ISPIM Grand Prize
We think outstanding innovation management really matters, because great products and services are the result of excellent innovation management. However, it’s often the final product or service that makes the headlines, so we want to reward the outstanding management work that innovation professionals do to deliver great innovation to the market.
2016 Finalists Announced!
After some long and difficult judging, ISPIM is delighted to announce the three finalists in this year’s Grand Prize competition. In alphabetical order they are:
HUAWEI - Collaboration shapes innovation: the Huawei Innovation Research Program (HIRP) read more
ORANGE - Imagine with Orange read more
SAP - Creating a Service Centre for Business Model Innovation at SAP SE - or, how to use, manage or avoid the corporate immune system. read more
Please submit the completed entry form as per the instructions below. Each entry form should be for one innovation project/initiative, but there is nothing stopping the same organisation submitting several projects for the award using multiple entry forms.
- Submission deadline: 8th April 2016 - send completed entry form in pdf format to firstname.lastname@example.org
- Three Finalists announced: 9th May 2016
- Grand Final presentations and judging: 20th June in Porto at the 2016 ISPIM Innovation Conference
Grand Prize Final
The three finalists will compete for the top spot with presentations at the 2016 ISPIM Innovation Conference in front a voting audience made up of innovation experts from around the world.
Questions, suggestions and submissions can be sent to Kevin McFarthing - email@example.com
- Tim Jones, Founder and Programme Director, Future Agenda (Chair of Panel)
- Kevin McFarthing, Innovation Fixer Ltd (ISPIM Advisory Board)
- Ravi Arora, Vice President, Innovation and Benchmarking, Business Excellence - Technology & Energy, Tata Sons
- John Bell, Vice President, External Innovation and New Business Models, Johnson & Johnson Consumer
- Henry Chesbrough, Executive Director, Center for Open Innovation, Haas School of Business, University of California, Berkeley
- Martin Curley, Vice President Intel Labs, Director Intel Labs Europe, Intel Corporation
- Hannes Erler, Director Open Innovation Networks, D. Swarovski KG
- Sharon James, SVP, R&D, Reckitt Benckiser
- Magnus Karlsson, Director, New Business Development & Innovation, Ericsson
- Bernard S. Meyerson, Chief Innovation Officer, IBM Corporation
- Jaspar Roos, Chief Inspiration Officer & Founder, Future Ideas
- Fabian Schlage, Head of Idea and Innovation Management, Nokia Networks
- James Stikeleather, Chief Innovation Officer, Dell
The following criteria will be used to evaluate the submissions:
- How ambitious and difficult was the innovation opportunity addressed? (33%)
- How ingenious and novel was the innovation initiative's approach?(33%)
- How impressive are the results and how big is the impact? (34%)
Terms of Reference
- Panel members participate on a voluntary basis and without remuneration or incentive from ISPIM, Grand Prize entrants or other 3rd parties.
- Panel members will treat the names of all entrants and their submitted information on a confidential and non-competitive basis.
- Panel members will proactively decline to evaluate, or receive detailed information on, entries where a potential for conflict of interest exists in that the panel member :
- is familiar with the entrant or the submitted innovation initiative in that objectivity could be questioned
- has a vested interest in the success or failure of the entrant in the Grand Prize
- could gain a competitive advantage from the information provided by the entrant.
- Panel members agree to be bound by the rules of the competition and the decisions of the Panel Chair and ISPIM.
The ISPIM Grand Prize competition was launched at the start of 2015, specifically to recognize excellence in the areas of innovation management that are so often overshadowed by the innovation itself. Following on from the announcement of the finalists, the final was held at the ISPIM conference in Budapest on 15th June 2015.
The finalists were:
- Cisco – Cisco Technology Radar
- The United States Department of Energy (DOE) – The SunShot Catalyst - download presentation
- Tata – The Tata Group Innovation Forum - download presentation
Each one presented their case to around 250 ISPIM delegates, who then voted for their favoured competitor in a true democratic fashion.
The SunShot Catalyst is an initiative developed by the US DoE that aims to dramatically expand the use of solar power. At its heart is an Open Innovation program aimed at sourcing ideas from the public, using a sequence of Ideation/Pitch/Prototype/Incubate. Compared to previous approaches, so far the Catalyst has delivered a 17x increase in projects, 50% faster and at 10% of the cost.
“The SunShot Catalyst team is thrilled to be the 2015 recipient of the ISPIM Grand Prize. Winning the award has been a great way for our team to highlight our results driven approach to open innovation globally as well as broadly within our own organization, “ said Mike.
The expert judges and audience were very impressed with the other finalists. The quality of the entries was very high and bodes well for future competitions.
The ISPIM conference was the ideal place to host the final. Ravi Arora of Tata said: “ISPIM is one of the best conferences that I have attended on the subject of Innovation. It had a good mix of industry presentations, academic papers and also a few very good visits. I also found that this conference provided a lot of opportunity for people to socialize and network…. In fact the highest I have ever seen “.
Special thanks to Swarovski for providing the prizes.