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Evaluation Criteria

Programme Details

US$220,000 in prizes to be won + US$45,000 Cascador Prize for Impact + a five-week all-expenses-paid training programme.

Evaluation Criteria

Entries will be judged by a committee of five (5), which will include industry experts and an NSIA representative. The submission and review process will be audited by an independent auditor. The evaluation will be done based on the following criteria.

The Novelty of Approach

  • What is unique, unprecedented, or progressive about your innovation?

    • Impact

  • How does this innovation solve real world challenges - not just for Nigerians, but communities across the world, and what sectors are covered by the solution? (Qualities may include: revenue enhancement, cost reduction, time to payback, operational enhancement, membership and growth retention, digital engagement, and security enhancements. Metrics are advantageous).

    • Product Design

  • Engineering, functionality, aesthetics, and general design.

    • Scalability

  • Prospects of growth, expansion, and product-market fit, ability to attract capital, ability to attract talent, ability to create/attract market share.

    • Proposed Methodology, Approach, and Implementation Plan

    • Proposes an innovative approach.
    • Understands the problem being addressed.
    • Proposes a solution that is cutting edge.
    • Will advance new solutions to the selected sector.

    Sustainability, Environmental Impact And Risk Plan

    • Sustainability Plan: Ability to show startup continuity beyond winning the prize; Ability to show how the prize to be won will be used as seed money to grow the startup.

    • Strategy: The innovation goals/objectives are clear; Clear connection of issues to the proposed methods; Proposed implementation plan is SMART – Specific. Measurable. Achievable. Realistic Timeframe.

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