PORTFOLIO FOCUS STRATEGY ENABLER To be center of excellence in material and energy solutions to expedite sustainable growth Transform knowledge and expertise to revenue through innovation Seamless Alignment to Achieve 55% of Specialty Products New S-Curve Business Incubation Gain >100 MB Revenue from Innovation Solutions Advanced Material Energy Storage Health & Life Science Future Energy Circular Business VISION MISSION TARGET Material Solution Energy Solution Strengthening the Core Striving the Growth Sustaining the Future 4 Core Behavior Digitalization • Integrity & Ethics • Commitment & Accountability INNOVATION TO INTEGRATION 1 INCREMENT 3 INCUBATION 2 • Teamwork & Unity • Innovation The IRPC Innovation Center is dedicated to researching and developing innovations that will uplift the company’s core businesses. The goal is to increase the value of products by transforming them into specialty products and to create a competitive edge for the company. Focus Areas The center focuses on five key industries: • Automotive • Electric and electronics • Packaging • Construction • Medical and hygiene Innovation for Step Out Business The IRPC Innovation Center is also committed to developing innovations for step-out businesses. The goal is to identify and pursue new business opportunities for the company. The center uses a two-stage process to develop step-out innovations: • De Novo Program: The De Novo Program is a basic research program that tests the technical feasibility of innovative ideas and their potential to meet market needs. The program culminates in the development of a lab-scale prototype or a technology readiness level (TRL) of 1-4. • Sandbox Program: The Sandbox Program is an incubation program that helps to further develop and refine innovative ideas. The program culminates in the development of a field prototype that can be tested with customers in the context of a new business ecosystem. The program involves collaboration with relevant internal stakeholders and is similar to the incubation of a Start-up. The program encourages experimentation and learning from failure, with the goal of ultimately bringing innovations to market or developing them into new businesses for the company. IRPC Innovation Center Roadmap 2021-2030 Collaboration The center collaborates closely with various departments within the company, including research and development, sales and marketing, manufacturing, and business development. This collaboration ensures that the center’s innovations are aligned with the company’s overall business goals. Digitalized Innovation Process The center also uses a digitalized innovation process to screen and track potential innovations. This process ensures that only the most promising innovations are developed and commercialized. Team of Experts The center’s team of experts is composed of highly skilled and experienced professionals from a variety of disciplines. This team is responsible for conducting research, developing prototypes, and testing new products. Innovation to drive Business MKT IC OPS BD 120 Business-Driven Sustainability IRPC Public Company Limited
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