Lund Innovation Ecosystem Portfolio Tracking
Lund Innovation Ecosystem Portfolio Tracking (LIEPT) is a method to monitor and analyse the development of portfolios of different innovation efforts, over time, within a multistakeholder innovation ecosystem.
The LIEPT model consists of four main elements
The LIEPT model has been developed gradually through the work of the Future by Lund innovation platform. It’s been created out of the need to identify growth in ecosystems and of follow portfolios. By integrating different models, such as Vinnväxt's layer model (by Vinnova Sweden’s innovation agency), OPSI's innovation tool (by OECD) and the zone model from Future by Lund, a comprehensive method is created to visualise and track changes in an innovation portfolio.
The LIEPT model provides us with a dialogue tool to support collaboration in a complex innovation context. It also allows us to visualise and track changes in resources in the ecosystem, for example in the form of money, time, materials, and critical events connected to a theme or portfolio.
Area of interest
Determining the area of interest.
Data collection
Advanced analysis of financing data.
OPSI & Zonmodell
Understanding when to do what.
The layer model
Effects in an Ecosystem.
A method for tracking and understanding change
The LIEPT model offers an approach to track and understand changes over time and to have a dialogue in a complex context.
Setting the area of interest
Setting an area of interest or setting a “scope” involves defining and framing what to monitor by specifying themes, areas, or portfolios for analysis.
This is a subjective choice and perspective. Though this a start and a baseline is created clarifying what and who is included, what activities and areas to build and include, and thereby what to monitor.
OPSI's model and the zone model
This part combines OPSI's Portfolio Exploration Tool, with the zone model and divides innovations into four areas and uses two axes to understand and map innovation activities character. The zone model categorises activities in the innovation process into yellow, green and blue zones to represent different phases.
Together, they can visualise the character and movements of the portfolio's activities and projects over time, which often change and have different needs.
Effects in an Ecosystem
This model divides the development into four layers. The first layer (orange) includes core funding for the scope, the second layer (yellow) includes project funding for projects led or participated in by the platform, the third layer (green) includes project funding for partners outside the scope, and the fourth layer focuses on qualitative events linked to business and private investment.
Analysis of funding data
This part is based on Lund University's tool for advanced data processing of funding data from the Swedish and European public support system in combination with self-collected quantitative data. This enables visualisation of who receives funding, where it comes from and how it combines with other models to show follow-on projects and area development.
The LIEPT model thus creates an opportunity to track and understand the evolution of innovation ecosystems over time, enabling actors to strategically manage their portfolios and make informed decisions for future actions.
Portfolios in focus
In our work, we start from a portfolio logic, to explore how we can transform an innovation area or create a completely new area. Here is a selection of our portfolios!
The Zone Model
The zone model categorises activities in the innovation process into yellow, green, and blue zones to represent different innovation phases. The model functions as a map for the partners to orient themselves and gain an understanding of when and how to do what. The Future by Lundnetwork operates mainly in green and yellow zones.
YELLOW ZONE
Exploring the Unknown
The yellow zone is an open, shared, and neutral space where the mandate is quite unclear, and organisations share challenges and opportunities.
Who owns what, and who will do what is not clear. It is therefore necessary to co-create and to work with neutrally and being transparent. In the yellow zone, you need to stimulate, explore, experiment, facilitate, test, and monitor the world around you to create knowledge and understanding.
Organisations can share the risks of the unknown and unformulated. It is important to create relationships for future partnerships, and the commitment and presence of the participants drive the opportunities.
Type of funding: Seed funding.
GREEN ZONE
Partnership in the space in between
The green zone is in the space in-between organisations. There is a need for collaboration and dialogue with shared mandates.
Organizations must negotiate and create agreements about who does what, what can be done together, and how it should be done.
It also includes conceptualisation and consortia building related to interests, specific projects, and partnerships.
Type of funding: Project funding.
BLUE ZONE
In your own organisation
In the blue zone, the organisation decides for itself, has control and mandate.
The work takes place within the structure of the own organization and with the logic by which you conduct your business.
It can be business-driven and based on internal organizational development, investment logic, and scaling.
Type of funding: Investment.
OPSI - Portfolio Innovation Tool
The Innovation Tool is a way to manage innovation portfolios that have been based on OPSI's Portfolio Exploration Tool. The model categorises innovation work, including to create an overview of the types of projects and initiatives that organisations are running and which they may be missing.
OPSI describes different innovation aspects, facets, enhancement-oriented, adaptive innovation, mission-oriented innovation and anticipatory innovation.
The portfolio strategy is a way of visualising and analysing a selected innovation area/portfolio in order to better understand how to develop this and how the parts relate to each other. Each facet also has its own methods for the best possible development. For example, in "anticipatory" it's "What if" questions, scenarios, radical and exploratory, while "enhancement" is about improvements such as more, faster and better.
Immerse yourself in our methods
Below you will find in-depth articles about our methods and portfolios.
Intermediary actors wanted!
Future by Lund works in the gap between research, organisations and institutions, the public and private sectors, academia and business. Are you as an actor interested in working with us in the gap – get in touch!
