For outstanding innovation by a company in the start-up phase of development. The company will have developed an innovative and potentially superior ICT solution and the company itself is still considered at the early stage of inception.
In order to be considered for this award, the following criteria must be met:
The company registration date with the Government’s Company registration must not be more than three (3) years from the date of the APICTA competition; First slide of the startup presentation should show documentary evidence, e.g. government business registration certificate with the date of incorporation, which authenticate its established date eligibility, if necessary accompanied by an English translation of the relevant key messages.
- The individual founder(s) of the company and/or the product developers must still be a major shareholder(s) of the company
- The company must not be a subsidiary of an established parent company
Criteria
| Judging Criteria | Weighting | Attributes and Weighing |
|---|---|---|
| Business Model & Financials | 30% | Funding (50%) Scalability of operations (50%) |
| Client Reach | 15% | Quality / type of clients (50%) Satisfaction (50%) |
| Execution –Team Composition – Implementation | 20% | Scalability of Operation (50%) Team Composition (50%) |
| Investment Viability | 10% | Quality of Customer Base (50%) Market Share / Potential (50%)) |
| Unique Selling Proposition | 25% | Market Entry Barrier/IPR (50%) Competitive Advantage & Differentiation (50%) |