Innovation is one of four pillars in the LLEP’s Economic Growth Strategy.
The Innovation Board for Leicester and Leicestershire Enterprise Partnership (LLEP) has been working on a plan to drive regional innovation in the county.
They've agreed on a 10-point framework to deliver their vision for Leicester and Leicestershire.
Dr Nik Kotecha OBE, LLEP Board Director and Chair of the Innovation Board, said: “Members of our Innovation Board and Steering Group have a wealth of knowledge and skills required to provide strategic focus and thought leadership around innovation in our region.
“We now have agreed parameters which will shape our activity - the next step is getting everyone pulling in the same direction as we introduce an action-based delivery plan.”
The members met last week for the first time since leaders from business, education and non-profit sectors gathered at MIRA Technology Park to generate ideas on how to deliver change through to 2030 and beyond.
The Innovation Board span out of the LLEP’s involvement in the Massachusetts Institute of Technology (MIT) Regional Entrepreneurship Acceleration Programme (REAP).
It was one of only six local enterprise partnerships selected by the UK Department of Business, Energy and Industrial Strategy (BEIS) to take part in the programme.
MIT REAP is designed to help regions plan for the acceleration of economic growth and job creation through innovation-driven entrepreneurship.
Participation resulted in the LLEP’s tailored approach of encouraging all businesses to innovate, while simultaneously making full use of the region’s three universities and distinct regional assets in sectors including space, life sciences, sport and cyber security.
The Innovation Board oversees progress towards strategic objectives, supported by an Innovation Steering Group which works with LLEP officers to deliver necessary action.
The 10 points will be used to frame immediate activity taken as part of the LLEP’s commitment to Innovation through its Economic Growth Strategy 2021-30.
The next stage for the Innovation Strategy is the creation of a delivery plan setting out tactical activity around communications, advocacy, networks, the annual Leicestershire Innovation Festival and more.
Written by Emily Miller
Emily is a Senior Journalist for Niche Magazine with over a decade of journalism experience. She enjoys going to gigs, visiting galleries and walking in all weathers.
The LLEP's adoption of a 10-point framework to drive innovation in Leicester highlights a strategic approach to fostering growth and resilience. This framework includes initiatives that can incorporate cyber security solutions to protect innovations from digital threats. By integrating robust cyber security measures, LLEP aims to secure sensitive data and intellectual property, fostering a conducive environment for sustainable innovation and economic development in Leicester.