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    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