XIV.- Judging Criteria and Scoring

Phase 1: Semifinals

 

Element

Objective

Scoring Weight

A

Project Plan Technical Review

 

65%

 

Innovation

Creativity and Originality

15%

 

Market Feasibility

Response to Clear Market Needs

15%

 

Management Feasibility

Human and Technical Resources

15%

 

Financial Feasibility

Start up and Sustainability

15%

 

Overall Business Plan Presentation

Technical / Presentation Professionalism

5%

B

Promotion tools and Prototype

 

35%

 

Graphical presentation OR video

 

10%

 

Facebook group/page or Blog

 

10%

 

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 

 

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

 

 

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

 

 

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

 

 

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

Score

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

 

Element

Objective

Scoring weights

 

Team Presentation

 

 

 

Project Plan

Feasibility/ Overall Quality

15%

 

Presentation

Professionalism / Teamwork

20%

 

Promotional Tools: Graphical presentation OR video

Originality / Creativity

15%

 

Prototype

Attractive / Attention-getting

25%

 

Facebook page/group Or Blog or website

Functional / Realistic

15%

 

Elevator Pitch

Compelling / "Short and Sweet"

10%

 

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)

 

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.

 

 

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 

 

 

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

 

 

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

 

 

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.