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Ferrovial

Ferrovial - Integrated annual report 2013 / Innovation

Commitment

  • Innovation contributes to sustainable competitiveness and value creation.

Lines of action

  • Coordinate strategy and global policy on innovation.
  • Foster innovation opportunities within priority business areas.
  • Appropriate use and safeguarding of the results of R&D&i activities.
  • Foster a culture of innovation among employees, encouraging creativity and its implementation.
  • Define innovation resources and improve the innovation process.
  • Outline the communication policy in this area.

2013 Milestones

  • Took part in the government’s plans to aid innovation, and in particular the preparations for the Horizon 2020 program.
  • Registered patents on innovations in production.
  • Developed and implemented 35 ideas from the Ferrovial Innovation Awards program.
  • Launched the Cities Open Challenge by Ferrovial program to gather innovative ideas that deal with the challenges of city life.
  • Participated in the Spain Startup & Investor Summit to attract talent and identify disruptive innovations.
  • Reorganized innovation management in Ferrovial Servicios, with the creation of four competence centers: environment, cities, infrastructures and asset management.

2014 Goals

  • Organize the 2nd Ferrovial Innovation Awards.
  • Foster entrepreneurial leadership to identify and develop new business opportunities, and to explore new practices for managing innovation.
  • Create and develop Living Labs for innovation projects in Smart Cities.
  • Boost the internationalization of innovation activities.
  • Launch the ideas creation platform for employees.
  • Development of innovation projects in priority areas.

As a model company in the infrastructures and services sectors, Ferrovial contributes toward improvements in the future of society with its commitment to talent, integrity, safety, excellence and innovation. Innovation is one of the five values that define it as a company, and through which it inspires, transforms and contributes to progress.

Innovation

Innovation 201320122011
Investment in innovation (M€)1 32.9  32.6 51.2

(1) This figure includes 758,000 euro in 2013 and 769,000 euro in 2012 corresponding to Ferrovial’s collaboration with the MIT, which is accounted for as R&D&i and community investment.

Ferrovial focuses its innovation work on developing technologies applied to infrastructure construction, transportation, municipal services, water, energy efficiency and environmental sustainability, in order to manage complex operations and offer clients outstanding solutions.

The innovation policy is developed through an open innovation model that creates an ecosystem of partners made up of companies, government, universities and entrepreneurs, capable of enhancing the innovation process through the exchange of ideas with third parties.

Innovation strategy covers three levels:

  1. A common system of governance to establish the open innovation model and deal with challenges and opportunities.
  2. An innovation community that seeks to identify relevant individuals and to foster an appropriate cultural climate.
  3. The necessary resources for development, such as information, funding, ecosystem and programs supporting the model.

Innovation governance is executed through the Global Innovation Group, which is chaired by the General Manager for Innovation Systems and Innovation. It includes representatives from all the company’s business lines through the Innovation managers, together with key Human Resources functions. It is responsible for developing the strategy of innovation, coordinating global programs, sharing information on special projects and best practices and contributing to establish the culture of innovation.

Ferrovial has designed a program for action aimed at promoting knowledge of innovation across the whole organization. It makes it easier to identify and implement innovative solutions for businesses and clients through existing resources and centers, in accordance with established strategy and priority areas. This program includes actions such as the organization of innovation workshop days for executives, the review of innovation skills in Human Resources policies (selection, evaluation, development and remuneration), training in creativity, innovation and entrepreneurship, and the organization of innovation awards for employees (the Ferrovial Innovation Awards).

Among the resources used to develop innovation strategy are the following:

  • The Intelligent Infrastructure Innovation Center (CI3), based on the “triple helix” model (private company, university and government) to develop information technologies applied to infrastructure management.
  • R&D&i departments specializing in water (urban and industrial waste-water treatment and desalination using inverse osmosis) and waste management (processes in controlled deposits, treatment of leachates and reuse of waste as materials and energy).
  • The internal competence centers dedicated to the management of assets, intelligent transport systems, cities, the environment and infrastructures. They aim to optimize the management of processes through best practices and the implementation of innovative solutions.
  • The technical offices in the different business units for the design and development of new technologies and processes.
  • Agreements with over 30 universities and technological centers in the search for specialized knowledge; in particular, the agreement with the Massachusetts Institute of Technology (MIT) focused on research into the energy efficiency of infrastructures.
  • Collaboration on programs developing enterprise projects such as IBM Smartcamp, Pasion>ie and Spain Startup & Investor Summit, with the aim of identifying talent, discovering new and better ways of competing and bringing them to market.

In 2013 Ferrovial managed a total investment of 32.9 million euro in innovation, similar to the previous year, on more than 100 projects underway.

The company has registered almost 200 patents to protect its intellectual property in strategic areas of research. In 2013, among the patents registered were a pulling machine for unloading and laying railroad tracks, ozone disinfection for containers, and a streetcar rail sweeper.