Innovation Competitions Fei Ricardo Dos Santos May 16 12

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Innovation Competitions Innovation as Sport Ricardo dos Santos Biological Dynamics FEI May 16, 2012

Transcript of Innovation Competitions Fei Ricardo Dos Santos May 16 12

Page 1: Innovation Competitions Fei Ricardo Dos Santos May 16 12

Innovation CompetitionsInnovation as Sport

Ricardo dos SantosBiological Dynamics

FEI May 16, 2012

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My Definition of Inno Competitions

Inducement Prize • Bounty for specific objectives • Best entry tournaments

Alternative to Grants • Sponsor shifts risk to participants

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Competitions: An Old Innovation

The Longitude Prize

Solve Problems | Launch BusinessesSolve Problems | Launch Businesses

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Competitions: An Old Innovation

Solve Problems | Launch Businesses

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Innovation Competition Types

CorporatePrizes

Non-ProfitPrizes

GovernmentPrizes

StudentCompetitions

EmployeeCompetitions

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Common ‘New Rules’• Open• Far-Reaching• Inclusive

• Social • Submissions are visible• Anyone can ‘like’ / share

• Entertaining• Real time leaderboard• Bounty or Tournament

structure• Climatic ending

GOV

NGO

COR

STU

EMP

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Government PrizesGOV

NGO

COR

STU

EMP

• Citizen Challenges

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Non Profit PrizesGOV

NGO

COR

STU

EMP

Solve Problems

Launch Businesses

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Corporate PrizesGOV

NGO

COR

STU

EMP

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Student CompetitionsGOV

NGO

COR

STU

EMP

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11Engagement in Innovation

Skill

Dev

elop

men

t

Employee CompetitionsGOV

NGO

COR

STU

EMP

Internal Accelerator

Program (Teams)

Idea Collaboration

Platforms

+

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QC’s Venture Fest CompetitionIdea Generation &

Selection Idea Development Boot Camp Proof of Concept

~500~50

~15Discover

NetworkAccelera

te

++QVF Team BU Sponsor QIN Team

Business Plan Pitches

Proof of Concept Home

Value Extraction

CEO’sopen call

InnovatorChallenges

QINonline tools

Support SystemTeam

Collective Intelligence

Corporate Entrepreneurship

• New Project Option• Strategic Value• Exit Value

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Collective Entrepreneurship

Social Good | Tech Marvel | Mkt Leadership

EMP

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Qualcomm’s Competitions

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When Competitions Are Most Appropriate• Intractable problem,

unknown problem solver

• To fight a market breakdown

• To fight complacency – symbolic reminder that life should remain a contest for the best ideas

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Competition is the great creative forceof the universe

- David Brin

Final Quote

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Thank [email protected]

mailto:[email protected]

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