WHAT IS INNOVATION FOR BUSINESS?

Looking to improve your offering, increase efficiency, or simply make things better? HIE’s innovation services are designed to help companies in the Highlands and Islands find out what innovation could mean to their business, whatever the industry and whatever the size.

What is innovation? 

Innovation is about making things better, and it’s something every business can do. It might be as large-scale as developing a new product or service, or as simple as changing an internal process to make things more efficient. 

It’s about turning new ideas into commercial opportunities, and adapting your business model to the growing needs of markets and consumers. It’s about making sure your company can adapt as the market does, and staying competitive – even in difficult to navigate situations.

Why do businesses need to innovate?

Innovation doesn’t just mean inventing – it’s sometimes as simple as finding a new way to make an everyday activity more efficient. Your time is valuable and –  however you achieve it - innovation is there to free up more of it so you can focus on the thing that really matters – growing your business. 

Markets are continually changing, your organisation needs to adapt with them. Something that worked ten years ago may have less impact now, or could be made better through new technology.

Innovation can touch every part of your business, helping you remain competitive in even turbulent markets.  It’s there to help you:

  • Improve productivity
  • Introduce new products
  • Add value to existing offerings
  • Reduce costs and improve profitability
  • Increase turnover
  • Introduce your business to new markets
  • Discover new areas for your organisation to develop

Whatever the end goal and whatever the industry, we’re here to help. Find out more about HIE’s innovation services and how you can apply for funding, research or support. 

How do I innovate?

Bringing innovation into your workplace isn’t as difficult as it might seem – we’re here to support your organisation through every aspect of the journey; from research and development, to grant funding or advice. Interested in finding out what innovation could mean to your company?

Read a full list of HIE’s innovation services or apply to speak to an expert advisor.

Back to top