The project creates preconditions for the commercialisation of innovations and the RDI activities required for the creation of innovatiotion.

The main objective of the project is to increase the utilization of the commercial potential of innovations, leading to the emergence of new businesses and job opportunities in the Kymenlaakso region.

The project aims to achieve the following:

  1. Improve the utilization of the commercial potential of innovations
    • Organizations in the region are more aware and capable of leveraging how new ideas, products, or technologies can significantly impact business and markets. As understanding improves, experts in organizations can identify the opportunities offered by innovations and plan and implement strategies for their commercialization.
    • Companies and entrepreneurs learn to identify how new technology or new ways of operating can solve real problems or meet market needs. Companies use existing networks and resources to disseminate innovations to a wider audience. Companies learn to identify the right timing and methods for launching new products or services to the market to achieve the greatest impact and success.
    • This development brings about economic growth, strengthening competitiveness, and new opportunities for expanding business.
  2. Increase RDI investments in the region
    • Research, development, and innovation (RDI) are essential for the development of new ideas, technologies, and products. An increase in RDI investments means that both the public sector and businesses invest more resources in research, development, and innovation. This, in turn, contributes to the emergence of new innovations, improved productivity, and increased competitiveness.
    • Large companies usually have their own RDI departments, but the opportunities for small and medium-sized enterprises (SMEs) in the project’s target group to increase RDI investments without external support and services are limited.
  3. Innovation activities promote export growth, create sustainable domestic growth, and employment
    • The development of new products and services for international markets almost inevitably requires the commercial exploitation of innovations. This is the only way to promote export growth when domestic companies expand their operations abroad. As new innovations are brought to the market, they create new jobs and sustainable domestic economic growth.
  4. The significance of intangible investments for productivity growth increases
    • Intangible investments refer to investments that are not related to physical infrastructure. Examples include investments in knowledge, expertise, brand reputation, or the development of technological processes. The importance of these investments for productivity growth is considerable, as they can improve efficiency, quality, and innovation capabilities without direct investments in infrastructure.
  5. Growth in intangible capital develops
    • Intangible capital includes a company’s intangible assets such as brand, expertise, relationships, and intellectual property rights. Increasing intangible capital is important because it enhances a company’s competitiveness, value, and export capabilities.

Join the project:
The project welcomes actors with whom methods and service models can be identified and tested to increase Kymenlaakso’s creativity, innovation activities and commercialisable products/services/applications.

More information

Melina Maunula
Project Manager
CIRU – Creative Industries Research Unit
South-Eastern Finland University of Applied Sciences, Xamk
etunimi.sukunimi@xamk.fi
+358 44 7028521
Paraatikenttä 7
FI-45100 Kouvola

Tiina Savallampi
RDI Specialist
CIRU – Creative Industries Research Unit, Xamk
etunimi.sukunimi@xamk.fi

Ari Haapanen
lecturer
Culture Sector Education Unit, Xamk
etunimi.sukunimi@xamk.fi

Jyrki Kymäläinen
RDI Specialist
CIRU – Creative Industries Research Unit, Xamk
etunimi.sukunimi@xamk.fi

Jari Luostarinen
RDI Specialist
Digital economy focus area, Xamk
etunimi.sukunimi@xamk.fi

 

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Facts

Ideajalostamo - Idea Refinery Kymenlaakso

1 February 2024 – 31 January 2026

Project partners

Lead partner: South-Eastern Finland University of Applied Sciences

Partners: Keksintösäätiö Foundation for Finnish Inventions

Focus areas: Digitaalinen talous

Budget

Total budget: € 570 965

XAMK part of the total budget: € 373 620

Financiers and main source of funding: Kymenlaakson liitto / Oikeudenmukaisen siirtymän rahasto (JTF)