Professional Documents
Culture Documents
JOSEPHINE G PATERSON
Abstract
The changing health and social care landscape,
and, in particular, the financial challenges affecting
the NHS, can present difficulties for staff looking
for funding to support innovation and new ways of
working. One method of competitive tendering that
is becoming more accepted as a way of allocating
funds, encouraging staff engagement and developing
innovation for research is a format based the BBC
television series, Dragons Den. This article describes
how Hounslow and Richmond Community Healthcare
NHS Trust, London, has developed a Dragons Den
initiative of annual competitive research funding
allocation to ensure that some of the most dynamic
practice in the trust is captured.
Keywords
Innovation, funding, finances, Dragons Den
Introduction
Dragons Den is a BBC television series in which
entrepreneur contestants have three minutes to pitch
their business ideas to a panel of five multi-millionaires,
known as the dragons. If suitably impressed,
the dragons invest their own money into the proposed
scheme.The contestants often have potentially
profitable business ideas but lack funding and
direction, so the dragons provide financial backing
and mentorship, both of which are often crucial to the
success of proposals, to the lucky participants.
Raising support
Hounslow and Richmond Community Healthcare
NHS Trust (HRCH) developed the Dragons Den
initiative to ensure that some of the most dynamic
practice, which often goes on in some of the
smaller healthcare teams, is captured. In 2012,
the trusts director of quality and clinical excellence
(QCE) secured funds of up to 30,000 from trust
charitable funds to be used to develop and host
a Dragons Den-type scenario to encourage research
and innovation.
The first priority was to secure executive support
for the project from members of the HRCH senior
management team, who would be needed to provide
ongoing mentorship for successful applicants.
A collaborating university academic was also invited
NURSING MANAGEMENT
Downloaded from RCNi.com by ${individualUser.displayName} on Nov 21, 2015. For personal use only. No other uses without permission.
Copyright 2015 RCNi Ltd. All rights reserved.
Alamy
NURSING MANAGEMENT
Downloaded from RCNi.com by ${individualUser.displayName} on Nov 21, 2015. For personal use only. No other uses without permission.
Copyright 2015 RCNi Ltd. All rights reserved.
Score
Comments
Score
Comments
Purpose/strategic fit
Service aims
Model for service delivery
Costs/income
Benefits realisation quantitative
Benefits realisation qualitative
Knowledge
Post-bid presentation
Bid section
Care does the bid meet the trusts vision and service aims? Will it
improve patients experiences?
Compassion does the bid indicate that it would improve staff
ability to care with compassion?
Communication do you understand the bid? Would it make
sense for patients?
Courage how able is the service to take risks to succeed?
Commitment will the service actually implement the change and
secure publishing?
Competence is the service able to implement the change?
30 July 2015 | Volume 22 | Number 4
NURSING MANAGEMENT
Downloaded from RCNi.com by ${individualUser.displayName} on Nov 21, 2015. For personal use only. No other uses without permission.
Copyright 2015 RCNi Ltd. All rights reserved.
Downloaded from RCNi.com by ${individualUser.displayName} on Nov 21, 2015. For personal use only. No other uses without permission.
Copyright 2015 RCNi Ltd. All rights reserved.
Reflections
Following the Dragons Den sessions, the panel
considered the effect on the unsuccessful teams
and how the trust might ensure that staff remained
motivated and encouraged to put forward ideas.
It appeared that those who made bids required the
whole budget, which prevented funding more than
one initiative, and the dragons felt frustrated at their
inability to support more than one idea.
The dragons wanted to ensure that each
service received positive feedback, so the director
of QCE visited each of the applicant teams to
provide this and to discuss how the ideas could
32 July 2015 | Volume 22 | Number 4
Downloaded from RCNi.com by ${individualUser.displayName} on Nov 21, 2015. For personal use only. No other uses without permission.
Copyright 2015 RCNi Ltd. All rights reserved.
Conclusion
A climate of efficiency savings can be challenging
for staff looking for funding to support innovation
and new ways of working. There is a tendency to
respond to the changing health and social care
landscape, and, in particular, the financial challenges
affecting the NHS, by limiting spending on research
and innovation. While there is evidence of efficiency
savings in the NHS, it is not always so easy to
determine where the saved money has been spent.
Money for research and innovation in particular is
highly competitive and difficult to secure.
Online archive
Journal articles
Revalidation resources
RCNi Hub
RCNi Portfolio
Conflict of interest
None declared
From just
5.50
a month
www.rcni.com
NURSING MANAGEMENT
Downloaded from RCNi.com by ${individualUser.displayName} on Nov 21, 2015. For personal use only. No other uses without permission.
Copyright 2015 RCNi Ltd. All rights reserved.