This is a session at Innov8rs Helsinki, 2 September 2019

All speakers and sessions here:

Sparking Collaboration Between a Corporate and Start-ups

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasizing sustainable innovation, total efficiency and data analytics, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2018, Wärtsilä’s net sales totaled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world.

Wärtsilä launched a Venturing Model and SparkUp Challenge in 2017 to accelerate time-to-co-creation and to get early on access to new capabilities and technologies. SparkUp is about a non-exclusive collaboration and bringing opportunities for business lines to test new technologies in the form of Proof of Concepts with start-ups and growth companies. Our Wärtsilä Acceleration Centres come into play by bringing in capabilities to enable testing performed in a short time frame. The first Challenge launched in 2017 was about Smart Marine and the second one in 2018 focused on finding Power-to-X opportunities for Energy. The winners of the SparkUp Challenges are offered 50.000 EUR, which is tied to a collaboration period of 3-6 months with Wärtsilä.

Our SparkUp Challenges for Marine and Energy have brought valuable learnings for Wärtsilä. The presentation will summarize the SparkUp-Challenge key-learnings and the opportunities for mutual business growth from the corporate venturing perspective.

Dr. Steffen Knodt

Director Digital Ventures at Wärtsilä Corp.

Steffen Knodt worked for the past 25 years in applied research & development and technology & innovation in research institutes, various corporates and together with startups. Since the beginning of 2018 Steffen is heading the Wärtsilä Digital Ventures team to foster the collaboration between the corporate world and the startup ecosystems within its venturing model, e.g. by SparkUp Challenges and co-creation opportunities in Wärtsilä’s Acceleration Centres in Helsinki and Singapore.