Practical application of a parallel research–business innovation process to accelerate the deployment of research results
Abstract:Both society and customers pose many new challenges for public research and technology organisations. Making the right long-term technological choices, generating and maintaining an appropriate research portfolio, speeding-up innovation processes and integrating customer and market needs into science-based research are among the major expectations. We describe how a multidisciplinary research organisation has implemented new processes and practises to rise to these challenges. The paper points out the benefits of using a parallel research approach to the business innovation process, where the different phases – the development of new technology, applications and business models – are carried out interactively and concurrently. Furthermore, we show how foresighting acitivities, research portfolio management and use of business plans for long-term research programmes contribute to the parallel research process.
Document Type: Research Article
Affiliations: VTT Technical Research Centre of Finland, Vuorimiehentie 3, Espoo, PO Box 1000, FI-02044 VTT, Finland. ; firstname.lastname@example.org; email@example.com, Email: firstname.lastname@example.org
Publication date: January 1, 2010