Assessment Criteria
Project Management Team and Strength (30%)
The project management team shall be judged by its track record, execution ability, relevant strengths, individual qualifications, and duty allocation.
Creativity, Innovation or Technical Feasibility (30%)
Factors such as the use of innovative technologies, creative solutions, disruptive technology capability, emerging or breakthrough problem-solving technologies, and the feasibility of the technology and solutions will be assessed.
Business Model, Time to Market and Viability (25%)
Judges shall look for effective communication and the qualities of vision, direction, short and long term objectives, revenue-generating potential, market need for the product, target market and marketing strategy, and a realistic assessment of the project viability and scalability. In addition, any product/service that has a launch date within six months of the final judging will be viewed positively.
Social or Community Impact (15%)
Preference will be given to projects that incorporate social responsibility objectives, demonstrate ethical decision making, or contribute towards solving problems that originate from the social environment.