The purpose of the New Idea program is to outline a clear and simple process for the entire campus community to participate in the generation of new ideas for the University to consider to advance its mission and vision as outlined in the Strategic Plan.
A “New Idea” is an idea that is formed into a prospectus and submitted into the New Idea process. New Ideas can be large or small and migrate through several phases from initial submission including proposal development, evaluation, rejection or implementation. While New Ideas can be about anything, most will be submitted with a purpose to significantly advance the University’s mission, vision, reputation, or recognition, bring greater alignment between academic and strategic investment priorities, transform the impact the University has on society and/or excite students, faculty, staff, donors, and other community leaders.
Anyone within the University community (students, faculty, and staff) can submit a brief prospectus outlining a New Idea.
A standard prospectus form has been created to simplify the process. You can create text within the electronic form or you can copy and paste from another document into the appropriate section. The form can be found at http://www.valpo.edu/newidea/form.php
It’s simple! To get started we basically need a description, the rationale, estimated demand, costs, and benefits/return. Click on this link to learn more http://www.valpo.edu/newidea/form.php
The first step in the New Idea evaluation process includes the assessment of the New Idea by the appropriate academic unit or campus department. Therefore, all New Ideas are submitted to the same place.
While some New Ideas that do not advance to the proposal stage will be rejected outright, some will be placed in an idea “bank” for future consideration. Rest assured, all new idea submitters will receive communication regarding the status of their idea as it moves through the New Idea process.
You may be asked to provide only specific elements of a full proposal, or you may be asked to prepare a full proposal. The proposal will contain more fully developed information than the prospectus including a more detailed description of the program, background information, a business plan, market analysis, financial analysis, time schedule for implementation, and supporting materials.
The New Idea site has a section called “Ask A Question” that can serve as an initial source for assistant. Additionally, the Dean and/or Vice President who would have eventual oversight responsibilities once your proposed New Idea becomes a reality may be able to provide assistance.
Click the “Ask A Question” button on the New Idea site or simply send an email message to new.Idea@valpo.edu.