Reference no: EM133095338

1. InnovationResearch & development (R&D)/innovation activities 2.Intellectual property strategy (What R&D activities will you implement to encourage innovation in your business? Also, indicate what financial and/or staff resources will you need to allocate for this?
Innovation activities may include:

• Improving or replacing business processes to increase efficiency and productivity, or enable the business to extend the range or quality of existing products and/or services.
• Developing entirely new and improved products and services to meet rapidly changing customer or consumer demands or needs.
• Adding value to existing products, services or markets to differentiate the business from its competitors and increase the perceived value to the customers and markets.
• Encouraging innovation with strategies that focus on improving employee experience and collaboration (Initiatives to recognize and reward employees for trying something new.)
• (How do you plan to protect your innovations? List any current trade marks, patents, designs or copyrigths you have registered or intend to register. Also, indicate whether you have a confidentiality agreements in place?)