How to make space for innovation

Previously having a reputation as a luxurious add-on for companies, recently, innovation has become business’ most invaluable tools.

Allowing your team space and time to innovate is a great use of resources; 20% of employees work better when motivated, and highly engaged teams boost company profitability by 21%. Here’s how:

Don’t add to the pile

Innovation shouldn’t add pressure onto existing workloads. Google's 20% time rule encouraged employees to focus on innovation one day a week. Although this was time for free thinking, it was still centred around the company's goals, and saw the genesis of Google News, Ad Sense and Gmail.

Take a field trip

Think about how you can create dedicated space for innovation; this could be getting out in nature, booking external creative spaces or by visiting an innovation hub. Experimenting with inspiring spaces can improve a team’s morale. Trials like Coworking Week in June at Plus X Innovation can be a great way to boost creativity thinking.

Mine for gold

Empower your team at every level and give all ideas equal respect and attention. You never know what might come out of it.

Internal or External Innovation

Rather than looking at internal and external innovation as separate, these options are more about how one can help bolster the other. Establishing partnerships with other innovators could broaden the scope of your internal innovation.

How Plus X Innovation can help If you’re looking to experience an innovation ecosystem first-hand, Plus X Innovation can give you advice. Our hubs are ready-made for innovation, with state-of-the-art facilities, programmes and networking opportunities, meaning you can hit the ground running with your team.

Find out more about how we can support your innovation journey by visiting:

plusxinnovation.com