the nokia technopolis innovation mill
DESCRIPTION
Keith Silverang, Affiliation: CEO Technopolis Plc, FinlandTRANSCRIPT
NOKIA TECHNOPOLIS INNOVATION MILL™”We love Innovation Mill, because it transforms good ideas andventure funding into profitable business”
– Esko Aho, Nokia Corporation
Innovation Mill project
~100.000€ w/ 50% or 75% grant
What is Innovation Mill?
4,000 Unused Nokia ideas
1300 companies in 18 Technopolis
campuses “adopt new ideas”
Tekes & City funding
Pre-negotiated idea release contracts
TechnopolisScreening &Matchmakin
g
Tekes approval
Start-Ups and
New Business
+Technopolis
planning and
procurement support
= Project input
= Technopolis tasks
= Project output
The Innovation Mill Pitch
Access to Nokia ideas
• Technopolis will match you with the right idea
• Pre-negotiated release contract• The idea is Free – big savings on R&D• Technopolis helps plan the project• Ready-made project templates• Technopolis takes care of procurement
Low-risk idea to innovation
• Appr. 100k€ evaluation project possible• 50-75% funding from Tekes & cities• Quick funding decision within 1-2
months
Funding package included
Innovation Mill Results• Over first year and half, we have:
– Screened over 4000 ideas– Identified over 100 ideas to be matched with
entrepreneurs and companies– Met over 450 interested companies across Finland– Generated 27 new development projects, 18 new
companies and over 100 new jobs – Raised 10 m€ in funding for companies from
venture capitalists and business angles– Created 13 m€ in development projects for new
business
Entrepreneurs view on project results
How the project changes company's technology and market position
What is the outcome of the Innovation Mill project?
Why Innovation Mill Took Off• Traditional innovation system is too slow & weak• Nokia had plenty of unused IP and willingness to
give it away• Finland has a wealth of companies that can
exploit Nokia idea’s• Technopolis had the will, infrastructure,
resources and motive to act as the driver
8
Best Mobile Internet Service: Nokia Sports Tracker
14th
Judges' comments: "A great example of a service that utilises the capabilities of high tier handsets to deliver a compelling application and service proposition. The ability to share data captured on the handset with a community of users typifies how social networks are increasingly being driven by mobile use."
WORLD SUMMIT AWARD MOBILEc/o ICNM – International Center for New Media
Moosstrasse 43a | 5020 Salzburg | Austria+43-662-630408 | [email protected]
Media ReleaseNewelo from Finland to present winning projectat international award ceremony in Abu DhabiNeed4Feed service by a new company from Tampere considered the best media & news -product in the worldThe mobile phone is about to replace your travel guide, your remote control and your printed newspaper. It takes you on a magical tour through your next-door park, allows you to become a reporter yourself or helps you ......
Current solution-User Experience
Main view
Marked to favouritesReady to play
Download progress
Play on Mobile can be initiatedfrom EPG, Favourites or Search view• by automatic streaming or • by partial download + streaming or• using fully downloaded files (also in off-line)
In addition number of excellent usability features, such as• ”start where stopped last time”• ”prime time scrolling”• full program info under ”details”• channel selection by users – instant responce• access to ”PC favourites”• EPG browsing, favourites tagging andplaying downloaded files also in off-line mode• program duration, etc
Agreement Rules with Nokia• Ideas:
– The Company will get a free, parallel usage right– The usage right is royalty free, irrevocable and
permanent– The idea can not be transferred– Both parties may freely develop the idea further.
Neither party will get access to any further development results of the other party.
• Licenses and patents:– Separate contracts case by case
Innovation Mill Focus Areas
• Near Field Communications • Environmental and Energy Related
Solutions• Health Care and Well Being Applications• Location-based Services• Mobile Security• Future Internet Services
Innovation Mill Companies• Sport Tracking Technologies• Thumbs-up Research• Screenpeak• There Corporation• Respecta• IW-Net• Domuset• Powerkiss• Capricode• Finembe• Ludowaves• Protacon• 9Solutions
• Lingsoft• Citynomadi• Matavation• ArtifactWare• Fara• Newelo• Arena Interactive• WhileOnTheMove• Almare Solutions• Moness• Chleon• Dataprisma• Nordic Id
Examples of Project Contents
• Technical specification for the new product
• User interface, HW/SW architecture
• Interface design• System test design• Demo, Proof of Concept• Plan for CE (or other) tests• Production plan• IPR check and study
• Market study• Competitor analysis• Sales & marketing plan• Business plan• Project plan for the next
project stages• Financing plans• Partnering negotiations• Contract templates or other
legal study/planning
Technopolis takes care of the public 3rd party procurement (vendor short listing, competition, selection, contracts, money transfer, …)
Innovation Mill Process1. Company Innovation
Mill expectations
Match
RejectTo
ExistingCompany
To NewStartup
Innovation Mill
project
Significant Growth in First 3 Years
Innovation Mill
application
Tekes appr.
2. Nokia idea Screen
Technopolis procurement service for 3rd party
services
Ready-made contracts and templates
Innovation Mill – application process
Agrement of utilizing the idea: Nokia - Company
Project plan
Tekes decissionpresentation + Q&A (30 min)
Innovation Mill application+ annexes
Business plan presentation~ 1
mon
th Innovation Mill – project descriptionTechnopolis: project plan template and guidance to planningYritys: planning work
Business plan presentation- IM project impact on business- IM project impact on growthTechnopolis: Presentation sparringCompany: Makes and presents
Innovation Mill -contact Technopolis - Company
- Parellel usage right to idea- Out-licensingTechnopolis: Contract templates
NDA: Nokia - Company Technopolis: Contract templates
TECHNOPOLIS OYJ 2010