Deloitte to foster intrapreneurship with 25 million fund

18 November 2014 Consultancy.uk

Today’s brightest minds are chasing the dreams of creating successful start-ups. To tap into the potential of the entrepreneurial spirit within Deloitte’s innovation capital, it is offering its staff the opportunity to follow their dream idea through a newly released ‘intrapreneurship’ programme.

Deloitte is offering its workers the best of both worlds. It has created a £25 million pound fund which can be accessed by its own employees that have innovative business ideas. "We have some of the most entrepreneurial minds in the country right here in our organisation and we want to give them the opportunity to develop in unique ways,” says Simon Owen, Managing Partner for Innovation at Deloitte. So far 50 business ideas have been put forward by employees.

Innovation

During their undertaking the employee will remain part of Deloitte and will continued to be paid by them. They will have access to capital from the fund, as well as access to various experts within Deloitte, such as legal, risk, technology, brand, marketing and other support from within the firm. The plan is to foster a number of ideas within a highly charged and structured environment.

Yet just as with many start-ups, “we’ve got to be realistic, not all of these will be the next generation [of companies]. When it doesn’t work, we will shut it down in an orderly fashion. The employees will remain part of Deloitte and they will return to the mothership... There is no financial risk for them,” says Owen.

Most of the successfully created businesses will fall, legally, under Deloitte’s Innovation Investments. The ideas offered by the employee will therefore not be their own. However, Deloitte will offer a reward for the author of the business ideas that become profitable or returns from a business sold, and will “ensure mutual benefit for the entrepreneur and the firm”.

Simon Owen - Deloitte

Deloitte is not the only consultancy concern experimenting with new ways to create opportunities, last year KPMG launched a £61.9 million Big Data investment arm to accelerate innovation in big data analytics, although the fund focuses on external investments.

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Two consultancies among UK’s best office breakout spaces

05 April 2019 Consultancy.uk

A pair of Bristol-based consulting firms have been recognized for having among the UK’s best office break areas. People Source Consulting and Ashville were marked out for their vibrant and fun spaces, which feature table games, picnic areas, and even beer.

With competition for talent in the UK continuing to heat up – as the nation continues to enjoy its highest employment rate since the 1970s – firms have been upping their game on multiple fronts to help attract the cream of the crop. In order to successfully court the best candidates, companies are not only taking into account pay and benefits, but are also working to lure potential employees to their firms with the promise of innovative and vibrant work spaces.

In late 2018, employment website Glassdoor announced ten offices had been named the coolest places to work in the UK. Among those lauded for their work in enriching the working day of their employees was Capco – the only consultancy to make the grade.

Two consultancies among UK’s best office breakout spaces

Now, HomeLeisureDirect.com, a leading games room specialist based in the UK, has announced the ten offices it believes have made the cut for its inaugural Office Breakout of the Year competition. The contest has pitted a diverse range of companies against one another to be named the best office-based breakout space that the UK has to offer. Research from HomeLeisureDirect.com recently revealed that 65% of workers would consider switching employers for a better working environment, making the appearance of two consultancies on the list especially important for their recruitment ambitions.

People Source Consulting – a recruitment business from Bristol – hosts a brightly lit and vibrant space, complete with faux grass and picnic benches, along with a well-stocked beverage fridge – alcohol appears to be an option – as well as an array of tabletop games, including pool. Ashville, an asset management consultancy also based in Bristol, meanwhile boasts a break room decked out with table football, a table tennis court and even arcade machines.

Two consultancies among UK’s best office breakout spaces

The other eight finalists exhibit offerings including swinging hammocks, scooters and a bizarre and brilliant variety of other features. The other nominees are accessplanit – a software business from Lancaster; Digital 22 – a marketing and design agency from Clitheroe; Roc Search – a tech and engineering recruitment specialist from Reading; Sales-i – a provider of sales analytics software from Solihull; SEC Group – an office fit out company from Stevenage; SLG Brands – a portfolio of beauty brands with a head office in Cheltenham; Zest Digital – a digital marketing agency from Oxford; and 16i – a digital design agency also from Cheltenham.

Andy Beresford, MD of HomeLeisureDirect.com, said, “According to recent reports, the UK is currently seeing record levels of employment, and while that might be a great statistic, the knock-on effect is that it’s becoming harder and harder to recruit top talent… Being named as a finalist gives those shortlisted businesses the opportunity to showcase how they go about delivering a better working environment for their employees, with some top effort evidently involved judging by what we’ve seen.”