It is one of those questions that if you ask 100 people, you will probably get 100 different answers. According to Oxford Dictionary, Innovation is a new method, idea, product. But is that so?
For me, innovation in its simplest form is exploiting new ideas and concepts according to the NEED. This need can be a technological need and/or a societal need. Most successful European Commission projects will focus on a NEED and they will have an IDEA to solve this NEED, a technology to realise this IDEA. This is simply called the NIT (Need/Idea/Technology) Analysis. All European Commission funded projects and proposals has to have a solid NIT to support them.
The European Commission also uses another very important analysis to rate potential projects. The PESTLES:
Political – Political drivers behind the concept
Environmental - Environmental factors to be considered
Social – Societal and social aspects of the concepts
Technological – Technology viability and innovation
Legal - Legislative and legal drivers that support the concept
Economical - Economical viability of the product and service and impact on EU
Scale – Scalability of the product/service
Your project concept must tick most of the PESTLES boxes above. To discuss the best way to convert your technology concept to a EC funded project, please feel free to contact me using the form below.
