2024 Corporate Innovation Days: Bridging academia, industry and government together
125 participants, including academics, students, industry leaders, and government representatives from Denmark and China, were drawn to the Yanqihu campus north of Beijing, when SDC hosted the annual Corporate Innovation Days.
The event’s theme, "Future-Ready: Gaining a Competitive Edge in a Changing World" focused on fostering collaboration between Triple Helix partners from academia, business and government to address global challenges and innovation opportunities amidst the rapidly evolving economic landscape.
The two-day event featured keynotes, case studies, panel discussions and a problem-solving oriented workshop aimed at connecting theoretical insights with practical strategies. Addressing the unique challenges of operating in China’s fast-paced market, the event emphasized Denmark’s expertise in sustainability and innovation as a competitive strength in collaborative ventures with China. Special attention during the event was given to volatile, uncertain, complex, and ambiguous (VUCA) conditions defining today’s business world and underscoring the urgency for businesses and academic institutions to embrace adaptability and resilience.
Connecting theory and practice
In his opening remarks, Executive Director Morten Laugesen emphasized the importance of bridging academia and industry, with students playing a central role in this connection.
'In academia, we equip the next generation of innovators with a solid theoretical foundation to understand industry advancements. By actively engaging with industry, inviting them to share their challenges and strategies, we gain invaluable insights and fresh perspectives. True understanding goes beyond research; it requires bridging academia with the business world,' Morten Laugesen said.
Student perspective: A global lens on business
Second-year Innovation Management student Rasmus Lund Hansen shared his experience of participating in the event for the second year running.
'I attended last year and found it very insightful, especially in understanding what is happening in China. Last year had more of a Chinese business focus, whereas this year there were more Danish companies. I plan to stay in China after graduation, so it was a great opportunity to see what Danish businesses think of the market here. Back home, you often hear negative perspectives, so it was refreshing to hear from Danish companies actively working here,' he said.
Case studies in innovation
A keynote presentation by Michael Madsen, Vice President at Danfoss, focused on the dual challenges and opportunities Danish companies face in China. He emphasized the need for companies to adopt agile strategies that account for the speed and complexity of changes in China's regulatory and economic environment. The presentation highlighted the importance of aligning sustainable innovation with local needs, particularly in sectors like energy efficiency and green technologies.
Michael Madsen also stressed fostering partnerships and understanding the nuances of China’s consumer base to stay competitive. His insights provided actionable strategies for balancing global ambitions with localized adaptability, resonating with the event’s theme of achieving a future-ready competitive edge.
Another of the event’s highlights was a keynote by Carrie Yang, Marketing and Innovation Director at Arla Foods China. She presented a very practice-oriented case on introducing Cocio chocolate milk to the Chinese market, which sparked engagement among participants.
‘Sharing may be one-way, but the learning is mutual. The discussions brought valuable perspectives to the brand. Students, with their solid backgrounds, analyzed the case thoroughly, applied the company’s perspective, and asked excellent questions. I truly appreciated the open and constructive atmosphere,' she said.
Engagement around these cases exemplified how Corporate Innovation Days can offer businesses a platform to gain feedback while challenging students to apply academic principles in real-world scenarios.
Expanding Partners’ Network behind CID
CID 2024 marked a significant milestone with the Danish-Chinese Business Forum (DCBF) joining as a co-organizer for the first time. This partnership brought a profound new dimension to the event and helped with intruding SDC to more industrial partners. Hans Henrik Pontoppidan, Secretary General of DCBF, delivered a compelling keynote address, emphasizing the critical juncture at which Danish companies find themselves in the Chinese market. He highlighted China’s dual role as both a key trading partner and an increasingly formidable competitor in global innovation rankings.
The presentation outlined strategies for staying competitive, including fostering local partnerships, adapting business models to suit China’s unique market dynamics, and ensuring robust intellectual property protection. He also noted the growing complexity of operating in China, urging companies to adopt agile and resilient strategies to navigate challenges such as regulatory shifts and increased competition from local firms. The keynote added to actionable insights of CID, emphasizing the importance of balancing innovation with strategic awareness.
Professional Fusion Zone and Networking Opportunities
As well as last year, a standout feature of the event was the Professional Fusion Zone session, a unique interactive space designed for networking and opportunities exploration. The session provided students, researchers, and industry leaders with opportunities to engage in direct dialogue. It was a platform for exploring internship openings, project collaborations, and long-term partnerships.
The Professional Fusion Zone encouraged students to interact with professionals, gaining firsthand insights into the practical applications of their studies and the challenges faced by businesses in a competitive, fast-changing world. For companies, the Zone offered a chance to connect with the next generation of talent, showcase their innovations, and identify potential collaborators for projects aligned with the event’s themes of strategic future-oriented innovation.
Preparing for the future
The first Corporate Innovation Days took place in 2015, and ever since industry, academia, and students have been brought together to foster innovation and problem-solving. This year the participants left with practical insights and a shared focus on staying competitive in a fast-changing world, strengthening the connection between academia and industry.
The event is co-organized by SDC, Danish Chamber of Commerce in China, Danish-Chinese Business Forum and Innovation Center Denmark.