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The IKE Institute (IKE) is the UK’s professional body for innovators. IKE is represented on the BSI (British Standards Institute)/ISO (International Standards Organisation) Committee for developing international standards for innovation.
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IKE Institute's Investor in Innovations® (I3) Standard is a robust and well-established Benchmarking Assessment and Validation Framework (Figure 1) that comprises of the following categories:
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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
- 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
- Create a differentiated market positioning
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Investor in Innovations brings in the ISO 56000 Innovation Management Series criteria to provide a powerful Benchmarking & Validation Standard
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IKE Institute’s Investor in Innovations provides a realised framework enabling all parts of the ISO 56000 Innovation Management Guidance Series to be integrated in an effective and coherent way.
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Having this alignment also enables ISO recommended Good Practice to be incorporated, thus offering an unprecedented level of innovation support and expert guidance to fast-track an organisation’s innovation capabilities.
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The Investor in Innovations Standard can help organisations to:
- Increase their ability to manage uncertainty
- Increase growth in revenue, profit, capability and competitiveness
- Increase productivity and resource efficiency and promote agility
- Increase satisfaction of users, customers and other stakeholders
- Generate an effective Action Plan to drive continuous improvement
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IKE Institute’s Investor in Innovations provides a realised framework enabling all parts of the ISO 56000 Innovation Management Guidance Series to be integrated in an effective and coherent way.
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Investor in Innovations Aligns to ISO 56000 Innovation Management Guidance Series
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The framework in Figure 2 illustrates how the categories in Investor in Innovations have been mapped and align with the ISO 56000 Innovation Management Series.
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The Investor in Innovations Standard inculcating the current ISO 56000 series Guidance Standards will be awarded to the successfully validated organisation for a period of 3 years.
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IKE Institute’s Certified Innovation Training Programmes at Practitioner and Leader levels underpin people development in innovation and support the creation of a strong innovation culture.
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