International Forum on Innovation and Entrepreneurship
Shortlisted Team  
Judge Name  
Criteria Weight Score
Satisfy unmet need
(Need has not been served before;
Consumers looking for the solution to solve their problem)
10    
Size & growth of potential market
(Existing market size + Forecast of potential new customers )
10    
Team formation with complementary skills
(Multidisciplinary team, for example team consisting of members with marketing skills,
engineering, management, finance, IT etc.)
15    
Financial viability of the venture
(Is the venture too costly to implement?
 Is the team able to justify the costly venture?)
15    
Competitive differentiation
(Does the team present the overview of the exiting competition
in the market and explain how their product is different)
10    
Innovative approach to develop the idea
(How innovatively team has implemented the prototype as
compared to the rest of the teams in the competition?)
10    
Ability to commercialize the idea
(Method the team employs to launch the product in the market,
for example, financial sponsorships, supplier contacts,
brief marketing plan etc.)
15    
Idea pitching (presentation)
(Ability to clearly present the idea and convince
the judges about the above mentioned criteria in comparison to other teams)
15    
TOTAL 100