The European Commission launched an online platform today designed to improve innovation and competitiveness at small and medium enterprises (SMEs) across Europe.
According to Brussels, the main focus of IMP3rove is a new online platform that can be used by companies from five to several hundred employees to review their innovation processes by means of a web-based questionnaire.
They can then compare themselves with the best in their industry in Europe. In the test phase, SMEs can receive a free consultation interview.
The project was introduced during a press conference in Berlin by representatives of the European Commission and the German government, along with leading consortium members A T Kearney and the Fraunhofer-Gesellschaft.
The Commission hopes that the project will help reduce the development time for new products as well as "time to profit".
"IMP3rove's long-term goal is to establish a uniform standard for evaluating the innovation capabilities of companies through a standardised online assessment platform," the Commission stated.
"SMEs throughout Europe can now complete the standardised questionnaire. They will then receive a report that evaluates all aspects of their innovation management and compares them with leading companies.
"In the test phase, weaknesses and strengths are determined and concrete recommendations for action are included cost-free."
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