London Business School and Deloitte, the business advisory firm, have joined hands to launch the Deloitte Institute of Innovation and Entrepreneurship.

The partnership is 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 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 noted.
 
David Sproul, who takes over as Deloitte chief executive and senior partner from June 1, said, “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 institute will provide fresh insights which enable our clients and UK more widely, to innovate, create growth, and compete more effectively in both domestic and global marketplaces, he added.-TradeArabia News Service