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Singapore rolls out Open Innovation Platform to support innovative solutions

Singapore rolls out Open Innovation Platform to support innovative solutions

On 21 May, it was announced that Infocomm Media Development
Authority (IMDA) will implement an Open Innovation Platform (OIP) to provide
companies with better access to business needs and opportunities.

First mentioned in the Budget 2018-19 earlier this year,
the OIP aims to facilitate innovation and narrow the gap between research and
commercialisation. It is one of the measures through which the Singapore
Government foster pervasive innovation.

The Platform is supported by a structured innovation process
from ideation to commercialisation, as well as a physical innovation facility at PIXEL that can support rapid prototyping and other innovation activities.

As a virtual crowd-sourcing platform, the OIP aims to achieve
the following:

(1)    Provide Singapore-based companies and
sectors with access to multi-disciplinary talent, expertise, and technology to
accelerate their digitalisation efforts,

(2)    Provide Singapore ICM companies with
access to regional business needs and opportunities to co-create, develop and
bring to market exportable and innovation solutions, and

(3)    Catalyse innovation capacity by anchoring
and developing vibrant community of problem owners and solvers in Singapore.

On one hand, problem owners including trade associations, SMEs,
government sector leads, and Singapore-based companies will be able to tap on a
wide community through the OIP to solve their business problems.

They can propose innovation challenges at various stages:

(1) Ideation, where problem owners seek new innovative ideas to
address a specific problem, typically requiring a written proposal with
potential implementation option,

(2) Proof-of-Concept, where problem owners seek the ability to
demonstrate the technical viability of key concepts or features within the
proposed solution, typically occurred in a lab setting or as an isolated
exercise, and

(3) Prototype, where problem owners seek a demonstration of a
working prototype tested in an intended or simulated environment, which could
be extended into a larger pilot deployment.

On the other hand, IMDA will work with Singapore-based ICM
companies, researchers from research institutes and Institutes of Higher
Learning (IHLs), or other regional problem solvers to bring in relevant
expertise.

Through the OIP, problem solvers will have access to real
business needs articulated to potential customers, and the opportunity to
co-create solutions. A prize award would be given for each challenge posted on
the OIP. The amount of prize money is determined by the problem owner and is
only awards to the problem solver if the solution meets the evaluation criteria
and is selected by the problem owner via the OIP platform.

The OIP will be launched by mid-2018, together with the first
Challenge Call. Over 20 organisations have already committed to come on-board
the OIP programmes as IMDA’s supporting partners.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.