Copyright © Entrepreneurship Foundation 

Copyright © Entrepreneurship Foundation 

​​​​Entrepreneurship Foundation

Copyright © Entrepreneurship Foundation 

JUDGING CRITERIA – SUBJECT TO CHANGE
 
Semi-final (Online) Questions                                           

  1. Product or Service brief description (8 words or less)            
  2. Optional: Upload image of product (as .jpg .png or .tif)         
  3. Development Stage of Product or Service
  4. VALUE PROPOSITION: Problem and your solution, including how it's a) better, b) cheaper to produce or deliver, c) targets an underserved Market Niche, or d) customer service is superior         
  5. CUSTOMER VALIDATION. Research results that show enough people will buy your product to earn a profit       
  6. CHANNELS of MARKETING and DISTRIBUTION. How will users become aware of the product or service? Describe payment and delivery process.         
  7. REVENUE STREAMS and COST STRUCTURE (How much you charge, who pays, and what it costs to produce including delivery and customer service)        
  8. SIZE of TARGET MARKET in Dollars and Number of Prospective Customers. Give evidence to support claims       
  9. COMPETITION. Names of important competitors and their strengths and weaknesses             
  10. COMPETITIVE ADVANTAGE (something not easily copied or acquired) or "Barrier to Entry" to keep others out (e.g. - patent, secret sauce, exclusive contract)                   
  11. MANAGEMENT TEAM and Relevant Experiences                  
  12. Business Location (City and State)                
  13. College, Grade, Adviser, Adviser email

 
Final (Oral Presentation) Criteria for Judges

1.  Problem:  Strong customer pain or desire?
2.  Solution:  Technically feasible?  Scalable?  Are there barriers to entry?  
        Compelling value proposition (superior, cheaper, or serves a new market niche)? 
3.  Market:   Adequate size and sales plan to meet goals?  Demand VALIDATED?
        Competition manageable?  Clear how customers will be made aware of product?
4.  Finance:  Can you tell how the company will make money?  Safe margins?
        Realistic sales price?  Capital needs and use clear?  Realistic for stage?
5.  Management Team:  Knowledgeable?  Communicated clearly and convincingly?
       Are you confident team can and WILL meet goals?

The purpose of this evaluation is to provide feedback to presenters; not to determine competition rankings.