Open Innovation: What Works, What Doesn't and Why

Innovation Roundtable

Kilts Center for Marketing

May 27, 2008: 5:30 PM - 7:00 PM

Open Innovation - reaching outside of your company to identify new sources of innovation - has received tremendous attention in recent years. For example, Procter & Gamble publicly stated a goal that 50% of new products launched will come from products developed outside of the company. But does the Open Innovation hype match reality? Evergreen IP (EIP) has been at the forefront of the Open Innovation revolution. Recently featured in 2 Harvard Business Review articles and the book "The Global Brain", EIP has worked with hundreds of inventors and dozens of major consumer goods companies to help execute open innovation strategies. In the process, they've learned first-hand what's working and what's not ... what supports open innovation, and what hinders it. John Funk and Dave Bayless will share practical insights on open innovation, and strategies for corporations and entrepreneurs looking to capitalize on this trend.


University of Chicago GSB Gleacher Center
Room 621
450 N. Cityfront Plaza Dr.
Chicago, Illinois

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Register Online

Deadline: 5/23/2008


5:30 PM-6:00 PM: Cocktails/Check-In

6:00 PM-7:00 PM: Lecture

Speaker Profiles

John Funk (Speaker)
Principal and Chief Product Scout, Evergreen IP

John is Principal and Chief Product Scout. John has been involved with new product development, innovation, licensing and entrepreneurship for almost 15 years. John raised over $30m in venture capital across the 3 companies he launched over the past 10 years, and all 3 companies had successful exits via IPO or M&A transactions (over $500m in value creation for shareholders). In prior lives he has worked for Bell Atlantic and the law firm of SkaddenArps, Slate, Meagher &Flom. John received his MBA from the Kellogg Graduate School of Management, graduated cum laude from Northwestern School of Law (concentration in IP law), and received his Bachelor of Arts from Northwestern University.

W. David Bayless (Speaker)
Principal, Evergreen IP

Dave focuses on building the company's collaboration and product development capacities. Dave has extensive experience supporting entrepreneurs as a lender, private equity investor, and strategic advisor. Most recently, he was actively involved in the launch or reorganization of numerous businesses including (a former member of the Inc. 500), RightNow Technologies (NASDAQ: RNOW), and Quris. Dave also founded the Pioneer Entrepreneurs project. Previously, he was a principal of Hoak Capital Corporation (the general partner of Cypress Capital Partners), a Dallas-based private equity firm. Prior to that, he was involved with the leveraged buyout and buildup activities of Citicorp in Dallas and Continental Bank in Chicago. Dave received a BS with highest honors from Montana State University and an MBA from the Kellogg Graduate School of Management at Northwestern University.


Jennifer Williams