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Photo: Entreprenörskapsforum
Vinit Parida receives the award. Photo: Entreprenörskapsforum View original picture , opens in new tab/window

Won the young entrepreneurship researcher award

Published: 21 October 2016

Vinit Parida, Professor of Entrepreneurship and Innovation at Luleå University of technology, has received a young researcher award for his research concerning global industrial service innovation.

– In our field, this is the most prestigious award you can win if you are under 35 years old. The competition is tough. I feel very happy and honored and I think it´s definitely something that will help me to keep motivated and to keep me moving forward. It’s nice with recognitions.

More and more manufacturing companies such as Ericsson, Volvo and Sandvik invests today in increased innovation and growth by combining existing products with advanced industrial service innovations. But to succeed globally also requires abilities in digitization and networking.

This applies not only to multinational companies. But even more to  small and medium-sized enterprises (SMEs) that are in greater need to exploit the knowledge of new technologies and networking for implementation of entrepreneurial strategy to reach out globally.

– The capability to use digital competence means having the ability to utilize  information technology infrastructure for  achieving efficient business processes, to make more out of less. And we always say that cooperation is important, but what we don’t talk about is the fact that 70-80 percent of all types of corporations fail because of a misalignment of interests or conflicts. So companies (especially SMEs) need to have capabilities that allow them to work in a more relational way with their partners, in order to offer products and services globally and that is not that easy.

– Paridas study contributes to knowledge about how open innovation processes, internationalization of R&D, and corporate strategic abilities can lead to successful entrepreneurship, says Charlie Karlsson, Professor at Jönköping International Business School and chairman of the committee which appointed the winner.