This standard is applicable to all countries and any type of organization, startup or
established for developing an Innovation Management System (small-to-medium size
businesses, large enterprises (private or listed), government bodies, non-profit
organizations, sports organizations and entertainment, etc.). It is applicable to the
development of new products, services and processes. Organizations can assess their
innovation maturity to the standards requirements and systematically adopt the six
elements of the standard to develop their own unique Innovation Management System.
In general, every organization will have to adopt its own selection of underlying
components. The standard provides the criteria necessary for individual learning,
knowledge and management of an innovation framework and innovation pipeline and
portfolios. Innovation objectives and subsequent projects may include creating new or
improving existing technologies, products, services and processes. Companion
documents such as the Assessment Checklist, Guidelines and Reference Publications
are available to support this standard and assist the end user, the assessor or consultant
in developing and implementing an Innovation Management System (IMS).