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PRIVACY
Economic Development

What are the biggest challenges to innovation in 2020?

Companies are being invited to share their views and the results will be collated into a report

(Image: Getty Images)

Businesses across the South West are being invited to share their biggest blockers to innovation in response to a new report.

Bristol-based tech startup Solverboard is working with Innovate º£½ÇÊÓÆµ and a group of experts to find out what is stopping º£½ÇÊÓÆµ companies innovating.

The Innovation Blockers Report 2020 highlights five of the biggest challenges faced by businesses in the º£½ÇÊÓÆµ as they seek new opportunities for growth due to the coronavirus pandemic.

A billion-pound support package to help companies find new ways of working in response to Covid-19 was launched by the Government and Innovate º£½ÇÊÓÆµ in April.

But focus on innovation by senior management teams has been in steady decline, according to recent reports from BCG and McKinsey.

Charlie Widdows, co-founder of Solverboard, said his company and Innovate º£½ÇÊÓÆµ are now trying to understand what is holding businesses back.

He said: “Businesses in every sector across the º£½ÇÊÓÆµ are saying that the coronavirus pandemic will change the way they do business.

“They want to innovate, but they’re not - and we need to understand why.”