{"id":371,"date":"2023-02-16T06:36:44","date_gmt":"2023-02-16T06:36:44","guid":{"rendered":"https:\/\/ticamericas.net\/innova\/?page_id=371"},"modified":"2023-02-16T06:37:29","modified_gmt":"2023-02-16T06:37:29","slug":"evaluation-criteria","status":"publish","type":"page","link":"https:\/\/ticamericas.net\/innova\/2020-21\/en\/rules\/evaluation-criteria\/","title":{"rendered":"Evaluation Criteria"},"content":{"rendered":"\t\t
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Evaluation Criteria\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Judges will evaluate Competition Materials based on scoring elements (\u201cScoring Elements\u201d) that identify critical components of a successful business model. Each Scoring Element has individual criteria (\u201cScoring Criteria\u201d). Judges will assign points to each Scoring Criteria according to the following scale:<\/p>

\u00a0<\/p>

0<\/p><\/td>

= Does not meet the criteria at all or attempt to \u2013 Unacceptable.<\/p><\/td><\/tr>

1<\/p><\/td>

= Meets some criteria but unacceptable – Very poor.<\/p><\/td><\/tr>

2<\/p><\/td>

= Meets the criteria minimally \u2013 Poor.<\/p><\/td><\/tr>

3<\/p><\/td>

= Meets the criteria but does not exceed it \u2013 Adequate.<\/p><\/td><\/tr>

4<\/p><\/td>

= Meets criteria and substantially exceeds it \u2013 Good.<\/p><\/td><\/tr>

5<\/p><\/td>

= Meets criteria and demonstrates highest excellence and superiority \u2013 Excellent.<\/p><\/td><\/tr><\/tbody><\/table>

\u00a0<\/p>

\u00a0<\/p>

Semi-Finals Evaluation Criteria<\/strong><\/p>

Judges will evaluate Competition Materials during the Semi-Finals according to the following Scoring Elements and Scoring Criteria.<\/p>

\u00a0<\/p>

Scoring Element<\/strong><\/p><\/td>

Scoring Criteria<\/strong><\/p><\/td>

Weight<\/strong><\/p><\/td><\/tr>

A) Business Plan<\/strong><\/p><\/td>

75%<\/strong><\/p><\/td><\/tr>

Innovation and Category Relevance<\/p><\/td>

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

20%<\/p><\/td><\/tr>

Market feasibility<\/p><\/td>

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

20%<\/p><\/td><\/tr>

Management Feasibility<\/p><\/td>

  • Provides appropriate organizational structure: mision, vision, objectives, team or organizational chart with clear roles and diversity among Team Members, Mentors, and volunteers.<\/li>
  • Demonstrates organizational capabilities or assets: physical spaces or equipment from where to operate, products or services, patents (if applicable), prototype (if applicable).<\/li>
  • 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.<\/li><\/ul><\/td>

15%<\/p><\/td><\/tr>

Financial Feasibility<\/p><\/td>

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

20%<\/p><\/td><\/tr>

\u00a0B) Community Engagement<\/strong><\/p><\/td>

15%<\/strong><\/p><\/td><\/tr>

\u00a0<\/strong><\/p><\/td>

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

\u00a0<\/strong><\/p><\/td><\/tr>

C) Marginalized Populations Representation<\/strong><\/p><\/td>

10%<\/strong><\/p><\/td><\/tr>

\u00a0<\/strong><\/p><\/td>

  • Team Members are representatives of Afro-descendant, Indigenous, LGBTI, people with disabilities, migrants\/refugees, and\/or other marginalized communities.<\/li>
  • 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.<\/li><\/ul><\/td>

\u00a0<\/strong><\/p><\/td><\/tr>

Total<\/strong><\/p><\/td>

\u00a0<\/strong><\/p><\/td>

\u00a0100%<\/strong><\/p><\/td><\/tr><\/tbody><\/table>

\u00a0<\/h3>

Finals Evaluation Criteria<\/strong><\/p>

Judges will evaluate Teams and Competition Materials during the Finals according to the following Scoring Elements and Scoring Criteria.<\/p>

\u00a0<\/p>

Scoring Element<\/strong><\/p><\/td>

Scoring Criteria<\/strong><\/p><\/td>

Weight<\/strong><\/p><\/td><\/tr>

A) Business Viability<\/strong><\/p><\/td>

60%<\/strong><\/p><\/td><\/tr>

Business Plan<\/p><\/td>

  • How well does the idea respond\/address the overall challenge and the specific category?<\/li>
  • How well does the overall business plan present the idea and its elements?<\/li>
  • How feasible is the business solution, initiative, or idea in real market conditions?<\/li>
  • How clear is the operational, technological, support network and economic feasibility of the business?<\/li>
  • 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?<\/li><\/ul><\/td>

25%<\/p><\/td><\/tr>

Presentation<\/p><\/td>

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

20%<\/p><\/td><\/tr>

Visual Portfolio<\/p><\/td>

  • How effective does the image or visual portfolio (video, photo gallery, blog, website, etc) present the product or service\u2019s features\/characteristics?<\/li>
  • How well does the promotional material present an image of quality for the business and summarize the business idea?<\/li>
  • How well does the image or visual portfolio demonstrate innovative design \/ functionality?<\/li><\/ul><\/td>

15%<\/p><\/td><\/tr>

B) Financial and Investment Strategy<\/strong><\/p><\/td>

20%<\/strong><\/p><\/td><\/tr>

\u00a0<\/p><\/td>

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

\u00a0<\/p><\/td><\/tr>

C) Transformation and scale<\/strong><\/p><\/td>

20%<\/strong><\/p><\/td><\/tr>

\u00a0<\/p><\/td>

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

\u00a0<\/p><\/td><\/tr>

Total<\/strong><\/p><\/td>

\u00a0<\/strong><\/p><\/td>

100%<\/strong><\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Evaluation Criteria Judges will evaluate Competition Materials based on scoring elements (\u201cScoring Elements\u201d) that identify critical components of a successful business model. Each Scoring Element has individual criteria (\u201cScoring Criteria\u201d). Judges will assign points to each Scoring Criteria according to the following scale: \u00a0 0 = Does not meet the criteria at all or attempt […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":324,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-371","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/pages\/371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/comments?post=371"}],"version-history":[{"count":4,"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/pages\/371\/revisions"}],"predecessor-version":[{"id":376,"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/pages\/371\/revisions\/376"}],"up":[{"embeddable":true,"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/pages\/324"}],"wp:attachment":[{"href":"https:\/\/ticamericas.net\/innova\/wp-json\/wp\/v2\/media?parent=371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}