judging criteria
During the first phase of the competition, judges will rely on the following criteria to evaluate submitted business ideas. Judging criteria regarding the business plan presentations will be shared in detail during the business plan workshop.
Businesss Idea Contest – Judging Criteria
The following judging criteria may give you an idea about what the judges look for in a promising business idea and an impressive presentation, yet they should not limit you or your imagination because be believe that each and every business idea is unique in its own context. Contrary to popular belief, a business idea addressing a niche market may in fact ensure a higher financial return. Moreover, your business idea may not be as promising as competitors’ ideas in terms of financial return or profitability, yet you might charm the judges with your dedication and motivation and become a finalist! A successful business idea presentation will be a perfect blend of all these criteria, therefore we look forward to all of your dreams and ideas.
1. Technical feasibility and implementation plan
2. Uniqueness of proposed business idea
3. Market potential and competitive advantage
4. Financial return potential and profitability
5. Oral and written presentation (to be partially evaluated during business idea presentations)
6. Dedication and motivation (to be evaluated during business idea presentations)
