NineSigma Launches New Open Innovation Assessment Tool

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Online Scorecard Helps Companies Chart their Strengths and Areas for Development in Open Innovation.

The 3 Tiers of Collaborative Innovation

Using key indicators, the scorecard is a quick way to get a snapshot of a company’s capabilities. In addition to an OI “score”, the tool provides recommendations for how to address the gaps identified.

NineSigma, the leading provider of open innovation solutions, today announced the launch of their new online OI Scorecard for innovation and business leaders to quickly assess open innovation capabilities. The web-based tool provides an initial evaluation of a company's ability to collaborate as part of their innovation process, both with internal and external partners. The tool also assesses the organizational structure and systems that are needed to effectively support collaborative innovation.

"Understanding where you are in your open innovation efforts is a critical first step to charting a path forward," said Matthew Heim, president of NineSigma. "Companies at varying levels of open innovation maturity come to us looking for better results from their open innovation investments. We help them build on their strengths while addressing their needs for improvement. Using key indicators, the scorecard is a quick way to get a snapshot of a company's capabilities. In addition to an OI "score", the tool provides recommendations for how to address the gaps identified."

Specifically, the open innovation tool measures a company's ability to collaborate on innovation in three tiers: within and across the company, with the company's existing external network, and with the global innovation community. Capabilities are evaluated on two axes that measure the extent to which the company engages with innovation partners and how well enabled they are to assimilate resulting knowledge and solutions into their organization.

Business and innovation leaders interested in assessing their company's open innovation capabilities can access the NineSigma OI Scorecard tool at http://www.ninesigma.com/OIscorecard.aspx. The web-based survey takes approximately 5-7 minutes to complete.

About NineSigma
NineSigma helps Global 1000 companies and other innovation-driven entities Engage with the global innovation community and Enable their organizations to more effectively adopt external knowledge and resources. Companies such as Kraft, Xerox, Philips, Unilever, Denso and Suntory utilize NineSigma's open innovation services to solve immediate challenges, fill product pipelines and integrate new knowledge and capabilities into their organizations. NineSigma has the largest open global network of solution providers and an extensive database of existing solutions that spans all industries and technical disciplines. The company has operations in the United States, Europe and Asia. Learn more about NineSigma at http://www.ninesigma.com/.

Media Contact: Bronwyn Monroe, 216-295-4822.

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