AGENDA DATE: 3/7/2018
TITLE:
Title
Innovation Fund Update
BODY
SUBJECT/PROPOSAL/REQUEST: Report on the status of the County's Innovation Fund
ITEM TYPE: Regular Information Item
STAFF CONTACT(S): Richardson, Walker, Letteri, Wyatt
PRESENTER (S): Louise Wyatt
LEGAL REVIEW: Not Required
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: Innovation, learning, and stewardship are three of the County's four core values; the Innovation Fund encourages all three by dedicating one-time money to support the start-up of organizational initiatives that reduce costs and improve customer service and productivity. Since the inception of the Innovation Fund in FY 14, the Board has received periodic updates on the initiative. Last fall, the Board expressed an interest in getting another update.
STRATEGIC PLAN: Quality Government Operations: Ensure County government's capacity to provide high quality service that achieves community priorities
DISCUSSION: A cross-functional team of County employees came together to create the Innovation Fund program following adoption of the FY 14 budget, which made funding available. The team stressed a spirit of entrepreneurship in designing the Fund. Program guidelines were developed as outlined below, along with eligibility criteria and an application and review process.
The "Inventing Albemarle" Innovation Fund supports projects that:
--Yield a return on investment, may be measured in new ideas or relationships as well as new dollars
--Support an "innovation culture" in the organization
--Reduce operating costs/create capacity by freeing up employee time for more productive work
--Increase process efficiency, quality, and services that impact staff and/or customers
--Leverage technology, including automating/standardizing routine processes
--Improve customer experience - both internal and external
--Establish a competitive edge
Selection criteria that project proposals are judged on include:
--Ali...
Click here for full text