EY London Ventures Concepts submission template ?· EY London Ventures Concepts submission ... EY London…

Download EY London Ventures Concepts submission template ?· EY London Ventures Concepts submission ... EY London…

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  • Concepts submission template & guidelines

    London Ventures

  • 2

    Introduction

    Summary of components

    The concept proposal is the first checkpoint in the development of a London Venture. The concept is a high level proposal and a concisely summarised overview of the idea which the London Ventures Board must take a decision as to whether they would like to incorporate it into the wider programme.

    Each section of the template gives guidelines of what you should include in your concept proposal. If you would like to discuss the development of the idea or appropriate content in each of the sections please contact a member of the team.

    A blank template has been provided at the end of the pack for you to complete for submission to the board.

    The concept proposal is the first checkpoint in the development of a London Venture. The concept is a high level proposal and a concisely summarised overview of the idea which the London Ventures Board must take a decision as to whether they would like to incorporate it into the wider programme.

    Each section of the template gives guidelines of what you should include in your concept proposal. If you would like to discuss the development of the idea or appropriate content in each of the sections please contact a member of the team.

    A blank template has been provided at the end of the pack for you to complete for submission to the board.

    Key Area Key questions to consider

    Big Idea Articulation of the problem & proposed solution, evidence of where this has been done before

    Proposed commercial venture Commercial delivery of project cost quantification & proposed partners

    Benefits Description of financial and non-financial benefits

    Risks & mitigation Key risks to success of delivery

    Concept proposal

  • 3

    Template guidelines

    Concept proposal template

    The problem Articulation of the problem faced Identification of who faces the problem and why the initiative would

    have an impact to those facing challenges

    The solution A clearly proposed solution detailing who would be involved/ affected

    and what structure or model of service or product would be employed

    Where this has been done before A description of where/how this has been done before An explanation of how the proposed solution is different

    The problem Articulation of the problem faced Identification of who faces the problem and why the initiative would

    have an impact to those facing challenges

    The solution A clearly proposed solution detailing who would be involved/ affected

    and what structure or model of service or product would be employed

    Where this has been done before A description of where/how this has been done before An explanation of how the proposed solution is different

    The Big Idea Benefits

    A justification of how the idea is to be delivered commercially including benefits for partners.

    An explanation of how this is different from a traditional supplier relationship

    An estimated quantification of set up costs (provided in narrative form if no figures are available)

    Any other potentially negative impacts

    A list of proposed partners and a description of the roles that the partner(s) would play.

    A justification of how the idea is to be delivered commercially including benefits for partners.

    An explanation of how this is different from a traditional supplier relationship

    An estimated quantification of set up costs (provided in narrative form if no figures are available)

    Any other potentially negative impacts

    A list of proposed partners and a description of the roles that the partner(s) would play.

    Proposed commercial venture

    Identification of financial and non financial benefits A description of which levers of activity would generate benefits Who the benefits are attributed to

    Identification of financial and non financial benefits A description of which levers of activity would generate benefits Who the benefits are attributed to

    Risks & mitigation

    Key benefits Description & Rationale Primary beneficiary

    Financial benefits

    Clear description of financial benefits

    Non-financial benefits

    Description of other non-financial benefits

  • 4

    Blank template

    Concept Name

    The Big Idea Benefits

    Proposed commercial venture Risks & mitigation

    Key benefits Value Description & Rationale

    Financial benefits Clear description of financial benefits

    Non-financial benefits Description of other non-financial benefits