In yet another demonstration of the talents of Berkeley students and the many opportunities provided by the program, students were granted the prospect to take the skills developed in the classroom into industry and offer fresh perspectives to major multinational corporations. In the course UGBA 190T: Open Innovations in Business taught by Professor Solomon Darwin, Associate Director of the Program in Open Innovation, students were challenged to address real world business issues and to assess the current state of the business models of several Fortune 500 level firms about how they could help provide open innovation solutions to challenges in their current business paradigms. Students were charged to address these concerns while working alongside executives throughout the creative process, rising to this challenge in a final pitch competition among student teams to the executives of these firms.
The student team working with Standard Chartered Bank proved particularly innovative and effective in their presentation and approach in assessing the needs of the firm and offering solutions and particular and specific avenues the company could further cultivate. Executives were so impressed with the student team that they planned to explore the project in a context beyond the classroom.
Executives of Standard Chartered invited James An, Jeremy Fiance, Caleb Linden, David Motamed, and Stanford Stickney to present a refined presentation, which was well received and led to further development of the concept beyond the classroom. As clearly stated by Mr. Todd Schofield, Managing Director, SC Studios,