Evaluation Parameters
The ideas/prototype/final product/solution will be judged on the following parameters:
| # | Parameter | Description |
|---|---|---|
|
1 |
Approach Towards Problem Solving |
Product / Solution Idea, Degree of Innovation, Simplicity of Final Solution, Uniqueness & scalability of Idea, Novelty of Approach |
|
2 |
Business Use Case |
Business Case, USP and Vision |
|
3 |
Solution Technical Feasibility |
Product / Solution features, Scalability, Interoperability, enhancement & expansion, Underlying technology components & stack and futuristic orientation |
|
4 |
Product Roadmap |
Potential Cost to Build Product/Solution, Go to Market Strategy, Time to Market |
|
5 |
Team Ability & Culture |
Team Leader’s Effectiveness (i.e., Ability to guide, Ability to present idea), Ability to Market Product/Solution, Growth Potential of Organization |
|
6 |
Addressable Market |
Natural Sales Appeal, Affordability, ROI, Sales Distribution Channel |
|
7 |
Compliance to international standards |
Approach and plans for compliance with international standards and sustenance |