Semifinals Evaluation
Element | Objective | Scoring Weight |
A.- Project Plan Technical Review |
| 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% |
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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 responds to the challenge proposed |
• Demonstrates improvement in the Business process |
• The business idea demonstrates improvements by introducing something new/different |
Subtotal Innovation – Maximum points = 15 |
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2.- Market Feasibility |
• Demonstrates the market for the company’s product/service |
• Understands the market and identifies the customers |
• States that the product/service will be competitive to achieve a leadership position in its market |
Subtotal Market Feasibility – Maximum points = 15 |
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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 |
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4.- Financial Feasibility |
• States its funding strategy |
• Justifies the return of investment |
• Analyzes its cost structure/financial and investment forecast |
Subtotal Financial Feasibility – Maximum points = 15 |
5.- Overall Business Presentation |
• Visual materials to present the project (video, photos, graphs, website, etc.) |
• Presents all requirements in a clear and complete form |
Subtotal Overall Business Presentation – Maximum points = 55 |
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B Video, Website and Prototype
Maximum 35 points – Maximum 5 points each section
Description |
1. Promotional Video |
• How effectively does the promotional video present the product / service benefits responding to the challenge proposed? |
• How well does the promotional video incorporate the corporate image of the business? |
Subtotal– Promotion Maximum points = 10 |
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2. Website or online presence |
• How effective does the website inform about the product/service? |
• How creatively does the website outreach the target audience? |
Subtotal Website or online presence = 10 |
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3. Prototype |
• The prototype demonstrates the product/services features/characteristics and responds to the challenge proposed |
• 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 |
Evaluation for the Finals
Element | Objective | Scoring weights |
Team Presentation |
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1.- Business Project | Feasibility/ Overall Quality | 25% |
2.- Presentation | Professionalism / Teamwork | 15% |
3.- Promotional video | Originality / Creativity | 10% |
4.- Prototype | Functional / Realistic | 15% |
5.- Elevator Speech | Compelling / “Short and Sweet” | 5% |
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 70 points)
1.- Business Project ‐ 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 does the idea respond to the challenge? |
How clear is the scalability strategy? |
How well is the risk management/mitigation explained? |
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2.- Presentation– Maximum points = 15, 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? |
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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 |
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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? |
Overall Prototype evaluation |
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5.- Elevator Speech – Maximum points = 5 points total |
How well does the Elevator Speech summarizes the business idea |
B. Financial and Investment Feasibility (Maximum 30 points, i.e. 10 points each)
Demonstrates efficiency in its financial structure and forecast |
Demonstrates an investment opportunity for the industry to support the development of the solution, project, or idea |
Explains well the Return of Investment opportunity |
Comments:
The judges as well can include a brief description of their observations and analysis.