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THE EUROPEAN NETWORK OF LIVING
LABS - THE FIRST STEP TOWARDS
A NEW INNOVATION SYSTEM!
Global Opportunities through Borderless Living Labs
TUIJA HIRVIKOSKI, PhD
DIRECTOR, Laurea UAS, Finland
PRESIDENT, ENoLL, Brussels
OSPP member
@openlivinglabs
#LivingLabs
Together we are stronger!
Laurea | www.laurea.fi| https://www.laurea.fi/en/research-development-and-innovations/laurea-living-labs
Yhteistyön voimalla | https://www.laurea.fi/laurea/laurea-organisaationa/strateginen-liittouma-haaga-
helia-laurea-metropolia/international-projecttatami
President of European Network of Living Labs | http://www.openlivinglabs.eu/ |
Open Innovation Luminary Award 2016 , for Open Innovation Infrastructure Creation
https://ec.europa.eu/digital-single-market/en/news/innovation-luminary-awards-ceremony-2016-open-
innovation-20-conference
Member of the Open Science Policy Platform (OSPP)
http://ec.europa.eu/research/openscience/index.cfm?pg=open-science-policy-platform
ATT-kv-ryhmä | https://avointiede.fi/home
Member of Horizon interim evaluation expert group (SwafS/RRI)
https://ec.europa.eu/programmes/horizon2020/en/h2020-section/science-and-society
Bridging the investment gap: How to tackle the challenges? Committee of Region Opinion
http://cor.europa.eu/en/events/Pages/investment-gap.aspx
Member of European Innovation Partnership on Active and Healthy Ageing
https://ec.europa.eu/eip/ageing/home_en
Member of Uusimaa Regional Coordination Committee | http://www.uudenmaanliitto.fi/en |
https://www.helsinkismart.fi/
Tuija.Hirvikoski(at)laurea.fi
Together with an eagle eye
and a deeper understanding!
3
Finland is the best country in…
1. The Least Corrupt Government
2. Most Heavy Metal Bands p.c.
3. Best Education System in World
4. Heaviest Coffee Consumption
5. Least Failed State in the World
6. Most Saunas per Capita (3,3M)
7. Best Country to Be a Mother
8. Drinking the Most Milk p.c.
9. Helsinki is the most livable city
10. Helsinki is the Most Honest City
11. Best Mobile Games
12. Borrowing the Most Books from Public
Libraries p.c.
We are also pretty good at:
1. 2nd in Happiness (damn Danish!)
2. 3rd in Global Competitiveness (SW, SG)
3. 2nd best workers (WEF, after SW)
4. 1st shared in newspaper reading
5. 2nd in gender equality (after Iceland)
European Network of Living Labs and the 3Os
strategy: THE FIRST STEP TOWARDS A NEW
INNOVATION SYSTEM!
The year is (2030) 2017 - The Lab is here now
“Open Science has become a reality and is offering a whole
range of new, unlimited opportunities for research and
discovery worldwide. Scientists, citizens, publishers,
research institutions, public and private research funders,
students and education professionals as well as
companies from around the globe are sharing an open,
virtual environment, called The Lab.”
“OI2 gaining momentum thanks to new large-scale trends such as
digitalisation with new cross-sector value chains and
infrastructures”
5
Von Hippel: 70% of innovations
come from the markets and
customers.
Harmaakorpi: Science
and technology driven
innovation 4% and
Practice
based
innovation
96%
ENoLL: Empower Everyone
to Innovate!
http://www.openlivinglabs.eu/
www.Laurea.fi
With an
Innovation vouchers
(5 000 €)
SMEs get innovation
guidance from Laurea,
other HEIs and service
providersENoLL : Empower
SMEs to Innovate!
www.tekes.fi
Everyone Must Own their Share in the Innovation
Revolution
Happy 25th Birthday Linux!
Botnia Living labs
ENoLL
MEMBERSHIPS
INNOVATION
PARTNERS
Entry-level members
selected through ENoLL
accreditation process
ADHERENT
MEMBERS
Full ENoLL members having
voting rights and a wide
range of benefits
Innovation beneficiaries and
supporters
EFFECTIVE
MEMBERS
ENoLL 11th WAVE
DEADLINE: APRIL 7th 3pm CET
http://www.openlivinglabs.eu/
ENoLL 11th WAVE
As a part of the 11th Wave of membership we
warmly invite you to submit your application to join
our ever-growing community of innovation actors
where you can share, connect, learn from and
collaborate with Living Labs from across the world.
Interested organisations will have to prove their
capacity to operate as a Living Lab and/or act as an
innovation service provider through the Living Lab
methodology and/or increasingly make use of Living
Lab methods in their everyday operations. More
information about evaluation criteria, terms and
conditions can be found in the 11th Wave brochure.
We advise to read it carefully before filling out the
application form.
DEADLINE: APRIL 7th 3pm CET
Living Lab name
Host organisation name
Web address
Applicant country
Contact details
For pre-registration please send
the following to info@enoll.org
OpenLivingLab Days 2017
WHAT: 4 day long summit of the worldwide Living Lab community
including interactive sessions, “learning-by-doing” workshops,
discussions, excursions and off-site visits
AIM: Giving the participants a wider insight about models, theories
and technologies related to Living Labs
WHERE: Krakow, Poland, hosted by Krakow Technology Park
WHEN: 29 August – 1 September
LLs as Local Open Innovation
Ecosystems
Shorten the time from RDI and product design to
market
• multi-stakeholder, end-user driven innovation
• Innovation design with, for and by end-users
• real-life experiments
>>
New entrepreneurial spirit and
Increase potential for public and private
investments
LLs as Local Open Innovation
Ecosystems
Orchestration, interpretation, facilitation and
matchmaking is required to effectively bridge the
gaps between needs, research, innovation, skills
and investment…
As orchestrators and matchmakers the local living
lab clues together the needs with the scientific and
technological knowhow about what is possible.
LLs as Local Open Innovation
Ecosystems
living labs have the capacity and needed
methods
• to orchestrate the co-innovation and
experimentation processes,
• to assess/validate the solution’s impact and
• to create future business and value models.
Based on a sample of 14 companies, results also showed that these living
lab insights supported the decision making process within these companies,
thus reducing risk in their business innovation track, product development
activities and go-to-market strategy. The quantified economic effects
showed significant impact on investments, revenue and job creation.
Benefits to multiple stakeholders
Enhancing innovation by new means
Benefiting contexts; real-life environments
Opening new business opportunities
• Benefits to companies
– Cost efficient access to end user data/experience
– Earlier product change/modification will be cheaper for the company
– Tie customers and users to a company and its activities
• Benefits to users
– Possibility to influence
– Solve problems of everyday life, which is otherwise unsolvable
– More functionable product or new user driven products
• Benefits to developers
– Supports core activities, brings resources and possibilities
• Benefits public financiers
– Support objectives of financiers
Leminen, S. (2015). Q&A. What Are Living
Labs? Technology Innovation Management
Review, Vol. 5, No. 9, pp. 32-38.
Leminen, S. (2015). Living Labs as Open
Innovation Networks- Networks, Roles and
Innovation Outcomes. Aalto University. Helsinki,
Finland. Doctoral dissertation.
Trans-national Living Labs
Benefit form the European single market and
global take up of innovation:
• Use ENoLL for simultaneous transnational
product co-design, experimentation and
validation
• With ENoLL, Co-create new standardized
protocols, models and localization services for
cross-national pilots, innovative funding and
future business models
Living Labs Examples
Finland and (Laurea) Living Labs
ENoLL, the network of Living Labs
Grounded
• In Finland:
• Law: subsidiarity principle & universities’ third task & Impact driven RDI
and education
• Government’s strategy and experimentation policy
• In EU, G7, G20: Open science and open innovation (3Os, OI2.0)
Results
In Finland 1) OECD Pisa, 2) WEF ROI on HEI, 3) Open Science, Open
Innovation and Businesses: Support Nokia, then Gamification and now
future medical and eHealth companies and start-ups
The Helsinki Manifesto
20.11.2006
Living labs co-create
& experiment solutions
with multiple stakeholders iCapital
www.laurea.fi
Laurea UAS co-creating and experimenting with the Awarded
Learning by Developing and Living Labs Operational Models
The most awarded UAS in Finland
Tuija Hirvikoski, director at Laurea
ENoLL president, OSPP member
PhD (Industrial Management) | MSc (Public Administration) | MSc (Physical Education)
Research, Development & Innovation
Regional Services
Service Design, Co-creation and
Experimentation in Living labs at every
field of expertise
Health and social integrity
Service business
Coherent security
Entrepreneurship and
innovations
Future Learning
Variety of regional services for workplace
development
Personnel development
Continuing education
Personnel training
Students working together with the business
world
Student projects
Theses
Internships
23IECEU
Cpex
Evaluation
ROSERobotic
Co-created
healthier
Uusimaa
IEER
Hyvinkää
simulated
hospital
KYKY
BarLaurea
Caring and
Sharing
Networks
WeLiveTeknologialainaam
o
DOB
BELT
TALSINKI
INACHUS
KaTuMetro
POLKU
HoivaDigi COPE
ZET
EUCISE2020
USCO
CoCo Tool Kit IDeALL mHealth
Booster
Silver Stories
Laurea develops and uses Human Centric Service Design
& Open Innovation, Experimentation and Living Labs
approaches to support companies, public players and
civic society
In Finland,
high level of
1) Investment
in RDI,
2) innovation
outputs
(licence and
patent
revenues),
3) high-skilled
human
resources
Research and Innovation
performance and Horizon
2020 country
participation for Finland
http://ec.europa.eu/research/
horizon2020/index_en.cfm?pg
=country-profiles-
detail&ctry=finland
Finland has to help hte SMEs:
• to transform research into high-tech
products, and
• to scale up
Lessons learnt
• Change focus from knowledge transfer to
innovation and business co-creation
• Scale-up from local to trans-regional and trans-
national Living Labs
• Benefit from greater international RDI, business
and funding cooperation and exchange of
knowledge
In practice, we’re building and
supporting new health and life-science
ecosystems
Nationally and Locally
• “Finland your testbed for next generation research and
medical innovation”
• Health Capital Helsinki
• Finnish Life Science business ecosystem and services in
Helsinki region
Internationally
• ENoLL helps to benefit from greater international RDI,
business and funding cooperation and exchange of
knowledge
http://www.slideshare.net/SitraHyvinvointi/finland-your-testbed-for-
the-next-generation-research-medical-innovation
29
Finnish Life Science related
companies in Helsinki region
Clinical diagnostics
Health IT
Imaging & non-invasive measurement
Innovative food
Genomics
Security Companies in Helsinki Region
Life science and health business
in Helsinki Metropolitan
42 600
jobs
11 700
jobs
€ 20,6+ B
+15%
growth
(volume of revenue 2010-13)
€ 5,5+ B
+16%
growth
(volume of revenue 2010-13)
HEALTH
LIFE
SCIENCE
Health tech is the leading hitech export field
in Finland*
HEALTH TECH
EXPORT
~ € 1,9+ B
(2015)
GROWTH OF
EXPORT
6,6 %
(2014-15)
*Source:
The Health Capital Helsinki Alliance is
formed by University of Helsinki, Aalto
University, HUS and City of Helsinki
The objective of Health Capital Helsinki
(HCH) is to become the leading research,
innovation, company collaboration and
business center of life science and health
technology in Northern Europe
Service builder -> One stop shop
Business builder
Health Ecosystem builder
Tuula Palmén, Ph.D, Head of Health Capital
Helsinki Office
Health Capital Helsinki
33
Concept
Own money :
0…1Me
Customer
recruitment
scalability Early growthDeveloping
business idea
Activation
work
ICTICTCLEAN-BIO/
B2BB2CTECHMED
FASTGROWCOMPANIES
OTHER
SMEs
VTT,
Universities,
other
research
institutes
Applied
research in
industry
(spin-offs)
Students
(universities,
polytechnics)
Inventors
People under
the layout
process (out-
placement)
Other private
people
Industry”Investin”StudentsResearch
Foreigners in
Finland (or
invest in
activity)
Business
idea
Company
establishment
Early stage financing Growth financing
Fast growth
Funding sources in Helsinki area
Tekes: TULI-
funding “From
the research
to business”
5…200k€
Tekes R&D-fudning:
grants&loans 0,1..1M€
Private VCs
0,5..2 M€
Finnish Business
Angels
0,1…1 M€
TE-centrum:
Start-up funding for
private person
5k€
Helsinki:
Support for
Consulting
ELY-centrum: Project funding
50..100k€
Finnvera loans
for new companies
5..35 k€
ELY-centrum:
Support for consulting
Finnvera loans
50-500ke
Tekes NIY-funding
(prepare-,1-, 2-phase 50ke-1Me)
Public VCs 0,1..0,5 M€
ELY-
centrum:
Project
funding
5..50 Ke
Crowfunding (Invesdor Oy)
50..500 k€
34
ICTICTCLEAN-BIO/
B2BB2CTECHMED
FASTGROWCOMPANIES
OTHER
SMEs
Service providers in Helsinki area
Startup
Sauna
Public incubators/accelerators:
Spinno, NewCo Accelerator
Aalto SUC
AaltoES,
HankenES,
LaureaES, HY
ES, HankenES,
Metropolia EC,
ThinkCo Hki…
Aalto IPR unit,
VTT Ventures,
HIS (HY)
Forum Virium
Helsinki,
Innovation
Institute in Vantaa
Industry specific
programs, such as
AppCampus,
etc. (mostly
project funded)
EIT Digital business development (Aalto)
Yritys
Helsinki
(NewCo)
Yritys
Espoo
Vant.
UYK
MSstartup
track
New ideas
VTT,
Universities,
other
research
institutes
Applied
research in
industry
(spin-offs)
Students
(universities,
polytechnics)
Inventors
People under
the layout
process (out-
placement)
Other private
people
Industry”Investin”StudentsResearch
Foreigners in
Finland (or
invest in
activity)
Concept Customer
recruitment
scalability Early growthDeveloping
business idea
Activation
work
Business
idea
Company
establishment
Early stage financing Growth financing
Fast growth
Thank you!
Tuija.Hirvikoski@Laurea.fi
www.openlivinglabs.eu
@openlivinglabs
info@enoll.org

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Global Opportunities through borderless Living Labs at Cantillon 2017

  • 1. THE EUROPEAN NETWORK OF LIVING LABS - THE FIRST STEP TOWARDS A NEW INNOVATION SYSTEM! Global Opportunities through Borderless Living Labs TUIJA HIRVIKOSKI, PhD DIRECTOR, Laurea UAS, Finland PRESIDENT, ENoLL, Brussels OSPP member @openlivinglabs #LivingLabs
  • 2. Together we are stronger! Laurea | www.laurea.fi| https://www.laurea.fi/en/research-development-and-innovations/laurea-living-labs Yhteistyön voimalla | https://www.laurea.fi/laurea/laurea-organisaationa/strateginen-liittouma-haaga- helia-laurea-metropolia/international-projecttatami President of European Network of Living Labs | http://www.openlivinglabs.eu/ | Open Innovation Luminary Award 2016 , for Open Innovation Infrastructure Creation https://ec.europa.eu/digital-single-market/en/news/innovation-luminary-awards-ceremony-2016-open- innovation-20-conference Member of the Open Science Policy Platform (OSPP) http://ec.europa.eu/research/openscience/index.cfm?pg=open-science-policy-platform ATT-kv-ryhmä | https://avointiede.fi/home Member of Horizon interim evaluation expert group (SwafS/RRI) https://ec.europa.eu/programmes/horizon2020/en/h2020-section/science-and-society Bridging the investment gap: How to tackle the challenges? Committee of Region Opinion http://cor.europa.eu/en/events/Pages/investment-gap.aspx Member of European Innovation Partnership on Active and Healthy Ageing https://ec.europa.eu/eip/ageing/home_en Member of Uusimaa Regional Coordination Committee | http://www.uudenmaanliitto.fi/en | https://www.helsinkismart.fi/ Tuija.Hirvikoski(at)laurea.fi Together with an eagle eye and a deeper understanding!
  • 3. 3 Finland is the best country in… 1. The Least Corrupt Government 2. Most Heavy Metal Bands p.c. 3. Best Education System in World 4. Heaviest Coffee Consumption 5. Least Failed State in the World 6. Most Saunas per Capita (3,3M) 7. Best Country to Be a Mother 8. Drinking the Most Milk p.c. 9. Helsinki is the most livable city 10. Helsinki is the Most Honest City 11. Best Mobile Games 12. Borrowing the Most Books from Public Libraries p.c. We are also pretty good at: 1. 2nd in Happiness (damn Danish!) 2. 3rd in Global Competitiveness (SW, SG) 3. 2nd best workers (WEF, after SW) 4. 1st shared in newspaper reading 5. 2nd in gender equality (after Iceland)
  • 4. European Network of Living Labs and the 3Os strategy: THE FIRST STEP TOWARDS A NEW INNOVATION SYSTEM! The year is (2030) 2017 - The Lab is here now “Open Science has become a reality and is offering a whole range of new, unlimited opportunities for research and discovery worldwide. Scientists, citizens, publishers, research institutions, public and private research funders, students and education professionals as well as companies from around the globe are sharing an open, virtual environment, called The Lab.”
  • 5. “OI2 gaining momentum thanks to new large-scale trends such as digitalisation with new cross-sector value chains and infrastructures” 5
  • 6. Von Hippel: 70% of innovations come from the markets and customers. Harmaakorpi: Science and technology driven innovation 4% and Practice based innovation 96% ENoLL: Empower Everyone to Innovate! http://www.openlivinglabs.eu/ www.Laurea.fi With an Innovation vouchers (5 000 €) SMEs get innovation guidance from Laurea, other HEIs and service providersENoLL : Empower SMEs to Innovate! www.tekes.fi Everyone Must Own their Share in the Innovation Revolution
  • 9. ENoLL MEMBERSHIPS INNOVATION PARTNERS Entry-level members selected through ENoLL accreditation process ADHERENT MEMBERS Full ENoLL members having voting rights and a wide range of benefits Innovation beneficiaries and supporters EFFECTIVE MEMBERS ENoLL 11th WAVE DEADLINE: APRIL 7th 3pm CET http://www.openlivinglabs.eu/
  • 10. ENoLL 11th WAVE As a part of the 11th Wave of membership we warmly invite you to submit your application to join our ever-growing community of innovation actors where you can share, connect, learn from and collaborate with Living Labs from across the world. Interested organisations will have to prove their capacity to operate as a Living Lab and/or act as an innovation service provider through the Living Lab methodology and/or increasingly make use of Living Lab methods in their everyday operations. More information about evaluation criteria, terms and conditions can be found in the 11th Wave brochure. We advise to read it carefully before filling out the application form. DEADLINE: APRIL 7th 3pm CET Living Lab name Host organisation name Web address Applicant country Contact details For pre-registration please send the following to info@enoll.org
  • 11. OpenLivingLab Days 2017 WHAT: 4 day long summit of the worldwide Living Lab community including interactive sessions, “learning-by-doing” workshops, discussions, excursions and off-site visits AIM: Giving the participants a wider insight about models, theories and technologies related to Living Labs WHERE: Krakow, Poland, hosted by Krakow Technology Park WHEN: 29 August – 1 September
  • 12.
  • 13. LLs as Local Open Innovation Ecosystems Shorten the time from RDI and product design to market • multi-stakeholder, end-user driven innovation • Innovation design with, for and by end-users • real-life experiments >> New entrepreneurial spirit and Increase potential for public and private investments
  • 14. LLs as Local Open Innovation Ecosystems Orchestration, interpretation, facilitation and matchmaking is required to effectively bridge the gaps between needs, research, innovation, skills and investment… As orchestrators and matchmakers the local living lab clues together the needs with the scientific and technological knowhow about what is possible.
  • 15. LLs as Local Open Innovation Ecosystems living labs have the capacity and needed methods • to orchestrate the co-innovation and experimentation processes, • to assess/validate the solution’s impact and • to create future business and value models.
  • 16. Based on a sample of 14 companies, results also showed that these living lab insights supported the decision making process within these companies, thus reducing risk in their business innovation track, product development activities and go-to-market strategy. The quantified economic effects showed significant impact on investments, revenue and job creation.
  • 17. Benefits to multiple stakeholders Enhancing innovation by new means Benefiting contexts; real-life environments Opening new business opportunities • Benefits to companies – Cost efficient access to end user data/experience – Earlier product change/modification will be cheaper for the company – Tie customers and users to a company and its activities • Benefits to users – Possibility to influence – Solve problems of everyday life, which is otherwise unsolvable – More functionable product or new user driven products • Benefits to developers – Supports core activities, brings resources and possibilities • Benefits public financiers – Support objectives of financiers Leminen, S. (2015). Q&A. What Are Living Labs? Technology Innovation Management Review, Vol. 5, No. 9, pp. 32-38. Leminen, S. (2015). Living Labs as Open Innovation Networks- Networks, Roles and Innovation Outcomes. Aalto University. Helsinki, Finland. Doctoral dissertation.
  • 18. Trans-national Living Labs Benefit form the European single market and global take up of innovation: • Use ENoLL for simultaneous transnational product co-design, experimentation and validation • With ENoLL, Co-create new standardized protocols, models and localization services for cross-national pilots, innovative funding and future business models
  • 19. Living Labs Examples Finland and (Laurea) Living Labs ENoLL, the network of Living Labs
  • 20. Grounded • In Finland: • Law: subsidiarity principle & universities’ third task & Impact driven RDI and education • Government’s strategy and experimentation policy • In EU, G7, G20: Open science and open innovation (3Os, OI2.0) Results In Finland 1) OECD Pisa, 2) WEF ROI on HEI, 3) Open Science, Open Innovation and Businesses: Support Nokia, then Gamification and now future medical and eHealth companies and start-ups The Helsinki Manifesto 20.11.2006 Living labs co-create & experiment solutions with multiple stakeholders iCapital
  • 21. www.laurea.fi Laurea UAS co-creating and experimenting with the Awarded Learning by Developing and Living Labs Operational Models The most awarded UAS in Finland Tuija Hirvikoski, director at Laurea ENoLL president, OSPP member PhD (Industrial Management) | MSc (Public Administration) | MSc (Physical Education)
  • 22. Research, Development & Innovation Regional Services Service Design, Co-creation and Experimentation in Living labs at every field of expertise Health and social integrity Service business Coherent security Entrepreneurship and innovations Future Learning Variety of regional services for workplace development Personnel development Continuing education Personnel training Students working together with the business world Student projects Theses Internships
  • 23. 23IECEU Cpex Evaluation ROSERobotic Co-created healthier Uusimaa IEER Hyvinkää simulated hospital KYKY BarLaurea Caring and Sharing Networks WeLiveTeknologialainaam o DOB BELT TALSINKI INACHUS KaTuMetro POLKU HoivaDigi COPE ZET EUCISE2020 USCO CoCo Tool Kit IDeALL mHealth Booster Silver Stories Laurea develops and uses Human Centric Service Design & Open Innovation, Experimentation and Living Labs approaches to support companies, public players and civic society
  • 24. In Finland, high level of 1) Investment in RDI, 2) innovation outputs (licence and patent revenues), 3) high-skilled human resources Research and Innovation performance and Horizon 2020 country participation for Finland http://ec.europa.eu/research/ horizon2020/index_en.cfm?pg =country-profiles- detail&ctry=finland
  • 25. Finland has to help hte SMEs: • to transform research into high-tech products, and • to scale up
  • 26. Lessons learnt • Change focus from knowledge transfer to innovation and business co-creation • Scale-up from local to trans-regional and trans- national Living Labs • Benefit from greater international RDI, business and funding cooperation and exchange of knowledge
  • 27. In practice, we’re building and supporting new health and life-science ecosystems Nationally and Locally • “Finland your testbed for next generation research and medical innovation” • Health Capital Helsinki • Finnish Life Science business ecosystem and services in Helsinki region Internationally • ENoLL helps to benefit from greater international RDI, business and funding cooperation and exchange of knowledge
  • 29. 29 Finnish Life Science related companies in Helsinki region Clinical diagnostics Health IT Imaging & non-invasive measurement Innovative food Genomics Security Companies in Helsinki Region
  • 30. Life science and health business in Helsinki Metropolitan 42 600 jobs 11 700 jobs € 20,6+ B +15% growth (volume of revenue 2010-13) € 5,5+ B +16% growth (volume of revenue 2010-13) HEALTH LIFE SCIENCE
  • 31. Health tech is the leading hitech export field in Finland* HEALTH TECH EXPORT ~ € 1,9+ B (2015) GROWTH OF EXPORT 6,6 % (2014-15) *Source:
  • 32. The Health Capital Helsinki Alliance is formed by University of Helsinki, Aalto University, HUS and City of Helsinki The objective of Health Capital Helsinki (HCH) is to become the leading research, innovation, company collaboration and business center of life science and health technology in Northern Europe Service builder -> One stop shop Business builder Health Ecosystem builder Tuula Palmén, Ph.D, Head of Health Capital Helsinki Office Health Capital Helsinki
  • 33. 33 Concept Own money : 0…1Me Customer recruitment scalability Early growthDeveloping business idea Activation work ICTICTCLEAN-BIO/ B2BB2CTECHMED FASTGROWCOMPANIES OTHER SMEs VTT, Universities, other research institutes Applied research in industry (spin-offs) Students (universities, polytechnics) Inventors People under the layout process (out- placement) Other private people Industry”Investin”StudentsResearch Foreigners in Finland (or invest in activity) Business idea Company establishment Early stage financing Growth financing Fast growth Funding sources in Helsinki area Tekes: TULI- funding “From the research to business” 5…200k€ Tekes R&D-fudning: grants&loans 0,1..1M€ Private VCs 0,5..2 M€ Finnish Business Angels 0,1…1 M€ TE-centrum: Start-up funding for private person 5k€ Helsinki: Support for Consulting ELY-centrum: Project funding 50..100k€ Finnvera loans for new companies 5..35 k€ ELY-centrum: Support for consulting Finnvera loans 50-500ke Tekes NIY-funding (prepare-,1-, 2-phase 50ke-1Me) Public VCs 0,1..0,5 M€ ELY- centrum: Project funding 5..50 Ke Crowfunding (Invesdor Oy) 50..500 k€
  • 34. 34 ICTICTCLEAN-BIO/ B2BB2CTECHMED FASTGROWCOMPANIES OTHER SMEs Service providers in Helsinki area Startup Sauna Public incubators/accelerators: Spinno, NewCo Accelerator Aalto SUC AaltoES, HankenES, LaureaES, HY ES, HankenES, Metropolia EC, ThinkCo Hki… Aalto IPR unit, VTT Ventures, HIS (HY) Forum Virium Helsinki, Innovation Institute in Vantaa Industry specific programs, such as AppCampus, etc. (mostly project funded) EIT Digital business development (Aalto) Yritys Helsinki (NewCo) Yritys Espoo Vant. UYK MSstartup track New ideas VTT, Universities, other research institutes Applied research in industry (spin-offs) Students (universities, polytechnics) Inventors People under the layout process (out- placement) Other private people Industry”Investin”StudentsResearch Foreigners in Finland (or invest in activity) Concept Customer recruitment scalability Early growthDeveloping business idea Activation work Business idea Company establishment Early stage financing Growth financing Fast growth