Innovation Research

Intangible assets: valorizing hidden opportunities

Value Creation and Capture – The Impact of Recycling and Global Dispersion of Intangible Capital (module A)
Etlatieto: Martti Kullvik

The goal of this research is two-fold: 1) to understand how intellectual capital (IC) is re-used, e.g., after corporate failure, and 2) to find out to what extent firms' intangible assets and value capture have globalized. The first part addresses a perpetual cycle of creative destruction and re-emergence of corporate IC where IC is reused and integrated with other IC sources to capture value. The 2nd part tracks the globalization of Finnish corporate intangible assets, and assesses whether its geographic distribution coincides with that of profit generation and risks. The proposed project has a very strong international dimension with numerous international partners.

Patients, business and the state – translating health information into sustainable benefits
University of Helsinki: Arto Tupasela

The study examines governance challenges posed by the utilization and translation of healthcare information, including information derived from biobank research and genetic databases into globally sustainable and socially robust healthcare products and services. The starting point of the study is a 1) comparative analysis of governance and engagement regimes in Finland, England, US, Canada and Iceland, as well as supranational actors, to manage the collections, storage, use and commercialization of healthcare and genetic data, 2) exploring the implications that new patient engagement strategies have for the creation and deployment of intangible assets and value creation within the Finnish innovation system, and 3) identifying and scrutinizing critical elements within the patient-business-state axis that play a role in the sustainability of value creation regimes that can be deployed by companies.

Towards Inclusive Use of Intellectual Capital
University of Turku: Mika Raunio

Diversity in intellectual capital is for the benefit of the Finnish economy. Key source of this diversity are people who have immigrated to Finland, but are especially the highly skilled integrated to knowledge generation and innovation processes of the Finnish firms and organizations? If not, why? What are the communities and inclusive practices that open access to activities within an innovation system? The main aim of the study is to contribute to the Finnish innovation policy and innovation management practices by increasing research knowledge on the role and use of foreign human capital in innovation activities. The key questions are: 1) how foreign human capital is integrated into innovation activities; 2) what kind of communities there are facilitating this; 3) what are the inclusive and exclusive practices that define the integration of foreign human capital to innovation activities; and 4) are there policies, practices and types of innovation communities in selected foreign countries that could be usefully applied in Finland? These questions will be studied by 1) identifying a variety of innovation communities (e.g. Meego Network Finland, Aalto ES, New Factory Tampere,); 2) conducting a survey (250 responses) among the immigrated; 3) conducting altogether 40-55 interviews preceding the survey and as a part of the cases abroad.

Social entrepreneurship in innovative value creation
Lappeenranta University of Technology, University of Turku: Helinä Melkas

Social enterprises have a high potential as innovations, innovators and employers. The present view of them is too narrow; it is not a question of employing, for example, marginalised people only. These enterprises are directly relevant with regard to intangibles (e.g., human and social capital). In Finland, they have so far attracted quite meagre research attention, but at the EU and global level, the interest towards them is rising rapidly. This theoretical and empirical research defines concepts and measures as well as identifies good policy practices and policy thinking options. The conditions of social entrepreneurship are addressed from various viewpoints and related theoretical frameworks: innovation (social innovation, innovation systems), entrepreneurship, legislation, and employment issues. The research will be conducted at the international (comparisons based on macro-level data) and national level; the meso-level of regions and communities, and the micro-level of case companies and their personnel. The theoretical and practical aims of the project are to (i) better understand the conditions under which social entrepreneurship can contribute effectively and efficiently to solving societal challenges in a sustainable way, (ii) provide participatory innovation support to social enterprises particularly in the private and third sectors in their establishment or mature stages, and (iii) contribute to design of policies to support the development and exploitation of the un- or under-utilized intangible assets that are hidden in social enterprises and their employees.