Opiskelijoita innovaatioleirillä.

Business Innovation Camp: collaborative tool for business development

Business Innovation Camp is a rapid, engaging innovation and university collaboration process for companies. It's a university-facilitated process where companies set a challenge for student teams to solve and introduce new thinking.

Business Innovation Camp group working

Photographer/Author

Pekka Stenholm

Combining dialogue with fresh minds moves business forward

The innovation camp combines student teams to face real-world challenges represented by case companies via a series of innovation sessions. The camp’s goal is to reduce the uncertainty in bringing a new product/service/feature to the market. Teams with curious and motivated mindsets without constraints of experienced professionals bring out novel approaches.

Benefits for companies and organisations

The process drives your experts to consider different perspectives, reconsider existing essentials and engage new internal discussions. We especially encourage to involve a customer or a partner. Camp is a easy and indirect way to learn from their needs and views alongside the process. It is also a way to enhance employer image and recruit new talents.

Benefits for students

Previous feedback from camps highlights that real business challenges in camps bring present practical perspective not usually directly available in textbooks or classrooms. The process is rapid, your task is to find out both the big picture and the missing pieces. A chance to show your skills, find your role in a team, engage informants and decision-makers, and also get possible inspiration for your thesis or future career.

boston camp
BIC process picture. Photo credit Pekka Stenholm

Photographer/Author

Pekka Stenholm

Practicalities and schedule

The Business Innovation Camp process in brief
  1. University staff interviews the case organization’s needs and helps together to plan the challenge assignment for the camp
  2. The right mentors for the challenge are linked to the process and exact schedule is agreed.
  3. University students apply for the camp. The aim is to create diverse teams between students from business school and other faculties depending on the challenge.
  4. Students receive preliminary briefings about the case organization, its industry and the methodology used.
  5. Core of the process in intensive sessions follows a modified Design Sprint approach focusing on understanding on customer problems and needs. Briefings and problem first -orientation impacts that actual solution ideas aren't created from scratch but based on real signals from the case's business environment. Outcomes aim both for novelty and feasibility.
  6. Teams pitch their solution to broader audience from the case organization and their partners with also senior management present.
  7. As the outcome the pitches illustrate future development avenues for the case organization. For the students process opens up new opportunities and contacts as well. Ideally in some cases team can get to implement their idea later in practice.
Schedule

A camp can be organized during the semester from approximately between September and April. The exact schedule is planned in each case separately. 

Camp's format and duration

The implementation of the camp is planned based on the topic and the number of involved parties in a way that best serves the purpose. Typically, the camp includes 1–2 shorter preliminary meetings, while the main innovation camp phase usually lasts around 2–4 days. The schedule can also be distributed flexibly, and parts of the work can be conducted remotely. Innovation camps are generally organized at least partially outside the campus, often including visits to client companies.

If the innovation camp is conducted entirely remotely, it is divided into multiple sessions of approximately 2–2.5 hours, utilizing tools such as Zoom and Miro. The implementation can be scheduled and planned very flexibly as needed.

Service costs

Base service fee for case organisation(s) is ca. 10 000 EUR - 15 000 EUR + VAT excluding possible expenses related to premises and catering if organised by University of Turku. Will be specified in detailed offer.

Student selection for the camp

Each separate camp will be separately informed to students via emails and e.g. Mercatalks Facebook group. Students apply with a brief application according to instructions of each specific camp. Usually camp is recommended earliest during the second year of studies but also students very near to graduation are very welcomed. Depending on the case certain majors might be emphasized but generally the goal is to form multibackground teams and every University of Turku major is welcomed. Student can apply for ECTS credits against completion of a specific camp, see the description.

Watch the Finland-Singapore Maritime Innovation Camp December 2022 - video summary:
Watch the pitching event of 2020 camp in Singapore:

Want to know how the Business Innovation Camp could contribute to your development efforts? Contact us!