Featured Presentation: Collaborative Innovation

Engaging a world of innovators in your innovation process

MANUFACTURING

LEADERSHIP

SUMMIT

2010

V2

Dwayne H. Spradlin
PRESIDENT AND CHIEF EXECUTIVE OFFICER, INNOCENTIVE INC. MANUFACTURING LEADERSHIP SUMMIT 2010

The World is Changing

Innovation in 2010 & Beyond

Organizationsneedtoreshapethemselves
Flexibleplatforms,organizations,businessmodelsandbudgeting

Organizationsneedtoinnovateinthreeways:

1 2 3

BETTER Creativityandaccesstothebrightestmindsondemand FASTER Competitionandmarketconditionsdemandit MoreCostEffectivelyThanBefore Pressureonexpenses

OpenInnovationistheANSWER

An Entire Planet of Problem Solvers

No matter who you are, most of the smartest people work for someone else. Bill Joy CoFounder, Sun

InnoCentive Vision

InnoCentives unique Open Innovation approach enables customers to innovate better and faster with superior economics

About InnoCentive
INNOCENTIVE = Innovation + Incentive We are the Leader in Open Innovation
Acknowledged by business journals, the press, and clients

InnoCentive matches problems from Seekers to Solvers in an Open, Collaborative model

Seekers include Commercial, Government, and NFP Clients in all industries Problems may be targeted to InnoCentives Global Solver Community of 200,000+ solvers or to private communities of employees, retirees, partners, or others

About InnoCentive
Our challenge-driven innovation approach is highly developed and truly unique in the space
Our approach has shown 50+% solve rates and superior ROI Applicable to business problems and highly technical innovation needs Targets problems to internal and external problem solvers

InnoCentive Products and Services include:

InnoCentive.com Challenge Marketplace InnoCentive@Work Platform for internal corporate usage InnoCentive Consulting and Training Services

InnoCentive Global Solver Community

Preeminent Global Solver Network
200,000+ Solvers and Growing 200+ Countries 60% of Network have Masters/PhDs Unprecedented Diversity 50+% Solution Rate!

Reach to over 4MM through partnerships and social media

Solutions from Unlikely Places

1989ExxonValdezOilSpill
OilSpillRecoveryInstitute(OSRI)formedshortlythereafterandis charteredwithdevelopingrecoverytechniques.

OilRemainsonFloorofPrinceWilliam SoundToday
Brightestmindsintheindustrycouldnotsolve theproblemofseparatingfrozenoilfromwater incollectionbarges.

2007OSRIBuysGameChangingSolution for$20,000
ConstructionEngineerfromMidwestsuggestedatechniqueused intheconcreteindustryforkeepingcementfluidduringlarge pours.

Passion and the Human Condition

AGlobalEfforttoReducetheCostsofPhaseIITB DrugCandidatePA824
Existingproductionrequiredthreesynthesisstepsandrequired usedtoxicandexplosivematerials

SimplerandsafermethodsproposedtotheTB Alliancebytwowinnersofascientificchallenge
Outofdozensofnovelandcompellingsolutionssubmittedby InnoCentivesGlobalSolverNetwork

Thetwowinningproposalswereidentifiedascomingfrom ascientistinChina,andaresearchfellowinIndia.
IndianSolver:Mymotherwastheonlybreadwinnerofmyfamilyand duringmyschooldays(whenIwas14)shehadtostopworkingdueto tuberculosis..."

Real challenges in production applications

Case Study: Roche Diagnostics

Crowdsourcing ALL Your Communities

Imagine the Possibilities

Driving business strategy using challenge driven innovation Imagine your customers, employees, and the world solving your biggest innovation challenges Imagine virtual labs forming to find new cures for neglected diseases Imagine millions of problem solvers innovating on demand Imagine Enabling Better Innovation.

Imagine Better Innovation

THANK YOU!
Dwayne Spradlin InnoCentive, Inc. President & CEO dspradlin@InnoCentive.com