Study on Hackathons for New Innovation Seed and Business Model Development Needs in Digitalization Driven Sustainability, Circularity and Environmentally Friendly Solutions Demanding Digitalizing Societies | Chapter 01 | New Innovations in Economics, Business and Management Vol. 4

 Companies in industrialised countries are under increasing legal pressure from governments and local governments to become more environmentally friendly. Nowadays, sustainability is a commercial benefit and a clear competitive advantage, and it is an intrinsic part of the business strategies of several front-line organisations [1-3]. In this complicated climate, businesses have a number of options for making their services and products, operational operations, and business models more sustainable. This can be accomplished, for example, by lowering income disparity [99] and reducing negative environmental effect [4]. Companies can either engage expensive consultants and study step-by-step guidebooks for reducing waste and conducting more environmentally friendly operations, or they can innovate and advance to a new level of sustainable manufacturing. Different organisations generally work with higher education institutions as part of their innovation strategy, with the purpose of acquiring and implementing new sustainable solution seeds for company operations. Hackathons, code camps, and other similar events are examples of collaborations that have proven to be effective generators of innovation seeds. The study's goal was to map alternative hackathon event cooperation tactics in order to get better results in terms of sustainability in the company-university collaboration connection. This research is based on published materials and data from many companies in Russia, Finland, and Estonia that have successfully developed innovative business ideas. In addition to gaining operational sustainability, the enterprises have reduced energy usage and CO2 emissions and carbon footprints for themselves and their consumers.

Author(S) Details

Ari Happonen
LUT School of Engineering Science, LUT University, Lappeenranta, Finland.

Alexander Nolte
Institute of Computer Science, University of Tartu, Tartu, Estonia and Institute for Software Research, Carnegie Mellon University, Pittsburgh, PA, USA.

Nadia Bystriakova
The Natural History Museum, London, England, United Kingdom.

Ulla Santti
Bio and Circular Economy, Savonia University of Applied Sciences, Kuopio, Finland.

Kalle Kärhä
Forest Finland, Forest Division, Stora Enso, Helsinki, Finland.

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