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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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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
The importance of relationships in innovation ecosystems
Theoretical approaches to exploring relationships
- Relational capital
- Social capital
• Data
• Analysis
• Visualizations
Data-driven approach
Example of a visualization of
relationalcapital:
Corporateinterlocks in
Tekes YIC and innovative non-
YIC(econometric
analysis in progress)
Topology-based clusters
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.
Example of relational metrics
• Case Supercell– twitter followers; wikipediadownloads
Data collection and analysis: Juha Nurmi, TUT
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