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Author:Ahlström, Axel
Title:External technology commercialization of non-core technologies
Publication type:Master's thesis
Publication year:2013
Pages:(8) + 97 s. + liitt. 2      Language:   eng
Department/School:Perustieteiden korkeakoulu
Main subject:Yritysstrategia ja kansainvälinen liiketoiminta ; Vesihuoltotekniikka   (TU-91 ; Yhd-73)
Supervisor:Vahala, Riku ; Keil, Thomas
Instructor:Kallio, Ilari
OEVS:
Electronic archive copy is available via Aalto Thesis Database.
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Location:P1 Ark Aalto     | Archive
Keywords:open innovation
external technology commercialization
non-core technology
spin-off
out-licencing
sell-off
Abstract (eng): Non-core technologies are technologies that a corporation does not want to commercialize or develop further.
However, even though these technologies might at first sight not seem to have potential inside a specific corporation they might be valuable to others and may therefore eventually be so also to the corporation.

There are several ways to commercialize non-core technologies including spinoffs, out-licensing agreements and sell-offs.
These mechanisms have their own characteristics regarding risk and reward.
The Cleantech Innovation Mill (CIM) is a program, established in 2012, that focuses on utilizing the anchor companies' unused ideas by building new ventures around them.
This study examines the different mechanisms and the CIM from Wärtsilä's point of view.

The study found that the management of non-core technologies is in a very early stage in Finland and so also in Wärtsilä.
To date Wärtsilä has been evaluating opportunities case-by-case in an ad-hoc nature.
The study provides recommendations and guidelines on how Wärtsilä could move to a more systematic approach which may lead to a more efficient management process of their non-core technologies.
Abstract (swe): Icke-kärnteknologier är teknologi som företaget inte vill kommersialisera eller vidareutveckla.
Men även om dessa teknologier vid en första andblick inte verkar ha potential kan de trots allt vara värdefulla för andra.
Genom att utnyttja dessa teknologier på rätt sätt kan de ha både strategiska och finansiella fördelar för moderföretaget.

Det finns flera sätt att kommersialisera icke-kärnteknologier inkluderande spin-offs, licensieringsavtal och försäljningar.
Dessa olika mekanismer har sina egna egenskaper när det gäller risk och belöning.
Cleantech Innovation Mill (CIM) är ett program, inrättat år 2012, som fokuserar på att utnyttja företags outnyttjade idéer genom att starta nya företag runt dem.
Denna studie undersöker de olika mekanismerna och CIM från Wärtsiläs synvinkel.

Studien fann att förvaltningen av icke-kärnteknologier är i ett mycket tidigt stadium i Finland och så även i Wärtsilä.
Hittills har Wärtsilä närmat sig problemet osystematiskt var varje fall har utvärderats skilt utan några färdiga processer.
Studien ger rekommendationer och riktlinjer för hur Wärtsilä kunde flytta till en mer systematiskt tillvägagångssätt som kan leda till en mer effektiv process för hanteringen av dessa icke-kärnteknologier.
ED:2013-06-14
INSSI record number: 46872
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