Student Entrepreneurship

This criterion gives an indication of whether the project is based on promising R&D results that are mature enough to contribute to significant improvements relative to the state-of-the-art.

This criterion will be assessed in relation to the following points:

i. Research results:
• To what extent is the research base underlying the project adequately described?

ii. Degree of innovation:
• To what extent will the product/process/service contribute to significant improvements over existing solutions (state-of-the-art) within the same area?

This criterion gives an indication of the project’s long-term potential for value creation as well as the likelihood of its successful realisation.

This criterion will be assessed in relation to the following points:

i. Market insight and areas of application:
• To what extent are potential branches of industry/markets targeted by the project quantified and accounted for?

ii. Strategy for realisation:
• To what extent does the application outline a realistic long-term strategy for realising the innovation, including quantification of anticipated revenues, investment needs, human resources needs, logistics distribution, etc.?

iii. Conditions and rights:
• To what extent does the application explain the conditions that must be in place for successful commercialisation?

iv. Benefit to society and sustainability:
• To what extent are the relevant societal challenges and the potential impacts of the project accounted for?

This criterion assesses the concrete results and risk relief that this project will achieve – which will increase the likelihood of triggering the next phase in the commercialisation process.

This criterion will be assessed in relation to the following points:

i. Project plan:
• To what extent does the application outline a realistic implementation plan, including milestones, deliveries and methods, and to what extent does the application adequately and convincingly describe what will be triggered by a completed project?

ii. Management, team and expertise:
• To what extent is the project considered to have access to the necessary resources and expertise, and to what extent does the project have a plan for involving external actors (mentors, customers, partners, investors, stakeholders, relevant social actors etc.)?

iii. Budget:
• To what extent is the budget and the financing realistic, cost-effective, and clearly rooted in the project's plans and resource needs?