b'24 Partner News Summer 2020EnterpriseThe importance of innovation in engineeringHow can we ensure that innovation in UKThrough real-life stories from enterprise innovators and practical, hands-on advice engineering continues to flourish? from innovation experts, our aim was to explore and understand these barriers in more detail, and establish how brands can overcome these challenges. The UK has a long and illustriousHowever, encouraging innovation inThe next step? history in manufacturing andengineering is one thing, but putting it intoTo continue conversations with brands and engineering. However, as a nation, wepractice is another entirely. When creatingwith innovation experts around how to cant afford to rest on our laurels.their platform - designed to measure andinnovate better. While the UK continues prove the value of a companys innovationto produce some incredible engineering Were still lagging behind countriesportfolio - Solverboard spoke to a number ofinnovations, and the government has like South Korea and Singapore, andinnovation professionals about the strugglespledged additional funding for the cause, its with a lack of diversity in the UKsand challenges they face on a daily basis.clear that we need to work hard to ensure STEM industries and shortages of boththat any barriers to success are removed. teachers and employees, the BritishWhile every story told was unique, they engineering talent pool is under threat.could be broadly grouped into five keyFor the full report, and to sign up challenges, which we explored in morefor early access to Solverboards Thats not to say that innovation is ondetail in our Innovation Blockers Report.platform, visit: solverboard.comhold - far from it. In his 2020 Budget speech, Rishi Sunak announced plansThese challenges are:to increase public R&D investment to 22 billion per year by 2024-25. 1.Struggling to measure and prove the value of innovation to othersIn addition, just a week earlier, the2.Getting senior managementEncouraging innovation inBusiness Secretary and Educationto support new initiatives engineering is one thing, but Secretary shared news of a multi-million- 3.Changing the organisational pound investment in the next generationculture and status quo putting it into practice is of scientists and engineers - including4.Getting employees to embraceanother entirely.science education programmes at GCSEnew ideas and ways of workingand A-Level, as well as additional PhD5.Lack of structure throughout the idea investment for the UKs universities. generation and development process'