XIV.

- Judging Criteria and Scoring

Scoring
Element Objective
Weight

A.- Project Plan Technical

65%
Review

1. Innovation Creativity and Originality 15%

2.- Market Feasibility Response to Clear Market Needs 15%

3.- Management Feasibility Human and Technical Resources 15%

4.- Financial Feasibility Start up and Sustainability 15%

5.- Overall Business Plan Technical / Presentation

5%
Presentation Professionalism

B.- Promotion tools and

35%
Prototype

1.- Graphical presentation OR

10%
video

2.- Facebook group/page or

10%
Blog

3.- Prototype 15%

 Total Percent 100%

Evaluation Scale: 1-5

Project Plans will be evaluated on the following criteria with points assigned on this
rating scale:

0 = Does not meet the criteria at all or attempt to – Unacceptable.

1 = Meets some criteria but unacceptable - Very poor.

2 = Meets the criteria minimally – Poor.

3 = Meets the criteria but does not exceed it – Adequate.

4 = Meets criteria and substantially exceeds it – Good.

5 = Meets criteria and demonstrates highest excellence and superiority –

Excellent.

A. Business Plan Technical Review

Maximum 65 points – Maximum 5 points each section

1.- Innovation

• The product/service demonstrates improvement satisfying a customer need

• IP Audit: Type of IP tools that will be utilized in commercialization of the innovation

• The business idea demonstrates improvements by introducing something

new/different from existing ones

Subtotal Innovation – Maximum points = 15

2.- Market Feasibility

• Demonstrates the market for the company's product/service

• Understands the market and identify the customers

• States that it product/service will be competitive to achieve a leadership position in

its market

Subtotal Market Feasibility – Maximum points = 15

3.- Management Feasibility

• Integrates the resources with its development strategies

• Clearly defines the organizational structure

• Combines technology with the production process

Subtotal Management Feasibility – Maximum points = 15

4.- Financial Feasibility

• States its funding strategy

• Justifies the return of investment

• Analyzes its financial forecast

Subtotal Financial Feasibility – Maximum points = 15

5.- Overall Business Presentation

• Overall Business Presentation

Subtotal Financial Feasibility – Maximum points = 55

B Promotional tools and Prototype

Maximum 35 points – Maximum 5 points each section

Description

1. Graphical presentation OR video OR Images slideshow

• How effectively does the promotional tool sell the product / service
• How well does the promotional tool present an image of quality for the business

Subtotal– Promotion Maximum points = 10

2. Facebook group/page or blog

• How effectively does the web platform provide information about the product/service

• How creatively does the web platform present the information

Subtotal Web Presence – Maximum points = 10

3. Prototype

• The prototype demonstrates the product/services features/characteristics.

• How well does the Team present a credible and / or functioning prototype

• How well does the prototype demonstrate innovative design / functionality

Subtotal Prototype - Maximum points = 15

Phase 2: Finals Judging Criteria and Scoring

Scoring
Element Objective
weights

Team Presentation

Feasibility/ Overall
1.- Project Plan 15%
Quality

Professionalism /
2.- Presentation 20%
Teamwork

3.- Promotional Tools: Graphical

Originality / Creativity 15%
presentation OR video

Attractive / Attention-
4.- Prototype 25%
getting

5.- Facebook page/group Or Blog or

Functional / Realistic 15%
website

Compelling / "Short and

6.- Elevator Pitch 10%
Sweet"

Total Percent 100%

Evaluation Scale: 1-5:

Project Plans will be evaluated on the following criteria with points assigned on this
rating scale:
0 = Does not meet the criteria at all or attempt to – Unacceptable.

1 = Meets some criteria but unacceptable - Very poor.

2 = Meets the criteria minimally – Poor.

3 = Meets the criteria but does not exceed it – Adequate.

4 = Meets criteria and substantially exceeds it – Good.

5 = Meets criteria and demonstrates highest excellence and superiority –

Excellent.

A. Project Plan Final Presentation (Maximum 65 points)

1.- Business Plan– Maximum points = 15, i.e. 5 points each

How feasible is the business idea in real market conditions

How well does the overall business plan present the idea and its elements

Overall Business Plan evaluation

2.- Presentation– Maximum points = 20, i.e. 5 points each

How effectively and compellingly does the team present the project
How well does the presentation demonstrate personal teamwork and cooperation

How clear is the verbal presentation of the business idea and activities

How well does the team show preparation to present to the Committee

3.- Promotional Tools – Maximum points = 15, i.e. 5 points each

How effective does the promotional video sell the product / service

How well does the promotional video present an image of quality for the business

How effectively does the tool provide information about the product/service

4.- Prototype– Maximum points = 25, i.e. 5 points each

The prototype demonstrates the product/services features/characteristics.

How well does the Team present a credible and / or functioning prototype

How well does the prototype demonstrate innovative design / functionality

How economically feasible is to build the prototype

Overall Prototype evaluation

5.- Elevator Speech– Maximum points = 10 points total

How well does the Elevator Speech summarizes the business idea

Comments:

The judges as well can include a brief description of their observations and
analysis.