Juan Mulet Melia, a member of the Innovation Council of IFI, and Totti Könnölä, CEO of the Insight Foresight Institute (IFI), write in Cinco Días, one of the leading economic journals in Spain, to promote smart specialization in the regions.
The aim of any policy to promote innovation is to make more innovative companies, and those that already are, to address innovations that generate greater added value. An innovative company sees innovation as one of its operations in pure business logic. However, companies that are not innovative consider that it does not compensate them to assume the inherent risk of any innovation. For this reason, innovation policies will only be effective when they are able to reduce the technological, commercial, organizational or financial risk acceptable.
Two are the ways in which policies to promote innovation are usually pursued. One, of general application, is financial aid, which must be sufficient to make the risk acceptable to a company that feels averse to innovation. The safest way to waste public money is to design financial policies for innovation with scarce resources.
The second path is to facilitate access to the technologies needed to develop innovations. If there are already sources of adequate technology, this path will be less expensive, but only reduce the technological risk, leaving intact commercial, organizational and financial…
Image: Gitty Images / Cinco Dias
The Center for Industrial Technological Development (CDTI) and Zabala Innovation Consulting have organized on June 1, 2017 in the Hall of the Center for Industrial Technological Development (CDTI) the Conference “New Innovation Models in the European Industry”. The event aimed to showcase the most relevant systems and innovation models of European industry. Totti Könnölä, CEO of the Insight Foresight Institute, talked about innovation ecosystems.

José Manuel Leceta, General Manager of Red.es, and Totti Könnölä, CEO of Insight Foresight Institute write on their experiences on the EIT. The article was presented in the seminar “Growth ecosystems as a tool in the new industrial and innovation policy” organised by by SITRA and Ministry of Economy and Employment of Finland.
The AEC-Quality Community celebrated on February 9 its first plenary meeting of 2017. The plenary session was attended by Totti Könnölä, Managing Director & Co-founder of Insight Foresight Institute. During his keynote, Totti Könnölä reviewed the characteristics of the so-called ‘Circular Economy’ which, he said, allows the development of new ways of innovating and changing the business. In his opinion, Industry 4.0, digital transformation, Internet of Things and other technological advances offer new opportunities for circular economy.