CO-CREATION & CO-INNOVATION FUNDINGBUSINESS FINLAND
Senior Advisor (Business Collaboration & Development)Research ServicesUniversity of Helsinki
Joel Takala & Pasi Rautiainen 29.3.2019 / KUMPULA
BUSINESS FINLAND FUNDING INSTRUMENTS FOR RESEARCH ORGANIZATIONS
CO-CREATION CO-INNOVATIONTUTL
àDevelop the research idea and build the
consortia.àFunding for the
University.
àSeek for solutions with research and aim for international markets.àJoint project with the
University and companies
àNew business from research,
commercialization.(HIS responsible at UH)
à New instruments since 1.1.2018.à Continuous application time for Co-Creation and Co-Innovation fundings.
Fixed application time (twice a year, spring and autumn).
Commercialization funding
New instrument New instrument
• UH’s Co-Creation “champion” from the Faculty leads the discussions (follows the co-creation project plan).
• UH’s Research Services provides constant support (business development, legal support).
CO-CREATION LEADS TO CO-INNOVATION: WORKING METHOD
Start of the Co-Creationà Commitment for negotiationsà Getting familiar with each other & finding the right persons from the companies to talk with / decision makers
Intensive co-creation period 4–6 months:-Clearing up the common goal (vision)-Setting up the “design groups”-Planning of the work packages & tasks
Submission of Co-Innovation applicationsà Application for research from the universityà Commitment of R&D from the company, own project application from each company (min. 3 companies)à Submissions of all entities to be done at the same time
Joint Co-Innovation project for 2 years-Joint steeringgroup
Business Finland fundingdecisionsfor eachentity.
Funding for developing a research idea and for building cooperativenetworks (ecosystem). à Goal is to jointly create a Co-Innovation project
Criteria for Co-Creation funding:• The novelty and business potential of the idea.
• The quality of the plan (problem-solution-fit).
• The quality of the plan to create cooperation with
companies and the R&D consortium.
How to apply:• Contact Business Finland coaches for preliminary
discussions.
• Maximum 3 page written project plan +
filling the project (NABC format) to the
Business Finland online portal.
• Maximum 100 000 € for 4–6 month project.
• Fixed overhead 20%,
personnel sidecost 50%.
WHAT IS CO-CREATION?
If you are ready enough, you can skip the co-creation and go straight to co-innovation phase.
Benefit of co-creation. Why to applyfor it?• You’ll be able to find and build up
relationships with the companies.• Hiring of a project coordinator, runs
the co-creation process.• During the Co-Creation process
you’ll get Business Finland peopleto coach and guide your towardsCo-Innovation.
• Funding for R&D projects by companies and
research organizations, in which they jointlydevelop new knowledge and innovations for
new business needs.
à Strong ECOSYSTEM for international growth
• The participants in the joint action should have:A) a common goal (vision)B) the need to co-operate (market demand)C) a plan to reach the common goal
Criteria for funding:• Appropriate relevance and need (problem-solution-fit).• Credibility of joint action of consortia (best parties
to achieve results, new business opportunities for
companies).• Uniqueness, competition advantage,
market potential, societal impact, international co-operation.
WHAT IS CO-INNOVATION?
Co-Innovation:
”Research organizations develop new knowledge and solution models for new business purposes and companies develop innovations for the global market.
Funding advances the use of research knowledge, increases the creation of new Finnish export products and strengthens networks in ecosystems.”
–Business Finland
Technical details:
• Minimum of 3 companies (2 which have their own R&D project + 1 in-kind funding). à In reality should be at least 5–8 companies to form up an ecosystem.
• Max 2 years project time. • Funding level for the University 60–70%, 70% if internationalization e.g. research
exchange. Funding level for companies 50% for SMEs (to be negotiated with BF).• No call times (tbc, might be thematic calls/times).• Priority to those projects that have high-class R&D projects that support growth
and internationalization of the companies.
WHAT IS CO-INNOVATION?
CO-CREATION 4–6 MONTHS PROCESS
CommitmentActive personnels fromboth parties to devote lotof time
ListeningResearchers makesquestions and listenscompanies
LearningBoth parties learnfrom each other & about possibilities
Key elements of the co-creation process
Shared visionUniversity + companies-Open to changes
ResourcesAllocated researchers + coordination + support staff
Many iterationsà Leads to Work Packages & Tasks
BF Co-Innovation application
0 € commitment
Preliminary € commitment
Million € commitment
• The public research project should be ambitious and provide new research results for the benefit of companies new business needs.
• Research organizations and companies will jointly develop new knowledge and innovations.
• Funding accelerates the utilization of research data and the development of new Finnishexport products and strengthens networks.
CO-INNOVATION: ROLE OF THE UNIVERSITY
Research-New science
based knowledgeand solutions
Companies-New business
needs and purposes
Finnishconsortium
-Exports-Networks-New jobs-New sales
”Researchers try to understand the companies business needs by listening.”
• Finnish companies accelerate the utilization of research know-how and solutionsin their innovation activities while progressing with their own R&D goals. Project has to fit with the company’s own strategical goals.
• Company R&D projects are companies' own projects and are implemented in parallel with a public research project as part of a joint action.
• Company submits own R&D project proposal to Business Finland (and says in the additional field that the project is linked to the University’sproject).
CO-INNOVATION: ROLE OF THE COMPANIES
”Companies need to openly tell researchers about theircomplex business needs.”
• It’s all about constant and ongoing negotiations within university and companies. Can be separate with each company / or sometimes together with many companies (design groups around WP’s).
• Company needs to commit to the ongoing negotiations (R&D person).
• NDAs’ in early stage if needed.• Consortium agreement (joint common agreement with NDA + separate appendix with each
company).
• IPRs’: basically “who creates it, owns it”.• Applications to be submitted to BF at the same time (university + companies). Project
starts at the same time which each entity.
HOW TO PREPARE A SUCCESSFUL JOINT APPLICATION?
• Before you start to apply for co-creation or co-innovation: It is very important that you contact Business Finland personnel.
• Contact & tell what is your idea about à BF will guide you to take the right next steps.
• Also all of the latest guidelines for these funding types are available through BF personnel and website.
• https://www.businessfinland.fi/en/for-finnish-customers/services/funding/research-organizations/in-brief/
CONTACT BUSINESS FINLAND
EXTRASLIDES
BUSINESS FINLAND
Spillovers
Inputs
Services
Funding
Themes
Customers
Market failures (networks, information, finance, climate change)
Activities
Funding increasecompanies’ own
funding
Capabilities in business, intenarnationalization
and r&d increase
Amount of customersand networking
(domestically and globally) increase
Results
Increase of turnover, jobs and exports
High value addedproducts and servicesimprove productivity
New companies, trial platforms and
ecosystems are born in Finland
Entry of Finnishcompanies in the global
market increase
Impacts
Business scalabilityand economies of scale
improve
Trial platforms and ecosystems attract newglobal actors to Finland
Finnish companies havefocal involvement in global ecosystems
Goals
Radical innovations and new business models
renew economicstructure
Impacts on society
Well-being of citizens and environment
Impacts spill widely over thesociety and economy, and improve productivity and
sustainable economic growthCreating new markets
Global growth of companies
World-classecosystems
Competitivebusiness
environment
Companies acquirenew information about
global challenges
IMPACTMODELIN BUSINESS FINLAND