- 1. Innovation and creative thinking (45%)
- Is the business idea an original one?
- Does it have a creative approach?
- 2. Commercial viability and potential (45%)
- Does the business idea offer an attractive and realistic opportunity?
- Does it have growth prospects?
- Is there a market demand for the products/services?
- Are the market and financial projections realistic?
- Is the business plan relevant to growth sectors/local market?
- What are the risks involved and are they being identified and addressed?
- 3. Writing skills and presentation skills (10%)
- Is the business plan clear and well written?
- Do the team members present the business plan clearly and convincingly?
- Does the team provide clear, precise and convincing answers to judges’ questions?
Final assessment for Eco-Business Innovation Award
The Eco-Business Innovation Award will be based on the same criteria; however, there are some additional areas to be considered:
- Sustainability
- Environmental impact
- Long term growth Prospects