The INVITE Ambition

Europe needs to boost its global competitiveness by taking advantage of existing knowledge and translating it into new value. INVITE offers to pilot test an innovative blend of state-of-the-art mechanisms that have the capacity to effectively stimulate OI and to offer concrete empirical evidence on what works, what does not and for whom.

 

INVITE’s advance in relation to open innovation, co-creation and collaborative innovation models

INVITE broadens the scope of the European OI projects and interconnects the fragmented European innovation ecosystems, reinforcing their currently weak linkages. Our pilot programme uses practical OI interventions to refine its propositions and produce services that can be readily used and integrated within existing innovation ecosystems. Our pilot actions target the entire spectrum of innovation actors paying particular attention to cross border collaborations and the inclusion of societal actors. We aim to collect evidence that can showcase whether our OI 2.0. approach can indeed work in practice and under which conditions.

 

INVITE’s advance in relation to open innovation intermediaries and online platforms

These OI intermediaries (Innoget, Innocentive, Yet2com, Ideaconnection, NineSigma) offer 3 distinct value dyads:

  • standardized OI services/international focus
  • services tailored to local needs/regional focus
  • customised services not accessible to SMEs/international focus

A more focused approach is missing, one that can fully address innovation dynamics and develop an integrated innovation system. INVITE contributes on this end by following a novel approach based on the hybridization of these models and adds value to the innovation ecosystem by effectively matching innovation actors across innovation ecosystems. INVITE pilot-uses the best tools and practices of these three models and develops a multi-stakeholder approach that will be tested for its ability to provide customised OI services, accessible to allinnovation actors (including SMEs) focused on stimulating cross border collaborations.

 

INVITE’s advance in relation to innovation vouchers for human capital mobility

In order to overcome the limitations of the traditional approach to innovation vouchers for HCM, INVITE leverages the potential of ICT and introduces innovation vouchers for virtual HCM that no longer require knowledge transfer activities to be established in a physical location, thus, eliminating the challenges that are attributed to proximity of innovation sides. This way INVITE will stimulate the connection of innovation systems across Europe and enable the international perspective of OI allowing actors to tap into the most suitable source of knowledge. Through our pilots, we will collect evidence concerning the optimal structure of these innovation voucher scheme for virtual HCM to showcase and offer a replicable alternative HCM mechanism.

 

INVITE’s advance in relation to building capacity and skill-sets for open innovation

INVITE focuses on the OI skills of businesses and deploys a flexible e-learning intervention, the content and learning infrastructure of which is co-created with the actual users to reflect their needs. By utilising user insights as well as state-of-the-art business training approaches (e.g. gamification, scenario- and case-based training content, collaborative learning, etc.) we develop a skills-set development and capacity building programme that will be tested and refined in our pilots and will enable us to come up with meaningful conclusions for the development of those OI skills that could improve organisations’ skills in identifying, assimilating, transforming and adopting external knowledge and expertise.

 

INVITE’s advance in relation to funding mechanisms for open innovation

INVITE showcases a public/private co-investment scheme which attempts to alleviate the risk adversity of private investors towards OI projects and provides real-life evidence of how small public funds can be leveraged in favour of SMEs and fund seeking entities in order to gain access and benefit from existing investors’ networks. Moreover, we draw valuable inferences on the role of OI services and intermediaries as a mediator between investors and industry. Therefore, building upon the pilot’s findings, we move towards developing a public/private investment mechanism that can effectively support OI activities.