SUW Sunday awards
This post originally appeared on blog.up.co
Startup weekend is all about the experience: share ideas, form team, build product and develop your own Business concept - in just 54 hours. To make this journey even more thrilling, 3 Prizes will be awarded to 3 teams on Sunday by a Jury of recognized entrepreneurs.
- Overall winner
- Best prototype
- Best pitches
I am often asked how the team projects are evaluated by the Jury. Teams are judged according to the following 3 criteria which are equally weighed:
Business Model & customer validation:
Can this idea make money? Is there positive customer growth or revenue? Is there a customer acquisition / rollout strategy? Has a revenue model been defined and is it realistic? Is the idea/team ready for capital and execution? Would you invest in this company at this point?
Did the team identify customers (demographic, location etc)? Did the team get out and talk to customers? What is the value proposition to customers? What channels of communication are used? Product/Market fit?
Technical – Execution
Is there a functional product (e.g.in the case of an app, did they build one)? Were architecture diagrams and API signatures included? Which services did they integrate with? How much of the product is running on a real server with non-sample data?
Design – Execution
Does it have a professional look and feel? Does it deliver a compelling and captivating user experience? Is it memorable? What key insights were gathered over the weekend to go in this creative direction?
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