Innovation

Idea Name*

Name*

First Last

Company*

Title*

Email*

Phone*

Who is submitting this idea?*

Business area where idea is focused*

select one

If other, please describe

Idea Type*

Original/New Concept/Product/Service
Existing but Improved Concept/Product/Service

If procurement related, does the product/service exist in StateBid?*

Yes (if yes, process stops here as it does not meet the requirements of an Innovation Idea and information will be forwarded to the appropriate procurement personnel)
No

Idea Summary*

Please summarize your idea using 1 sentence, which defines its central idea and why it is better than existing or competitive products/services.

Idea Description*

Please provide a detailed explanation of your idea, using enough detail (who, what, when, where, why, how), but no more than 6 paragraphs, for E-470 to make an evaluation of its potential.

Business Value*

What is the problem the recommendation is intended to solve and how specifically will the new idea satisfy that need? This section should be 2-3 paragraphs.

Benefits Expected

In the following section, you will expand on up to three benefits of the idea.

Which of the following categories, effectively summarizes the investment benefit?*

You will have the opportunity to expand on the benefits in the next several questions.

Net Positive: Tangible Return on Investment (i.e., the investment will pay itself back over time and includes the following categories: Cost Reduction or Revenue Generation)
Net Neutral: There is no real net positive nor net negative impact to implement the idea (i.e., investment is equally offset by the benefit and can include all categories)
Net Negative: There is a cost to implementing the Idea but the idea has non-monetary benefits (i.e., an investment is required to stabilize an area of high risk, close a compliance gap, provide significant operational improvement or provide a significant quality improvement and includes the following categories: Compliance Improvement, Operational Improvement, Quality Improvement or Risk Reduction)

Benefit 1 Category

Operational
Compliance Improvement
Cost Reduction
Customer Service/Experience Improvement
Operational Improvement
Quality Improvement
Revenue Generation
Risk Reduction
Other

Please describe

Benefit 1 Brief Description

Benefit 1 Quantifiable Improvement Expected

i.e., measurable such as dollar value, percent, etc. improvement expected (please be specific) and over what period of time

Benefit 2 Brief Description

Benefit 2 Quantifiable Improvement Expected

i.e., measurable such as dollar value, percent, etc. improvement expected (please be specific) and over what period of time

Benefit 3 Category

Operational
Compliance Improvement
Cost Reduction
Customer Service/Experience Improvement
Operational Improvement
Quality Improvement
Revenue Generation
Risk Reduction
Other

Please describe

Benefit 3 Brief Description

Benefit 3 Quantifiable Improvement Expected

i.e., measurable such as dollar value, percent, etc. improvement expected (please be specific) and over what period of time

Risks*

What are the faults, limitations, problems or risks associated with implementing the idea? Please be detailed and specific. You must include at least one.

Additional Information

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Phone

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Innovation Idea Submission Form

Benefits Expected