Ignite Ideas Fund Sample Application Form

Transcription

1 Ignite Ideas Fund Sample Applicatin Frm Assessment Criteria 1: Innvatin and market ptential What is yur prduct, prcess r service* (2500 character limit) Slide Deck/ Pitch Deck* Prvide a descriptin f yur prduct, prcess r service. Explain hw it wrks, what stage f develpment it is at and what steps need t be taken t develp it further. Is the prduct, prcess r service new t Queensland, new t Australia, new t the wrld? Des yur prduct, prcess r service meet an unmet demand? Explain what value yu are seeking t create fr yur targeted custmers. Please attach slide deck/ pitching deck (up t 10 pages) t pitch yur prduct, prcess r service. Attachment- Mandatry (nly PDF file attachment, up t 5MB will be accepted) D yu have a landing page fr yur prduct, prcess r service?* A landing page fr the prject is imprtant t help assessrs better understand yur prduct, prcess r service. Yur landing page shuld be a standalne web page distinct frm yur main business website. It shuld fcus nly n the prduct, prcess r service that yu are develping. Yur respnse culd address the fllwing: What business pprtunities will this prject address? Is there a prblem/barrier t grwth that funding fr this prject will vercme? (2500 character limit). * What business pprtunities will arise frm successful delivery f this prject. Hw this prject will assist yur prduct, prcess r service t mve int the next develpment phase. Hw this funding will help yu t vercme any barriers yur business might face. D yu have any prblems r issues facing yur business and/r yur ptential custmers and hw will yur prpsal address these issues.

2 Hw will the prject lead t cmmercialisatin f the new prduct, prcess r service? * (2000 character limit) Briefly explain yur rute t cmmercialisatin/the market. Hw likely is it that cmmercialisatin f the prduct, prcess r service will result frm this prject? Hw lng d yu anticipate that the cmmercialisatin prcess will take? Identify any pprtunities r threats and identify any resurce requirements. Prfile yur target market and utline yur intended revenue mdel. Des the prduct, prcess r service have high grwth ptential and is it sustainable? * (2500 character limit) List any cmpetitrs yu may have and detail hw yur prduct, prcess r service is differentiated.* Outline wh yur target custmers are and discuss in detail hw revenue will be generated. Yur respnse culd address: The current status f the market which yur prduct, prcess r service is targeting. Hw yu have established market demand. The size f the market, cncentratin f cmpetitrs and any anticipated grwth in the market. The prjected market share, with justificatin in the light f any ptential cmpetitrs. Explain Hw wh yu yur intend cmpetitrs t cnvert are. yur prjected market share int sales Explain hw yur prduct, prcess r service is different frm their fferings. Explain yur prduct, prcess r service s cmpetitive advantage. Yur respnse culd address yur prduct, prcess r service s cmpetitive advantage in: Pricing/cst Perfrmance Quality

3 Assessment Criteria 2: Prject planning, feasibility, budget and timeframes Prvide a brief verview f the prject plan and technical apprach the prject will take, including the prject s main bjectives. Outline hw the prject will be delivered within the stated budget and timeframes. * (1500 character limit) Please prvide a detailed prject plan. This culd include a graphical representatin f prject activities and timings, such as a Gantt chart r any ther prject management tls. Yu shuld shw that: the timing f key milestnes is achievable. sufficient resurces are allcated t deliver key prject activities Attachment- Mandatry Prject Plan (nly PDF file attachment, up t 5MB will be accepted) Outline ptential risk factrs fr the prject and hw yu intend t mitigate them. Identify any issues which may result in failure t deliver this prject. These culd include cmmercial, technical r prject management risks. Identify the severity f these risks and the likelihd f these risks ccurring. Identify any mitigatin strategies yu have in place t deal with these risks.

4 Assessment Criteria 3: Technical and Management Capability Please prvide detail n the technical and managerial capability f the prject team.* Detail yur business s track recrd and its experience in prject delivery. Detail any specialist knwledge yur rganisatin has r any expert partners. Prvide brief details f any similar prjects which yur rganisatin has successfully delivered. Yur respnse shuld demnstrate that yur business and its peple have the skills and experience t deliver the prject successfully. Attachment- Mandatry Please attach CVs fr prject staff. (nly PDF file attachment, up t 5MB will be accepted) Please prvide a letter f supprt frm an identified custmer, industry partner r investr. * Yu must prvide a letter f supprt frm an identified custmer, industry partner r investr. The letter f supprt shuld cme directly frm an authrised representative f the partnering rganisatin and shuld prvide details f their psitin title and the rganisatin they wrk fr. The letter f supprt shuld briefly explain the prpsed level f supprt being ffered by their rganisatin including any financial supprt r future plans t purchase the prduct, prcess r service yu are develping. Letters f supprt must be frm individuals r entities external t yur rganisatin therwise they will nt be accepted. Attachment- Mandatry (nly PDF file attachment, up t 5MB will be accepted)

5 Assessment Criteria 4: Prject Outcmes Hw will the prject benefit yur business?* What ecnmic benefits, including jb creatin, will result frm successful delivery f the prject?* Hw many new psitins will be created fr this prject as a result f this funding utcme?* (1500 character limit) What ther benefits des yur prject bring t yur industry and t Queensland? * Yur answer may address the fllwing: Hw will the prject secure new investment r custmers (market). Hw the prject will result in increased revenue, prductivity r prfitability fr yur rganisatin. Prvide utcmes which will accrue t the Queensland ecnmy as a result f this prject with a specific fcus n any jbs which will be created. Yur answer culd include the fllwing utcmes: Jb creatin. Increased investment in Queensland business. Increased exprts. Increased investment in R&D. Hw many new jb psitins will be created directly as a result f this funding? Please input the number f new psitins and the psitin title. Please prvide the ratinale behind the jb creatin figure. If nil, please input 0. Prvide an utline f any ther benefits which will accrue t Queensland as a result f this prject. These benefits culd include ecnmic, scial, envirnmental and/r ther utcmes. Will the prject create partnership and/r supply chain pprtunities fr ther businesses. Will the prject have psitive effects n ther rganisatins in yur industry. List any partnerships r cllabrative arrangements that yu will frm in rder t successfully cnduct this prject.