Evaluation Criteria

Judging Criteria and Scoring for Eco-Challenge 

 

I. Semi-Finals Evaluation

 

Element

Objective

Scoring Weight

A) Business Plan

 Technical Review

85%

Innovation

Originality & Viability

20%

Market Feasibility

Scalability and Industry connection

20%

Management Feasibility

Human and Technical Resources

15%

Financial Feasibility

Profitability and Financial Strategy

20%

 Overall Project Plan Presentation

 Technical and Structured Presentation 10%
     

B) Website or online presence

  15% 

Total Percent

   100%

 

I.I Evaluation Scale:

Business Plans will be evaluated on the following criteria with points assigned from 0 to 5 following 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.

 

I.II. Business Plan Technical Review

Scoring Elements

1. Innovation - Maximum Points = 20

• The project presents a creative, affordable, feasible solution to one of the four challenges of this year’s competition

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

 

2. Market Feasibility - Maximum Points = 20

• Addresses specific needs

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

 

3. Management Feasibility - Maximum Points = 15

• Provides an implementation plan for developing countries

• Demonstrates how the community can take ownership of the project and maintain it in a sustainable way

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

 

4. Financial and Investment Feasibility - Maximum Points = 20

• 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

 

5. Overall Business Project Presentation Maximum Points = 10

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

• Presents all requirements in a clear and complete form

 

6. Website or online presence - Maximum Points = 15

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

 

 

Evaluation for the Finals

 

 

Element

Objective

Scoring weights

A.

Business Project Presentation

 

75%

1.

Business Project

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

 

25%

 

1. 

Funding Strategy

   10%
2. 

Justifies the Return of Investment

 Growth potential  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 Project Final Presentation (Maximum 75 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? 

 

 

 

 

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 idea 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
    • Explains well the Return of Investment opportunity - 5 points
 

 

Comments:

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


Judges will evaluate Competition Materials based on scoring elements (“Scoring Elements”) that identify critical components of a successful business model. Each Scoring Element has individual criteria (“Scoring Criteria”). Judges will assign points to each Scoring Criteria according to the following 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.

 

 

Semi-Finals Evaluation Criteria

Judges will evaluate Competition Materials during the Semi-Finals according to the following Scoring Elements and Scoring Criteria.

 

Scoring Element

Scoring Criteria

Weight

A) Business Plan

75%

Innovation and Category Relevance

  • The business plan presents a creative, realistic, measurable solution or novelty in which it centers its concept proposal.
  • The business plan clearly presents how the solution (or adaptation of an existing solution) is different and improves current results or conditions.
  • The business plan addresses the overarching challenge of InnovAction: recovery from COVID-19.
  • The business plan demonstrates a response or direct connection to one of the four categories of InnovAction.

20%

Market feasibility

  • Presents a clear preliminary analysis of the community or market where the business plan will operate.
  • The market study addresses specific needs, a market opportunity or demand.
  • The business plan clearly indicates how its benefits/features will be delivered and/or expanded according to demand / opportunity / needs.
  • Demonstrates operational, technical, economic feasibility of implementation.

20%

Management Feasibility

  • Provides appropriate organizational structure: mision, vision, objectives, team or organizational chart with clear roles and diversity among Team Members, Mentors, and volunteers.
  • Demonstrates organizational capabilities or assets: physical spaces or equipment from where to operate, products or services, patents (if applicable), prototype (if applicable).
  • Demonstrates an opportunity for engagement via on-line tools: website, app, virtual community, blog or group, virtual marketing channel, social media accounts, newsletters, among others.

15%

Financial Feasibility

  • Clearly states how much capital/investment is needed to launch / operate annually and the sources of capital.
  • Presents a solid, clear operational budget.
  • Demonstrates efficiency in its financial structure and forecast.
  • Demonstrates a social investment opportunity to support the development of the solution, project, business proposal or idea.

20%

 B) Community Engagement

15%

 

  • Demonstrates a clear strategy to work with community organizations and social groups in the development of the business or initiative.
  • Incorporates plans and a vision for improving the lives of community members where the initiative will be implemented, or the business will operate.
  • Community members are engaged in and contributed to the development of the business concept and the sustainability strategy.

 

C) Marginalized Populations Representation

10%

 

  • Team Members are representatives of Afro-descendant, Indigenous, LGBTI, people with disabilities, migrants/refugees, and/or other marginalized communities.
  • The business plan involves and actively engages with Afro-descendant, Indigenous, LGBTI, people with disabilities, migrants/refugees, and/or other marginalized communities as a targeted population.

 

Total

 

 100%

 

Finals Evaluation Criteria

Judges will evaluate Teams and Competition Materials during the Finals according to the following Scoring Elements and Scoring Criteria.

 

Scoring Element

Scoring Criteria

Weight

A) Business Viability

60%

Business Plan

  • How well does the idea respond/address the overall challenge and the specific category?
  • How well does the overall business plan present the idea and its elements?
  • How feasible is the business solution, initiative, or idea in real market conditions?
  • How clear is the operational, technological, support network and economic feasibility of the business?
  • How does the business solution, initiative, or idea improve or transform the lives of the community where it will operate and how do they present evidence of this?

25%

Presentation

  • How effectively and compellingly does the team present the business plan?
  • How well does the presentation demonstrate personal teamwork and cooperation?
  • How clear is the verbal presentation of the business plan and activities?
  • How attractive is the visual presentation when displaying graphic elements to expose the business idea and activities?

20%

Visual Portfolio

  • How effective does the image or visual portfolio (video, photo gallery, blog, website, etc) present the product or service’s features/characteristics?
  • How well does the promotional material present an image of quality for the business and summarize the business idea?
  • How well does the image or visual portfolio demonstrate innovative design / functionality?

15%

B) Financial and Investment Strategy

20%

 

  • Clearly states capital investment and the sources of capital.
  • Explains well a Social Return of Investment opportunity.
  • Demonstrates an opportunity for the industry/ international community to support the development of the solution, initiative, or idea at a local level.
  • Demonstrates efficiency in its financial structure and forecast.

 

C) Transformation and scale

20%

 

  • Demonstrates involvement with grassroots communities, organizations and/or marginalized groups.
  • Clear scalability strategy with the potential to impact other communities or regions.
  • Clearly presents potential to achieve transformative changes in the category.
  • Increased or improved community engagement relative to Semi-Finals Round Evaluation.

 

Total

 

100%