In-sourcing and entrepreneurship in swedish industry
|Coordinator||Dr. Saeid AB|
|Funding from Vinnova||SEK 500 000|
|Project duration||November 2018 - May 2019|
|Venture||Groundbreaking ideas in industrial development|
|Call||Banbrytande idéer inom industriell utveckling 2018|
Purpose and goal
The purpose of the project was to publish an innovation competition aimed at finding and solving hidden problems that exist within large companies, along with employees at these companies. On the whole, it seems to have been a very good idea - one that has been appreciated by Swedish industry - to start from the employee´s problem descriptions in the business, extract the solution process from the organization, creating a start-up to solve the problem, and return with a solution proposal that is ready to be delivered by that startup.
Expected results and effects
We deem that 120,000 interested persons in Swedish industry, 46 problem formulations, and two newly started companies for SEK 600,000 in half a year is an incredible success. The expected effects are two scalable activities, which, due to the design and strategy of the competition, are launched with excellent products that solve confirmed problems for organizations that are willing to pay for those solutions. The two started companies have attracted capital from investors and are ready to employ employees and thus contribute to both job opportunities as well as new Swedish innovation.
Planned approach and implementation
The design and implementation was successful, although it took a month longer than plan. The extra month was because the follow-up and the analysis took longer than expected when the interest as the number of problem descriptions submitted were greater than expected. We have now developed an innovation model that is more scalable than all known innovation processes that we have heard of and will, therefore, carry out the process again.