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Development of methods for creating more commercially successful applications and projects

Reference number
Coordinator LTU BUSINESS AB - AO Innovationsstöd
Funding from Vinnova SEK 958 070
Project duration December 2016 - December 2017
Status Completed

Purpose and goal

The project aims, by development of a new method to create more commercially anchored and successful innovation projects and project applications, to create an analytical methodology made available as digital tools that will benefit SIPSTRIM’s innovation capabilities, researchers´ commercialization requirement understanding, and also increase societal benefits of innovation projects. The project fulfilled its purpose through the method “Innovation due diligence”, quality assurance through 3 successful test cases (obtaining funding) and digitization of the method.

Expected results and effects

The project has resulted in a method, “Innovation Due Diligence”, for assessing commercial potential of early innovations, as well as a digitally adapted educational materials available at Expected effect of this, the first consolidated method for analyzing early innovation ideas, is that more validated potentially successful projects receive funding, and that the quality of innovation projects is increased by taking commercial requirements into account and addressed these as a more integrated part of research projects.

Planned approach and implementation

The project has been managed through a collaboration between SIP STRIM´s program office, LTU Business and RISE. LTU Business has been responsible for the main parts of development; test cases, development of methodology and digitization of the same. RISE has served as a technology and research-focused counterparty, to validate and test the method, trained internal staff and spreading the results of the project. The composition has enabled a wide range of stakeholders to influence the project´s direction and quality.

External links

The project description has been provided by the project members themselves and the text has not been looked at by our editors.

Last updated 25 November 2019

Reference number 2016-05006

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