NineSigma and Berkeley-Haas Announce Open Innovation Award Winners

Transcense, Lucid VR, Tyromer, GE, Eaton, BioAstra and the President of India Honored for Noteworthy Achievements

Dec 03, 2015, 10:56 ET from NineSigma

CLEVELAND, Dec. 3, 2015 /PRNewswire/ -- From startups to the President of India, innovation leaders are making a profound impact on their organizations and the world at large. At the second annual World Open Innovation Conference in Santa Clara, CA, innovation company NineSigma and the Garwood Center for Corporate Innovation, Haas School of Business, University of California, Berkeley recognized several whose initiatives have been particularly noteworthy. Each of them received Berkeley-Haas Open Innovation Awards on November 20th.

Tweet this: Winners announced for @BerkeleyHaas #OpenInnovation Awards http://9sig.co/1LpfpTD

The awards shine the spotlight on those who have leveraged open innovation (OI) to achieve significant breakthroughs, including:

Start-Up Disruption Award

Winner: Transcense, which pioneered a real-time captioning technology to empower deaf people to follow group conversations. The company is now licensing that technology to enable innovation in other industries.
Second Place: Lucid VR, which created a disruptive stereoscopic 3D camera that captures the world the way the human eye sees it. 
Third Place: Tyromer for their socially responsible and environmentally sustainable solution to scrap tire management.

Business Transformation

Winner: GE, which celebrates the power of the "Global Brain," and executed more than 100 OI and crowdsourcing initiatives in 2014. 
2nd Place: Eaton, which has innovated power management solutions by transforming its corporate culture, launching new cross-functional, multi-national operations, and collaborating with competitors.
3rd Place: BioAstra for growing a global business from a small laboratory—a feat accomplished by reorienting their original smart polymer technology for use across multiple industries.

Distinguished Contribution to Leadership in Open Innovation (awarded by the Haas School)

Winner: Honorable Pranab Mukherjee, President of India for championing OI, and promoting innovative thinking, practice, and policy-making while serving the world's largest democracy. Among many accomplishments, Mukherjee inaugurated the first Festival of Innovation at the Rashtrapati Bhavan, and mobilized higher education leaders to establish Innovation Clubs.

Dr. Henry Chesbrough, Faculty Director, Garwood Center for Corporate Innovation, Berkeley-Haas, who coined the term Open Innovation, said, "Companies are learning that being more open in their innovation processes can create stronger businesses and happier customers.  All of us know more than any one of us, and these companies are truly changing the way we all solve problems, compete and collaborate."

Through OI, organizations tap into a worldwide network of experts and exchange their internal knowledge with others for a strategic advantage. This scalable process empowers companies to continually transform themselves and solve complex challenges affecting humankind.

"We are thrilled to honor these innovators at a conference that fosters new collaborations between industry and academia. Working outside organizational boundaries is what open innovation is all about. Our own collaboration with the Berkeley-Haas team epitomizes this," said NineSigma CEO Dr. Andy Zynga.

Judges for this year's award came from Berkeley-Haas, Element-Y, IBM, RocketSpace, TechShop, Optum/United Healthcare and Siemens Technology-to-Business. For more details on the awards visit http://woic.corporateinnovation.berkeley.edu/awards/.

About NineSigma
NineSigma connects organizations with external innovation resources to accelerate innovation in private, public and social sectors. NineSigma has the largest open global network of solution providers and an extensive database of existing solutions spanning numerous industries and technical disciplines. In 2015, the company was again named to the Inc. 5000 list of fastest growing private companies in America. Learn more at www.ninesigma.com or www.ninesights.com.

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Jackie Lucas, Warner Communications, Jackie@warnerpr.com, 978-255-1159

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