REID consultants on tour… we spent long hours in the far North analysing how business ecosystems work in Finland and whether they reach global heights. As part of this work, we developed the open innovation system model which has been used as framework in on-going work for a range of clients to assess the innovation performance and capacities of countries and regions.

A key lesson from the study was that to achieve global competitiveness, the business ecosystems require tailored and diverse forms of support that often stretch beyond the remit and resources of one agency alone. This applies to the development of new business models nationally (e.g. regulatory or policy changes lagging technology) as well as internationally (e.g. attracting strategic investors, etc.).