PICTURE 6 Different open-innovation mechanisms deployed by inancial entities Initiative Corporate Cultural Impact Exposition Startup StageTerm for Commercial Strategic FitRisk Cost Involvement to Media implementation Impact Startup 2 Medium / Medium Seed / Short Term Low 4 Low Low Competitions High Pre-seed Low / Limited High Commercial Pilot 5 Medium (only study Series A Short Term (short and 10 Low Medium cases) long term) CVC Investment 7 Limited / Medium / Series A - DShort Term Low / High 7 High High None High Mergers 8 Limited / Medium / Series C + Short Term Medium 9 Medium High & Acquisitions None High Internal Incubator 10 Depending No N/A Medium Term Low 7 Medium Medium on training Traditional R+D 10 Limited / No N/A Long Term Low / High 7 High High None Source: Finnovista A TWO-WAY PATH52