Shorter product cycles, increased global competition and rapidly changing market conditions are increasingly putting pressure on companies and countries alike to be more innovative. Public entities and business incubators seek to stimulate better utilization of academic research through support schemes that facilitate the creation of startups. One challenge is how to do this effectively, both in terms of financing and coaching. Another is how to bridge the gap between private and public funding schemes, due to the differences in investment horizons and reasons.
Large companies look at how knowledge and methods in venture creation can be applied in their organizations. A key challenge is how to turn theory into real world business practice, and models into working structures for innovation. At the other end of the spectrum, startups face the challenge of how to scale internationally and build an organization for growth, as access to global markets through the internet turns many companies into global players from the start.
ISEA has long experience from building innovation systems, managing corporate R&D and facilitating venture creation in startups. ISEA’s experts support large corporations with translating startup concepts to real world working methods and address startup challenges in all types of contexts taking roles as board members, advisors or interim managers. Among ISEA’s experts are some of the pioneers in the area of business incubation, and ISEA today plays an active role in national incubation program.
ISEA together with Triathlon designed a national model for a public support scheme in the energy sector. Read more
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