Project Initiation Document Enterprise Project Title Project Sponsor Project Champions Enterprise Nickola Moore – Draft 2 Head of Membership and Community Engagement Ellie Cawthera – VP Engagement Core Project team Ellie Cawthera VP Engagement David Mendosa Wolfson Union President Chris Nash External Engagement Coordinator Head of M&CE Nickola Moore Project Support Catie Williams Nic Eldred Student Enterprise Officer Student Activities Manager John Mills Head of Finance Alana Hebenton Communications Manager Sophie Delaporte Marketing Manager Beckie Thomas VP Welfare Pathik Pathak Contact Details vpengagement@susu.org (x25217) pres@susu.org (x29492) chris@susu.org (x25207) Nickola@susu.org (x27649) Contact details cw13g11@soton.ac.uk n.eldred@soton.ac.uk (x25209) j.mills@soton.ac.uk (x25214) a.j.hebenton@soton.ac.uk (x25316) s.c.delaporte@soton.ac.uk (x25313) vpwelfare@soton.ac.uk (x28853) P.Pathak@soton.ac.uk Karen Haynes Specialist Practitioner, Career Destinations K.Haynes@southampton.ac.uk (x27289) Nick Johnson Client Services Adviser, Student Enterprise N.Johnson@soton.ac.uk (x28056) Background Only 3% of UoS graduates set up their own business. As the working environment and economy shifts to SMEs and entrepreneurial offerings in the UK, it is important that Students are equipped with the necessary skills to enter the market should they wish to. Following results gathered from 2 audits undertaken into Activities and modules currently on offer at the University and at SUSU a project has been established to generate a significant growth in the current offer to SUSU members. The project will involve creating a programme of activities that demonstrate the benefits of engaging in enterprise activity. The programme will be developed initially for the period of 2014/15 and will look to have a legacy and be sustainable beyond that period Our project includes innovative and unique activities and will also incorporate best practice from other organisations around the UK Project Definition and Objectives The Enterprise project will be a programme of up to 10 activities taking place between Oct 2014 and June 2015 it will also incorporate legacy planning. Benefits for Students Students will have an opportunity to participate in Enterprise activity in order to improve employability skills, have fun and access funding and expertise. Benefits will be measured by: The number of students participating in the activities The amount of individuals and groups requesting funding Potential equity return to SUSU Defined method of approach There will be a core project team who will lead the programme; Project support will include student leaders from the Enterprise Committee and a close working relationship with our colleagues at UoS. Funding options will also be pursued. Project Scope 1. Change the perception of enterprise. The word enterprise isn’t always associated with its true meaning and value. Many students don’t realise that the skills involved in enterprise and entrepreneurialism are invaluable to whatever career you go into regardless of self-employment. We need to get this message out. 2. Collaboration. There is a lot going on all over the university but it’s not always collated in a way that is easily accessible and clear to students. Regular meetings between the university (academic and careers destinations), student groups, and SUSU will ensure that we support and shout about each other’s opportunities for students. (Scope for inviting external partners / alumni to these) 3. Winchester School of Art. Enterprise is all about innovation and creativity and there is so much of this going on at our WSA campus. We need to ensure we support our students at WSA who are considering setting up their own businesses. 4. Support. Starting a business is no easy feat and by offering facility, mentoring, and money; we can overcome the biggest barriers to starting a successful business. Constraints or restrictions External Engagement zone budget for enterprise is £2000 for the year. Risks ? Products/outputs 1. Attendance at joint UoS and SUSU meetings 2. Communications and marketing plan - Signposting – Regular meetings with all stakeholders will enable this. 3. Global Entrepreneurship Week / Enterprise Conference 4. Social Innovation Challenge - successful team will receive up to £1500 funding towards project as well as training and mentoring 5. Partnerships – Corporate and Alumni can be a source of mentoring and expertise for our enterprising students. 6. Students at the Market – Successful applicant will get a space at the weekly market to sell their product. 7. Facility – Space above the SUSU shop will be ideal for student businesses for both trading and storage. 8. Funding on an equity, loan, and/or (in rare cases) small grant basis. £100 000 available. (7 & 8 will be run by the SLT and will report back to the main working group as necessary) Interfaces Departmental plans. Trustee Board, union plan, Union Council, Zone Committee Project Organisation Structure Core project team will meet regularly to ensure the project is , project support Budget Plan Projects will be individually budgeted for from all available funds. Timeline Tasks/Product/Outputs Core Project team to meet regularly Social Innovation Challenge Students showing business’ at the market Global Entrepreneurship week Partnerships with corporate / Alumni Project Review Project pilots and checks Start Date 14/1/15 Finish Date Continual Sept 2014 Nov 2014 – Ongoing Oct 2014 Feb 2015 – Ongoing Sept 2014 Nov 2014 14/1/15 April 2015 May 2015 11th April May 2015 6th June Stakeholders and Communication plan Students, Support Services, Enabling services, Trustees. Core project team will update students on the progress of the Enterprise project as well as upcoming events and opportunities through the use of Sabbatical blogs and social media. At the end of the 2014-15 academic year a project review will be undertaken and circulated to the core project team and other relevant stakeholders. Quality A member of the core project team should attend at least three meetings a term with members of SUSU and the UoS in attendance. The core project team should meet monthly to discuss the progress of the project as a whole. At least one student business should have the opportunity to have a stall at the weekly market on the red brick per term. There should be one Social Innovation Challenge event per term run between SUSU, Hubs and UoS. Each Social Innovation Challenge should produce at least one enterprise and/or group to receive funding and/or training. A schedule of event should be provided during Student Entrepreneurship week in November. At least two new partnerships should be made to provide opportunities to students. Review/key learning points (montoring and evaluation) Monthly review within core project team. 1+1’s between managers and regular updates with VP welfare. Full project review in May 2015 to set future objectives. Archive/knowledge transfer Set up Enterprise file in J drive