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Open Innovation – Research Translation and Applied Knowledge Exchange in Practice through University-Industry-Cooperation

Project description

Converting research findings into economic and social benefits

A 22-member research consortium with partners from several countries is promoting the translation of research between university and industry through cooperation and open innovation in the following sectors: financial services, Industry 4.0 low-carbon technologies and advanced technologies for food production, packaging and distribution. Coming together under the EU-funded OpenInnoTrain project, they will enable the untapped potential of European university researchers to get their research outcomes to the market. Specifically, researchers in Europe and Australia will spend up to a year in Australia and in several EU countries, connecting European and Australian research within a global network of industrial partners and academic institutions. Digital innovation hubs, joint PhDs, industrial PhDs and training initiatives will be used to promote this international cooperation.

Objective

The overarching objective of OPEN-INNO-Train is to form an international and inter-sectoral network of organisations collaboratively working on the joint research field of Open Innovation, University-Industry Cooperation and Research Translation. To facilitate Knowledge Development and Sharing in four contemporary areas - FinTech, Industry 4.0 CleanTech, FoodTech.
For globally interconnected societies, scientific research has the potential to foster yet unrealised economic growth, competitiveness, and wellbeing. The conversion of research outputs into tangible outcomes, and, ultimately, sustainable impact is critically important and needs optimising.
The process of converting research findings into economic and social benefits appears increasingly complex at a time when researchers often work in multidisciplinary teams, in a context of Open Innovation when cooperating with industry and other stakeholders. Illuminating it from the perspective of Research Translation, an approach increasingly gaining traction in the specific setting of University-Industry Collaboration, OPEN-INNO-TRAIN aims at opening the black box of knowledge conversion processes to generate and apply new insights from those four industry areas. Furthermore, OPEN-INNO-TRAIN encapsulates the development of robust Research Translation tools capable of facilitating the translation process of multidisciplinary research findings for the generation of impact. Combining scientific excellence from European and international universities, Research and Technology Organisations with hands on expertise from pioneering companies, OPEN-INNO-TRAIN will spearhead this sustainable venture using digital innovation hubs, co-tutelle, industrial PhDs, PPPs and training measures to encourage international cooperation among researchers and industry practitioners across disciplines whose final aim is to holistically foster, enhance and sustain over time the application of good research translation practices.

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Coordinator

ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY SPAIN SL
Net EU contribution
€ 115 000,00
Address
Calle maldonado 28
28006 Madrid
Spain

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Region
Comunidad de Madrid Comunidad de Madrid Madrid
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Other funding
€ 0,00

Participants (20)

Partners (1)