Course Overview
Domain
Business, Communication and Design
Format
Short Course
Duration
1 day
Fee Subsidy
Up to 90% SF Funding
This one-day course will delve into the fundamentals of Open Innovation (OI) and explore strategies for SMEs to expedite the adoption of OI in their innovation journey.
Designed to offer learners a hands-on learning experience, the course aims to enhance their understanding of leveraging OI. Learners will explore how SMEs can utilise various public OI intermediaries in Singapore to discover innovative solutions for their business challenges.
The course begins with discussions on local SME cases that have successfully implemented OI, providing practical insights into its utilisation within SMEs and their innovation endeavours.
Following this, there will be a dialogue session featuring key executives from local OI marketplace providers such as A*Star ACCM, IPI, and other Centers of Innovation from various institutions (SIT, Polytechnics, etc.). The session aims to facilitate collaboration with ecosystem partners, providing learners with access to available knowledge and technical expertise.
Ultimately, the course empowers learners to strategically build competitive advantages affordably by facilitating the sharing and accessing of knowledge and technologies available to them in their innovation journey, enabling them to thrive in the evolving business landscape.
Who Should Attend
-
Senior executives, R&D leaders, programme managers, and professionals responsible for innovation and transformation within their SME organisation
What You Will Learn
What is Innovation?
Overcoming the Escalation of Commitment Bias
- Class exercise and group discussion: Investment in Innovation
What is OI and Why OI
- Case Studies: KoolLogix and Nipo
Exploitation-Exploration Continuum
- Case Study: Neeuro
Dialog Session with Selective OI Marketplace Providers and Technology Partners: A*Star ACCM, IPI, SIT and Polytechnic
- Class discussion: How do you apply what you have learned to your innovation initiatives?
Teaching Team
Lim Chon Phung
Adjunct Associate Professor, Business, Communication and Design, Singapore Institute of Technology
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Schedule
| Course Run | Dates | Time |
|---|---|---|
| July 2024 Run | 6 July 2024 | 9:00 am – 6:00 pm |
| September 2024 Run | 28 September 2024 | 9:00 am – 6:00 pm |
| Time | Activity |
|---|---|
| 9:00 am – 9:30 am | What is Innovation? |
| 9:30 am – 10:00 am | Overcoming the Escalation of Commitment Bias |
| 10:00 am – 10:45 am | What is OI |
| 11:00 am – 12:30 pm |
Why OI? Case Studies Discussion: Koologix and Nipo |
| 1:30 am – 3:00 pm |
Exploitation-Exploration Continuum Case Study Discussion: Neeuro |
| 3:15 pm – 5:00 pm | Dialog Session |
| 5:00 pm – 6:00 pm | Assessment |
Certificate and Assessment
A Certificate of Participation will be issued to participants who:
- Attend at least 75% of the course
- Undertake and pass non-credit bearing assessment during the course
Fee Structure
The full fee for this course is S$1,090.00.
| Category | After SF Funding |
|---|---|
| Singapore Citizen (Below 40) | S$327.00 |
| Singapore Citizen (40 & Above) | S$127.00 |
| Singapore PR / LTVP+ Holder | S$327.00 |
| Non-Singapore Citizen | S$1,090.00 (No Funding) |
Note: All fees above include GST. GST applies to individuals and Singapore-registered companies.
Course Runs
SIT Innovation Leadership Programme (ILP)
This course is part of the SIT Innovation Leadership Programme (ILP).
- Accelerating Open Innovation Adoption in SMEs
- Rethinking Your Business – Business Model Innovation and Business Model Shift
- Innovative Mindset Mastery for SME Leaders
- Navigating Innovation in SMEs: Mastering the Art of Change Management (ILP)
- Leading Open Innovation – Develop Your Social Network and Capital
These structured short courses aim to assist learners in cultivating a culture of innovation. Through these courses, it facilitates learners to learn from successful open innovation models, execute market-driven projects with professional guidance, and leverage diverse ecosystem partners' expertise and resources to enhance innovation initiatives.
