Open Innovation Challenges

CURRENT
CHALLENGE

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OPEN INNOVATION CHALLENGE for

Sustainable materials

solutions

WHAT IS OPEN INNOVATION

Open innovation can be used as a tool to complement organizations' internal R&D at strategic times during the innovation process. The use of external sources can expand the innovation potential of an organization.

Organizations use open innovation to access more diverse sources of ideas and talent. The goal is to find opportunities to solve unmet needs with the help of the right partnerships.

To do this, many companies are now implementing open innovation programs to look for other ways to increase the efficiency and effectiveness of their innovation processes. We at INAM organise and host Open Innovation Challenges on behalf of our members.

HOW IT WORKS

Preparation

Together with you and our industry and technical experts, we hell develop a brief that is clear, concise and fulfills the needs of your R&D.

STEP

LAUNCH

We launch Open Innovation Challenges related to your current R&D and scout for Startups / Research Groups willing to work on this challenge.

APPLICATIONS

The participants apply for the challenge by explaining how their technologies can help solve the proposed brief.

Pitches

The best projects are selected to come and present their proposed solutions.

selection

One (or more) proposals are selected for pilot projects / partnerships with you.

STEP

CASE STUDY: ADVANCED FABRICS

One of our INAM Members was looking for Advanced Fabrics Startups to improve their products - airbags and seatbelts. With this in mind, we launched an Innovation Challenge to find the most promising startups working on Smart & Light Fabrics.

After defining the brief, INAM organised an intensive tech scouting process. We received many applications from different parts of the world and together with our INAM Member (the Challenge organiser), we selected 5 finalists to come and pitch during a one-day event in Berlin.

3 of the 5 Finalist Startups were then chosen to run pilot projects with the company, which are now in their initial development phase. The entire Innovation Challenge, from idea to pilot projects, took 3 months, with 90% of the work done by the INAM Team.