EVALUATION CRITERIA
To qualify as an innovation, a project needs to score at least 60% of the total score assigned to uniqueness (i.e. at least 24 out of maximum 40). This rule is applicable to all evaluation stages.
| CRITERION | SCORING |
|---|---|
| Uniqueness –How well has the problem statement been defined and addressed? What is the genesis of the idea? How have you designed the solution? Is this innovation unique to your industry, market, and function/ domain? | 40 |
| Impact/ Benefit –(tangible benefit in the last 6 months for Offerings and Process categories) – What is the impact on the Triple Bottom Line – people, planet and profit? What is the potential for the future (say, the next 12 months)? Has this been factored into the next years revenue/ cost saving? | 40 |
| Hurdles or Challenges –faced by the innovators and what steps were taken to overcome them? | 20 |
| Total | 100 |
Please Note:
The Finance Department, of each sector, has to ratify:
a) The financial impact of the projects that move to the final round
b) That the impact has been factored into the next years revenue/ cost saving.
This maybe shared as a combined figure for all projects from within the same sector.
To qualify as an innovation, a project needs to score at least 60% of the total score assigned to uniqueness (i.e. at least 24 out of maximum 40). This rule is applicable to all evaluation stages.
| CRITERION | SCORING |
|---|---|
| Uniqueness –How well has the problem statement been defined and addressed? What is the genesis of the idea? How have you designed the solution? Is this innovation unique to your industry, market, and function/ domain? | 40 |
| Impact/ Benefit –(tangible benefit in the last 6 months for Offerings and Process categories) – What is the impact on the Triple Bottom Line – people, planet and profit? What is the potential for the future (say, the next 12 months)? Has this been factored into the next years revenue/ cost saving? | 40 |
| Hurdles or Challenges –faced by the innovators and what steps were taken to overcome them? | 20 |
| Total | 100 |
Please Note:
The Finance Department, of each sector, has to ratify:
a) The financial impact of the projects that move to the final round
b) That the impact has been factored into the next years revenue/ cost saving.
This maybe shared as a combined figure for all projects from within the same sector.
To qualify as an innovation, a project needs to score at least 60% of the total score assigned to uniqueness (i.e. at least 24 out of maximum 40). This rule is applicable to all evaluation stages.
| CRITERION | SCORING |
|---|---|
| Uniqueness –What was the immediate problem that it solved during the lockdown ( production, manpower, sales, finance, communication, etc.) | 40 |
| Impact/ Benefit –What is the long term impact? Will it discontinue after the crisis or become a new way of working? What is the Scalability, Robustness & Affordability for the future? | 40 |
| Hurdles or Challenges –faced by the innovators and what steps were taken to overcome them? | 20 |
| Total | 100 |