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Multi-coloured Hallway, Barcelona, Spain by Efe Kurnaz (@efekurnaz) unsplashed
Next course starts 22 November 2021

Understand the principles and applications of open innovation and how it can unlock radical innovation, live online with Dr Nick de Leon and London & Partners.

Key details

Fees

  • Early bird: £750 until 30 September 2021
  • Full fee: £800 from 1 October 2021

Location

  • Live Online

    Two x 3.5 hr sessions

    Session 1: 22 November 2021

    Session 2: 23 November 2021

    9:30–13:00 GMT per session (plus optional coffee morning networking 9–9:30)

The open innovation masterclass will introduce you to the principles of open innovation. It will equip you with the critical tools required to take a more outward and open approach to generating ideas, transformation and growth.

Through leveraging this masterclass, mid-level professionals from any business function or size can accelerate their innovation ambitions by harnessing the foundational understanding of the core principles that underpin open innovation and its role in business transformation.

The collaboration between the RCA and London & Partners provides a theoretical overview of open innovation that is grounded in real world case studies, with access to invited guest speakers from London who will share their experience of using open innovation to transform their business. You will have the opportunity to receive invites to future RCA and London & Partners events.

As companies and organisations have struggled to adapt to the fallout of the Covid-19 crisis, many have turned to open innovation. Open innovation allows organisations to stay relevant and remain competitive by looking beyond their internal boundaries to co-develop new products, services and processes with users, communities and customers. It is a vital tool you can use to bring ideas into your organisation, discover new markets and retain an edge over your competitors.

About the course

Open innovation describes collaboration with external organisations and networks to develop new products and services. This could include collaboration with startup companies, universities, suppliers or crowdsourcing. Open innovation contrasts with traditional internal approaches to research and development which are largely conducted within the organisation. It is thinking differently about current challenges and being open to ideas that originate from outside your organisation.

'As companies struggled to adapt to the fallout of the Covid-19 crisis, many turned to open innovation — a collaborative approach that plays to the strengths of all companies involved and can produce creative, unexpected solutions.'

Read the full article online here:

Why Now Is the Time for “Open Innovation” by Linus Dahlander and Martin Wallin, Harvard Business Review June 2020

The benefits to you and your organisation include:

  • An introduction to the principles of open innovation, the opportunities and challenges.
  • A clear assessment of the success factors for open innovation, informed by the latest global thinking on innovation.
  • Refreshed strategic approach to your role, developed with input from global innovation experts and peers.
  • The tools to track innovation activity and progress across your workplace.
  • An understanding of how inclusion and diversity apply to open innovation and how you can bring new diverse ideas into your organisation.

Open innovation allows organisations to stay relevant and remain competitive by looking beyond their internal boundaries to co-develop new products, services and processes with users, communities and customers.

Session 1: Open Innovation Strategy

  • Introduction to principles of open innovation - what is it, and how does it relate to other innovation models such as Lean Start Up, Design Thinking and Service Design Innovation.
  • Operating models for innovation – how to bring new ideas into an organisation through accelerators, challenge prizes and corporate venture.
  • Frameworks for success – what are the channels and systems that can be used to track open innovation activity and success.

Session 2: Open Innovation in Action

  • Diversity in innovation – what is it and how do you bring diversity into innovation.
  • Behaviour, skills & tools for open innovation – incentivising teams, building stakeholder partnerships and approaching creativity.
  • Case studies, invited guest speakers and a group project will allow you to sharpen and synthesise all these insights.

The programme is delivered by leading academics from the RCA in collaboration with London & Partners.

Learning will take place live and online in two sessions of three-and-a-half hours.

The sessions will include a combination of keynote lectures as well as a series of practical group exercises.

Participants will:

  • Discover theoretical framework for open innovation and how it relates to design thinking and lean-startup.
  • Explore real world applications of open innovation and mechanisms for external partnerships through Corporate Venture Capital, accelerators, co-creation etc. to enact innovation.
  • Gain the confidence to effectively incentivise teams and drive forward open innovation projects.
  • Employ your creative problem solving in workshop-style learning.

The course is organised in synchronous sessions in a live virtual environment that combines various digital platforms and tools.

Zoom
Using the videoconferencing service Zoom, the RCA's esteemed academics and facilitators deliver a mix of:

  • live lectures
  • case studies
  • guided assessments
  • presentations

Participants interact with the faculty and peers in breakout rooms in real time.

Miro

Participants engage in cross-functional team work with the use of visual collaboration tools.

Through the online whiteboard platform Miro, participants get to:

  • interact with various formats and templates
  • plan and brainstorm ideas
  • create processes and workshop activities in the digital workspace.

Moodle

The College's learning platform Moodle is personalised according to the course's requirements to provide participants with a secure integrated system where they can access the course content.

The hub hosts a plethora of useful resources to enable the learning experience, including comprehensive timetables, pre-reading materials, course slides, curated videos, tutorials and session recordings.

Slack

Participants stay connected and communicate via the channel-based messaging platform Slack throughout the whole duration of the course.

In this space, the academics, facilitators and delegates get to network, plan the course activities, share documents and files during the live sessions or offline.

  • Mid-Senior Level Managers
  • Public and private sector teams
  • Entrepreneurs who want to partner with corporates
  • Product teams
  • Partnership Managers
  • Programme Managers
  • Post-graduate level students or graduates
  • University knowledge-exchange leads

Previous speakers have included:

  • Chris Haley, Innovation Specialist, The World Bank
  • Carol Hilsum, Senior Director of Product Innovation, Farfetch
  • Dupsy Abiola, Head of Global Innovation, IAG
  • Geraldina Iraheta, Chief Commercial Officer, Digital Catapult
  • Eric Van der Kleij, Co-Founder, EdenBase

Speakers to be announced.

London & Partners is London’s international trade, investment and promotion agency. Our purpose is to support the Mayor’s priorities by promoting London as the best city in the world in which to invest, work, study and visit. We do this by devising creative ways to promote London and to amplify the Mayor’s messages, priorities and campaigns. London & Partners is a not-for-profit public private partnership, funded by the Mayor of London and our network of commercial partners.

For more information: www.londonandpartners.com

London & Partners and the Royal College of Art deliver the Open Innovation Fellowship in collaboration which provides world-class executive education with real-world immersive sessions, peer-to-peer learning and highly-focused networking aimed at senior level innovation leaders.

For more information:

www.business.london/open-innovation

Lauren Quigley

Lauren Quigley

Head of Innovation Programmes, London & Partners

As Head of the Innovation Programmes team at London & Partners, Lauren leads on several key activations including SVC2UK, London Tech Week and the Open Innovation Fellowship.

Contact us

Get in touch with Jo Chounta if you'd like to find out more about this or any of our other short courses.

Email us at
[email protected]
Executive Education