The project aims to create new knowledge of metrics, indicators, models, and processes of innovation measurement that better reflect current global trends, and to improve knowledge of how measuring innovation can help to increase innovative capabilities of companies. Specifically, in the project we do three things: (1) Create a “diagnostic tool” for measuring innovation (2) Create a “roadmap”, which plots concrete steps and activities for how companies can do to develop their innovative capabilities. (3) Build various types of “score-cards” for measuring innovation that can be applied in companies. The project is based on a qualitative case-study design as a basis for inductive theory development.