Demola is an internationally recognized and awarded open innovation platform and environment, where multi-disciplinary student teams create new solutions to real problems.
The purpose of Demola is to offer platform for companies and organizations to effectively experiment and test new ideas, but also to validate and solve problems. Demola projects offer them the possibility to work with multidisciplinary talented teams in fully facilitated innovation environment consisting of university students, researchers and other companies. In the 3-4 months long co-creation process with the talent team our partners participate in problem validation, concept development, demo building and end-user validation. In Demola we have worked with over 700 companies world-wide and we have done over 1500 projects.
Demola-Budapest is also operating as a start-up incubator supporting talents in developing entrepreneurial skills and provides tailored support for early-stage, high-growth businesses and ideas.
BME Innovation Lab is the home of Demola-Budapest.
For both students, company mentors and university professors, Demola provides a common framework and an inspiring atmosphere of creative co-creation and new learning environment.
At Demola, university students and professors develop product and service demonstrators together with companies and public sector, and create new solutions to real-life problems, business ideas and start-up challenges in multidisciplinary teams.
The team projects in 4 months lead to “demos” and prototypes, whose IP is owned by the student teams
In majority of cases in the Demola Network, the IP (demos, prototypes, concepts) owned by the team is acquired by companies and organizations through a licensing system and common legal framework, international by design and used in all Demola locations.
There are proven concepts, best practices in new product and business development, and project management developed by leading university researchers and industry used in Demola process, like Minimum Viable Product (MVP), pivoting, Business Model Canvas by Osterwalder, NABC from Stanford University, Agile project management.
Demola works internationally through its Demola Centers and affiliate locations around the world. Currently, Demola operates in 12 regions, in 9 countries (Finland, Sweden, Lithuania, Latvia, Hungary, Slovenia, Spain, Russia and Mexico) running local teams in every location with 40 university partners, and has engaged more than 600 companies into co-creation with students and some researchers to date.
How Demola Project works?
STEP1 Project description
Create a project description based on guidance and discussions with Demola facilitators. This description will be the base for a project page to be created on Demola web-service.
STEP2 Project kick-off
Demola will find a strong multi-disciplinary team made up of the most talented individuals from partner universities and our international network based on applications. Demola will select the team and arrange an initial meeting to start the project. Students will self-guide the team with guidance and monitoring from Demola facilitators.
STEP3 Meetings with the project group
In a successful Demola project, the team is doing regular co-creation work with project partner in weekly or bi-weekly meetings. The project partner offers contextual information and expertise to guide the team when necessary throughout the project. The students are also supported by university professors and researchers who offer feedback and advice to the team as needed.
STEP4 Evaluation and further development decision
Project results are owned by the students. The project partner has the chance to evaluate the outcomes of the project. If the project partner sees the results as valuable, they can purchase a license to the results and utilize them for further development.