Simon SchneiderCEO

What are the problems in Your innovation eco-system?

Ideas are hard to find and difficult to assess because of their uniqueness Academic research takes too long to get commercialized Researchers largely lack the business acumen to bring their invention to

fruition The same experts always try to solve the same problems. There is not

enough spill-over from outsiders and not enough utilization of your own employees/network’s ideas

Venture Capital has recently become less focussed on seed-stage investing and left a funding gap

SMEs -

- companies

- government

- investorsresearchers -

employees -

The power of open innovation andcompetitions can solve that problem

State of the prize industry: what did government leaders and innovators tell us they want?

Rewarding excellence

70

%

Focusing on a

challenge

As part of our EU Commission project, we interviewed 25 leaders from government and foundations from around the world, who have prize experience.

Here are some of the findings:

Their top priority is to attract a higher quality of applications

100% of the government leaders we interviewed value attracting solutions from outside the problem sector

Visibility for themselves is important too! (the “Idaho News effect”)

Independent survey confirms: innovators want challenges to invent new solutions for you

Rewarding excellence

70

%

Focusing on a

challenge

YouGov survey in March 2011 asked 523 SME innovators:- 68% of SMEs believe that focusing innovators on a specific challenge is important. - 71% of SMEs think that formal recognition of excellence is a significant driver of innovation.

OmniCompete was founded to solve problems, first in security and now in energy and health

Founded in 2006 to solve market failure in security

We focus on three verticals: energy, security and health

Hosted and managed 21 international competitions (and counting)...

Advising governments around the world on prize-induced innovation

Established community of 10,000 solvers & start-ups

Awarded over $2.9M (USD) to date & growing

Achieved market-impact of $104M (USD) for our finalists

Our current and past competition clients

Why are we best positioned to help with your Grand Challenges programme?

Transparency:

Measureable R.O.I.

Abstraction:

Translational approach to

attract ‘black swan’ ideas

Idea Excubation:

Post-award services and idea

matching

Marketplaces: Creating sustainable

communities

“By abstracting the problem to its most basics, and translating it we can engage the widest possible community of innovators” –

quote from a client

Mobile Learning

Abstraction

“The Oil Well Wireless

Communication Challenge”

Implementations of innovations

Employees -

Customers

Expert Groups

Real Problem

Experts - general public

‘Steer a toy car from behind a wall’ Challenge

Near Field Comm.

Social Innovation

Translation Solving

Ideas

Identifying& Mobilizing New Talents

CreatingCommunity

Focusing the Community

‘Put the picture together while

missing bits from a

message’

Deconstructing the complex problem to its basics and then translating it in order to engage the widest community of solvers

Cloud of Ideas &

Innovators

Students

Chemists

Public

Employees

IT

Researchers

Stage 1 –Ideas

Right Time

Right Place

Right Topic

Post

-Com

peti

tion

Im

pact

Pla

n

Creating sustainable offline communities for spill-over effects and

exploitation

Our offline events act as marketplaces for ideas

Regular touch-points are important, as DARPA Grand Challenge showed, which we know well because of former DARPA Dept Director who is on our Board

Structured actions after the award are crucial to further the exploitation of ideas. Our GSC has multiplied $2.9m of prizes into $104m in market impact due to matching and BP-plan services.

How to reach us?

Simon Schneider

CEO

Email: simon@omnicompete.com

Telephone: 0044 (0) 207 224 0110 

We are on GSA Schedule: GS-07F-0638X

OmniCompete Ltd.

57 Gloucester PlaceLondon W1U 8JJ

UK

OmniCompete Inc c/o NAAB

3200 East 12 Mile Road Warren, MI 48092

USA