In this intensive six-day sprint, participants will be guided towards a clear trajectory and transformation plan.
Our programme is bolstered by highly experienced advisors and mentors who bring their expertise and experience to the table. The programme is grounded in proven and evidence-based research, ensuring its effectiveness.
As part of the experience, participants will be connected to SME innovation ecosystem partners, fostering valuable connections within the industry. Gain experiential learning through relatable local case studies of SMEs, which will offer practical insights and strategies. Participants will continue to receive coaching and mentoring to help implement their transformation plans successfully.
Phase 1 consists of 5-day interactive and structured workshops covering the following topics:
Phases 2 and 3 involve project scoping and co-creating innovation initiatives with support from innovation ecosystem partners such as SIT InnoHub, A*Star, IPI.
Adjunct Associate Professor, Business, Communication and Design, Singapore Institute of Technology
Adjunct Associate Professor, Business, Communication and Design, Singapore Institute of Technology
On Day 1, you will start the course by unpacking the essence of innovation and its pivotal role in achieving breakthroughs for your business.
| Topic | Topic Description |
|---|---|
| Unpacking "Innovation" | Gain a clear grasp of what "innovation" really means to businesses. Discover why, as a business owner, understanding innovation is your key to unlocking growth and staying competitive in dynamic markets. |
| Embracing Open Innovation | Learn about the power of open innovation — collaborating across boundaries to harness external ideas and resources. Unleash the potential to revolutionise your business. |
| Innovating Business Models | Learn the concept of business model innovation. Witness how it can reshape your business's fundamental value proposition and change the way you deliver services, creating a distinct edge in the market. |
On Day 2, you will learn the concept of the innovation life cycle and understand your transformation potential at each stage. You will explore the art of balancing exploration and exploitation and learn proactive strategies for effective innovation risk management.
| Topic | Topic Description |
|---|---|
| Navigating the Innovation Life Cycle | Recognise the role of the innovation life cycle in effective innovation planning — a compass that steers you towards making informed decisions aligned with your business goals. |
| Balancing Exploration and Exploitation | Explore the vital concept of balancing exploration (venturing into new territories) and exploitation (maximising existing strengths). Explore ideas at these two ends of the continuum to sustain innovation vitality and optimise your current operations. |
| Managing Innovation Risks | Learn how to take proactive steps to handle innovation risks. By understanding potential challenges and using proactive strategies, you can effectively manage the risks associated with innovation while promoting a stable environment for its growth. |
On Day 3, you will gain the opportunity to engage with stakeholders from the open innovation ecosystem, including A Star, IPI, and SIT's in-house innovation capabilities. You will also learn how to develop a successful innovation mindset and apply it to business innovation projects.
| Topic | Topic Description |
|---|---|
| Meet the Ecosystem Stakeholders | Meet stakeholders within the open innovation ecosystem, including A Star, IPI, and SIT's in-house innovation capabilities. You will have the opportunity to interact with these ecosystem players and explore potential collaborations. |
| Acquiring a Mindset for Successful Innovation | Learn how to develop a mindset crucial for driving successful innovation. Learn about critical behaviours like self-starting, maintaining a long-term orientation, and persistence, which are qualities essential for fostering innovation. |
| Developing your Innovation Project (Sprint 1) | Start applying concepts from days 1 to 3 directly to your own business innovation project, transforming theory into practical action and gaining valuable experience in the process. |
On Day 4, you will integrate the innovation mindset into essential business activities like goal setting, information gathering, iterative implementation, and feedback collection. You will also continue refining your innovation project using concepts learned and insights from instructors and peers, actively applying learned principles.
| Topc | Topic Description |
|---|---|
| Embedding the Innovation Mindset | Learn how to seamlessly integrate the innovation mindset into crucial business activities, including goal setting, information gathering, iterative implementation, and gathering valuable feedback. This hands-on approach will equip you with the tools to understand the concepts and apply them directly to your business innovation projects. |
| Developing your Innovation Project (Sprint 2) | Continue the journey of refining your innovation project and obtain invaluable input from instructors and fellow business owners. This collaborative and iterative approach ensures that your project evolves dynamically and prepares you for the project presentation on Day 5. |
| Topic | Topic Description |
|---|---|
| Presenting your Innovation Project | This is the culmination of your intensive efforts over the past four days. This pivotal moment will serve as a reflection of the progress you have made and the innovative ideas you have developed. As you present your project, instructors and fellow participants will provide you with additional feedback and insights, building on the collaborative spirit that has been nurtured throughout the programme. |
On this final day, you will acquire practical skills for crafting a robust implementation plan by breaking down your ambitious strategy into practical steps. You will also engage with the SIT Centre for Career Readiness and InnoHub to leverage our resources to advance your innovation journey. Finally, you will learn techniques to navigate organisational change, guiding your team and stakeholders through the transformation journey.
| Topic | Topic Description |
|---|---|
| Developing an Effective Implementation Plan | Learn the practical skills to break down your grand plan into achievable steps and manage risks effectively. This skill set will enable you to sustain momentum in your innovation journey. |
| Leveraging SIT Capabilities | Engage with representatives from our Career Centre and InnoHub to determine how to effectively utilise our resources to propel your innovation journey forward. |
| Managing the Change Journey | Learn techniques to manage organisational change, guiding your team and stakeholders through the transformation journey. |
A Certificate of Participation will be issued to participants who:
The full fee for this course is S$5,450.00.
| Category | After SF Funding |
|---|---|
| Singapore Citizen (Below 40) | S$1,635.00 |
| Singapore Citizen (40 & Above) | S$635.00 |
| Singapore PR / LTVP+ Holder | S$1,635.00 |
| Non-Singapore Citizen | S$5,450.00 (No Funding) |
Note: All fees above include GST. GST applies to individuals and Singapore-registered companies.
Launch of Learn for Life Initiative
We are pleased to announce the launch of the Learn for Life initiative. Starting 1 April 2024, all SIT alumni may enrol in a free course or module once every 5 years, valued at up to $3,500. Learn more →
