Relational Capital for Growth CompaniesProject Reino 2013-2014

Kaisa Still, VTT Jukka Huhtamäki, TUT

In collaboration with Innovation Ecosystems Network (IEN):Martha G. Russell, Stanford University, USA

Neil Rubens, University of Electrocommunications, TokyoRahul G. Basole, Georgia Tech, USA

The importance of relationships in innovation ecosystems

Theoretical approaches to exploring relationships

- Relational capital

- Social capital

• Data

• Analysis

• Visualizations

Data-driven approach

Example of a visualization of

relationalcapital:

Corporateinterlocks in

Tekes YIC and innovative non-

YIC(econometric

analysis in progress)

Topology-based clusters

Example of structural metrics:

Austin, Twin Citiesand Paris

Russell, M. G., Huhtamäki, J., Still, K., Rubens, N., & Basole, R. C. (2015). Relational Capital for Shared Vision in InnovationEcosystems. Triple Helix: A Journal of University-Industry-Government Innovation and Entrepreneurship. Submitted.

Example of relational metrics

• Case Supercell– twitter followers; wikipediadownloads

Data collection and analysis: Juha Nurmi, TUT

Novel indicators for relational capital toward supporting transformations

ELEMENTS OF RELATIONAL CAPITAL

IN THE CONTEXT OF ECOSYSTEMS

STRUCTURAL Strusture of the ecosystem as a wholeRoles of actors within the ecosystem

RELATIONAL Attractiveness of an ecosystem and its actors

COGNITIVE Visualizations as means to make relational capital explicit, feedback cycle supporting shared vision