INNOVATION IS A VITAL PIECE FOR BUSINESS GROWTH

Funicular

What is innovation?

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.

The Highlands and Islands region is full of small to medium-sized businesses. 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.

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 your with confidence.

How we can help you

Find out more about our innovation support.

HIE's Innovation Service

HIE's innovation service can provide you with expert advice and funding to help you get your ideas off the ground.

R&D funding

We have R&D funding available for businesses of all sizes in the Highlands and Islands of Scotland.

New Product Development Programme

This programme is for established businesses across the Highlands and Islands region, who are looking to develop new products or services.

Northern Innovation Hub

Wide range of business support and funding, including business development, events, training and one-to-one workshops.

Browse all support services

We support businesses, communities and social enterprises through a range of support services, including advice, funding, events and property. Find out how we can help you.

Innovate UK

Innovate UK supports UK-based businesses to invest in research, development and innovation through grant funding, loans or procurements. Browse and apply for funding

Hear from recent participants about the Ideas for Growth Innovation Masterclass

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 a faster rate.

However you implement it, innovation makes your business stronger, more profitable and better equipped for whatever challenges it faces.

HOW CAN MY BUSINESS BEGIN TO INNOVATE?

We can work with you to identify areas of operation where innovation can help you stay ahead of your competition, improve productivity, or help you reach new customers. This could be with a new product, a new process or a new business model.

Have a look at our video and hear first hand about how our Ideas for Growth Innovation Masterclass benefits local businesses to develop and grow. 

Talk Innovation - podcast series

EPISODES

Talk Innovation with Renewable Parts

In this first episode of Talk Innovation, host Clare English is chatting to Michael Forbes, General Manager and Refurbishment Engineer at Renewable Parts, a supplier of new and refurbished turbine parts to the global wind energy sector.

Together, they discuss the support the business has received from the HIE Innovation team and the impact it has brought. Michael plays a key role in the Renewable Parts team, which is helping establish the business firmly as innovators in green technology for the wind industry.

Talk Innovation with Studio Vans

In this episode of Talk Innovation our host, Clare English, is chatting to General Manager, Rob Hall, and Studio Coordinator, Calum Ferguson, at Studio Vans. 

The business specialises in the creation of design-led, ready-to-go fit-outs for campervan conversions. They discuss a range of subjects including their emphasis on sustainability and how they are collaborating with designers to repurpose island ocean plastic and other materials into objects that can be reused. Studio Vans received support on their innovation journey from HIE's innovation team. Hear what the benefits have been and the impacts delivered as a result.  

Talk Innovation with Fuze Management Services / The VR Hive

In this episode, host Clare English chats to the team from Arisaig-based Fuze Management Services about their new venture, The VR Hive. George Mclean, Project Manager, and Laura Sheerman, Research and Education Lead at The VR Hive explain how creating a 360°, active learning environment that dissolves the barrier between virtual and actual reality helps trainees develop their soft skills. 

About the show

Our Talk Innovation podcast series is hosted by former BBC Radio 4 and BBC Radio Scotland presenter, Clare English. The series features Highlands and Islands based companies doing interesting, impactful work by adopting innovative practices within their business model. 

The Co-Innovate programme discussed in this podcast is supported by the European Union's INTERREG VA Programme, managed by the Special EU Programmes Body (SEUPB).

Innovation in practice

Hear from some of the businesses we've worked with on innovation projects.

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.

CRÙBAG

HIE supports Argyll-based business Crùbag through its innovation service.

Newsletter

Sign up for all the latest news, information on investments and development opportunities from across our region.