KFAS Innovation Challenge 2016

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KFAS

Innovation

Challenge

2016

An applied executive education program designed in collaboration with the

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In today’s fast-paced

converging world, innovation

is increasingly the inspiration

behind sustainable business

advantage and a catalyst for

corporate growth.

The Kuwait Foundation for

the Advancement of Sciences

(KFAS), invites companies

in Kuwait’s private sector to

take advantage of this unique

training opportunity to develop

their company’s innovation

capabilities. Throughout the

program journey that starts

in Kuwait and concludes in

Cambridge, UK. KFAS aims to

develop innovation champions

to elevate innovation to a core

organizational capability.

Nominate your team for the

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Apply online: www.kfas.org/innovationchallenge

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KFAS has partnered with

world-class academic

institutions to bring

advanced Executive

Education to Kuwait’s

private sector with the

objective to develop

its capabilities through

provision of programs

carefully designed based

on latest advancements

and world-class experiences

that respond to the

changing needs of business.

We strongly believe in the importance of executive education and its role in enhancing business leaders’ expertise in management and leadership in particular through science, technology and innovation as it provides a wealth of knowledge, skills, and tools that facilitates further growth.

Dr Mohamed Salman

Director of Innovation & Enterprises Kuwait Foundation for the Advancement of Sciences

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Develop

innovation

champions

to lead your

company’s

growth

Program overview

The KFAS Innovation Challenge 2016 has been developed in collaboration with the prestigious University of Cambridge Judge Business School, specifically for Kuwait’s private sector companies. Cambridge Judge Business School has substantial capabilities and expertise in delivering customized executive education programs for

companies around the world. The program offers 10 Kuwaiti companies an opportunity to develop their innovation capabilities. Teams will learn from Cambridge experts in workshops held in Kuwait and Cambridge, UK. They will put innovation into practice through team-based action learning workshops, innovation projects and mentoring.

Selection for the KFAS Innovation Challenge 2016 is highly competitive. See page 14 for more information.

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Application deadline:October 31, 2015

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A well designed

three phase program,

covering core

innovation concepts

led by world-class

faculty and supported

by world-leading

innovators. Extremely

beneficial in gaining a

competitive edge

in your respective

market.

Mishari Fayez Al Jassim Head of Trading Ahli United Bank, Kuwait Participated in KFAS Innovation Challenge 2015

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Program

structure

The KFAS Innovation Challenge 2016 is a blended learning experience taught over a period of six months.

The program is centred around real business challenges that each team will bring where they need to innovate. That challenge will be explored throughout the program phases and teams will apply their learnings on their innovation projects.

The program starts in November 2015 with webinars and

workshops in Kuwait, followed by four months of mentoring on a bi-weekly basis. Mentoring will be provided by Cambridge Judge Business School in two forms, virtual and in person with a total of eight sessions schedule between January to April

2016. Teams will work on their innovation challenge with specific deliverables and are required to complete all deliverables to participate in the final module in Cambridge, UK, which will include a combination of site visits to innovative companies and lectures.

A dedicated Virtual Learning Environment (VLE) will be used throughout the program by the team, Cambridge faculty members, and mentors as a platform for ongoing debate, support and study, and a resource for innovation materials.

Teams are required to spend an estimated five hours of their time each week throughout the program on deliverables, including innovation readings, project work and assignments.

Qualification for the

final workshop in

Cambridge, UK

Teams will earn ‘Achievement Badges’ for the successful completion of program deliverables. To qualify for the final workshop in Cambridge, teams must earn the required Achievement Badges. Teams that successfully complete all parts of the program will receive a ‘Certificate of Achievement in Innovation’ and gain access to the Cambridge Judge Business School Executive Education alumni network.

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Program

components

Ideation Workshop Webinar Webinar Innovation team project Mentoring Mentoring Mentoring Mentoring Fundamentals of Innovation Workshop Making it Happen Workshop Cambridge UK

Champions

of

Innovation

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Company benefits:

• As a participating company you will benefit from the strategic and commercial impact of the learning and a specific innovation project developed for you by your team over the program journey.

• Accelerate organizational performance and develop sustainable competitive advantage.

• Learn best practices to

introduce innovation as part of your company’s culture.

• Demonstrate a commitment to future high-potential executives to develop innovation

capabilities.

Participant benefits:

• Gain a deep and practical understanding of innovation theories, approaches and the ability to translate an innovation vision into action.

• Develop the confidence and competencies to become an innovation champion within your company.

• Integrate new innovation strategies with your company strategies and successfully execute innovation initiatives.

Program cost

The cost of this unique training opportunity will be covered by KFAS. Companies will only be responsible for their team’s travel expenses, if they qualify to attend the final workshop in Cambridge, UK.

Put innovation at the top

of your company agenda

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Innovation is vital to

the success of

private-sector companies in

today’s global and

local economies. We

are delighted to be

working in partnership

with KFAS to deliver

this unique programme.

The KFAS Innovation Challenge 2016 is designed to develop innovative strategies and mind-sets to help participants add real value through innovation. We envisage the program will become a transformative experience for participants and their respective companies. We look forward to working with the teams in Kuwait and are eager to welcome them to Cambridge, UK.

Dr Javier Marcos

Director of Custom Programs and Senior Teaching Faculty

Cambridge Judge Business School Executive Education

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Innovation projects

The KFAS Innovation Challenge Program 2016 is underpinned by a highly practical approach to innovation learning. From the outset, participants will work in teams on self-generated innovation projects that will put into practice the different phases of the innovation process. The program will result in innovation initiatives that can add real value and impact to your company. Team projects will go through ideation and new concept formulation; innovation planning and execution; product and service prototyping;

testing and validating customer scenarios; and measuring the impact of innovation.

Cambridge mentors will

be assigned to your

project team

Cambridge mentors are faculty members or associates with in-depth experience in both innovation and mentoring individuals and teams, helping them to achieve their innovation goals. Cambridge mentors will offer highly personalized face-to-face as well as ‘virtual’ coaching and advice. They will ensure your team stays focused, on-track and fulfils their highest potential in terms of delivering their innovation project objectives. They will challenge your team to stretch themselves throughout the program and help them to develop innovation capabilities and skills on behalf of your company.

A transformative experience

that will positively impact

your team and company

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The KFAS Innovation

Challenge was an

extremely rewarding

program, combining

practical learning with

world class teaching.

Not only did we

have the opportunity

to interact with

faculty members,

we also gained

first-hand experience of

innovation from site

visits.

Dina Al Mahmood

Executive Manager - Corporate Banking Gulf Bank, Kuwait

Participated in KFAS Innovation Challenge 2015

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• Building a culture of innovation

• Building organizational innovation capabilities

• Innovation leadership and high performing teams

• Value proposition design

• Service and process innovation

• Generating new business models

• Design thinking and innovation

• Implementing innovation Nov 24, 2015 Executive Dinner Nov 17, 2015 Webinar Introduction to Ideation Nov 1-11, 2015 Interviews and Selection Sept 1 - Oct 31, 2015 Application time window Nov 25-26, 2015 Ideation and Creativity Workshop

Program Timeline

Innovation topics taught

on the program include

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Application deadline:October 31, 2015 Nov 25 – Dec 12, 2015 Inter-module Project and Mentoring Dec 1, 2015 Webinar Frameworks for Innovation Dec 13-17, 2015 Fundamentals of Innovation Workshop Jan – Apr 2016 Inter-module Project and Mentoring May 2-4, 2016 Team Presentations May 23-27, 2016 Making it Happen: Leading Innovation for Growth Workshop, Site Visits, Cambridge, UK

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Team selection

for the KFAS

Innovation

Challenge 2016

Participation is open to all Kuwaiti private sector companies through nomination of a company team with size ranging between 2 to 4 members. It is essential for successful participation that each team has excellent dynamics.

Selection criteria includes:

• Kuwaiti National.

• Motivated, ambitious, high-potential middle management across all functional areas.

• High proficiency in English.

• Teams with the potential to implement and drive innovation in your company.

Evaluation and assessment, including an in person team interview will be conducted. Teams will be assessed on the business challenge they bring forward to the program during the interviews. The 10 teams with the highest potential to achieve the program objectives will be selected.

No previous innovation experience is required.

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How to apply

• Select your team internally and secure management approval

• Visit the program webpage at: www.kfas.org/

innovationchallenge

• Fill-in the Team Application Form

• Download, complete, and submit the Agreement Document

• Download, complete, and submit the Business Challenge Document

Email all documents to: [email protected]

Important dates

Application opens: September 1, 2015 Application deadline: October 31, 2015

Team interviews and selection: November 1-11, 2015

For further information

Call: +965 22278191/2

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About KFAS

The Kuwait Foundation for the Advancement of Sciences (KFAS) is a private non-profit organization with over 38 years history of supporting the advancement of science and technology in Kuwait. KFAS’s work is overseen by a Board of Directors chaired by His Highness, the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. It is financially supported by Kuwaiti private sector companies through uninterrupted and generous contributions that amount to 1% of their annual net profit.

KFAS mission is to stimulate, support, and invest in initiatives and human resources that contribute to the building of a strong science, technology, and innovation system and culture and fostering an enabling environment. The initiatives include improving public understanding of science; strengthening innovation and research capacity and enhancing the enabling cultural environment; supporting the gifted and talented; translating knowledge into innovation; and nurturing a solid foundation for a national knowledge-based economy by developing private sector’s scientific, technological, and innovation capabilities. For more information: www.kfas.org

About Cambridge Judge

Business School Executive

Education

The University of Cambridge Judge Business School leverages the power of academia for real world impact to transform individuals, organizations and society. Since 1990, Cambridge Judge has forged a reputation as a centre of rigorous thinking and high-impact transformative education, situated within one of the world’s most prestigious research universities, and at the heart of the Cambridge Cluster, the most successful technology entrepreneurship cluster in Europe. The School works with every student and partner or client organization at a deep level, identifying important problems and questions, challenging and coaching people to find answers, and creating new knowledge. Cambridge Judge Business School Executive Education offers a wide range of open enrolment and customised programs for organizations, business professionals, managers, leaders, and executives from many different functions who strive for professional and personal growth. Programs are developed to help executives and organizations from both the private and the public sectors achieve operational excellence and results. For more information: