Innovation is a vital piece of business growth
What is it?
Innovation is something every business can be part of. In its simplest form, it’s about improvement. It could be as unassuming as a change to internal systems, or as grand as the large-scale development of a new product or business direction.
Why should businesses innovate?
Research tells us that innovative companies grow faster and more profitably than others. When you innovate, you are adapting your business to the changing needs of markets and consumers. This keeps you one step ahead of the competition and makes the business more likely to succeed.
Businesses that foster a culture of openness and innovation inspire employees to contribute towards business improvement and idea generation. This helps employees feel more engaged and happier at work, making them more productive as a result. Increased productivity leads to increased profits and at a faster rate.
However you implement it, innovation makes your business stronger, more profitable and better equipped for whatever challenges it faces - so you can work on growing with confidence.
How we can help
At HIE we know that supporting SMEs to bring innovation into their business practice will benefit the whole economy in the long-term, so we’re here to help.
We have a team of specialist advisers available to help you plan and execute your innovation project, contact us today.
How are businesses innovating?
Have a look at a few of our case studies to learn more about how businesses across the Highlands and Islands are building innovation into their operations.
Ri Cruden
Find out how this family business is boosting efficiency, cutting carbon and creating safer spaces for training apprentices.
Skyeskyns
Skyeskyns develops handcrafted marbled leather collection with HIE innovation support
H&I Adventures
After spending early two decades crafting unforgettable guided mountain biking holidays across the world, H&I Adventures advancing digital innovation with HIE support.
Eileen Gatt
Eileen Gatt is a skilled jeweller and silversmith, who turned a former post office in the Black Isle into her studio where she creates beautiful jewellery
Gro for Good
Find out more about aquaponics and how Gro for Good benefited from HIE innovation support in developing its local, nutritional food production.
