Innovation (30%)
1. Innovative Approach: Does the project propose a truly innovative approach or solution to a problem?
2. Unique Value Proposition: What unique value does the project offer? How does it differentiate itself from other projects?
3. Potential for Disruption: How likely is the project to disrupt existing markets or create new ones?
4. Scalability: How scalable is the project? Can it be replicated or expanded to reach a wider audience?

Revenue Generation (Profitability) (25%)
1. Revenue Streams: Are there clear and sustainable revenue streams to support the project’s profitability?
2. Financial Projections: Are the financial projections realistic and achievable?
3. Return on Investment (ROI): What is the expected ROI for the project?
4. Break-Even Analysis: When is the project expected to break even?

Strategic Alignment (15%)
1. Mission Alignment: How well does the project align with our organization’s mission and values?
2. Strategic Objectives: Does the project support our strategic objectives and goals?

Project Impact (15%)
1. Potential for Growth: What is the potential for growth and expansion of the project?
2. Job Creation and Economic Benefits: What are the potential job creation and economic benefits of the project?

Team and Management (10%)
1. Team Experience: What is the experience and expertise of the project team?
2. Team Commitment: How committed is the team to the project’s success?
3. Management Structure: Is the management structure clear and effective?

Financial Sustainability (5%)
1. Financial Viability: Is the project financially viable? Are the financial projections realistic?
2. Risk Management: How will the project manage risks and challenges?

Evaluation Process
1. Initial Screening: Applications will be screened for eligibility and completeness.
2. Technical Review: Eligible applications will be reviewed by a technical panel to assess the project’s innovation, revenue generation, strategic alignment, project impact, team, and financial sustainability.
3. Final Evaluation: The top-ranked applications will be evaluated by a final evaluation committee to select the funded projects.

Evaluation Committee
The evaluation committee will consist of experts with diverse backgrounds and expertise, including:

1. Industry Experts: Experts with experience in the relevant industry or sector.
2. Technical Experts: Experts with technical expertise in areas relevant to the project.
3. Financial Experts: Experts with experience in finance and investment.

Conflict of Interest Policy
To ensure the integrity of the evaluation process, we have a conflict of interest policy in place. Evaluators must declare any potential conflicts of interest and recuse themselves from evaluating applications where a conflict exists.