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NEW INNOVATION SUPPORT SERVICES, case Finland Mervi Käki, CEO, Partner 20.5.2011 Finland Our experience: Practical experience in managing green-field Technopark projects. Practical experience of developing innovation support programs jointly with public authorities and private companies. Wide international experience of consulting in Europe, Russia, New Zealand and Botswana. Good collaboration with international innovation support organizations and investors to innovation infrastructure. Commercially In society In well-being Innovation = Exploited Competence-Based Competitive Advantage New knowledge, know-how, technology New product, technical solution, production process New (expert) service New design or brand New business model, value-chain, value-network New organizational, management or working life model New way of providing a public service Source TEKEL Innovation Circle COMPANIES RESEARCH & EDUCATION Resources PUBLIC SECTOR Structures or interaction? EU Authorities Ministries National Academy Municipalities Business Incubators Universities Polytechnics Research Institutes Funding Agency EU Funds High-tech Companies Traditional Industry Companies STPs Business Angels VCs Industrial Parks National Patents & Registrations Bureaus Invention Associations Regional development centers Invest-In Organizations Innovation System Development Public support Regional or cluster development programs 1 – Innovation System Potential – Analysing Support of growing companies R&D Education 2 – Willingness to Utilise & Develop Potential – Joint Vision & Promotion 5-8 years Funding models Legislation 3-5 years Business incubators STP infrastructure & services on-going Inno System Inno System ideas INTERACTION between people, companies, universities, research and region Products, processes, services Innovation Circle COMPANIES RESEARCH & EDUCATION Resources PUBLIC SECTOR Sir, we have problem…;) Companies Authority STP and BI Academia STP and BI Companies Short-Term Vision: STPs & BI as Public Service, making establishing and developing of SMEs easier Academia Authority Long-Term Vision: STPs & Business Incubators as developers of business friendly environment jointly with academia & authorities How deep is the chasm? Universities Research institutes Public Sector Who will build the bridge? Companies Entrepreneurs University Education Value Loop Knowledge Skills Degrees Recruitment - Faculty - Staff - Students Teaching Quality of Life Research Societal service Knowledge Joy Expertise Innovations Cross-Collaboration Finland develops Multi-Disciplinary and Cross-Organizational collaboration approaches. In Research Information and Communication Technologies Industrial Systems Management Bio- and Chemical Processes Energy Business Design I Technology in the Community Business Microtechnologies Research and Electronics Technology Applied Materials In Education Basically in Everything! The Role Applied Reseach in the Innovation System Basic research Applied research RESEARCH Development work Source: VTT Where is Applied Research in Our Inno System? Scientific Technological Programs Sectors of Basic Research Sectors of Applied Research Export Promotions Funds? VC? Basic Research Applied Research STPs? R&D for Business Industrial Zones Business development Marketing Internationalization Traditional Commercialization Process Idea R&D Prototyping Testing Launching to the markets 4% of innovative ideas generated by science Commercialization takes up to 10 years Science & Education Applied Research R&D for Business Business Development Business (relations to partners, customers, market demand) 96% of ideas in Europe Comes from business & can be commercialized in 2 years Innovation infrastructure – as key element of Regional Innovation System Premises & Services Growth Oriented Innovative Companies Regional Innovation System Business Incubation Innovation Infrastructure Universities & Research Institutes Technology Transfer Fund Rising Clustering Public & Private Financiers of Innovations Public Sector promoting innovations & entrepreneurship Attraction of direct investments Users Driven Innovation Model ideas Education Joint Develop. Work Markets Science Fundament al Research Applied Companies Society Users Customers ideas Research ideas Tekes Funding is Heavily Concentrated on R&D in Small Companies Share of Tekes funding in 2008, % Size of company by number of employees Sources: Statistics Finland and Tekes Growth Process. Innovation Ecosystem. R&D Funding 20% Public F i n a n c i n g 40-60% Public 80% Public 95% Public 100% Public Science & Technology Park 100% Public Business Incubator Invention Foundation Uni Inno Centres Corporate Inno Mgt H o m e f o r d e v e l o p m e n t Classify Clients to Match Tailored Services and to Focus Development Work Growth Orientation High “an R&D laboratory” Technical team with some “Venture Capital management experience Targets” National or international scope “Prospects” “a Born Global Company” Team with technical and business expertise Global scope “an Engineering Company” “Technological SMEs” Low Technical team, little management experience Local or national scope Low Business Scalability High - Consultation - Mixture / project-oriented - Product-oriented Source: Technopolis Ventures How Finland did it to success? 1. Education system 2. Applied research 3. Open for international experience, experts and competition 4. State priorities 5. Funding models 6. Technoparks 7. Encourage regions 8. Networking – promote cooperation 9. State role as a promoter 10. Strong role of civil servants and experts Thank you for attention! Questions? Comments? InnoPraxis International Ltd. Technopolis Innopoli, Espoo, Finland www.innopraxis.fi, [email protected]