Here are Four 'Watch-outs' You Should Consider Before Setting Up an Innovation Hub

As an innovation and growth consultancy, we are regularly asked about innovation hubs – either from an advisory perspective in improving an existing capability, or for help in constructing a complete blueprint from scratch. We primarily focus on step-change innovation: innovation reaching beyond incremental improvement, providing new revenue and growth opportunities to significantly transform a business. In some instances, this can only be achieved by taking activity outside of the day-to-day to avoid the barriers that exist. We realise that, for many businesses, an innovation hub separate to BAU is essential to provide this opportunity.