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Commercialisation challenges of European collaborative innovation projects addressing silver markets

Author

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  • Minna Isomursu
  • Arto Wallin
  • Martin Jaekel

Abstract

This paper analyses commercialisation challenges faced by collaborative innovation projects addressing the needs of silver markets. The findings are based on a case study exploring projects collaborating in the context of Ambient Assisted Living Joint Programme. The program supports research, development, innovation and adoption of ICT-based solutions designed for older adults and their environment. Primary data collection method was business development workshops with 117 participants from 50 different projects. We conclude that public funding frameworks can be effective in initiating and facilitating formation of new collaboration networks required for commercialisation. However, our analysis shows that collaborative innovation presents challenges for the successful commercialisation of project results. Involved funding organisations could hence take a stronger role in supporting collaborations by creating conditions favourable for commercialisation, and providing tools and methods for solving market entry challenges. The paper provides original contribution in analysing commercialisation challenges faced by public-private partnership innovation programs.

Suggested Citation

  • Minna Isomursu & Arto Wallin & Martin Jaekel, 2016. "Commercialisation challenges of European collaborative innovation projects addressing silver markets," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 10(2/3), pages 300-321.
    • Handle: RePEc:ids:ijbire:v:10:y:2016:i:2/3:p:300-321
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