Entries taken and maintained in strict commercial confidence Enabling Practice Innovation Challenge 2016 As a student you’ve already made a big contribution to practice, now make it EPIC CLOSING DATE FOR ENTRIES 30th May 2016 Name/Names : Contact Tel: Contact e-mail: Contact address (use one address if submitting as a group) : Ideas Title Give your idea a name: this name will be assigned to your entry throughout the Challenge Idea Description Briefly describe your idea in no more than 200 words. This is an overview only. You will get the chance to describe things in more detail in following sections. Key Benefits of the idea What are the key benefits of your idea? What is different or innovative about it? What are the novel features? How does this idea enhance/add value to practice? How could it improve the patient experience and/or care delivery? What problem does it solve? How If you require this document in a larger font or an alternative format please email louise.winfield@plymouth.ac.uk or telephone 07791105062 Entries taken and maintained in strict commercial confidence does this improve upon or replace an existing product, device, technology, process or service? Idea Development and current status How far have you got in developing your idea? Have you discussed your idea with anyone? How will you protect intellectual property? What have/are you going to do? Visit the Intellectual Property Website at http://www.ipo.gov.uk for advice and guidance The Market and Competition Have you researched the market related to your idea? For example if your idea solves a problem do you know how big the problem is? If your idea relates to a product/technical device, what do you know about existing products/devices in this area? Is the market for your If you require this document in a larger font or an alternative format please email louise.winfield@plymouth.ac.uk or telephone 07791105062 Entries taken and maintained in strict commercial confidence idea likely to grow, shrink or stay the same over time? When you analyse the competition, how does your idea add value? Why will your idea succeed? Pricing of your product/service/process/technology (idea) You should look carefully at pricing. Think about the costs you will incur, the level of reward required to cover costs and generate profit, and the value customers associate with your idea. If your idea is not competitive on price how will you convince us your idea is viable/has a market? Marketing Plan Who needs to hear about your idea? How will you reach them? How will communicate/share your idea (i.e. product, process, service system, technology)? How will you meet expectations (deliver) and continually improve to stay ahead? Useful guidance can be found at: http://www.businesslink.gov.uk SWOT Analysis Strengths Weakness Having done some of the basic market and development research you should be in a position to carry out a SWOT analysis of your idea. Doing this will help clarify your strengths and weaknesses and also identify the actions you need to take to take advantage of good If you require this document in a larger font or an alternative format please email louise.winfield@plymouth.ac.uk or telephone 07791105062 Entries taken and maintained in strict commercial confidence Opportunities Threats opportunities or overcome barriers preventing you from taking your idea forward. About you and your team (Note: CVs are not required) Who are you? How good are you? What skills do you have that will enable this idea to develop? Where are your limitations? What support will you require to develop yourself/your team? If you feel you/your team require advice or assistance can you tell us specifically what you require? All successful Stage One applicants will have the opportunity to attend an Enterprise Workshop to help further develop their business ideas and prepare their entries for Stage Two. Successful applicants will also be given some tools to help them. If you require this document in a larger font or an alternative format please email louise.winfield@plymouth.ac.uk or telephone 07791105062 Entries taken and maintained in strict commercial confidence Declaration: I confirm that the information presented on this entry form is my own and accurate to the best of my knowledge and that if successful, I will allow limited publicity subject to written confirmation about the award and the idea / concept. I also confirm that I have, prior to submitting this entry to the competition agreed the terms of collaboration with any other parties who may have rights over the ideas or products. (We may require you to produce this agreement at a later stage in the competition). Please tick to confirm you have read and understand the competition declaration: Date: Simply download this entry form, complete it, and email to: louise.winfield@plymouth.ac.uk Alternatively send to: Louise Winfield Associate Head of School (Innovation & Internationalisation) School of Nursing & Midwifery Faculty of Health & Human Sciences 7 Portland Villa’s Room 201 Drake Circus Plymouth PL4 8AA 01752 586579 Please note that the deadline for receipt of entries is: 30th May 2016, 5pm If you require this document in a larger font or an alternative format please email louise.winfield@plymouth.ac.uk or telephone 07791105062