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.
    @article{d6168bf9bce749eea70b3a0dfbc94e2f,
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    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.",
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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

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    AU - Huhtamäki, Jukka

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    AU - Still, Kaisa

    AU - Rubens, Neil

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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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