TOC15 competition brief – 345kb, PDF
Transcription
TOC15 competition brief – 345kb, PDF
Train Operator Competition 2015 - TOC’15 The Prize The FutureRailway programme is giving access to £6m to help co-fund strategic portfolios of innovation projects for UK train operator companies (TOCs). The Purpose The competition is intended to increase train operators’ awareness and ability to design an innovation strategy and to put the mechanisms in place to enable its delivery. The scope of this delivery includes innovative services, processes, designs and technology from proof of concept, to working operational prototype, and beyond. The innovation strategy should address the current and future challenges of the railway industry contained in the Rail Technical Strategy, which can be summarised by the 4C’s: Customer experience, expanded Capacity, reduced Costs, and reduced Carbon. The Concept Sponsored by a TOC (or its owning group), the competition is the first stage for applications to access to the fund. This access is gained by presenting a strategic portfolio of innovation projects that aim to address the business challenges of TOCs using innovative processes, services or technologies. The second stage will be for worked-up projects to be approved by the Innovation Board appointed to oversee the Innovation in Franchising Funding Scheme (IiF-FS). Why portfolios? Collectively, portfolios can increase the effectiveness of investment in innovation, through either increasing the potential returns due to complementary projects, or reducing overall risk, due to decreased reliance of any single project. Applicants: UK TOCs TOC Owners and partners Projects? Yes Yes Portfolios? Yes Yes Innovators (inc. supply chain & SMEs) Yes (if sponsored by a TOC) No The Process A two stage approach has been adopted for applicants seeking funding. Stage 1 - Fund Access: applicants submit an innovation strategy and an outline of indicative innovation projects, set in a strategic context. Strong entries will be invited to present their strategy and successful applicants will gain access to the fund and go through to the next stage. It is anticipated there will be no more than three short-listed applicants for Stage 2. Stage 2 – Project(s) Approval & Award: short-listed applicants from Stage 1 will be required to further develop agreed innovation projects within their portfolio, for evaluation by the IiF-FS Innovation Board. Upon approval by the Innovation Board, project delivery will be contracted and funds awarded. FutureRailway c/o RSSB, Block 2, Angel Square, 1 Torrens Street, London, EC1V 1NY www.futurerailway.org/competitions • Owning Groups • Train operating companies (TOCs) • (sponsoring / collaborating) with supply chain / SME’s Competition Open & Launch Event • • • • Submission(s) Review & Evaluate Selected Interviews • Portfolio of proposed innovation project(s), each set in a strategic context • Indicative Implementation Plan Competition brief ITT, evaluation criteria and T&Cs Application Form Facilitate collaboration Initial review of high-level (3 pager) portfolio / specific project(s) and Implementation Plan, by IBA for consideration by IB Those projects accepted to be developed into full business case, by shortlisted applicant Review Proposals Stage 1 £2m - £3m (2 to 3 shortlisted companies gain access to fund) Detailed project(s) to be considered by IB for funding Approve & Award Funding Develop Detail Innovation Board Short List Stage 2 Innovation Board Administrator The Timing Stage 1 Activities: Access to Funding Date Stage 1 Competition opens and launch / briefing event Tue 17th March Separate partnering event (if required) (to be advised) Deadline for clarification questions Thu 30th April Stage 1 closes – final date for submission of responses Fri 15th May Presentation of selected entries to the Innovation Board (to be advised) Shortlisted entrants notified and gain the right to access the fund Stage 2 opens – submission of detailed proposals Innovation Board approval and subsequent delivery by TOC By the end of June 2015 End of June 2015 August 2015 Who will win this prize? FutureRailway are interested in strategically coherent propositions with compelling Scope, market-making Scale and demonstrable ability to deliver significant Impact. Further Information Potential applicants must register their interest with FutureRailway by emailing [email protected] Following registration, applicants will be provided with all the supporting information needed to respond, including: Invitation to Tender; Application Guide; and, Application Form. FutureRailway c/o RSSB, Block 2, Angel Square, 1 Torrens Street, London, EC1V 1NY www.futurerailway.org/competitions