University as an Engine of Innovation and Entrepreneurship Petteri Sinervo Development Manager BID Business and Innovation Development University of Turku Warsaw May 12, 2011

OTSIKKO Tekstiä

Facts about University of Turku Academic heritage since 1640, the current University of Turku was founded in1922 Multi-disciplinary –Six faculties and Turku School of Economics, 13 special units, six national centres of excellence – students: Degree Students, Post- graduate Students & Visiting Students –3 500 employees Over scientific publications annually, 77% of which in international publications Ranked 221. university in the whole world (THES – QS World University Rankings)

Developments in University Operations Traditional tasks: research and education Third task: societal interaction and influence –More activities outwards –Being change agent –Demand for regional, national and European development –Demand to utilise the research outcome better Phases: 1.Ivory tower 2.Technology transfer 3.Knowledge exchange

3rd Generation Universities SCIENTIFIC EXCELLENCE ENTREPRENEURIAL AND INNOVATIVE EXCELLENCE 2 ND GENERATION UNIVERSITY AS SCIENCE 2 ND GENERATION UNIVERSITY AS SCIENCE 1 ST GENERATION UNIVERSITY AS INTELLECTUAL CENTER 1 ST GENERATION UNIVERSITY AS INTELLECTUAL CENTER 3 RD GENERATION UNIVERSITY AS GENERATOR OF SCIENCE AND INNOVATION 3 RD GENERATION UNIVERSITY AS GENERATOR OF SCIENCE AND INNOVATION entrepreneurship and innovation (applying science, relevance) as strategic objectives university/society interaction university as global network of excellence open innovation pro-active regional linkages engine of early-stage innovation Source: Antti Paasio 2010

ENTREPRENEURIAL AND INNOVATION EXCELLENCE

Supporting innovations in the University of Turku In Turku and elsewhere –Services for research funding, project management and technology transfer Essential but nor enough –Innovation development: patent orientation –Linear thinking BID Business and Innovation Development Centre (2010) –To improve the interaction of research in science and business research in order to create a strong open innovation platform –Outreaching to partners outside the university but keeping the academic character in the operations

BID is based on the modern OPEN INNOVATION concept where innovations are often created in networks and where business and market forces are as important drivers as technology BID is founded on the utilisation of MEDICI EFFECT where innovation is best supported by bringing together different academic fields and also other actors in business environment BID is a Change Agent

Awareness and understanding of the relevance of entrepreneurship and innovations across the university Higher quality and quantity of knowledge-intensive innovations More effective usage of science in business Improved/wider professional relevance of academic degrees To build a strong link between world class innovative research and creation of high-growth knowledge-based businesses (Lisbon agenda) To increase the quality and quantity of new business deal flow in the region and to accelerate growth To improve the link between innovative research and venture financing organisations

BID operational model - Linking Business competence and innovation development ICT excellence Research and knowledge of academic disciplines Better utilization of academic knowledge and research outcomes Operating in: - Research: academic and applied - Education: Basic, post-graduate, additional - Business development - Awareness

BID activities Awareness program and road show Targeted Entrepreneurship & Innovation education –Basic degrees, Master Programs, Post-Graduates Applied research: cross-disciplinary from the very beginning PhD+MBA: Turku Campus, international partners, EIT ICT Labs Business Development Laboratory Growth Laboratory (under construction together with Turku Science Park)

BID activities cont. European Entrepreneurship Educators Programme (3EP) From Science to Business –project –Activation, guidance and funding for science-based business ideas Innovation Boot Camps Initiating and encouraging student movements: BOOST initiative (

Challenges Keeping it open ! Attitude and mindset Creating entrepreneurial teams Moving away from patent emphasis Gap of knowledge by academics & industrialists about each other’s organisational cultures Academic ranking and reward systems do not support university-industry cooperation or entrepreneurial development within universities Disruptive technologies and difficulties to identify the high-flyers !!!

Thank you for your attention !