Welcome to BSIB 2012! The Innovation Bank funded eight projects across the borough, tackling problems such reducing home and business carbon dioxide emissions; providing emergency responses to accidents; increasing youth enterprise and skills; and preventing malnutrition among older people living at home.
This year we are working alongside the Innovation Unit and CommUNITY Barnet to develop ideas for the £200,000 fund that we have available to fund innovative projects.
Your ideas were among the best received.Some general feedback: Scalability – how could your idea be scaled up and rolled out across the borough. Detail – We need the detail – how will you make your vision/idea a reality?The key milestones and targets are important. How will these be identified? The council will need to track the progress of the project and will need these measurements to do this. Finally, how will the project continue after the Innovation Bank funding has finished? It is not sufficient just to say you will apply for additional funding. If this is the case, the community panel will need to have detail. Which funding streams will you apply for?
Stage 2 app – sign the form and return it by postIf a group – it must be signed by 2 members of the committee or, if an individual, it must be signed by your sponsorFor groups – we will require a copy of last year’s accounts . Money – we will send you terms and conditions of the grant funding and any special conditions outlined by the community panelWe will release the money after the milestones and project plan detail has been agreed by both the council and the organisationWe can be flexible with finances and conditions. If you wish to receive the money upfront, if there is a justification for this, we will consider it. What usually happens is a staggered release of payment over the year. The schedule will be agreed by both the council and the grant recipient Expectations – we will expect regular (usually quarterly) progress reports from you and will expect a review after the funding has ceased.
Where can I look for alternative sources of funding?
November 2012 Workshops
Follow us: @InnovationBankHashtag for workshops: #BBSIB2012
The process? Stage 1 Stage 2Expressions Deadline Deadline of Interest 21/12/12 07/09/12 Workshops Stage 2 BSIB 2012 Commences Winners 05/10/12 Announced February 2013
FeedbackGreat ideas!Scalability – how could the vision become areality?Writing a business case – how do you identify thekey milestones and targets?Budget – how will the projects continue after thefunding has finished?
HEALTH CHECKS• A diagnostic toolkit - helps keep your organisation in good shape• Spot problems quickly & identify strengths & weakness• Self-assessment process & plan of action• Covers key organisational areas• Encourages & promotes a culture of continuous improvements• Can help towards achieving quality standards• Applicable to most organisations
Where can I obtain alternative funding?• Funding Central: comprehensive database of funding & finance opportunities. Requires free registration. www.fundingcentral.org.uk• Home office funding website: provides details of non-Home Office funding streams - www.homeoffice.gov.uk/crime/partnerships/070- other-funding-streams/• Department for Education voluntary and community sector grant funding program to improve outcomes for children, young people and families. http://www.education.gov.uk/a00216108/vcs-funding• Fit4funding: monthly funding e-newsletter of latest funding opportunities. www.fit4funding.org.uk• London Councils grants and ESF programs. www.londoncouncils.gov.uk/services/grants
…….Where can I obtain alternative funding?• Big Lottery Advice Services Transition Fund: for advice services affected by cuts to service budgets: http://www.biglotteryfund.org.uk/prog_advice_services_transition_fu nd.htm?regioncode=-uk• Social Enterprise Investment Fund, Department of Health Yearly cycle of grant funding to support social enterprises deliver innovative health and social care services and products, and to help social enterprises to become sustainable. Next programme in 2013. Managed by the Social Investment Businesshttp://www.sibgroup.org.uk/our-funds/seif/
Develop a clear value proposition Goods and Services Benefits e.g., e.g., Buildings and facilities Cheaper Training and coaching Better Clubs and membership Newer organisations More beautiful More tailored More accessible More trusted and reliable
Say clearly and succinctly what youwant to do • Organise the worlds information and make it universally accessible and useful • Build a restaurant that uses the magic of food to give unemployed young people a chance to have a better future • Enrich peoples lives with programmes and services that inform, educate and entertain • “Jaws in space”
Develop a clear plan withmilestones and outputs
Develop intelligent measures ofsuccess• The orchestra and the standing ovation• Apple and net promoter score
Design for sustainability State Market Grant Household Economy
Build a coalition of support to grow and scale your workstructuredprocesses ofengagement ‘user’ groups and local citizens local enthusiasts volunteers and experts system facilitated Community conditions, communities of of practice Community Community levers, practice, incubating of engagement of interest regulation for engagement and prototyping scaling and interest diffusion
Push your idea to be radically efficientPatient hotels
New perspectives on challenges NEW NEW INSIGHTS CUSTOMERS NEW NEW SUPPLIERS RESOURCES New perspectives on solutions
SummaryFeedback and FAQsHealthcheck and alternative sources offundingYour ideaBuilding a viable business caseScalability