Innovation Institute

Investor in Innovations Standard

Recognising innovation as a strategic driver for business growth

Investor in Innovations® is an integrated, leading-edge Standard that offers a practical way for an organisation to assess, validate and benchmark its innovation capability. It uses a well-defined six-category Framework that brings together: strategy and alignment; organisational readiness; core capabilities, technologies and IP; industry foresight; customer awareness and impact and value. In addition, Investor in Innovations® is a business diagnostic, used to understand where an organisation is and where it needs to be from an innovation standpoint. A coherent Action Plan to close the innovation gap is a key outcome from this programme. 

The resulting impact is a stronger innovation culture, opportunities for performance improvement, diversification (product and market) and a visible differentiation of your organisation as an innovation leader.

Achieving the Investor in Innovations® Award will enable your organisation to demonstrate to its stakeholders its strategic commitment to innovation, has been validated independently. 

The Investor in Innovations® standard was published in the prestigious Science in Parliament Journal. Click here to read the article.

WHO IS IT SUITABLE FOR?

Businesses, private and public sector organisations

BENEFITS

Investor in Innovations helps your organisation to build:

  1. A benchmark for your innovation approach
  2. An effective innovation strategy
  3. A culture of innovation
  4. Improved business models
  5. Open innovation programmes
  6. Innovation capability through the supply chain 
  7. Attractive innovation investment portfolios
  8. A stronger approach to business process improvement &
    change management initiatives
  9. Better innovation scorecards cascaded to suppliers, partners & stakeholders
  10. Opportunities for product and market diversification

Thus, differentiating your organisation as an innovation leader.

PROCESS

The process is undertaken in multiple stages and is based upon rigorous self-assessment supported by an experienced team of IKE Advisors.

Need More Information?

 
 
 
 
 
 
 

FEEDBACK

"Investor in Innovations made us look at ourselves and understand what we were doing. I3 raised our consciousness of what we do in innovation.  Achieving the Investor in Innovation has helped to raise our focus on innovation. We are an engineering company and it is extremely important that we continue to innovate and it is also important that we don’t take it for granted! We have to continue to reinvent ourselves and how we do things. Investor in Innovations has also raised our profile within the organisation. The process of achieving the accreditation also showed up gaps and has given us some benchmarking. The benchmarking element is extremely valuable for us to continue to improve innovation."
Michael Christie, Strategy Director and Chief Technologist, Military Aircraft and Information, BAE Systems, Jan 2017

"Companies have to look hard at how to use their IP effectively, to protect or expand their existing markets, as well as create revenue streams from something that would otherwise be a passive asset. Using the Investor in Innovations framework together with the expert guidance of the Advisors from the Institute of Innovation and Knowledge Exchange, has enabled us to identify further actions that enhance our approach to achieving total IP management, thus maximising the benefit of IP exploitation to our customers. We are pleased to be the first organisation in Singapore to embrace the Investor in Innovations standard."
Jason Loh, Head of the IP Group, Panasonic, Oct 2016

“Achieving the Investor in Innovations accreditation, which benchmarked our innovation capability and creativity against a global backdrop of leading edge organisations only confirms that City of Glasgow College is a global leader in technical and professional education. We continue to build upon our culture of excellence through innovation and near market research.” 
Paul Little, Principal and Chief Executive, May 2016

“We’ve been quite impressed, if not slightly startled about how thorough the whole process is and the quality of the peer review that come from other industry experts, so we found it a very valuable but challenging process and it’s helped us now build improvement plans to get even better at innovation.”
Dr Alvin Wilby, Vice President Thales Group, Dec 2015

“Universities have the potential to be innovation engines for the economy, using their knowledge and expertise to catalyse socioeconomic development – and Plymouth is very proud of its track record in this field. Undergoing the Investor in Innovations Standard has helped us to refine and refocus our innovation efforts and align these with the University’s overall Business Strategy.”
Professor Simon Payne, Deputy Vice-Chancellor, Oct 2015

"This award is official recognition for the culture of innovation at TyneMet. Its new IGNITE Centre for Engineering and Innovation is a prime example of this. Providing the specialist capability to embed the innovation skills in the workforce. It will also make a telling contribution to the LEP's Strategic Economic Plan of creating more and better jobs for the North East economy." 

Hans Möller, North East LEP Innovation Director, Oct 2015

 

Intelligent Strategies for a flexible, innovative workforce