Thinkube launches app with fundingBy Matthew Ord, Digital Staff Writer
A Newcastle-based business has launched a web-based application aimed at improving employee engagement after receiving funding from the Investment for Growth scheme.
Thinkube developed the application – thinkchange – as an "open invitation to employees, customers and partners to take an active role in operational and strategic change".
Ian Conway, managing director at Thinkube, said: "With current figures showing poor employee engagement is costing the UK up to £26bn in lost gross domestic product, businesses need to move quickly and smartly to harness the creative thinking ability of stakeholders.
"When faced with a company challenge or seeking business improvement, often the answer lies within an organisation’s workforce - thinkchange is the solution for unlocking this potential."
Solihull Community Housing is one of a number of companies which have been using the application and, as a result, has saved £44,000 through employee engagement and staff ideas.
Colin Bunn, business advisor at Investment for Growth, said: "Thinkube is another great example of the innovative nature of small business owners across the North East.
"Thinkchange is just one of the great projects that has been enabled by the Investment for Growth fund. Over the last two years the programme has helped to create more than 1,100 new jobs in SMEs across the region."
Investment for Growth recently announced it is extending its business investment project to the end of 2014, thanks to an investment of approximately £1m from the European Regional Development fund.