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Enel and InnoCentive join forces through Open Innovation on path to achieve the SDGs

Thursday, May 17, 2018

Enel and InnoCentive will identify 50 technological challenges to be solved through InnoCentive’s network of over 380,000 problem solvers, with the final aim to boost Enel’s achievement of SDGs.

Ernesto Ciorra, Enel Group’s Head of Innovation and Sustainability (Innovability), and Craig Jones, Executive Chairman of InnoCentive, a leading open innovation and crowdsourcing company, signed an agreement with the main objective of supporting the achievement of Enel’s targets set for four of the 17 UN Sustainable Development Goals (SDGs): SDG 4 (quality education), SDG 7 (affordable and clean energy), SDG 8 (decent work and economic growth) and SDG 13 (climate action).

Under the agreement, InnoCentive and Enel will identify 50 technology-related challenges that can help the Group deliver operational efficiency and industrial growth as well as create shared value for Enel and its stakeholders, with the final aim to support Enel in its achievement of SDGs. Once the challenges are identified InnoCentive, in line with its “Challenge Driven Innovation” methodology, will launch a call to action to its network of over 380,000 problem solvers from the corporate, research, academic and start-up worlds to propose solutions to those challenges.

Through this partnership, we are reaffirming our practice of embracing ‘innovability’, bringing together innovation and sustainability, to address technological challenges whose solutions are expected to create value for Enel while tackling some of the world’s major issues, reflected in the four SDGs we are committed to. This is yet another example of the intrinsic relationship between innovation, sustainability and value creation, for us and our stakeholders. We cannot create value for ourselves if we do not create sound economic and social conditions for our stakeholders, but if we want to create this shared value we must innovate, and we cannot innovate if we are not open to input from the world around us. This is the virtuous circle at the foundation of Enel’s approach and perfectly embodied in the partnership with InnoCentive,” said Ernesto Ciorra, Enel’s Head of Innovability.

The agreement, which is set to run through 2021, was signed during the ninth edition of #EnelFocusOn in San Francisco, a livestream event titled “Open Innovability for a better world” attended by international influencers. The challenges will be cross-posted on both InnoCentive and Enel’s “Open Innovability” crowdsourcing portal (www.OpenInnovability.enel.com) where all the solutions will be collected. Enel will award the best solutions to each challenge with prizes ranging from monetary rewards to partnerships, following thorough expert evaluation.

 

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