As Europe's largest economy and leader in patent registrations, Germany has been a hub of cutting-edge research and technologies. German businesses traditionally team up with academic institutions to drive technological progress. In recent years, more enterprises have opened their innovation processes to harness the collective wisdom of their workforces, customers, and partners.
Handelsblatt Open Innovation conference is Europe's flagship event on Open Innovation. This year's event in Berlin attracted participants from companies like Bayer, Cisco, Ford, Google, Nestlé and Procter&Gamble who discussed practical knowledge and best practices.
Among the keynote speakers was Matt Asman, Head of Innovation at Cisco Europe. Matt gave a fascinating insight into Cisco's innovation program that has driven impressive results.
As a core discipline, innovation at Cisco is embedded on all levels, from corporate vision to execution. In his presentation, Matt described how people, processes, and technology were taken into account when developing the comprehensive program. Talking about securing internal support and participation, he said: "For innovation managers it is dangerous to lean back. They need to be pro-active and constantly reach out to the company's stakeholders to stimulate collaboration."
Brightidea's software to power the I-Zone, an internal hub for employees to share and discuss ideas. "The I-Zone has been fundamental to the program's success," explained Matt. "It enables us to tap into our employees' knowledge and surface ideas that would otherwise remain unknown."
The results are impressive. The current innovation portfolio that has emerged from the hundreds of ideas submitted to the I-Zone is expected to generate over 360 million U.S. dollars in revenue over the next three years.
Other presentations at the conference included Procter & Gamble's Connect + Develop initiative and Nestle's Sharing is Winning Open Innovation program.
Frank Mattes, CEO of innovation-3, German Open Innovation thought-leader, and Premier Brightidea Partner, also spoke at the conference. In his presentation, he outlined the five key Open Innovation trends in Germany.
The Handelsblatt Open Innovation conference provided participants with hands-on insights from peers and confirmed the value of collaboration in driving – and managing – innovation processes.