Innovation

 

The LIIT as an innovation delivery mechanism.

The LIIT was created to drive innovation in Loveworld. With its Innovation Communities, the LIIT will develop and test new models of how innovation is approached, managed, financed and delivered in Loveworld.

To do this, the LIIT is creating a new environment in which innovation thrives, and a new way in which business, ideas and people collaborate. This approach will help in addressing the increasingly complex and interlinked challenges set out in Scope Loveworld, the Loveworld Framework Programme for Innovation and Research, by combining internal and external innovation and bringing together people from different fields, backgrounds and disciplines – who otherwise would not necessarily meet – to jointly find solutions to challenges by developing innovative projects.

Innovation is at the heart of all the LIIT’s activities. From idea to product and service, from student and researcher to entrepreneur, from institute to the market – the LIIT is triggering a change towards a more innovative and entrepreneurial mindset in Loveworld.

‘innovation’ means the process, including its outcome, by which new ideas respond to societal or economic needs and demand and generate new products, services or business and organisational models that are successfully introduced into an existing market or that are able to create new markets and that provide value to society.

As a Loveworld Initiative, the institute shares new, innovative approaches and good practices emerging from the Innovation Communities for the benefit of the Loveworld nation.