Thales awarded industry-backed accolade for innovation at Innovisions Monday 7 December 2015 PDF Print This is a great achievement for the UK RTI community and demonstrates our class leading innovation capability. The Thales Research Technology and Innovation (RTI) team in the UK has scored an industry milestone by achieving Investor in Innovations accreditation with NEF: The Innovation Institute. Investor in Innovations is an industry-backed standard that benchmarks and validates the strength of innovation capability and associated processes within an organisation, providing an integrated framework for continual improvement that optimises returns on innovation investment. Thales’ RTI team exploits a broad range and scope of innovation across the company’s UK businesses operating in different industry sectors in order to drive profitable and sustainable growth, whilst maximising customer and stakeholder benefits. The team facilitates a range of partnerships with industry, academia and SMEs, as well as other sources of innovation and emerging technologies. NEF’s Investor in Innovations accreditation benchmarked the RTI team’s approach against the performance of competitors and industry leaders. During a consultation process that engaged with customers as well as employees, the team was evaluated against six criteria: • Strategy and Alignment • Organisational Readiness • Core Capabilities and Technologies • Industry Foresight • Client Awareness • Impact and Value Having successfully achieved the accreditation, Thales has agreed a robust action plan with NEF: The Innovation Institute to take its strategy to the next level. The company is now extending its innovation accreditation across its business portfolio in the UK. This will ensure that innovation remains central to the Thales value proposition and that the company continues to be the desired innovation partner for critical business challenges. Thales received recognition for this milestone achievement during NEF’s annual Innovisions conference at the Institute of Directors on Thursday (3rd December) where Drs Terry O’Sullivan and Alvin Wilby, the Head and Vice President of Research and Technology at Thales in the UK, were presented the Investor in Innovations award by BBC Royal Correspondent Sarah Campbell and NEF’s Chief Executive Professor Sa’ad Medhat. Dr Wilby said: "This is a great achievement for the UK RTI community and demonstrates our class leading innovation capability." As we continue to drive innovation at the heart of our strategy, we will continue to see benefit to the business; developing partnerships, increasing the rate of new ideas, the adoption of new thinking, approaches and technologies - these will deliver future growth, increase profitability and boost our market share.” NEF Chief Executive Professor Sa’ad Medhat said: “Illustrating impact and value from innovation investment is not always easy. Thales’ RTI team has demonstrated a clear capability to stimulate and deliver innovation leadership. Thales is now using the Investor in Innovation framework to create a coherent approach to its innovation strategy that can help the company to achieve its growth ambitions. “We look forward to working with Thales over the course of this three-year accreditation, supporting the development and refinement of its exciting and evolving strategy.” Photograph shows (left to right): Professor Sa’ad Medhat, Dr Alvin Wilby, Dr Terry O’Sullivan and Sarah Campbell. Notes to editors About Investor in Innovations - Investor in Innovations is a holistic standard that benchmarks and validates the innovation capability and associated processes within an organization, providing a framework for continual improvement to optimise return on innovation investments. It was developed by NEF: The Innovation Institute in consultation with more than 40 leading science, engineering and technology businesses. - The standard is suitable for businesses, educational institutions and public sector organisations. - Investor in Innovations accreditation lasts for three years and is reviewed annually by NEF: The Innovation Institute. About Thales Thales is a global technology leader for the Aerospace, Transport, Defence and Security markets. With 61,000 employees in 56 countries, Thales reported sales of €13 billion in 2014. With over 20,000 engineers and researchers, Thales has a unique capability to design and deploy equipment, systems and services to meet the most complex security requirements. Its unique international footprint allows it to work closely with its customers all over the world. About NEF: The Innovation Institute: NEF: The Innovation Institute is the professional body for innovators in the UK. Over the past 10 years, NEF has worked with more than 600 companies to drive productivity and improve performance. NEF has also helped more than 250 educational institutions develop vibrant and industry-relevant curricula that has positively impacted more than 600,000 learners studying science, engineering and technology and have influenced policy and decision makers through think-tanks and evidential research. NEF creates innovation strategies, conducts accreditation and assurance on organisations, provides professional recognition, and delivers training programmes. NEF’s work is guided by the Innovation Council with members from: AMEC|ARLA FOODS|BAE SYSTEMS|BASF|BBC|BRITVIC|BT|BUPA|BALFOUR BEATTY|BURO HAPPOLD|COBHAM|COBRA|COSTAIN|CROSSRAIL|DHL SUPPLY CHAIN|DUPONT|DUNHILL|EDF ENERGY|EMC2|EVOLVI CAPITAL PARTNERS|GE HEALTHCARE|EXTRINSICA GLOBAL|GLAXO SMITH KLINE|LEGO|MARS|MEDVIVO|MBDA MISSILE SYSTEMS|MICROSOFT|MITIE|NATIONAL GRID|Network Rail|PLESSEY SEMICONDUCTORS|RAYTHEON|ROLLS ROYCE|ROYAL MAIL GROUP|TATE & LYLE|TELEFONICA|Thales|UNILEVER|UK PETROLEUM INDUSTRY ASSOCIATION|UCS|WORCESTER BOSCH. Press Contacts: NEF: The Innovation Institute Michelle Medhat email@example.com 07720 286633 Emma Crates firstname.lastname@example.org 07843 273103 Thales UK Charles Harrowing Charles.email@example.com 07896 320980 This press release was distributed by ResponseSource Press Release Wire on behalf of New Engineering Foundation NEF in the following categories: Manufacturing, Engineering & Energy, Computing & Telecoms, Transport & Logistics, for more information visit http://pressreleasewire.responsesource.com/about.