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Innovation 360 Institute & Innovation Framework Technologies Partner In ME
Published Apr 13, 2010
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The leading innovation and business excellence training consultancy in Dubai, Innovation 360 Institute, is partnering with Innovation Framework Technologies (IFT), experts in enterprise software solutions used by companies around the world to support the front end of innovation and new product development value chains.
IFT CEO Patrick Ternier explained that the company's expansion to the Middle East is a logical step after opening new operations in Korea and Japan. "The Middle East is expected to continue booming, developing human capital and innovation capabilities in an effort to diversify its economy," Ternier said.
In fact, according to a recent global innovation index published by INSEAD, the UAE places 14th in the world, showing a high capability to respond to the challenges of innovation. Other Middle East countries are also looking for fast tracks to achieve innovation excellence.
"An innovation project can be a complicated and lengthy endeavor unless you know how to focus your efforts," explained Kamal Hassan, President and CEO of Innovation 360 Institute. "Innovation 360 helps organizations hone in on successful new offerings and innovative ways of doing business, and IFT's solutions help reduce innovation project time and increase ROI. It's a perfect fit."
IFT's solutions include enterprise software used by companies world-wide to manage over $40bn annually in R&D in a range of industries including high-tech, consumer goods, automotive, energy, and life sciences. Companies including LG, Nokia Siemens Network, L'Oréal, Philip Morris and France Telecom use IFT's expertise to uncover better innovation opportunities, generate more ideas, accelerate time to market, cut product portfolio risk and cost, utilize available resources and reduce administrative complexity.
"Successful innovation relies on understanding cultural and regional factors," Ternier said. "We are excited to partner with Innovation 360 to help organizations in the Middle East overcome their innovation challenges."
Posted by
VMD - [Virtual Marketing Department]
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