Judging Criteria
The Startup Weekend judging criteria is broken up into three sections. Teams are judged according to the following 3 criteria (weighed equally):
1. Business Model
The heart of it all. If you haven’t got answers to these questions, you’ve spent too much time on frills & features and need to get back to the basics:
a. Who is your customer?
b. What is your core value proposition?
c. What are your key activities?
d. What are your revenue streams?
e. What is your cost structure?
f. Who/what are your key partners/resources?
g. What are your distribution channels?
h. What is your roll-out strategy?
2. Customer Validation
Have you taken the proper steps to ensure that the people who matter (your future customers) support and reinforce your assumptions? Think of Customer Validation as ‘evidence’ to back up the core structure of your ‘theory’ (your Business Model). The more feedback you gather (quantity), the more this feedback comes from your specific target market (quality), and the more you’re able to actually integrate this feedback into the Business Model and product development (execution), the better.
3. Execution
The nitty gritty: what has your team been able to actually build over the weekend? Even the strongest of Business Plans are useless in the hands of those who can’t properly execute on them. Getting as far as possible in the development of your product/prototype not only helps give Judges a tangible vision of what the final product could be, but proves your strength and skills as a team. This is what truly matters: investors don’t invest as in ideas so much as teams.
Looking Forward … Sunday Presentations
1. Presentation Format (Suggested) – All in 5 minutes!
- Blurb about the Team Members (Name, Short Bio, a photo of each Individual)
- Problem Your Team is Trying to Solve / Value Your Team is Bringing (Your X Factor, Your Passion, Your Secret Sauce, How different you are to the current solution (if any))
- Your Solution to the Problem
- Demo your Minimum Viable Product (MVP) – e.g. mock ups, wire frames, product Demo, screen captures of your prototype
- Business Model (How will you make money $$$? Viability to market?)
- Who are your Customers? (Your target market / Validated customer group – survey results???, customer endorsement???)
2. Practice Your Pitch
Decide who in your team will present. If you are having more than 1, make sure you organize yourselves well in transitioning between members. (It’s not easy in the short space of time!) Remember you only have 5 minutes! Mic swapping is not easy!
Practice, Practice and Practice! Yes time is tight but allocate time to practice running through the presentation.
3. Tech Check
Make time to test the laptop that you are presenting in with the projector. Similarly make sure your MVP will run!
4. Time Limit:
5 minutes of presentation (We are strict, nothing more than 5 minutes, including MVP Demo)
5 minutes of Q&A from Judge Panel
5. Bring out the Awesomeness of the Team!!!
Startup Weekend Banja Luka in the national news
http://www.rtrs.tv/av/player.php?id=15470&x=1
(at 03:46 minutes into the video!)
Lokacija!!!
Startup Weekend Banja Luka će se održati u prostorijama Inovacionog centra Banja Luka koji se nalazi u ulici Jovana Dučića 23a (krug bivše fabrike Čajavec, zgrada NIC-a, treći sprat).
Ocjena poslovnih ideja!!!
Zadnji dan Startup Weekend-a timovi će imati priliku prezentovati svoje poslovne ideje pred Komisijom koja će, koristeći Startup Weekend kriterijume, odabrati najbolju poslovnu ideju.
Startup Weekend kriterijumi ocjenjivanja su podijeljeni na tri dijela.
Timovi se ocjenjuju na osnovu sledeća 3 kriterijuma( jednako važna):
1. Biznis model – Suština svega. Ukoliko niste odgovorili na ova pitanja i proveli ste previše vremena na suvišne detalje i mogućnosti, morate se vratiti na osnovno:
a) Ko su vam kupci?
b) Koja je suštinska vrijednost prijedloga?
c) Koje su vam ključne aktivnosti?
d) Kolikom prihodu težite?
e) Koja vam je struktura troškova?
f) Ko/Šta su vam ključni partneri/resursi?
g) Koji su vam kanali distribucije?
h) Koja vam je strategija?
2. Validacija kupaca – Da li ste preduzeli odgovarajuće korake kako bi osigurali da ljudi koji su bitni (vaši budući kupci)podrže i podstiču vaše pretpostavke? Mislite o „validaciji kupaca“ kao o dokazu koji će podržati strukturu vaše „teorije“(vašeg biznis modela). Što više povratnih informacija sakupite (količinski), to su više te informacije iz vašeg ciljanog tržišta (kvalitativno)i vi ste više u mogućnosti da te informacije uključite u vaš biznis model i razvoj proizvoda(izvršenje).
3. Izvršenje – Šta je u stvari vaš tim uspio da napravi tokom vikenda? Čak i najbolji biznis planovi su beskorisni u rukama onih koji ih ne znaju izvršiti. Što bolje napredovanje u razvoju vašeg proizvoda/prototipa ne samo da daje sudijama opipljivu viziju kakav bi konačan proizvod mogao biti, već dokazuje vaše snage i sposobnosti kao tima. To je ono što je veoma bitno: investitori ne ulažu toliko u ideju koliko u sam tim.
