The company's strategy in this area involves work in four directions:
— product innovation,
— process innovation,
— business model innovation,
— radical innovations.
The ecosystem created at PAO Severstal is an internal source of growth. It provides the study of trends emerging in the market, interaction with specialized universities, industrial companies and the scientific community to solve the company's problems.
All proposals submitted by employees to the «Idea Factory» are registered and considered by the technical council. For ideas accepted for implementation, points are awarded, which participants can exchange for gifts, a number of social services or donate to charity.
The authors of technical or organizational solutions that provide a significant economic, technical or other positive effect, after implementing their proposals, receive a monetary reward.
Authors of ideas received monetary reward
Made up the total amount of payment
Ideas are implemented
For innovative partners of Severstal, who have expertise and solutions in metallurgy and related industries, and are also ready to take part in their implementation, a special website Severstal Open Innovations has been created.
On the site, you can get acquainted with the current tasks in which the company needs help, and apply for participation. Severstal ranked third in the rating of open innovation activity among Russian companies from July 2019 to June 2020, according to the Barometer research project.