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


    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)
    Issue numberMarch
    Publication statusPublished - 2011
    MoE publication typeA1 Journal article-refereed


    • Network
    • innovation
    • value co-creation


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