The selection of the commercialization teams, from the five partner universities, will be conducted according to the following timeline, and based on the criteria below:
The first stage of the application is a sourcing process, to automatically reject applications, based on the criteria below:
|Idea that has no technological components||Rejected app|
|Teams of only professors||Rejected app|
|Applications with no ideas (problems and solutions)||Rejected app|
|Applications from universities other than the selected 5||Rejected app|
|Pure hardware manufacturing applications||Rejected app|
Application Screening/ Technical Committee Review
The application screening will be conducted based on the criteria below, as a rigid scoring system. The screening is conducted via a Technical committee, composed of representatives from the Korean Agency for International Cooperation (KOICA), the Ministry of Telecommunication & Information Technology (MTIT) and Leaders Organization.
The Committee will take place on Tuesday 3rd of July, 2018.
The Initial results will be E-mailed to the selected teams to invite them to be part of the competition on Wednesday 4th of July, 2018
|Level of Innovation (breakthrough)||30%|
|Economic Impact of the idea (Market Opportunity)||15%|
|Feasibility, and Effectiveness to implement within the period of the program||20%|
|Scalability (regional and international)||15%|
Pitch Presentation Competition Criteria
The competition will be the final stage of the selection process, where the same committee will form a Panel for the team to present to.
Each team is expected to present their ideas for 3 Minutes, then the committee will have 2 minutes for questions. The Judging will be conducted according to the criteria below.
The competition will be held over 2 days on Monday, July 9th and Tuesday, July 10th at Leaders Organizations Offices.
30 Teams will be selected after the competition to be officially part of the Commercialization Program. An announcement will be sent via E-mail on Thursday, July 12th.
|Ability to present a comprehensive Idea in (3 Minutes)||25%|
|Validity and Strength of Answers to the Committee||25%|
|Team Presentation skills and commitment||25%|
|Comparativeness to other teams competing||25%|