Assessment Criteria
The idea must be your idea and no one elses! The more original the better. Therefore we as sponsors will be able to protect your product/service with ease and get you on the road to starting your own business quickly.
1) Project Concept – is the proposed product/service innovative or an import substitution. Is it feasible and is there a market for it?
2) Planning and Projections – has the market been thoroughly researched and potential competitors identified? Have the capital investment and operational cash requirements been identified and estimated realistically?
3) Professionalism of Approach – have all aspects of the business been fully considered and are the necessary practical skills in place to deliver on the concept?
4) Presentation – is the submission presented clearly, in an easy-to-read format?
