Scoring
Competition Scoring
There are only two criteria for judging in the competition. A team has to garner a total score above 8.0 to be declared a winner. If no team gets a point above this value, no winner will be declared. If more than one team gets a score above this value, the highest one will be declared the winner.
Criterion 1: Technological Innovation
Refers to the design of the product and its implication on usability and productivity. Attention will also be paid to how it makes use of existing technologies to create a new and better way to do things.
- 0.0 ~ 1.0: Product or technology is taken straight "off the shelf" or has close similarities to existing products or technologies in the market.
- 2.0 ~ 3.0: Product or technology contains a moderate degree of new knowledge and complexity and is reasonably different from existing technology in the target market. This may include off-the-shelf technology that is transferred and adapted to a new, underserved market.
- 4.0 ~ 5.0: Product or technology is totally new and has few similarities to anything existing in any market, contains mostly new knowledge, development or design, and may be worthy of international attention or publishing in reputable academic or industry journals.
Criterion 2: Business Model Innovation
Refers to
the methods used to create business value. The innovation can be in any
one (or all) of the following: infrastructure, offering, customer
acquisition, or financial. See
http://en.wikipedia.org/wiki/Business_model for more info.
- 0.0 ~ 1.0: Business model is copied exactly or only slightly modified from an existing business model used by similar products for the target market.
Example: Typical ads-supported model.
- 2.0 ~ 3.0: Business model is an improved version of an existing model used by similar products for the target market, or it is copied exactly from an existing model in another market and adapted to a new market.
- 4.0 ~ 5.0: Business model is totally new or radically re-engineered for the product to be delivered to the target market.