A network-centric snapshot of value-creation in Finnish innovation financing

Jukka Huhtamäki, Martha G. Russell, Kaisa Still, Neil Rubens

Research output: Contribution to journalArticleScientificpeer-review

Abstract

In this article, we apply the concept of value co-creation to the analysis of linkages between organizations and their human and financial resources to observe the emergence of cooperative activities in a specific innovation system. Through visual network analysis of a federated and socially constructed dataset of organizations and their related actors, we show how co-creation occurs through financial linkages. We use the ecosystem concept as a metaphoric reference to value co-creation with a network-centric mindset. Business financing linkages reveal convergence and co-creation in the innovation ecosystem, and network analysis is used to visualize the relationships between firms. Through the lens of relationship-based synergy, we provide a snapshot of innovation funding, which highlights the collaboration of venture capital and government agencies in co-creating the emerging Finnish innovation ecosystem.
Original languageEnglish
Pages (from-to)13-21
Number of pages9
JournalOpen Source Business Resource (OSBR)
Volume2011
Issue numberMarch
Publication statusPublished - 2011
MoE publication typeA1 Journal article-refereed

Fingerprint

Value creation
Ecosystem
Innovation
Linkage
Financing
Co-creation
Network analysis
Human resources
Synergy
Value co-creation
Funding
Co-creation of value
Innovation system
Financial resources
Venture capital
Government agencies
Mindset

Keywords

  • Network
  • innovation
  • value co-creation

Cite this

Huhtamäki, J., Russell, M. G., Still, K., & Rubens, N. (2011). A network-centric snapshot of value-creation in Finnish innovation financing. Open Source Business Resource (OSBR), 2011(March), 13-21.
Huhtamäki, Jukka ; Russell, Martha G. ; Still, Kaisa ; Rubens, Neil. / A network-centric snapshot of value-creation in Finnish innovation financing. In: Open Source Business Resource (OSBR). 2011 ; Vol. 2011, No. March. pp. 13-21.
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Huhtamäki, J, Russell, MG, Still, K & Rubens, N 2011, 'A network-centric snapshot of value-creation in Finnish innovation financing', Open Source Business Resource (OSBR), vol. 2011, no. March, pp. 13-21.

A network-centric snapshot of value-creation in Finnish innovation financing. / Huhtamäki, Jukka; Russell, Martha G.; Still, Kaisa; Rubens, Neil.

In: Open Source Business Resource (OSBR), Vol. 2011, No. March, 2011, p. 13-21.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - A network-centric snapshot of value-creation in Finnish innovation financing

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PY - 2011

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AB - In this article, we apply the concept of value co-creation to the analysis of linkages between organizations and their human and financial resources to observe the emergence of cooperative activities in a specific innovation system. Through visual network analysis of a federated and socially constructed dataset of organizations and their related actors, we show how co-creation occurs through financial linkages. We use the ecosystem concept as a metaphoric reference to value co-creation with a network-centric mindset. Business financing linkages reveal convergence and co-creation in the innovation ecosystem, and network analysis is used to visualize the relationships between firms. Through the lens of relationship-based synergy, we provide a snapshot of innovation funding, which highlights the collaboration of venture capital and government agencies in co-creating the emerging Finnish innovation ecosystem.

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