Drum up new ideas with our Open Innovation Network
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: Drum up new ideas with our Open Innovation Network

Keep innovating, keep growing. In this series, we spotlight ideas and insights to help you get into the rhythm of innovation for 2024.

Did you know that the hit song “This Is What You Came For” recorded by Calvin Harris featuring Rihanna was co-written by Taylor Swift? When you have a diversity of talents coming together with a common vision, magic happens.

This holds true for music as well as business.

The Open Innovation Network (OIN) set up by Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA) functions as the stage for collaboration between corporates, entrepreneurs, innovators, and researchers to testbed and co-create solutions.

Collaboration with a common vision creates magic

Keys to hit a new high

Are you facing operational challenges?
Or have a promising idea but don’t have the time and resources to get it market ready?
Or perhaps your teams are too stretched to meet the deadline?

If any of these struggles ring true, open innovation will be music to your ears.

Key of A: Access Global Talent
Open innovation serves as a bridge, bringing together talents from around the world. You’ll be able to tap into a network of international talents. The solution you are seeking may already exist or have a prototype that is ready to be tested.

Key of B: Breadth of Expertise
Leveraging the open innovation ecosystem allows your company to tap onto a wide breadth of expertise from domain experts in different industries. Armed with specialised knowledge, these partners will be able to see the problem through a new lens to discover more creative solutions that are tuned just right for you.

Key of C: Chop Chop
In a competitive and fast-paced business landscape, speed is king. Open innovation accelerates time-to-market by enabling many tasks to be done in parallel, by multiple businesses or solution providers.

Open to new ideas?

A classic collaboration

Sentosa Development Corporation’s search for eco-friendly, self-sufficient accommodations to boost tourism in Singapore’s Southern Islands led them to participate in the 2021 Sustainability Open Innovation Challenge. Teaming up with Singapore-based company Big Tiny, who offers compact, eco-friendly accommodations to urban dwellers in idyllic locations, they came together to create Tiny Away Escape @ Lazarus Island. This came in the form of themed tiny houses dispersed across the island. The project received more than 600 visitors registering their interest in the tiny houses even before the official launch.

Tiny Away Escape @ Lazarus Island / Photo Credit: Big Tiny

Innovation doesn't have to be a solo act

The Open Innovation Network lets you collaborate with diverse talents from different industries, from all around the world – newer, better, faster.

Ready to create your next big hit? Find out how here.