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Recommended Guidelines |
| 1. |
The Product, Innovation, Need, Potential: |
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- Please write in one line what is it that your initiative offers
- What is the problem you’re solving?
- What is your company going to do? What’s new about what you’re doing?
- Who are your customers and how significant is the problem to them (please quantify)?
- What is the market size/opportunity? What is your vision regarding your place in the market?
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| 2. |
The Competitive Environment: |
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- Who are your competitors and alternatives?
- What do they offer and what is your advantage over them?
- What are your competitors’ barriers to entry?
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| 3. |
The IP Environment: |
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- What is your current IP status?
- Are you first to market? Is there prior art in this field?
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| 4. |
The Team: |
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- What is the team's background and its relevance to this initiative?
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| 5. |
The Business Model and Execution Plan: |
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- How will you make money?
- What is your exit (ROI strategy)?
- What are the key milestones along the way and how much money and time will it take?
- What have you accomplished so far?
- What amount of funds do you plan to recruit at this stage?
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