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Open innovation is increasingly applied in SMEs and bigger organizations, and a paradigm
shift to open innovation can benefit also the wood construction industry SMEs greatly, as it
provides ways of strengthening innovation practices and capability, and fosters the
emergence of innovation networks. The data gathered in this study confirmed that the
wood construction industry -related companies in South-East Finland were willing to cooperate
more and were well aware of the bioeconomy transition. A paradigm shift to open
innovation would significantly increase the potential of new innovation networks and
innovation practices within and between individual companies. The benefits and
implementation of open innovation in SMEs and in different industry sectors should be
studied further, especially in connection to systemic change and creation of innovation
ecosystems. Bioeconomy should be studied not only to make technological and legislative
advances but also from the networking, business model and innovation ecosystem
perspectives, to achieve a comprehensive view and to generate tools for companies to be
able to attain benefits from the emergence of bioeconomies.
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