The course in Innovation and Business Development provides knowledge and methods for analyzing business operations and achieving a completely new position in the market. Innovation and business development involve discovering new business opportunities that can be systematically utilized to create dynamic and sustainable competitive advantages. The course also provides an overview of key actors in the innovation ecosystem, such as internal and external venture capital, incubators/accelerators, and other types of investors.
The course addresses the relationship between sustainable societal development and innovation and business development.

Key Takeaways

• Understanding theories, terms, and methods related to innovation and business development.
• Understanding how new business opportunities are created and leveraged.
• Understanding innovation systems and the actors involved in the innovation process.
• Developing an idea through the innovation and business processes.

The course provided valuable insights and methods into the aspects of fostering innovation. The lean approach was applied through the principles of a minimum viable product (MVP) and the business model canvas to develop the product proposal.