Feasib Criteria.docx

XIV.- Judging Criteria and Scoring Element

Objective

A.- Project Plan Technical Review

Scoring Weight

65%

1. Innovation

Creativity and Originality

15%

2.- Market Feasibility

Response to Clear Market Needs

15%

3.- Management Feasibility

Human and Technical Resources

15%

4.- Financial Feasibility

Start up and Sustainability

15%

5.- Overall Business Plan Presentation

Technical / Presentation Professionalism

5%

B.- Promotion tools and Prototype

35%

1.- Graphical presentation OR video

10%

2.- Facebook group/page or Blog

10%

3.- Prototype

15%

Total Percent

100%

Evaluation Scale: 1-5 Project Plans will be evaluated on the following criteria with points assigned on this rating scale: 0 = Does not meet the criteria at all or attempt to – Unacceptable. 1 = Meets some criteria but unacceptable - Very poor. 2 = Meets the criteria minimally – Poor. 3 = Meets the criteria but does not exceed it – Adequate. 4 = Meets criteria and substantially exceeds it – Good. 5 = Meets criteria and demonstrates highest excellence and superiority – Excellent.

A. Business Plan Technical Review Maximum 65 points – Maximum 5 points each section 1.- Innovation • The product/service demonstrates improvement satisfying a customer need • IP Audit: Type of IP tools that will be utilized in commercialization of the innovation • The business idea demonstrates improvements by introducing something

new/different from existing ones Subtotal Innovation – Maximum points = 15

2.- Market Feasibility • Demonstrates the market for the company's product/service • Understands the market and identify the customers • States that it product/service will be competitive to achieve a leadership position in its market Subtotal Market Feasibility – Maximum points = 15

3.- Management Feasibility • Integrates the resources with its development strategies • Clearly defines the organizational structure • Combines technology with the production process Subtotal Management Feasibility – Maximum points = 15

4.- Financial Feasibility • States its funding strategy • Justifies the return of investment • Analyzes its financial forecast Subtotal Financial Feasibility – Maximum points = 15

5.- Overall Business Presentation • Overall Business Presentation Subtotal Financial Feasibility – Maximum points = 55

B Promotional tools and Prototype Maximum 35 points – Maximum 5 points each section Description 1. Graphical presentation OR video OR Images slideshow • How effectively does the promotional tool sell the product / service

• How well does the promotional tool present an image of quality for the business Subtotal– Promotion Maximum points = 10

2. Facebook group/page or blog • How effectively does the web platform provide information about the product/service • How creatively does the web platform present the information Subtotal Web Presence – Maximum points = 10

3. Prototype • The prototype demonstrates the product/services features/characteristics. • How well does the Team present a credible and / or functioning prototype • How well does the prototype demonstrate innovative design / functionality Subtotal Prototype - Maximum points = 15

Phase 2: Finals Judging Criteria and Scoring

Objective

Scoring weights

1.- Project Plan

Feasibility/ Overall Quality

15%

2.- Presentation

Professionalism / Teamwork

20%

3.- Promotional Tools: Graphical presentation OR video

Originality / Creativity

15%

4.- Prototype

Attractive / Attentiongetting

25%

5.- Facebook page/group Or Blog or website

Functional / Realistic

15%

6.- Elevator Pitch

Compelling / "Short and Sweet"

10%

Element

Team Presentation

Total Percent

100%

Evaluation Scale: 1-5: Project Plans will be evaluated on the following criteria with points assigned on this rating scale:

0 = Does not meet the criteria at all or attempt to – Unacceptable. 1 = Meets some criteria but unacceptable - Very poor. 2 = Meets the criteria minimally – Poor. 3 = Meets the criteria but does not exceed it – Adequate. 4 = Meets criteria and substantially exceeds it – Good. 5 = Meets criteria and demonstrates highest excellence and superiority – Excellent.

A. Project Plan Final Presentation (Maximum 65 points) 1.- Business Plan– Maximum points = 15, i.e. 5 points each How feasible is the business idea in real market conditions How well does the overall business plan present the idea and its elements Overall Business Plan evaluation

2.- Presentation– Maximum points = 20, i.e. 5 points each How effectively and compellingly does the team present the project

How well does the presentation demonstrate personal teamwork and cooperation How clear is the verbal presentation of the business idea and activities How well does the team show preparation to present to the Committee

3.- Promotional Tools – Maximum points = 15, i.e. 5 points each How effective does the promotional video sell the product / service How well does the promotional video present an image of quality for the business How effectively does the tool provide information about the product/service

4.- Prototype– Maximum points = 25, i.e. 5 points each The prototype demonstrates the product/services features/characteristics. How well does the Team present a credible and / or functioning prototype How well does the prototype demonstrate innovative design / functionality How economically feasible is to build the prototype Overall Prototype evaluation

5.- Elevator Speech– Maximum points = 10 points total How well does the Elevator Speech summarizes the business idea Comments: The judges as well can include a brief description of their observations and analysis.