THE IDEA FRAME WORK

THE IDEA FRAMEWORK

Guidelines to Complete:

  • Individual or team of founders and Co-founders, please provide details as required in the idea submission format
  •  Ideas need to be submitted in a specific format only
  •  Idea submission must cover the following:
  1. The idea and the need: Describe the concept in terms of an unfulfilled need or existing gap in the current market scenario and how the product/service/technology will overcome that.
  2. What is unique about innovation? How does it demonstrate a substantial difference from other initiatives in the field?
  3. Market Analysis: Analyse the market potential of the product/service in terms of size and competition/technology, customers, who are competing.
  4. Feasibility of the Idea: Financial feasibility and viability. Identify risks involved in realizing the idea and implementing it as a business.
  5. Value Proposition: Elaborate on the value for the customers and how the idea differentiates itself from the rest of the competition.
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