Innovation in the railways is broken.
Short-term franchise awards stop operators and financiers from investing in new technology that can reduce costs and increase passenger satisfaction because they are focused on operations and execution – short-term return on investment.
Investments in innovation and technology often only make sense when you look at a medium or long term period and have the necessary resources to implement and project manage the investments.
The industry is not lacking talent, is not lacking funding, is not lacking the companies that can implement the technology: the industry is lacking action.
Why would you take risks to improve status quo if you don’t have the urgency to do so?
Maybe the lack of urgency is the reason why we have government bodies running innovation programmes, rather than start-ups. But the top down approach to innovation has never worked and it will not work in our industry.
Lack of urgency is reflected in the increasing number of conferences, exhibitions and magazines that talk about technology and innovation in rail. We all like a good day out, but the talking must stop. What we need is action. We need to indentify short and medium term priorities, stop the blue sky thinking, and get the job done.
At Railway Innovation we’ve decided to take the lead on this inevitable change.
The Railway Innovation Champions program is based on more than 8 years of research trial and error, and a proven, collaborative supply chain innovation approach that it’s built from the bottom up rather than the top down.
Unlike other programs, supply chain network organisations, other companies in the industry, the Champions program is completely free – run by champions, for champions.
The Railway Innovation Champions Program – key deliverables
- Identify and empower Champions in all major organisations that will take leadership roles into the network, providing useful insights and driving innovation forward within their companies. You can take a role as a Champion from 6 months to a number of years.
- Identify key short- and medium-term problems and solutions that are actionable and can be solved by start-ups and supply chain. Working in collaboration with Champions we identify the key business priorities and needs of organisations, facilitating the connections necessary to solve the problems.
- Reduce risk for technology investments, providing insightful data, resources and support throughout the process. Champions are supported by other Champions. We are in this together. We meet up through global webinars and informal meetings to share our issues and identify actionable solutions. Build the confidence your organisation needs with knowledge.
Are you ready to be a Railway Innovation Champion?