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Relational Capital for Growth Companies Project Reino 2013-2014 Kaisa Still, VTT Jukka Huhtamäki, TUT In collaboration with Innovation Ecosystems Network (IEN): Martha G. Russell, Stanford University, USA Neil Rubens, University of Electrocommunications, Tokyo Rahul G. Basole, Georgia Tech, USA

Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

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Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital. Presented in Creating value from intangible assets – implication for business and policy, the final seminar of Tekes innovation research program (2012-2014). Seminar program is available online: https://tapahtumat.tekes.fi/event/intangiblevaluecreation . The presented studies are conducted in collaboration with Martha G. Russell, Neil Rubens, Camilla Yu, Rahul C. Basole and other others affiliated with the Innovation Ecosystems Network (IEN).

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Page 1: Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

Relational Capital for Growth CompaniesProject Reino 2013-2014

Kaisa Still, VTT Jukka Huhtamäki, TUT

In collaboration with Innovation Ecosystems Network (IEN):Martha G. Russell, Stanford University, USA

Neil Rubens, University of Electrocommunications, TokyoRahul G. Basole, Georgia Tech, USA

Page 2: Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

The importance of relationships in innovation ecosystems

Theoretical approaches to exploring relationships

- Relational capital

- Social capital

Page 3: Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

• Data

• Analysis

• Visualizations

Data-driven approach

Page 4: Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

Example of a visualization of

relationalcapital:

Corporateinterlocks in

Tekes YIC and innovative non-

YIC(econometric

analysis in progress)

Page 5: Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

Topology-based clusters

Page 6: Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

Example of structural metrics:

Austin, Twin Citiesand Paris

Russell, M. G., Huhtamäki, J., Still, K., Rubens, N., & Basole, R. C. (2015). Relational Capital for Shared Vision in InnovationEcosystems. Triple Helix: A Journal of University-Industry-Government Innovation and Entrepreneurship. Submitted.

Page 7: Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

Example of relational metrics

• Case Supercell– twitter followers; wikipediadownloads

Data collection and analysis: Juha Nurmi, TUT

Page 8: Relational Capital for Innovative Growth Companies: Start-ups and Relational Capital

Novel indicators for relational capital toward supporting transformations

ELEMENTS OF RELATIONAL CAPITAL

IN THE CONTEXT OF ECOSYSTEMS

STRUCTURAL Strusture of the ecosystem as a wholeRoles of actors within the ecosystem

RELATIONAL Attractiveness of an ecosystem and its actors

COGNITIVE Visualizations as means to make relational capital explicit, feedback cycle supporting shared vision