The first step is that the project promoter completes the technical analysis, concept designs, business case, schedule, funding structure, risk mitigation, value proposition, support required, costing, etc for the project of interest before approaching the Board. This pre-work should be compiled and send to the Board with a cover letter stating the project highlights, the nature of the partnership required from the Board and the value proposition. The submission would then be reviewed and subjected to the HYVIP Process.