Peloton Innovation Camp, taking place in January this year, gathered teams, startups and large companies to the cool startup hub NewCo Helsinki for co-creation and establishing new business experiments and partnerships. The camp was the kick-off event for two currently running acceleration programmes in Demos Helsinki: Bees and Trees and TryOut.
Aalto research team participated in the Peloton Innovation Camps by observing the work of the incumbent-startup pairs as well as the facilitation process with the aim to research what is the impact of facilitated experiments between large companies and startups in regards to business development.
During the two days of the camp, the researchers from Aalto University School of Business were focusing on the work of the Bees and Trees teams and the facilitation of the experiments. The research team visited each incumbent – start-up pair and their observations focused on various aspects of team work, i.e. atmosphere in the team, quality of the discussion, balance and dynamics of communication, generation of ideas as well as the moderators’ role in the results.
The discussions on the expectations and goals and designing the experiments progressed mainly in a relaxed atmosphere during both camp days. The remarks on the team work in practice include the following:
- Some groups started by really trying to understand each other’s business and used quite some time on building the basis for a win-win partnership.
- The level of reflectiveness and listening to each other varied. Some groups reacted more constructively to unfinished ideas and concerns of the partner and were really able to build on each other’s points.
- Consequently, some groups could co-create, but some remained on the level of selling and buying instead of developing new solutions together.
- Most of the groups were very balanced. However, at times some of the partners dominated.
In the end of the two camp days, all the teams succeeded in being able to show a plan with milestones and dates on how to proceed with their experiments. The follow-up of each team’s experiment development will continue during the following months in 2017. The researchers work will continue -they will interview representatives of the incumbent companies and start-up teams as well as collect data from Finnish reference incumbent – start-up teams that are not supported by a facilitated experiment development approach, such as Peloton Innovation Camp.
For more information, please contact Professor of practice Armi Temmes or Senior researcher Mika Kuisma at Aalto University School of Business (email firstname.lastname(at)aalto.fi).