Simon Schneider CEO

1. Simon SchneiderCEO

2. What are the problems in Your innovation eco-system? • Ideas are hard to find and difficult to assess because of their uniqueness • Academic research takes too long to get commercialized • Researchers largely lack the business acumen to bring their invention to fruition • The same experts always try to solve the same problems. There is not enough spill-over from outsiders and not enough utilization of your own employees/network’s ideas • Venture Capital has recently become less focussed on seed-stage investing and left a funding gap employees - - companies - government - investors SMEs - researchers -

3. The power of open innovation andcompetitions can solve that problem

4. State of the prize industry: what did government leaders and innovators tell us they want? • As part of our EU Commissionproject, we interviewed 25 leaders from government and foundations from around the world, who have prize experience. • Here are some of the findings: • Their top priority is to attract a higher quality of applications • 100% of the government leaders we interviewed value attracting solutions from outside the problem sector • Visibility for themselves is important too! (the “Idaho News effect”) 70% Focusing on a challenge Rewarding excellence

5. Independent survey confirms: innovators want challenges to invent new solutions for you 70% Focusing on a challenge Rewarding excellence YouGov survey in March 2011 asked 523 SME innovators: - 68% of SMEs believe that focusing innovators on a specific challenge is important. - 71% of SMEs think that formal recognition of excellence is a significant driver of innovation.

6. OmniCompete was founded to solve problems, first in security and now in energy and health  Founded in 2006 to solve market failure in security  We focus on three verticals: energy, security and health  Hosted and managed 21 international competitions (and counting)...  Advising governments around the world on prize-induced innovation  Established community of 10,000 solvers & start-ups  Awarded over $2.9M (USD) to date & growing  Achieved market-impact of $104M (USD) for our finalists

7. Our current and past competition clients

8. Why are we best positioned to help with your Grand Challenges programme? Transparency:Measureable R.O.I. Abstraction:Translational approach to attract ‘black swan’ ideas Idea Excubation: Post-award services and idea matching Marketplaces: Creating sustainable communities

9. “By abstracting the problem to its most basics, and translating it we can engage the widest possible community of innovators” – quote from a client Abstraction Real Problem Expert Groups Translation Solving ‘Steer a toy car from behind a wall’ Challenge Experts - general public IT Mobile Learning “The Oil Well Wireless Communication Challenge” Identifying & Mobilizing New Talents Researchers Stage 1 – Ideas Students Focusing the Community Cloud of Ideas & Innovators CreatingCommunity Near Field Comm. Employees - Customers Implementations of innovations Right Time Social Innovation Right Place Public Post-Competition Impact Plan Right Topic ‘Put the picture together while missing bits from a message’ Ideas Chemists Employees Deconstructing the complex problem to its basics and then translating it in order to engage the widest community of solvers

10. Creating sustainable offline communities for spill-over effects and exploitation • Our offline events act as marketplaces for ideas • Regular touch-points are important, as DARPA Grand Challenge showed, which we know well because of former DARPA Dept Director who is on our Board • Structured actions after the award are crucial to further the exploitation of ideas. Our GSC has multiplied $2.9m of prizes into $104m in market impact due to matching and BP-plan services.

11. How to reach us? Simon Schneider CEO Email: simon@omnicompete.com Telephone: 0044 (0) 207 224 0110  We are on GSA Schedule: GS-07F-0638X