The Investors in Innovations® Validation is a leading-edge standard which gives organisations a practical means to assess, benchmark and validate its innovation capability. It’s now validated, in accordance with the new ISO 56002 standard. City of Glasgow College is the first organisation in the UK to hold this validation, in accordance with the new ISO 56002 standard.
The framework offers a 360-degree view of an organisation’s innovation position through the eyes of its customers and stakeholders. It uses a well-defined six-category framework: Strategy and Alignment; Organisational Readiness; Core Capabilities, Technologies and IP; Industry Foresight; Customer Awareness; and Impact and Value.
Who is it suitable for?
Any organisation large or small wishing to improve their innovation capability and maturity level, and become a recognised investor in innovations organisation.
Why should I apply?
Applying Investor in Innovations can help an organisation to:
- Benchmark its approach to innovation in accordance to the ISO 56002 Guidance.
- Generate a more effective roadmap for its growth opportunity profiles.
- Create a better focus on developing innovation portfolios.
- Drive a more flexible and collaborative culture to support innovation.
- Reconfigure and strengthen its ecosystem and partnerships.
- Underpin and inform its key transformation and business improvement initiatives.
- Formulate impact scorecards to measure innovation performance.
- Enhance R&D focus and achieve better leverage from open innovation.
- Improve its business operating model to exploit innovation at pace.
- Create a differentiated market and capability positioning.
The Accreditation Process
The 5-stage Investor in Innovations® Standard accreditation process is straightforward, structured and streamlined to be time-efficient for the organisation undertaking application for the Standard. All organisations are guided by IKE Institute Advisors, who are all experts in innovation, to ensure clarity of engagement and effective use of the applying organisation’s resources.
Upon successful achievement of the Investor in Innovations® Standard accredited status, the organisation will receive the Investor in Innovations® Certificate(s) together with the Plaque and crystal Award. The Investor in Innovations® Award lasts for 3 years with a programme of monitoring, Review and Reporting, conducted annually to ensure that the accredited organisation continually improves its innovation capability and level of innovation maturity.
Further Information
For more information about IKE’s Investor in Innovations Standard, please contact - Stuart McDowall - Head of Innovation & STEM or complete our Enquiry Form and a member of the team will be in touch