TY - JOUR T1 - A Network-Centric Snapshot of Value Co-Creation in Finnish Innovation Financing JF - Open Source Business Resource Y1 - 2011 A1 - Jukka Huhtamäki A1 - Martha G. Russell A1 - Kaisa Still A1 - Neil Rubens AB - In this article, we apply the concept of value co-creation to the analysis of linkages between organizations and their human and financial resources to observe the emergence of cooperative activities in a specific innovation system. Through visual network analysis of a federated and socially constructed dataset of organizations and their related actors, we show how co-creation occurs through financial linkages. We use the ecosystem concept as a metaphoric reference to value co-creation with a network-centric mindset. Business financing linkages reveal convergence and co-creation in the innovation ecosystem, and network analysis is used to visualize the relationships between firms. Through the lens of relationship-based synergy, we provide a snapshot of innovation funding, which highlights the collaboration of venture capital and government agencies in co-creating the emerging Finnish innovation ecosystem. PB - Talent First Network CY - Ottawa UR - http://timreview.ca/article/424 IS - March 2011 U1 - Tampere University of Technology Jukka Huhtamäki (M.Sc, Hypermedia) is a researcher, a post-graduate student, and a teacher working for the Hypermedia Laboratory (HLab) at Tampere University of Technology. Jukka also collaborates with the Innovation Ecosystems Network, lead by Martha G. Russell. His interests include visual social media analytics, methods of streamlining social network visualisation and information visualisation, user and information modeling and the development methods, and implementation technologies of social, adaptive, and distributed hypermedia. Currently, Jukka is working to develop data-driven visual analysis processes for insights on, for example, social media usage and innovation diffusion. U2 - Stanford University Martha G. Russell is Senior Research Scholar at Human Sciences Technology Advanced Research Institute and Associate Director of Media X at Stanford University, a membership-based, interdisciplinary research catalyst focused on people, media, technology, and innovation. Dr. Russell's background spans a range of business development, innovation, and technology-transfer initiatives in information sciences, communications, and microelectronics at the University of Minnesota, The University of Texas at Austin, and Stanford University. She collaborates with Stanford's Innovation Ecosystems Network and serves on the editorial boards of the Journal of Interactive Advertising, the Journal of Electronics, and Technology Forecasting and Social Change. U3 - VTT Technical Research Centre Kaisa Still studies innovation, technology transfer, and the role of technology, with a focus on information and knowledge creation, sharing, and management. Her studies focus on supporting collaboration and cooperation in organizations as well as in community settings. Recent studies include mobile, online and social networking communities, innovation ecosystems, and innovation indicators. Dr. Still has over 10 years of cross-sector business and academic experience in Finland, USA and China. She currently works for VTT Technical Research Centre of Finland and collaborates with Stanford's Innovation Ecosystems Network. U4 - University of Electro-Communications, Japan Dr. Neil Rubens is an Assistant Professor at the Knowledge Systems Laboratory, University of Electro-Communications, Japan. He is the Director of Active Intelligence Research Group and is a member of the Innovation Ecosystems Network at Stanford University. He holds an M.Sc. degree from the University of Massachusetts and a Ph.D. degree from the Tokyo Institute of Technology - both in Computer Science. His research focuses on developing Active Intelligence systems, which are systems Artificial Intelligence systems that are self-adaptable utilizing unsupervised and semi-supervised learning, and active communication and data acquisition. He collaborates with Stanford's Innovation Ecosystems Network. ER -