WHAT IS THE INGENUITY CUP?

The Ingenuity Cup is a competition for global innovation teams to develop a groundbreaking innovation in 40 days. The competition was established to demonstrate to the world that innovation and ingenuity are one of humanity’s signature strengths. Moreover, it must not be an accidental idea but we can consciously develop innovation at will.

World Innovations Forum is a supporter of the 2021 Ingenuity Cup. For more information visit Ingenuity Cup.

AWARD CEREMONY

On June 22, a global community of innovative minds will virtually come together to support and evaluate the next generation of innovators. During the next 40 days, innovation teams will utilize the Neuro Ideation method and Deep Innovation Design Model to completely redesign the act of innovation. The results, groundbreaking innovations that were never before imagined and will completely disrupt their respective industries. Teams will present their innovations and it will be up to judges and the public to determine who will win the prestigious Ingenuity Cup, the cash prize, and the opportunity to compete for the 2025 Space Award.

EVENT AGENDA

• Discovering Groundbreaking Innovations – The Experience | Axel Schultze
• Innovation Team Presentations with Judging
• Disruptive Innovation – Is it Possible? | Prof. Dr. Matthes Fleck
• Space Perspective – Journey to the Edge of Space | TBD
• Announcement of the 2020 Ingenuity Cup and additional Awards

In the past 25 years, the vast majority of groundbreaking innovation was delivered by startups. Nearly none by corporate innovation centers. When getting disrupted, the corporation will initially lose 20 to 50% market share and 50% or even more on value. The loss of market share is not equal to revenue loss because disrupters increase the market and take almost all of the new market share. Innovation is rarely just a new product; it is almost always connected to different experiences, business models, and customer interaction models. Not knowing what is going on makes it so utterly difficult to compete.

In this Thought Leadership Series event, our CEO and founder of two companies today in the billion-dollar range will talk about the little yet defining differences and why looking at startups and how they work makes absolutely no sense. Copying startup behavior, creating fancy innovation labs, and organizing playful innovation sessions, while top unicorns fight with relentless execution to become no.1 in a market, are some of the reasons for not being successful.

Information and Registration coming soon!