Innovations Pillar
29 October 2020
Innovations are a key factor in business development, and their lack is often a barrier to its success. Technological progress, the actions of competitors, and the constantly growing requirements of customers make entrepreneurs reach for solutions that streamline their activity to effectively build a competitive advantage. Continuous analysis of the environment and trends as well as searching for areas of improvement is a part of the fight for market position and value of the business. Smooth introduction and use of innovations is not infrequently a factor determining survival on the market. No matter what industry you operate in, the world is moving forward. When you are standing still, you are moving backward. Even if you’re satisfied with your business, sometimes, it’s just good to pleasantly surprise your customers.
Innovation as the driving force of business
Innovativeness is the ability and motivation to constantly search for new solutions, ideas, and concepts, to improve technology and increase efficiency. Innovations are in turn new or improved products, services or processes, and methods that redefine the way a given need is met the way the company works, or its relationship with the world around it. These are not only huge, breakthrough changes, influencing the operating strategy of a whole industry or the development of the economy. They are also small modifications, resulting in improvements to the current activities of one particular company. That is the key to competitiveness because, in reality, companies that keep up with the pace of change, especially technological change, can meet consumer expectations and thus build a strong market position.
Modern technology makes a modern company
As the statistics show, about 65% of the companies implementing modern IT solutions within their organization soon start reporting increased profits and notice a significant improvement in customer relations.
Therefore, if you want to:
- Improve key corporate processes,
- expand your offer and improve your sales results,
- meet the customers’ expectations,
- build a competitive advantage and long-term strategy for the development of your company,
- reduce operating costs,
- adapt to the changing legal and market environment,
you should focus on innovation.
Euvic supports the development of innovative solutions
From the very beginning of our existence, we have been looking at new technologies and unconventional business initiatives, actively supporting the digital transformation processes of companies from all over the world.
We invest in technology startups, run our research and development projects as well as an innovative ideas acceleration program (from MVP, through development, to scaling up). We support the innovativeness of our clients and their new businesses (especially in the area of commercialization and fundraising), in particular in areas such as:
- Artificial Intelligence
- Machine Learning
- Edtech
- Medtech
- Fintech
- Industry 4.0
We provide innovative companies with the infrastructure to develop innovative products. However, in addition to supporting others in producing innovations, we also want to create them ourselves. And all by “ideation as a service” – an innovative system for developing ideas. It allows for quick testing and verification of new ideas, and as a result, implementation of innovations with the speed of thought.
We turn ideas into actions and dreams into goals
Innovation has always been what drew our attention and captured our interest. That’s why we joined forces with an IT accelerator, which developed a comprehensive methodology for transforming early-stage ideas into fast-growing companies.
We are talking here about EduLAB, which is the core of our fourth business pillar – Innovations (operating in complete synergy with the pillars Software Development, Body/Team Leasing, and IT Infrastructure). Nowadays, thanks to the experienced team of more than 140 IT specialists, we offer our clients professional innovation support while managing a portfolio of our own 20 start-ups. All this, based on the investment capital, which currently exceeds 35 million PLN.
Our start-ups:
Learn more about some of our start-ups:
- An innovative start-up makes getting pregnant easier than ever before
- PixBlocks – digital transformation of education
- The role of artificial intelligence in software testing
- Universality – a brand new universe of education
If you have a novel idea, we will be happy to help you make it a reality.
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