Problem Owners on the OIP benefit from gaining access to a large community of Solvers with multi-disciplinary expertise, and can crowdsource for innovative ideas to support their digitalisation needs. A structured and iterative open innovation process facilitated by IMDA reduces their search costs and expands overall innovation capacity.
Problem Solvers who are part of the OIP benefit from having visibility of potential customers and curated problem statements. They have opportunity to apply to challenges, win prize monies, and co-innovate with Problem Owners to develop, validate and test their solutions. If successful, winning Solvers are also able to go on to commercialise and go to market jointly with Problem Owners, who may serve as reference customers for Singapore or the region.