Six of Britain’s top entrepreneurs have offered to help small companies build their business proposals about better value services to a government ‘Dragons’ Den’-styled panel.
The entrepreneurs will coach representatives from small and medium-sized enterprises that have submitted successful ideas for innovative and cost-saving government goods and services to the recently launched online Innovation Launch Pad.
The mentors will include Jon Moulton, founder and managing director of private equity firm Better Capital, and Mike Lynch, co-founder of software start-up Autonomy. SMEs from every industry are invited to submit a 500 word proposal on how their goods and services could help save the government money or deliver better outcomes. Civil servants will vote for the ideas judged to have the greatest potential. The chosen business representatives will then present their ideas to a panel of senior government business officials, following coaching by the entrepreneurs.
Minister for the Cabinet Office Francis Maude says, ‘We want to make it easy for small businesses to tell us their ideas, as they will have a vital role to play in helping us to find new, innovative and more cost effective ways to improve services to the public.’
APA
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