2. MITPM 2010
“It’s no longer individuals toiling in a laboratory,
coming up with some great invention. It’s not an
individual. It’s individuals. It’s multidisciplinary.
It’s global. It’s collaborative.”
Sam Palmisano, Chair, President and CEO, IBM
Open Innovation
Innovation is the novel application of
shared knowledge and resources to add
social or economic value

3. MITPM 2010
Collaborative Innovation
Collaborative innovation – not just about
transactions but about relationships

4. MITPM 2010
Strategic Use
• Identify collaborative and convergent linkages
• Open up new channels to market
• Scout for new and emerging technologies
• Fresh perspective to evaluate capabilities and
define problems
• Keep tabs on competitor efforts
• Tap into extensive InnovationXchange network

5. MITPM 2010
Client Range
Academic
Institutions
Research
Organisations
Large
Corporations
SMEs
Government
Bodies

6. MITPM 2010
Example Success: Dept of Transport & La Trobe U.
Intelligent Transport System to Improve Safety
AUD 4million project; 2 years to set up
Culture
Communication
Timelines
Motivations
Trust
Leadership

7. MITPM 2010
Success Factors
Senior Management
On board and
supportive
Leadership
Key to push forward

8. MITPM 2010
Success Factors
Coherence
Overall innovation
goals
Understanding
Internal capabilities

9. MITPM 2010
Success Factors
Knowledge Management
Reduce duplication
Processes
Dealing with information

10. MITPM 2010
Success Factors
Flexible
Act on information
Process
Legal

11. MITPM 2010
Success Factors
Finances
Valuing knowledge
Intermediation
Impartial

12. MITPM 2010
Success Factors
MINDSET

13. MITPM 2010
SMEs – Limitations
Limited
Time
Resources
Manpower
Overload

14. MITPM 2010
SMEs – Strengths
Strong
Flexible
Platform Technology
Quick
decisions
Area
knowledge

15. MITPM 2010
Summary
Utilize open innovation to propel your business
forward

16. MITPM 2010
Thank You
hasan@ixc.com.my