Open Innovation – tools and mechanismsCaribbean Growth Forum – Fostering Innovation Cultures

18.6.2012, Kingston, Jamaica

Swed

en

Nor

way

Dem

Iceland

Finl

and

Close Ties with Baltic countries:•Estonia•Latvia•LithuaniaGDP per capita doubled in 10 yearsPoland

Germany

UK

Russia

Close ties with Nordic Countries:Population: 25 MillionGDP per Capita: $63,647

Longest boarder with RussiaMain channel of EU trade transport to Russia

Entry to North Europe: total: 80 million consumers

Science, technology & innovation system of Finland

© Advansis 2010

Innovation is changing

Innovation is global and its geography is shifting

Entrepreneurs generate growth & new jobs

Innovation process opens up - new business models enable parallel competition & collaboration

Innovation is interactive process - empowering users, consumers, clients, employees etc to participate in process

© Advansis 2010

New innovation engines enabling more inclusive innovation process are in need

Co-creating added value and better business models through shared /unused IPR

Co-creating Open Ecosystem for firms, academia and developers to generate entrepreneurial culture

Co-creating with customers and users for better products & services

• Merger of Helsinki University of Technology, Helsinki School of Economics and University of Art and Design Helsinki in 2010 as one “Innovation University”.• Aalto University Foundation started with the additional “start-up funding”: Facilities + 200 m€ from industry + 500 m€ from the Government.• Synergy & Collaboration with student-led entrepreneurial activities at Campus.

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Independent, privately funded student and post-graduate led community initiative

Activities to encourage high-tech, high-growth and scalable entrepreneurship

Independent, privately funded student and post-graduate led community initiative

Activities to encourage high-tech, high-growth and scalable entrepreneurship

Support for interdisciplinary and international co-operation in design and development

Location for several courses, research projects and start-up companies

Support for interdisciplinary and international co-operation in design and development

Location for several courses, research projects and start-up companies

700 m2 co-working space and seed accelerator for hackers and start-ups.

700 m2 co-working space and seed accelerator for hackers and start-ups.

Co-creating Open Ecosystem for firms, academia and developers to generate entrepreneurial culture

Aalto Entrepreneurship Education Building Blocks

1. Aalto Ventures Program2. Summer of Startups3. Startup Life4. Startup Sauna5. Out to the Global Community!

AaltoVentureGarage

School of Science

Aalto Ventures Program (AVP)Inspiration, Insight, and Experience to Build Bold Ventures

Aalto Ventures Program (AVP) develops and offers state-of-the-art education on scalable ventures and conducts scholarly research that has impact on teaching, research, and practice of venturing. The goal of AVP is to have a world-class venturing curriculum at Aalto University by 2013.

Researchandteaching

Outreach,TechTransfer etc.

Extracurricularactivities

Schools anddepartments

AaltoARTS

AaltoECON

AaltoSCI

AaltoELEC

AaltoENG

AaltoCHEM

ACE

AaltoES

AVG

AVP core faculty + coordi-nation

AVP core faculty + coordi-nation

AALTO UNIVERSITY

Summer of Startups – ”Intern Substitute”10 weeks, 40 students, Global.

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Start-up Sauna7 weeks, 400 applicants globally, 20 teamsCoached by Serial Entrepreneurs

Forum Virium Helsinki New service innovations – in cooperation with companies, public sector organizations and citizens. 

Co-creating with customers and users for better products/services

Opening uppublic data

• Boosts the ecosystem as a whole by fostering new business opportunities, innovations and economic growth

• Makes city governance more effective, saves public costs

• Increases transparency

Why?

CitySDK• Software toolkit for

developing digital services for pan-European city : opening up and harmonizing city interfaces, processes and standards.

• To enhance the between-city transfer of Smart City Applications in transport, tourism & citizen feedback.

• Tested with users in real-life environments in different cities.

“Write app for Helsinki, run it in Amsterdam”

Use case: Service Map of the city and feedback channel in a car navigator

”Whatever is needed to make developers’ life easier and development cycle faster”

Whatever makes developer’s life easier faster take-up of services

The consortium consists of 23 partners in 9 European states. In addition to experienced SMEs, large ICT and media companies and research partners the consortium includes eight cities, five being the Capital cities/regions.

CitySDK

HELSINKI

MANCHESTER

AMSTERDAM

ISTANBUL

LAMIA

ROME

BARCELONALISSABON

New Factory generates concrete actions and results.Demonstrations, prototypes, improvements,

experiences, companies and jobs, knowledge, venture financing…

• A tool of experimental industrial policy and national innovation strategy

• A comprehensive programme for expediting the innovative activity

• Combines the multidisciplinary know-how in the Tampere region with agile and market-driven innovation work

• Functional machines: Demola, Protomo and Suuntaamo, new machines are prepared and developed as necessary

Co-creating added value and better business models through shared IPR

New Factory Further development channels

Demola combines fresh ideas of students with needs and support from project partners to awesome demo products and services.

Refines ideas and Demola project results to business! In Protomo you and other experts get a new chance to go forward in your career as developers of successful innovation and entrepreneurs.

An open co-creation and user community in Tampere, providing user-base and user-centric methods for innovation projects, and a participation channel for citizens of the region.

What’s in it for the

stakeholders?

Demola for studentsProject team membership is based on motivation, inspiration and skills!

Demola provides• Collaboration and real world experience with

leading companies, start-ups and public organisations

• Inspiring atmosphere and New Factory facilities• An opportunity to get credit points and rewards

“Demola contributes to a new culture where students become active members and not just

passive receivers”

Demola for universitiesDemola is a practical and international learning environment

• Real and current topics for project courses

• Makes it possible to combine talented students from different universities to same teams!

• 90+ % of students says that Demola project supports studies

• BSc, MSc and PhD students are co-creating together!

Enables agile collaboration between• Degree programmes

• Competing universities and international partners

• Education, industry, SMEs and start-ups

Why companies see Demola as a valuable tool?

1

2

3

Boosting R&D process with demos

They find Demola as a way to build sustainable university-business collaboration

They use Demola for ecosystem engagement

4 Attracting the best young talents

Demola results 2009 – 2011• 900+ students

• 30+ % international students

• 72 % consider seriously to become an entrepreneur

• 180+ projects• 96 % of completed projects licensed by project partners

• 10+ % of students are headhunted

• New start-ups, Protomo teams and co-founders

• 450 000 € rewards to students

• Check experiences from Demola projects on Youtube: http://www.youtube.com/watch?v=_tX888Qnb2s

1) focused on engaging users, consumers, citizens in a shared innovation process

2) new tools with no previous history3) relatively inexpensive and quick to establish 4) focused on entrepreneurship5) build on shared value-creation – win-wins 6) have local impact with view on global scalability

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New engines: common Factors

© Advansis 2010

TAKE HOME MESSAGE: Innovation is not anymore defined solely by financial resources or industrial history but ability to engage stakeholders in a shared value development process.

Where and when will you establish your open innovation platform?

Thank you.

Ilari Patrick LindySenior ICT Policy Specialist, World Bank GICT

E-mail: ilindy@worldbank.org