The development of formal systems to recognise innovation

The development of formal systems to recognise innovation

The premise at which we start is that innovation is happening all around us. As the OCTA, we are not embarking upon a new journey of innovation; rather, we are recognising that as OCTs, our large and small enterprises are already quite innovative. Our strategy therefore is to create channels for the recognition of exiting innovation and innovators and the most creative actors. The following core innovation areas are recognised agriculture and food production, built environment, energy, water, air quality, soil quality, waste management, flora and fauna, and especially in the case of OCTs, non-natural resource intensive industry (such as the creative industries and intangible cultural assets).

Notable innovations are those which add value to a product or service and which can be replicated elsewhere, valued and commercialised. When the levels of innovation are notable, these will inevitably involve some element of intellectual property protection, licencing and management. A system for managing and documenting the innovation may be adapted from the Eco Management and Audit Scheme (EMAS) Easy, used in the European Union for smaller enterprises (see link here EMAS Easy.) Work done in the Caribbean region’s OCTs has revealed that only Montserrat, through the World Bank EPIC programme has a formal system for recognising eco-innovation. Nevertheless, substantial eco-innovation is occurring via isolated cases throughout the overseas countries and territories.

Octa Innovation Website
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