Open Innovation – tools and mechanisms Caribbean Growth Forum – Fostering Innovation Cultures , Kingston, Jamaica

Sweden Norway Dem Iceland Finland Close Ties with Baltic countries: Estonia Latvia Lithuania GDP per capita doubled in 10 years Poland Germany UK Russia Close ties with Nordic Countries: Population: 25 Million GDP per Capita: $63,647 Longest boarder with Russia Main 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 In novation 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 m€ from industry m€ from the Government. Synergy & Collaboration with student-led entrepreneurial activities at Campus. 6  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 m 2 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 Program 2.Summer of Startups 3.Startup Life 4.Startup Sauna 5.Out to the Global Community! Aalto Venture Garage 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 Research and teaching Outreach, Tech Transfer etc. Extracurricular activities Schools and departments Aalto ARTS Aalto ECON Aalto SCI Aalto ELEC Aalto ENG Aalto CHEM ACE AaltoES AVG AVP core faculty + coordi- nation AALTO UNIVERSITY

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

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Start-up Sauna 7 weeks, 400 applicants globally, 20 teams Coached 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 up public 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 BARCELONA LISSABON Cities, municipalities and city regions: Amsterdam Barcelona Helsinki Istanbul Lamia Lisbon Manchester Rome Development and expert organizations Forum Virium Helsinki FutureEverything Waag Society Network organizations European Network of Living Labs Private companies Alfamicro Gnosis Computers ISA – Intelligent Sensing Anywhere Lynx Sanoma TAGES Universities and research institutes University of Tilburg ESADE CASPUR Instituto Superior Técnico Amsterdam University of Applied Sciences

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 students Project 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 universities Demola 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? 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 – 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 € rewards to students Check experiences from Demola projects on Youtube:

1)focused on engaging users, consumers, citizens in a shared innovation process 2)new tools with no previous history 3)relatively inexpensive and quick to establish 4)focused on entrepreneurship 5)build on shared value-creation – win-wins 6)have local impact with view on global scalability 28 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 Lindy Senior ICT Policy Specialist, World Bank GICT