If you’re thinking of entering the latest GeoVation Challenge to encourage active lifestyles, the guest blog post below from Richard Page, one of the winners of the Environment GeoVation Challenge, may help answer your questions about what happens if you’re lucky enough to be a GeoVation winner.
Winning the GeoVation Challenge is a fantastic feeling. I should know, as I was one of the winners of the Environment Challenge earlier this year. To be honest when this was announced at the end of GeoVation Camp, I thought that’s it, I’ve won, now give me the money! The truth is that what goes on after the announcement of your success is as important, and in some respects more important, than what went on before, only nobody tells you that; well, until now that is.
So what happens after the announcement at GeoVation Camp has been made?
You know you’re a winner and that you are going to get some money, but how much, when and what do you have to do access it? The answer is that this is just the start of your journey. There is a venture plan to write, and more, before you receive your funding. That can take around 12 weeks in all and you really need this time to get yourself organised.
A few days after GeoVation Camp when I was back in my office, still inordinately pleased with myself for winning, an email from Viv Alexander popped into my inbox. Along with congratulations, she sent details of the next stage in the process. This was to write a venture plan, to a standard format, and submit it to the judges a couple of weeks later. In it I must go into much greater detail of exactly how my project will work, its time scale, milestones and exactly how I will spend the money. Once submitted it will be circulated to all the judges who will assess it at a meeting and make the final decision on the allocation of funds. There will then be a phone call letting me know how much funding I have won.
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