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 SMEs - - companies - government - investors researchers - employees -

The power of open innovation and competitions can solve that problem

State of the prize industry: what did government leaders and innovators tell us they want? Rewarding excellence 70% Focusing on a challenge As part of our EU Commission project, 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”)

Independent survey confirms: innovators want challenges to invent new solutions for you Rewarding excellence 70% Focusing on a challenge 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.

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

Our current and past competition clients

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

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

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.

How to reach us? Simon Schneider CEO Telephone: 0044 (0) We are on GSA Schedule: GS-07F-0638X OmniCompete Ltd. 57 Gloucester Place London W1U 8JJ UK OmniCompete Inc c/o NAAB 3200 East 12 Mile Road Warren, MI USA