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Submission and Evaluation Criteria
Submission requirements
Participating teams will be required to submit online
- A Project Summary (PDF or MS Word document of no more than 1,000 words)
- A video presentation (no more than 100 seconds long)
All contents must be in English.
Submissions are now closed. Shortlisted teams will be notified by mid-December 2024.
Shortlisting
- Up to 15 teams will be shortlisted based on the application materials submitted.
- Shortlisted teams will receive notification by mid-December 2024.
- Shortlisted teams will be invited for a briefing regarding the rules and requirement of the Grand Finale.
Evaluation Criteria
Teams will be judged on the unique value proposition of their proposed solution, market potential, business model, and execution for both shortlisting and the Grand Finale.
| Criteria | Description | Weightage |
|---|---|---|
| Problem-Solution | Is there a specific pain point identified? What is the unique value proposition of the solution? Is the solution innovative, in terms of technology, business model, IP, value proposition, etc.? | 20% |
| Market Potential | Would the solution (a product or service) lead to significant impact on an area of sustainability or innovation (e.g. climate change, energy efficiency, food sufficiency or healthcare)? What is the addressable market size? Could it be quantified in terms of growth and trend? | 20% |
| Business Model | If it is for-profit, what is the revenue model? Who pays? What are the distribution channels? Is the business scalable? If it is non-profit, are there clear social benefits and demonstration of how to make a positive and measurable impact on the society, people, community, and how? | 30% |
| Execution | Can the founder, key team members, and advisors operate and scale a successful business? Highlight industry knowledge, skill set, leadership, relationships, key successes and failures. Demonstrate passion and commitment to develop and implement the project in Singapore; specific indication (proposed by the team) on the measurable outcome in six months or one year, the milestones, and proposed ways to update on the project's progress. | 30% |
Selection Committee
The Prize Selection Committee comprises the Director of NTU Entrepreneurship Academy, NTU leadership representative(s), members from the industry and donor representative(s).
i. All judging decisions made by the organisers, or by such individuals as the organisers perceive as suitable for selection as a KSIP Judge/Selection Committee, are final.
ii. In applying for the competition, applicants acknowledge the finality of all outcome decisions regarding their submission, or any other submission to KSIP, and agree to accept all outcome decisions as such.
iii. Due to the number of entries received, KSIP cannot guarantee feedback on individual entries. KSIP is not obliged to provide feedback to applicants. The organisers reserve their right to withhold feedback, or decline feedback requests, at their discretion.
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