Vision 2026 Faculty Innovators
The Provost's Office has launched the Vision 2026 Faculty Innovators initiative to encourage new faculty-driven projects that advance the four pillars of the strategic plan: data, water, democracy and careers. The initiative helps faculty members drive from idea to fruition with staged check-ins that test and reward the projects across five stages. Rewards and project support escalate over the course of the phases.
Phase Four: Feasibility Test
The fourth phase proves that William & Mary can launch the project at a world-class level. Faculty innovators outline in roughly 15 pages (with appendices) how the project is within the reach of the university now or will be in the future. Rewards are distributed after proposals advance to the next stage.
Deadline
Late Fall 2023
Rewards
- Support for approved expenses for Phase 5
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Phase 1: Open Call |
Phase 2: Concept Build-Out | Phase 3: Desirability | Phase 4: Feasibility | Phase 5: Viability |
|---|---|---|---|---|
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Identify Faculty Innovators and proposed initiatives |
Develop concept with support provided for initial data gathering |
Develop the proposed initiative with support on desirability in the program's target market |
Develop the proposed initiative with support on feasibility at W&M |
Develop the proposed initiative with support on viability at W&M |
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Proposals sketch the concept in relation to the university's mission and Vision 2026 university-wide initiatives (Data, Water, Democracy & Careers) |
Advancing proposals demonstrate the potential to achieve desirability, feasibility and viability | Advancing proposals demonstrate sufficient market demand necessary to potential feasibility and viability | Advancing proposals demonstrate feasibility to successfully operate at a high-level within the university context | Advancing proposals demonstrate viability as a business plan for implementation |
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Submissions by March 17 |
Submissions by April 28 | Summer 2023 | Fall 2023 | Winter 2023 |
(Closed) Phase Three: Market DesirabilityThe third phase tests the market desirability and demand for the project with salient and convincing data. Faculty innovators outline in roughly 10 pages (with appendices) the assumptions and data that support market confidence for W&M to further invest. Rewards are distributed after proposals advance to the next stage. DeadlineSummer 2023 Rewards
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(Closed) Phase Two: Build-OutThe second phase tests assumptions and initial data to foster confidence to invest in the idea. Faculty innovators outline in roughly five pages (with any additional appendices) how the project has the potential to achieve desirability, feasibility and viability. Rewards are distributed after proposals advance to the next stage. Contact [[ksswan, Scott Swan]] for additional assistance. DeadlineApril 28, 2023 Rewards
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(Closed) Phase One: Open Call for ProposalsThe first phase identifies innovators and initiatives. Faculty innovators outline their project idea in one page, identifying its relation to Vision 2026's key initiatives and detailing roughly how the project might develop. Contact [[ksswan, Scott Swan]] for additional assistance. Phase 1 Worksheet (pdf) Proposal Example (PDF) DeadlineMarch 17, 2023 Rewards
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Phase Five: Viability TestThe fifth and final phase builds the case that the initiative makes economic sense for William & Mary. Faculty innovators build a business model in roughly 20 pages (with appendices) with assumptions and believable data that foster confidence in W&M to invest further. Rewards are distributed after proposals advance. DeadlineWinter 2023 Rewards
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