Entrepreneurship

Accelerated New Product Development

Do you want to take your business to the next level of growth? Do you need to improve the speed and success of your new product and process development processes? Read about HIE's exciting new initiative with PA Consulting and register your interest for future programmes at entrepreneurship@hient.co.uk

The 2017 Pilot

Sixteen individuals from ten businesses across the HIghlands and Islands have taken part in a three month pilot to accelerate their business growth through implementing a structured approach to new product or process development.

About the 2017 Pilot

The pilot started with an in-depth and intensive two day workshop in Inverness in September 2017. This took participants through the key steps of rapid new product or process development. The workshop was delivered by Steve Carden from PA Consulting, a renowned expert in this field. Participants also benefited from learning from and networking with the other businesses in the cohort.  

Delegates attended a networking dinner on the first night of the workshop and had the opportunity to learn from Seonaidh MacDonald, formerly CEO of mLED Ltd, about his experience of developing new products and scaling a business.

During the second day of the workshop, delegates prepared a three month actoion plan for their businesses. The businesses were then supported to implement their action plan by their HIE account managers.

The businesses on the pilot also participated in two webinars delivered by experts at PA Consulting. The first webinar called "The Identification of Market Opportunities" provided practical information on how to identify, assess and prioritise opportunities. The second webinar called "Hints and Tips to commercialise your product/process" helped participants to understand how to successfully launch and commmercialise new products. 

The pilot finished with a workshop in December 2017. During this workshop paraticipants shared their progress implementing their action plans. All of the businesses made impressive strides during the three month pilot and several have new products ready to launch in early 2018.

If you are interested in takking part in a future programme to accelerate your new product and process development processes, please contact Entrepreneurship@hient.co.uk

Why innovation is important to company growth

Read PA’s recent report ‘Innovation Matters’ here

PA’s approach to helping businesses enhance product and service innovation – case studies

Rotork Controls – enhancing product and service innovation 

GN ReSound -Transforming innovative product development performance 

Novo Nordisk - Establishing a strategic innovation unit

• Putting innovation at the heart of the RAF

• Highlands and Islands Enterprise: Growing Scotland's economy by connecting over 500                businesses with specialist advisors

 

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