|
The Innovation Hothouse -
Assessment Criteria
The Judges will assess each entry using the following metrics and the individual elements specified therein:
1. Concept and Embodiment (20 marks)
-
Originality of idea.
-
Feasibility of the business model given the market opportunity and the venture.
-
Scalability, in terms of the potential for growth or replication of the venture.
-
Well-conceived implementation plan and timetable.
-
Overall likelihood of achieving demonstrable results.
-
Robustness and effectiveness of the concept’s embodiment.
2. Market (15 marks)
-
Evidence of demand for the venture in the marketplace; market size and growth opportunity.
-
Demonstrated knowledge of target market.
-
Competitive analysis, SWOT analysis.
-
Marketing plan addresses (where applicable): positioning, pricing, advertising, promotion, packaging, timetable.
3. Social Impact Assessment (15 marks)
-
Reach, depth and quality of social impact.
-
Rigour and validity of social impact analysis calculation.
-
Proposal for implementing social impact metrics.
4. Financial Viability and Sustainability (20 marks)
-
Fundability: the potential for the venture to receive financial support from additional investors/donors (including opportunities for funding from foundations, social venture funds, angel investors and venture capitalists).
-
The rigour and feasibility of the venture's financial model and goals.
-
Potential for follow-on funding to grow the venture through self-sufficiency or profitability.
-
Quantify venture leader's ability to develop people, promote change and achieve results.
5. Management (10 marks)
6. Performance Benchmarks (10 marks)
7. Risk Assessment and Contingency Plans (10 marks)
|
 |
Skip to page footer
|
|
