The Institution of Engineering and Technology (IET) and the Motorsport Industry Association (MIA) have joined forces to address the current lack of widespread exploitation of horizontal innovation in the business technology community. The long-term partnership aims to raise awareness and drive wider take-up of “Horizontal Innovation” across the UK innovation landscape.
The MIA is the principal global trade association serving motorsport’s performance engineering, entertainment, services and tuning industry.
With a global network of nearly 400 corporate organisations, MIA members transact over £5 billion of high performance engineering and motorsport business worldwide.
The MIA has long pioneered cross-sector interaction between the UK’s world-leading ‘Motorsport Valley’® supply chain and other industries, facilitating ongoing successful transfer of innovative ‘race-bred’ practices, processes, skills and technology to parallel industrial sectors.
The IET is one of the world’s largest engineering institutions with over 165,000 members in 127 countries. It is also the most multidisciplinary, providing an unrivalled foundation and test bed to support and promote cross-sector engineering initiatives on a wide scale.
The IET Design and Production Sector creates successful partnerships and collaborations that generate impact around core engineering and technology opportunities in manufacturing and design, from robotics to sustainability and beyond.
Combining real-world engineering case study examples with practical information on funding and support, the IET’s Horizontal Innovation initiative is an excellent example of how IET Sectors can support UK technology business.
The prestigious launch event showcased the MIA and IET Horizontal Innovation film, featuring MIA members whose innovative motorsport technology has been successfully transferred into other high performance sectors.
In the coming months, the IET and MIA will explore the opportunities for innovation within the UK business technology community.
If you are interested in getting involved in any of the initiatives, email firstname.lastname@example.org