Evaluation Criteria

SEMIFINALS

1. Semifinals Evaluation 

 

Element

Objective

Scoring Weight

A

Business Plan

 

85%

1.

Innovation

Creativity and Originality

20%

2.

Market Feasibility

Scalability and Industry connection

20%

3.

Management Feasibility

Human and Technical Resources

15%

4.

Financial Feasibility

Profitability and Financial Strategy

20%

5.

Overall Business Plan Presentation

Technical and Structured Presentation

10%

 

 

 

 

B

Website or online presence

 

15%

 

Total Percent

 

100%


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

1.

Innovation 

 

 

• The project presents a creative, affordable, feasible solution to one of the two Priorities of this year’s competition.

10%

 

• The project should bring an innovative solution (though it can be an adaptation or improvement of an existing solution.

10%

 

Subtotal Innovation – Maximum points

20

 

 

 

2.

Market Feasibility

 

 

• Addresses specific needs. 

10%

 

• Demonstrates the feasibility of implementing the project in developing countries and with limited resources. 

10%

 

Subtotal Market Feasibility – Maximum points

20

 

 

 

3.

Management Feasibility

 

 

• Provides an implementation plan for developing countries

5%

 

• Demonstrates an investment opportunity for the industry to support the development of the solution, project, or idea. 

5%

 

• Demonstrates opportunities to replicate the project in other countries or regions.

5%

 

Subtotal Management Feasibility – Maximum points 

15

 

 

 

4.

Financial Feasibility

 

 

• Demonstrates efficiency in its financial structure and forecast.

 10%

 

• Demonstrates an investment opportunity for the industry to support the development of the solution, project, or idea. 

 10%

 

Subtotal Financial Feasibility – Maximum points 

 20

5

Overall Business Presentation

 

 

• Present all requirements in a clear and complete form. 

5%

 

• Visual materials to present the project (video, photos, graphs, website, etc.) 

 5%

 

Subtotal Business Presentation– Maximum points

10


B. Website or online presence

1. Website

 

• How efficient and creative is the website to inform about the product/service and achieve the reach for the target audience? 

15%

Subtotal Website – Maximum points 

15

 

FINALS

 2. Finals Evaluation

 

Element

Description

Scoring weights

A.

Business Project/Plan Presentation

 

75%

1.

Business Project/Plan

Feasibility/ Overall Quality

25%

2.

Presentation

Professionalism / Teamwork

20%

3.

Promotional Video

Originality / Creativity

10%

4.

Prototype

Functional / Realistic

15%

5.

Elevator Speech

Compelling / "Short and Sweet"

5%

 

 

 

 

B.

Financial and Investment Feasibility

Growth potential

25%

1.

Funding strategy

 

10%

2.

Justifies the Return of Investment

 

5%

3.

Cost/Structure Finances and Investment Forecast

 

10%

 

Total Percent

 

100%


Evaluation Scale: 1-5: 
Business 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 Final Presentation (Maximum 70 points)

1.

Business Plan– Maximum points = 25, 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?

 

 

  • How well respond to the challenge?

 

 

  • How clear is the scalability strategy?

 

 

  • How well is the risk management/mitigation explained?

 

 

 

 

 

 

 

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 attractive is the visual presentation when displaying graphic elements to expose the business ideas and activities?

 

 

 

 

3.

Promotional Video – Maximum points = 10, 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

 

 

 

 

4.

Prototype– Maximum points = 15, 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

 

 

 

 

5.

Elevator Speech– Maximum points = 5 points total

 

 

  • How well does the Elevator Speech summarize the business idea

 

 

B. Financial and Investment Feasibility (Maximum 25 points)

 

  • Demonstrates efficiency in its financial structure and forecast

10 points

  • Demonstrates an investment opportunity for the industry to support the development of the solution, project, or idea 

10 points

  • Explain the Return of Investment opportunity

5 points

 

Comments:

The judges can include a brief description of their observations and analysis.