Business has only two functions - marketing and innovation. - Milan Kundera
ICE Project - Innovation for Competitive Enterprises (ICE) - Promoting regional economic growth and development through the establishment of a Tri_Regional Innovation Network aimed at building the innovation capacity and capability of existing SMEs in the Northern Ireland, the six southern Border Region of Ireland and Western Scotland.
The project is a joint collaboration of University of Ulster, University of Glasgow, Glasgow Caledonian and led by Dundalk Institute of Technology.
With significant changes in the economic landscape, there is a growing and recognised need to increase the innovative capacity and capability of indigenous companies and especially the Small Medium Sized Enterprises (SMEs). Within the context of this project, SMEs are defined at employing more than ten people, have moved passed the early stage development and moved into the growth phase of their life cycle and operate in any sectors excluding retail and professional services. To continue to succeed as a developed and dynamic economy in an ever-increasing global and competitive marketplace, the region needs to create innovative companies particularly those SMEs who would not traditionally have an innovative culture.
Despite the range of financial and training supports available, the number of SMEs involved in innovation is alarmingly low across the region. A number of factors can be identified that have led to low levels of innovative activity, such as:
This project is therefore focused upon Innovation for Competitive Enterprises (ICE) through a Tri-Regional Innovation Network. Growing and developing SMEs through innovation in the region is a key economic challenge. One of the main methods to address the low levels of innovation among SMEsis to promote and encourage the development of an innovation culture in the company through a dedicated in-house project led approach aimed at commercial rewards and supported by a cross border cross regional network (Tri-Regional Innovation Network).
A new approach needs to be adopted which aims to embed innovation practices within SMEs through a four-stranded approach:
The project aims to embed innovation practices within SMEs through a four-stranded approach:
Each strand will be delivered on a cross-regional cross-border basis through the tri-regional innovation network with an overall project team of one full-time Programme Manager and Project Administrator based at Dundalk Institute of Technology, one full-time Project Manager based in Scotland and one part-time Project Manager based at University of Ulster in Northern Ireland.
The additionality which the proposal brings is in regard to: -
(a) tri-regional innovation network
(b) engaging with SMEs through an in-house real-life project approach resulting in increased turnover, profitability and employee numbers as outlined in the outputs below. The approach is one of “learning by doing”.
(c) involvement of multidisciplinary experts with sectoral and market knowledge
(d) the introduction of mechanisms that allow staff within SMEs to engage in innovative activities
(e) essential skills development within companies thus building absorptive capacity.
The Key quantitative and qualitative outputs expected from the project are:
The project is a three-year programme with a three-month set-up phase and a three-month wrap-up phase. The total project funding is €2.49m from the EU INTERREG IVA Programme with match funding contribution from Scottish Enterprise.