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Home Business Insights

Unlocking finance agility and competitive edge through open innovation

IMDA Open Innovation Platform by IMDA Open Innovation Platform
January 8, 2026
Unlocking finance agility and competitive edge through open innovation

Unlocking finance agility and competitive edge through open innovation

For Singapore’s CFOs in 2026, innovation is no longer a purely technical agenda—it’s a financial strategy. With 42% of senior leaders citing high operational and talent costs as the top barrier to innovation, traditional R&D models are proving fiscally unsustainable.

CFOs are increasingly turning to open innovation platforms like IMDA’s Open Innovation Platform (OIP) to convert fixed innovation costs into variable, outcome-based investments. This shift enables tighter control over capital allocation while de-risking exposure to unproven technologies.

The maturity of Singapore’s innovation ecosystem—evidenced by only 8% of leaders worrying about connectivity—means CFOs can focus less on infrastructure risk and more on ROI clarity, scalability, and speed-to-value. As finance teams take on greater leadership in digital transformation, structured, pilot-driven approaches offer a disciplined path to validate solutions before scaling.

In an era where every dollar must demonstrate strategic impact, open innovation is emerging as the CFO’s tool of choice to balance agility with accountability.

Click on the link to download the report and find out how your organisation can unlock agility and competitive edge through open innovation.

DOWNLOAD NOW

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Tags: Digital ROIdigital transformationfinance transformationIMDAOpen InnovationSingapore Finance
IMDA Open Innovation Platform

IMDA Open Innovation Platform

The Open Innovation Platform (OIP), powered by the Infocomm Media Development Authority (IMDA), is Singapore’s national platform for digital innovation and co-creation. Designed to help enterprises innovate with confidence, OIP provides structured, end-to-end support — from problem definition and crowdsourcing to prototyping and implementation. Through access to a global network of over 16,000 solution providers, enterprises can tap into diverse capabilities to co-develop custom solutions for real business needs. Since its launch in 2018, OIP has enabled over 400 enterprise challenges across key sectors including financial services, healthcare, logistics, and manufacturing, unlocking more than S$21 million in prize monies.

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