Panel make up
There will be up to three panel sessions each year. Each session will have enough panellists participating to outnumber trustees on the panel. So if only one trustee is participating, there will be a minimum of three panellists. If two, there will be a minimum of five.
With limited budget available for each Panel session, the Launchbox process is inevitably competitive. Usually a maximum of four applicants will be asked to pitch at each session. Those who are rejected will be informed they have not made it through to the next stage. We are sorry but individual feedback is not given.
Marking written submissions
Each written submission (see Launchbox applications) will be marked by the Norda Trust using the following factors…[table id=1 /]
* ‘Needs of applicant’ to reflect Trust’s stated preference to help those facing greater challenges (in terms of earnings, background etc). Read more
The Trust will then compare scores and choose which applicants to invite to pitch at a Panel session.
The Panel on the day
A chair will be chosen by the group. Each applicant will be given up to 10 minutes to pitch their proposal. They can use powerpoint, handouts or just talk through their application. Panellists will then ask questions.
When the questioning is finished the panellists will all give expert feedback on the proposal (whether they are minded to fund it or not), so that applicants gain quality advice as part of the process.
The panellists will then score each of them afresh as follows:[table id=2 /]
There will then be a ‘wash up’ in which the panel will reveal and compare scores to give an overall ranking.
The panel will then look at the available Launchbox budget against the amount funding applicants have asked for. Those asking for larger amounts (towards the maximum) are less likely to be approved if competition is strong. The panel may however approve fewer bigger proposals – or suggest that applicants asking for large amounts consider a smaller amount of funding.
The panel cannot fund more than the available budget at each session. In the event of failure to agree, a vote will be taken on borderline applications not supported by all, until the budget has been reached.
The process is one of judgement not a simple score card. The panel’s decision is final.
The aim is to let applicants know the decision the same day, with written feedback sent later.
For those who succeed, the money will be made available as soon as a contract has been formally agreed.