The Public Entity Risk Institute (PERI), a nonprofit riskmanagement training and educational group, called today forproposals for a program to stimulate research and development inthe risk management arena.

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PERI, based in Fairfax, Va., said it plans to invest in newpartners that advance creative products and services for managingrisk as part of a PERI Enterprise Investment Program.

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The organization said it is interested in making equityinvestments of $100,000 to $250,000 in ventures that advance thepractice of risk management within public entities, smallbusinesses or nonprofit organizations.

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Among the investment partnership opportunities of interest toPERI constituents are products and services related to riskidentification and assessment, risk control strategies or bestpractices, and electronically-delivered training, the groupsaid.

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"PERI has always strived to be a catalyst in the risk managementfield," explained Gary Binger, vice chairman of PERI's board.

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"The goal of the Enterprise Investment Program," he explained,"is to uncover creative development concepts for new products andservices that will expand and improve the practice of riskmanagement within our constituent groups."

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Organizations and individuals interested in partnering with PERIshould participate in a two-step proposal process, the group said.Information about the proposal process is available on PERI's Website at www.riskinstitute.org.

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Initial concept papers outlining the product or service shouldbe submitted to PERI no later than June 1. This concept paper or"mini business plan" will present an overview of the innovator'sproduct or service idea and explain how PERI and its constituencywould benefit from its development.

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PERI said it will review each concept paper and, if the PERIboard of directors feels the concept has potential, a full businessplan will be requested.

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A detailed handout on the proposal requirements is available onthe PERI Web site at www.riskinstitute.org or by calling PERI at(703) 352-1846.

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(PERI is a nonprofit, nonmembership organization that providesrisk management education and training resources for localgovernments, school districts, small businesses, nonprofits andothers.

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PERI operates a national performance measurement andbenchmarking database known as the PERI Data Exchange, which allowslocal governments to compare liability and workers' compensationdata with their peers and identify strategies to reduce losses andcontrol costs.)

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