Presenting a radically new way of enabling companies to enhance their competitiveness the ‘Innovation for Competitive Enterprise’ programme helped its participants to develop new business models, products and services and to increase their profitability.
The ‘Innovation for Competitive Enterprise’ (ICE) project was awarded €2.49 million worth of funding under the enterprise theme of the European Union’s INTERREG IVA Programme. Spearheaded by the Dundalk Institute of Technology, with University of Ulster, University of Glasgow and Glasgow Caledonian University as partners, the three year project saw experts engage with local companies through an intensive twelve month ‘learning by doing’ programme.
Speaking about the benefits of the programme, Irene McCausland, External Services Manager at DkIT said: “The core aim of the ICE project is to encourage the development of an innovation culture focused on creating commercial reward and supported by a strong network. The project is particularly relevant in the current economic climate as SME’s have tremendous potential to help lay the foundations for economic recovery.”
This project epitomises one of the core themes of the INTERREG IVA Programme, which aims to support enterprises on a cross-border basis. By encouraging greater co-operation between firms operating within different regions it is able to enhance their collective ability to compete at a global level. Innovation lies at the heart of this approach and must be supported in order for businesses to grow and prosper in a challenging economic landscape.