Innovation Project Proposal Template

Project Title:

Introduction:
 Provide a brief overview of the project, including the problem or need it aims to
address.
 Explain why this problem is important and relevant.
Objectives:
 Clearly state the objectives of the project in a concise manner.
 Highlight what the project aims to achieve.
Methodology:
 Describe the approach or methodology that will be used to accomplish the project
objectives.
 Explain the key activities or steps involved in implementing the project.
Innovation Plan:
 Present the innovative solution or idea that will be developed or implemented.
 Explain how the innovation will solve the identified problem or meet the identified
need.
Project Timeline:
 Provide a timeline or schedule outlining the major milestones and estimated duration
of the project.
 Include key deliverables or outcomes for each phase of the project.
Documentation and Reporting:
 Maintain thorough documentation of the innovation plan, experiments conducted,
data collected, and outcomes achieved.
Resources and Budget:
 Identify the resources required to carry out the project, such as personnel, equipment,
and materials.
 Provide a high-level estimate of the budget needed to execute the project.
Evaluation and Impact Assessment:
 Describe how the success and impact of the project will be evaluated.
 Outline the criteria or metrics that will be used to measure the effectiveness of the
innovation.
Conclusion:
 Summarize the main points of the project proposal, emphasizing the significance of
the problem, the innovative solution, and the expected impact.
 Highlight the potential benefits and value of implementing the project.
Format:
 Font Size – 12
 Font Style – Times New Roman
 Spacing – Single Space
 Size – A4
 Margin - Normal