London Business School and Deloitte, the business advisory firm, will today launch the Deloitte Institute of Innovation and Entrepreneurship, a new partnership aimed at better equipping business leaders and entrepreneurs with the information, insights and resources to create new growth and tackle social and economic challenges.
The Deloitte Institute of Innovation and Entrepreneurship will generate leading-edge research to improve the understanding of innovation and entrepreneurship worldwide. Through its research, teaching, and outreach activities, the Deloitte Institute of Innovation and Entrepreneurship aims to equip individuals and organisations with the insights and tools they need to create wealth and contribute to the nation’s economic wellbeing.
Supported by a 10 year partnership with Deloitte, the new institute will consider how innovation and entrepreneurship contribute to economic recovery and growth in the developed world and to economic development in emerging markets. Deloitte’s landmark commitment is the most significant in the School’s 47 year history.
"Innovation is one of the key drivers of everything that goes on in business," Sir Andrew Likierman, Dean, London Business School said. “Our aspiration is that some of the biggest new ideas in this field that combine academic rigour and successful implementation will be attributable to the Deloitte Institute of Innovation and Entrepreneurship”, he continued.
David Sproul, who takes over as Deloitte chief executive and senior partner from 1 June, commented: “Innovation is at the heart of what we do and, with the UK at an economic crossroads, businesses and policymakers are seeking new ways to stimulate and sustain growth. The Deloitte Institute of Innovation and Entrepreneurship will provide fresh insights which enable our clients and UK plc more widely, to innovate, create growth, and compete more effectively in both domestic and global marketplaces. This exciting new partnership will harness the benefits of London Business School’s leading research and education capabilities with Deloitte’s real time insights into the challenges and opportunities facing British businesses.”
The research agenda for the Deloitte Institute of Innovation and Entrepreneurship will cover the many facets of innovation and entrepreneurship (from social innovation to financing innovation, to co-creation and open innovation), as well as their geographic, industry and technology domains. It will look at how individuals, enterprises and institutions innovate and generate value from those innovations. The research will look at both innovations developed as new ventures (free-standing entrepreneurial teams) and within existing firms (corporate entrepreneurship).
In addition to generating rigorous new tailored research, the Deloitte Institute of Innovation and Entrepreneurship will be underpinned by a series of events throughout the year, an education programme and networking opportunities.
The Deloitte Institute of Innovation and Entrepreneurship brings together four faculty members at the core, with more than 10 others from each of London Business School’s areas of study. By broadening the number of faculty engaged in research in innovation and entrepreneurship, it will build a vibrant community of scholars within the School.
“We’re immensely grateful to Deloitte for their outstanding commitment to the School and for helping us realise the vision of the Deloitte Institute of Innovation and Entrepreneurship, through their long-term contribution”, concluded Sir Andrew Likierman.