Recommendations
CAB Members are recommended to:
a) Approve the following decisions in relation to the year 2 London Ventures business plan –
i. To defer the start of second cycle of targeted ventures to no later than April 2018 to allow for further support to the homelessness, TA and housing workstream
ii. To have a bi-annual general ventures portfolio review
b) Approve the seed funding criteria for the targeted ventures programme as set out in Appendix B.
c) Approve the following decisions in relation to the Dragon’s Den report –
i. Agree to the next steps and resource allocation proposed for each of the shortlisted ideas from the Dragon’s Den session.
ii. To commit resource to produce a document to showcase all rejected ideas from the targeted ventures process
iii. Note that CAB will be determining which shortlisted ideas will be part of the London Ventures portfolio and allocating seed funding at the October meeting
d) Note the London Ventures progress update and approve the amended wording for the Oxygen Finance commercial deal.