FINCODA is an Erasmus+ and European Knowledge Alliance project with a budget of €1 million. The project will be delivered in co-operation with the CARPE partners, led by TUAS (Turku University of Applied Science), with HAW (Hamburg University of Applied Sciences), HU (University of Applied Sciences, the Netherlands), MMU (Manchester Metropolitan University), and UPVLC (Universitat Politecnica de Valencia).
This forward thinking project addresses the need to assess innovative competencies in employees and students through the development of a toolkit for behaviour assessment, available as a training e-guide. We will produce a software application for innovation competencies assessment, alongside the development of a Massive Open Online Course (MOOC) to provide these tools to a wide European audience.
What is innovation? Innovation is a process that allows for the introduction of a new product or service, new production methods, opens up new markets, identifies new suppliers, and business or management models that result in enhanced performance by, or within, the organization.
Therefore, innovation starts with the generation of new ideas and finishes with the use or commercial exploitation of the outcomes.
Innovation Competencies can be defined as those motivations, attitudes, values, characteristics, individual qualities, cognitive or practical skills that are needed for a successful innovation (Forsman, 2009).
Universities currently have no means by which they can measure the development of innovation skills in students and thereby encourage them in this area. This means that we do not know which teaching and learning methods are effective. Companies do not have the resources and knowledge to do this. Lack of knowledge in this area means that potential economic benefits are not being realized. Through this project, we are working on building a stronger link between universities and the business community for the innovators of the future. This will lower the threshold for students starting work and ensure that companies can attract the talent that they need.
Individuals with innovation competencies are vital if organisations want to be involved in innovation-creating activities, wish to remain competitive, or to grow their business.
The universities are partners in CARPE (Consortium on Applied Research and Professional Education), the first partnership of its kind in the field of Applied Sciences in Europe, started in 2011. CARPE aims at connecting education and research with their regions to increase social and economic value of the knowledge that they create. The partners are:
Nine innovative companies from different countries are also collaborating in this project: