What is meant by Themed Challenges

Here are some examples of Themed challenges:-

HEALTHCARE CHALLENGE

Assuming a regional NHS Care Commissioning Group was a stakeholder and was anxious to identify solutions that overcome the rising cost and demand for caring for the elderly in an area; the LIP would be engaged to launch a Healthcare themed challenge to explore ideas and solutions.  This would first involve clarifying the economics and root causes of problematic issues by engaging the broad range of stakeholders responsible for delivering healthcare within the context of the issue.  And with a clearly framed challenge, Entrepreneurs and Innovators are invited to present their solutions.  The best ideas are selected and then progressed through the incubation process.

ECONOMIC REGENERATION

Assuming a large Multinational Corporation was a stakeholder, but planned to cease operations in a region, which would likely have a devastating effect on the local economy; the LIP would be engaged to explore innovative ideas that could benefit from the ‘soon to be unemployed’ skilled workforce, ‘redundant capacity’ in the supply chain and empty commercial premises.  The best ideas are selected and then progressed through the incubation process.

FOOD SECURITY

Assuming a large Fast Moving Consumer Goods retailer was a stakeholder and keen to reduce the environmental footprint or improve the security of the supply chain for the goods sold; the LIP would be engaged to launch Themed challenges that explore alternative solutions.  This would involve clarifying the economics and roots causes of relevant issues by engaging stakeholders throughout the supply chain and within the context of the issues. With one or more clearly framed challenges, Entrepreneurs and Innovators are invited to present their solutions.  The best ideas are selected and then progressed through the incubation process.