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Accelerate Growth and Align Sales Execution INDIRECT SALES PLAN Bob Fucci InnoCentive December 12, 2008
Mission Statement ,[object Object],[object Object],[object Object],[object Object],[object Object]
Industry Best Practices ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Partner Programs and Categories Global Strategic Partners  - A partner for all InnoCentive Products and Services Regular and Consistent SMT Sponsorship.  Global Strategic Partners will provides global scale , brand and revenue  acceleration by assigning and measuring  dedicated resources. Strategic  partner agreements  will includes joint sales and marketing programs to help customers optimize their  investment in open innovation solutions. The key benefits for customers include, protection of existing investments, mitigated risk of adopting OI  solutions,  simplified sourcing by reducing the number of external suppliers, and  enhanced global program coordination and execution.  Current Partners – SAP, Nature Publishing Group Partner Pipeline – Cap Gemini, Booz, IBM, IDG
Partner Programs and Categories REFERRAL  Partners – Scale, Reach, and Incremental Revenue Lift  The InnoCentive  REFERRAL  PLUS program is ideal for individuals or companies who would like to introduce InnoCentive to potential Seekers in exchange for a referral fee. Seekers include corporations, system integrators, government entities, media and trade associations and research partners.  In exchange for a qualified introduction, InnoCentive will compensate the  REFERRAL  PLUS partners when a contract is signed with the Seeker. Current Partners – IT Midia (Brazil, Latin America), PRTM, Innovocao (Brazil) Partner Pipeline – CPCW (China, IT), CIS Corporate (Europe, Latin America),  GeoSung (Korea)
Partner Programs and Categories Agents & REPRESENTATIVE  Partners – Pipeline Development, Forecast and Revenue Contribution InnoCentive  REPRESENTATIVE  PLUS is for individuals or organizations wishing to independently sell InnoCentive products and services into their local or vertical market.  InnoCentive  REPRESENTATIVE  PLUS partners act as the primary business development and sales contact for their prospective clients. The Representative will be responsible for generating opportunities and managing on-going sales campaigns while InnoCentive provides subject matter expertise and sales support activity.  The Representative will earn commissions upon its Clients utilizing InnoCentive products and services.
A Clear And Aligned Sales Methodology  Awareness  Development  Qualify/Forecast
A Clear And Aligned Sales Methodology  Propose/Forecast  Negotiate/Close  Post
Economic Assumptions Per Unit Referral Fees Paid For Registered Solvers $  3.00  Gross Seeker Price Per Challenge $  15,000  Gross Rich Content Revenue $  15.00  Monthly Pavilion Fee $5,000-$10,000  Partner Challenge Revenue Share (Average) 25% IC Challenge Revenue Share (Average) 75%  IC Co-Branded Pavilion Option Rev Share Negotiable IC Rich Solver Content Rev Share Negotiable
Global Strategic Partners - 2009 ,[object Object],[object Object],[object Object],[object Object],[object Object],Level Focus Partners Measurement Q1 Q2 Q3 Q4 Total Global, Strategic  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],New Challenges New Solvers New @Work 10 10,000 0 10 10,000 0 10 25,000 1 20 40,000 1 50 65,000 2
Referral and Resell Partners - 2009 ,[object Object],[object Object],[object Object],[object Object],[object Object],Level Focus Partners Measurement Q1 Q2 Q3 Q4 Total Referral & Resell Companies - Includes System Integrators, Media , ISV’s, VC’s , etc. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],New Challenges New Solvers New @Work 5 5,000 0 5 5,000 0 5 10,000 0 10 25,000 1 25 50,000 1
Agent & Representative Partners - 2009 ,[object Object],[object Object],[object Object],Level Recruitment By Region Measurement Q1 Q2 Q3 Q4 Total Agents & REPRESENTATIVE  Partners – Pipeline Development, Forecast and Revenue Contribution US  2 EMEA  1 APAC  2 Latin America  1 Economic  1 Development New Challenges New Solvers New @Work 2 0 3 0 5 0 5 0 15 0
Revenue Projection 2009 2010 Total Quarterly Breakdown Global, Strategic Partners Referral & Resell Partners Agents & REPRESENTATIVE  Partners $1,050,000 $688,500 $200,000 $2,025,000 $1,350,000 $400,000 $3,075,000 $2,038,500 $600,000 20/20/20/40 20/20/20/40 10/20/30/40 Total $1,938,500 $3,775,000 $5,713,500
2009 Revenue Uplift  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
International Staffing Proposal ,[object Object]
Cost Estimates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Partner Recruitment Strategic Partners SAP Nature** Booz * Cap Gemini* IBM* Accenture* (Qualify/Propose, Challenge Development) Regional Referral Partners MIT Sloan* PRTM ITMidia** Innovocao CPCW* CIS Corporate* (Qualify/Propose, Challenge Development) Sales Agents US  5 EMEA  3 APAC  2 Latin America  3 Economic  4  Development (Qualify, Propose, Challenge Development) * Recruiting ** Closing Align Sales Methodology – Introduce, Qualify, Propose, Challenge Development, Forecast, Close
Proposed Team Structure
InnoCentive Partner Productivity Portal ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Indirect Plan

  • 1. Accelerate Growth and Align Sales Execution INDIRECT SALES PLAN Bob Fucci InnoCentive December 12, 2008
  • 2.
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  • 4. Partner Programs and Categories Global Strategic Partners - A partner for all InnoCentive Products and Services Regular and Consistent SMT Sponsorship. Global Strategic Partners will provides global scale , brand and revenue acceleration by assigning and measuring dedicated resources. Strategic partner agreements will includes joint sales and marketing programs to help customers optimize their investment in open innovation solutions. The key benefits for customers include, protection of existing investments, mitigated risk of adopting OI solutions, simplified sourcing by reducing the number of external suppliers, and enhanced global program coordination and execution. Current Partners – SAP, Nature Publishing Group Partner Pipeline – Cap Gemini, Booz, IBM, IDG
  • 5. Partner Programs and Categories REFERRAL Partners – Scale, Reach, and Incremental Revenue Lift The InnoCentive REFERRAL PLUS program is ideal for individuals or companies who would like to introduce InnoCentive to potential Seekers in exchange for a referral fee. Seekers include corporations, system integrators, government entities, media and trade associations and research partners. In exchange for a qualified introduction, InnoCentive will compensate the REFERRAL PLUS partners when a contract is signed with the Seeker. Current Partners – IT Midia (Brazil, Latin America), PRTM, Innovocao (Brazil) Partner Pipeline – CPCW (China, IT), CIS Corporate (Europe, Latin America), GeoSung (Korea)
  • 6. Partner Programs and Categories Agents & REPRESENTATIVE Partners – Pipeline Development, Forecast and Revenue Contribution InnoCentive REPRESENTATIVE PLUS is for individuals or organizations wishing to independently sell InnoCentive products and services into their local or vertical market. InnoCentive REPRESENTATIVE PLUS partners act as the primary business development and sales contact for their prospective clients. The Representative will be responsible for generating opportunities and managing on-going sales campaigns while InnoCentive provides subject matter expertise and sales support activity. The Representative will earn commissions upon its Clients utilizing InnoCentive products and services.
  • 7. A Clear And Aligned Sales Methodology Awareness Development Qualify/Forecast
  • 8. A Clear And Aligned Sales Methodology Propose/Forecast Negotiate/Close Post
  • 9. Economic Assumptions Per Unit Referral Fees Paid For Registered Solvers $ 3.00 Gross Seeker Price Per Challenge $ 15,000 Gross Rich Content Revenue $ 15.00 Monthly Pavilion Fee $5,000-$10,000 Partner Challenge Revenue Share (Average) 25% IC Challenge Revenue Share (Average) 75% IC Co-Branded Pavilion Option Rev Share Negotiable IC Rich Solver Content Rev Share Negotiable
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  • 13. Revenue Projection 2009 2010 Total Quarterly Breakdown Global, Strategic Partners Referral & Resell Partners Agents & REPRESENTATIVE Partners $1,050,000 $688,500 $200,000 $2,025,000 $1,350,000 $400,000 $3,075,000 $2,038,500 $600,000 20/20/20/40 20/20/20/40 10/20/30/40 Total $1,938,500 $3,775,000 $5,713,500
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  • 17. Partner Recruitment Strategic Partners SAP Nature** Booz * Cap Gemini* IBM* Accenture* (Qualify/Propose, Challenge Development) Regional Referral Partners MIT Sloan* PRTM ITMidia** Innovocao CPCW* CIS Corporate* (Qualify/Propose, Challenge Development) Sales Agents US 5 EMEA 3 APAC 2 Latin America 3 Economic 4 Development (Qualify, Propose, Challenge Development) * Recruiting ** Closing Align Sales Methodology – Introduce, Qualify, Propose, Challenge Development, Forecast, Close
  • 19.