Innovation Proposed

The Innovation proposed is something original and more effective and, as a consequence, new, that has the potential to be a disruptive solution to a problem or set of problems/need(s) that can break into the market or society.

 

Proof of Concept

Proof of concept (POC) is a realization of a certain method or idea in order to demonstrate its feasibility, or a demonstration in principle with the aim of verifying that some concept or theory has practical potential. A proof of concept is usually brief and may or may not be complete.

 

Technical Feasibility

Technical feasibility is one of the first studies that must be conducted after a project has been identified. For a business entity a technical feasibility study includes, method of production, production technique, project requirements, project location etc.

 

Financial Feasibility

In case of a new project, Financial feasibility can be judged on the following parameters: Total estimated cost of the project, financing of the project in terms of its capital structure, debt to equity ratio and promoter’s share of total cost, projected cash flow and profitability

 

Resources Planning

Resources planning is defined as a method for the effective planning of all resources of a company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer “what-if” questions.

 

Scalability

Scalability is the capability of a system, network, or process to handle a growing amount of work, or its potential to be enlarged in order to accommodate that growth.

 

Sustainability

Sustainability is the ability to be maintained at a certain rate or level of growth.

 

Team Composition

Team composition is the respective set of skills, expertise and qualifications that the founders/management team bring to the table.

 

Social Relevance

Social relevance is the quality of being connected to positive social impact or the ability to contribute positively to society/societies.