The judges for the InNOLEvation Challenge’s Final/Shark Tank round will use the following criteria to evaluate your presentation. Please structure your 10 minute presentation accordingly.
Technology / Service / Innovation
1.) The team has presented a clear and concise overview of its unique capabilities and state of development.
2.) There is minimal fundamental technology or development risk left to resolve.
3.) The team has a solid Intellectual Property position as well as plans to protect it.
Product or Service
1.) The team has identified a compelling initial product or service.
2.) The team has described a robust product/service additions roadmap going forward.
1.) The team did a good job identifying its initial target market
2.) The team is targeting a large and attractive potential market
3.) The team showed credible market research data to support its market size claims
4.) The team identified large and attractive secondary markets to serve over the long term
5.) The team has articulated a strong hard-dollar customer value proposition.
1.) The team comprehensively identified potential competitors.
2.) The initial product or service has strong competitive advantages vs. existing alternatives.
3.) The team’s unique innovations will confer sustainable competitive advantages on its products or services as these evolve over time.
1.) The team has outlined a credible and thorough plan for developing its first product or service.
2.) The team has clearly identified its resource requirements and these can be reasonably obtained.
3.) The team has a plan to derive additional funding from alternative sources such as government grants, friends, bootstrapping, bank loans, etc.
1.) The team understands and has clearly articulated its business model.
2.) The team’s sales model is a good fit for its product/service and business model.
1.) The team has a strong and complete founding management team or a well described plan to build such a team.
2.) The team has attracted an impressive advisory board or has a well described plan to develop such a board.
3.) The team clearly understands what additional people and skills it needs to build a team.
1.) The team has clearly described its funding needs; these are reasonable and adequate to the task.
2.) The team has presented attractive and credible 5 year financial projections.