Good practice:

M4FUTURE_comprehensive corporate innovaton model

This is a comprehensive corporate innovation model that encompasses the accumulated knowledge and experience in the development of MONDRAGON from the official opening of the first cooperative in 1956, through to the present day. This cooperative business model encourages participation and relationships between the agents involved in different areas, applying the three sides of the triangle of knowledge: Business, Research & Technology, and Higher Education.
The innovation model M4FUTURE is a corporate system for innovation, promotion and knowledge that consistently updates business models and promotes new activities in future sectors, like ageing and silver economy, among other.
Seven strategic areas have been identified for the future, one of these strategic areas is Healthcare, Ageing and Wellbeing, among other.
Objective-MONDRAGON’s strategic activities in the area of HEALTHCARE, AGEING AND WELLBEING have a common denominator: people, their safety and wellbeing, along with improved quality of life (in the same sense of TITTAN´s project). Moreover, all areas have the commitment to develop their activities around the same common denominators, providing, for instance, solutions to help people enjoy a more comfortable, safer daily life in their home, or transforming and creating spaces and infrastructures integrating the most advanced equipment and solutions.

The total mobilised funding amounts to 590.000 € for a period of 4 years (100.000 € for 2013, 100.000 € for 2014, 100.000 € for 2015, 170.000 € for 2016, and 120.000 € of direct staff costs for 2017).

Two businesses developed within the health sector:
•KIRO Robotics, a technology SME that specializes in the automation of equipment for the hospital sector.
•FAGOR Healthcare: offers an innovative solution for medication preparation of blister packs. The product, Medical Dispenser, makes preparation in pharmacies safer, minimizing errors and following established protocols.
The evidence in 2015 about the impact are 80 M€ in New Business Sales and 199 new employees related to new businesses.

Facilitators:
The accumulate knowledge and experience of MONDRAGON.
The own structure of MONDRAGON that involves the three sides of the knowledge triangle.
Barriers:
Economic Crisis and its efects.

This GP is a good example of how a cooperative business model encourages participation and relationships between the agents involved in different areas: Business, Research & Technology, and Higher Education. Indeed, it is an open collaborative model, providing a comprehensive corporate system for innovation, promotion and knowledge that consistently updates business models and promotes new activities in future sectors, such as the silver economy. It optimizes work methods and encourages collaboration between agents, researchers and companies, making possible building new businesses, among other activities. So far, the GP has also had an employment and job creation impact in the BC (2 new companies and 199 new employees).