1. NEW INNOVATION SUPPORT SERVICES, case Finland Mervi Käki, CEO, Partner 20.5.2011

2. Finland

3. 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.

4. Innovation =  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  Commercially  In society  In well-being Exploited Competence-Based Competitive Advantage Source TEKEL

5. Innovation Circle COMPANIES PUBLIC SECTOR RESEARCH & EDUCATION Piloting Resources Experts

6. National Academy Universities Polytechnics Research Institutes Funding Agency EU Funds Business Angels VCs EU Authorities Ministries Municipalities High-tech Companies Traditional Industry Companies STPs Business Incubators Industrial Parks National Patents & Registrations Bureaus Invention Associations Regional development centers Invest-In Organizations Structures or interaction?

7. Business incubators Business incubators Regional or cluster development programs Regional or cluster development programs Support of growing companies Support of growing companies 1 – Innovation System Potential – Analysing 1 – Innovation System Potential – Analysing Legislation R&D Funding models Publicsupport 5-8 years 3-5 years on-going STP infrastructure & services STP infrastructure & services Education Innovation System Development 2 – Willingness to Utilise & Develop Potential – Joint Vision & Promotion 2 – Willingness to Utilise & Develop Potential – Joint Vision & Promotion

8. INTERACTION between people, companies, universities, research and region INTERACTION between people, companies, universities, research and region ideas Products, processes, services Inno System

9. Innovation Circle COMPANIES PUBLIC SECTOR RESEARCH & EDUCATION Piloting Resources Experts

10. Academia Authority STP and BI Companies Academia Authority Companies STP and BI Sir, we have problem…;) Short-Term Vision: STPs & BI as Public Service, making establishing and developing of SMEs easier Long-Term Vision: STPs & Business Incubators as developers of business friendly environment jointly with academia & authorities

11. How deep is the chasm? Who will build the bridge? Companies Entrepreneurs Universities Research institutes Public Sector

12. Knowledge Joy Expertise Innovations Recruitment - Faculty - Staff - Students Recruitment - Faculty - Staff - Students Research Teaching Societal service Knowledge Skills Degrees Quality of Life Quality of Life University Education Value Loop

13. Cross-Collaboration  Finland develops Multi-Disciplinary and Cross-Organizational collaboration approaches.  In Research  In Education  Basically in Everything! Technology Design Business I Energy Applied Materials Bio- and Chemical Processes Industrial Systems Management Technology in the Community Information and Communication Technologies Business Research Microtechnologies and Electronics

14. The Role Applied Reseach in the Innovation System RESEARCH INDUSTRY UNIVERSITIES Basic research Applied research Development work Source: VTT Creative Employees Innovative Customers Cooperative Companies User oriented Researchers

15. Basic Research Applied Research R&D for Business Business development Marketing Internationalization Scientific Technological Programs Sectors of Basic Research Sectors of Applied Research Funds? VC? Export Promotions STPs? Industrial Zones Where is Applied Research in Our Inno System?

16. Traditional Commercialization Process

17. Science & Education Applied Research R&D for Business Business Development 4% of innovative ideas generated by science Commercialization takes up to 10 years Business (relations to partners, customers, market demand) 96% of ideas in Europe Comes from business & can be commercialized in 2 years

18. Innovation Infrastructure Growth Oriented Innovative Companies Public & Private Financiers of Innovations Universities & Research Institutes Public Sector promoting innovations & entrepreneurship Technology Transfer Business Incubation Clustering Regional Inno- vation System Attraction of direct investments Fund Rising Premises & Services Innovation infrastructure – as key element of Regional Innovation System

19. Users Driven Innovation Model Markets Society Users Customers Education Science Fundament al Research Applied Research Companies ideas Joint Develop. Work Products Services

20. Tekes Funding is Heavily Concentrated on R&D in Small Companies Sources: Statistics Finland and Tekes Size of company by number of employees Share of Tekes funding in 2008, %

21. Growth Process. Innovation Ecosystem. Financing Home for development 100% Public 95% Public 100% Public 80% Public 40-60% Public 20% Public R&D Funding Invention Foundation Uni Inno Centres Corporate Inno Mgt Business Incubator Science & Technology Park

22. Classify Clients to Match Tailored Services and to Focus Development Work Growth Orientation High - Product-oriented Business Scalability - Mixture / project-oriented Low - Consultation “Technological SMEs” “Venture Capital Targets” “Prospects” Low High “an Engineering Company” Technical team, little management experience Local or national scope “an R&D laboratory” Technical team with some management experience National or international scope “a Born Global Company” Team with technical and business expertise Global scope Source: Technopolis Ventures

23. 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

24. Thank you for attention! Questions? Comments? InnoPraxis International Ltd. Technopolis Innopoli, Espoo, Finland www.innopraxis.fi, mail@innopraxis.fi