November 4, 2009
General Mills relaunches Worldwide Innovation Network on STCI / inno360 platform
Leading food company posts nearly 50 technical challenges on new portal...
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October 24, 2009
NY Times on STCI-sponsored Congestion Challenge
VenCorps community picks another winner...
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September 30, 2009
Open Innovation Pioneers and Visionaries launch STCI
Team includes world leaders in innovation and collaboration...
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September 30, 2009 Team includes leaders in digital media (Miller), breakthrough business startups (Kimberlin), corporate open innovation (Huston), web 2.0 business models (Tapscott), knowledge exchange (Turillo), open source and cloud computing (Wladawsky-Berger)
Old Greenwich, CT – November 12, 2009 – A “Dream Team” of open collaboration pioneers has formed to launch Spencer Trask Collaborative Innovations LLC (STCI), the next-generation platform for open, collaborative innovation. The team includes: Jon Miller, Chief Digital Officer and CEO, Digital Media Group NewsCorp and former Chairman and CEO of AOL; Kevin Kimberlin, Co-Founder of numerous breakthrough communications and healthcare technology companies, including Next Level Communications, Myriad Genetics, Health Dialog, and Ciena; Larry Huston, Former VP Innovation, Procter & Gamble, who created and led P&G’s “Connect and Develop” Open Innovation Model; Don Tapscott, Internationally renowned authority on the strategic value and impact of information technology and author of thirteen widely-read books, including Wikinomics and Grown Up Digital; Michael Turillo, Former IBM Business Unit Executive and a Managing Partner and member of International Management Committee and Global Chief Knowledge Officer at KPMG International; and Irving Wladawsky-Berger, Former IBM executive responsible for key initiatives including Linux, supercomputing and Grid computing, Member and co-chair of President Clinton’s IT Advisory Committee from 1997-2001 and President Obama’s Technology Transition Team.
STCI focuses on a single goal: helping organizations fundamentally change the way they do business by embracing global, interconnected communities of innovative people. Jon Miller, STCI’s Non-Executive Chairman, notes, “By channeling the raw power of human intelligence and creativity more efficiently, our clients seize market opportunities, create business value and drive positive societal change.”
Don Tapscott adds, “With our platform, systems and services, STCI orchestrates first-of-its-kind global collaboration within a coherent, manageable structure. Our clients interact with innovators around the world in mutually beneficial ways, forming an extended innovation ecosystem.”
STCI builds on the proven result that seeking innovative solutions through communities beyond normal organizational boundaries often achieves better, faster and cheaper solutions. The challenge thus far is not in finding solutions but in creating an end-to-end collaborative ecosystem. The STCI ecosystem now fills this gap. Larry Huston observes, “Our innovation ecosystem enables clients to develop and bring to market new products and services that are precisely aligned to the dynamic timing and ever-changing market opportunities. STCI connects organizations to customers, partners and prospects more broadly and deeply than I have ever seen before. This creates significant competitive advantages and powerful new business opportunities.”
Kevin Kimberlin notes, “STCI is a natural extension of our legacy at Spencer Trask. Now, we are using these collaborative platforms to discover, enable and accelerate success for ground-breaking ideas with our network, which has long provided innovators and entrepreneurs the resources to transform bright ideas into world-changing companies.“
Also joining the STCI team as an Advisory Board Member to focus on innovations in the way consumers interact with brands in the mobile world, is Jim Stengel, previously Chief Marketing Officer at Procter & Gamble, who was named #1 “Power Player” by Advertising Age for 4 years running.
“The mobile consumer experience represents a watershed opportunity to build lasting brand equity, not just transactional value,” says Jim Stengel. “Digital marketing has been focused on what it does uniquely well – measurement, click-through and conversion transactions. In the case of mobile marketing, what’s missing is a deep understanding of how consumers want to interact with brands on mobile devices. Another barrier has been the lack of scalable solutions across players in the mobile ecosystem. I am excited about joining STCI for I see it as an ecosystem and market maker in defining and scaling breakthrough opportunities to build lasting brand equity through the extremely personal experience that is unique to mobile devices.”
Through open methodologies, know-how and tools, STCI enables the “global brain” to provide the best set of vetted innovative options for companies, improved upon and ultimately selected by the community itself. STCI embodies this in a tangible sustainable solution. Irving Wladawsky-Berger states, “Building on our ecosystem of technology, know-how and communities, we provide an Innovation Relationship Management™ (IRM) system consisting of proprietary products and services to help organizations harness and align their internal innovation processes and people with the power of expanded and global human intelligence and creativity through a truly open collaborative innovation environment, and to manage the changes inherent in this new way to conduct business.”
Mike Turillo, STCI’s Vice-Chairman, summarizes STCI as “being at the center of the transformation of today’s business models through innovative yet practical solutions into new paradigms for sustainable growth, increased business value, and creating positive impacts on society. From providing famine relief in Africa and easing urban traffic congestion to delivering break-through product offerings for consumer packaged goods companies and allowing those suffering from rare diseases to find comfort and solace in their own community, we have every expectation that STCI will deliver tangible results and benefits.”
STCI’s approach to collaborative innovation represents a highly evolved economic mode of production, allowing organizations to conceive, design, develop, and distribute products and services in new ways. Knowledge and productive capability is more dispersed than ever before, and organizations that foster fast, fluid and persistently disruptive innovation through connected communities will prosper in our increasingly global economy.
Jeff Winsper
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