Innovation Partner Proposal
To consider a proposal to develop a relationship with an innovation partner.
Exempt: Not for publication under paragraph 3
Information relating to the financial or business affairs of any particular person (including the authority holding that information)
[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]
Additional documents:
Decision:
· That an investment be agreed on the basis set out in the report submitted.
· That the Strategic Director for Business Services, in consultation with the Leader of the Council, be authorised to agree appropriate contractual arrangements on behalf of the Council, following completion of appropriate due diligence.
Reasons for Decisions:
An innovation partnership will bring to the Council expertise, intellectual knowledge and a wide network that is essential to its journey of innovation. This partnership will introduce skills and competencies which would be difficult for a local authority to attract in isolation and might otherwise be sought from more expensive consultancy arrangements.
Minutes:
The Cabinet considered a proposal to strengthen its relationship with an innovation partner, together with a social investment fund, to acquire skills, expertise and further develop its network of innovation.
RESOLVED:
1. That an investment be agreed on the basis set out in the report submitted.
2. That the Strategic Director for Business Services, in consultation with the Leader of the Council, be authorised to agree appropriate contractual arrangements on behalf of the Council, following completion of appropriate due diligence.
Reasons for Decisions:
An innovation partnership will bring to the Council expertise, intellectual knowledge and a wide network that is essential to its journey of innovation. This partnership will introduce skills and competencies which would be difficult for a local authority to attract in isolation and might otherwise be sought from more expensive consultancy arrangements.
Future Gov Investment Proposal
Future Gov Ltd a provider to the Council is a small company specialising in developing innovative technology based products and providing consultancy services to public sector organisations to improve service efficiencies and outcomes for residents. Future Gov are seeking to secure funding partners to enable the company to deliver ambitious growth plans over the next five years. Future Gov have approached the County Council to participate in this fundraising.
Exempt: Not for publication under paragraph 3
Information relating to the financial or business affairs of any particular person (including the authority holding that information)
[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]
Additional documents:
Decision:
This report was withdrawn from this meeting.
Minutes:
This report was withdrawn from this meeting.