OPEN CONTEST: SPINOFF OF THE YEAR 2023!
TIMEFRAME:
- Campaign period: 10 January 2023 - 10 June 2023
- Meeting of the jury and selection of winners: June 11 - June 21
- The official announcement of winners: June 22, 2023, during the Spinoff Bulgaria conference!
Categories:
- Corporate spinoff
- University spinoff
- Academy spinoff
- Government spinoff
Only projects that have successfully passed at least the second stage of technological readiness according to the internationally accepted scale for evaluating the maturity of a newly created technology (Technology Readiness Levels) will be evaluated, and work has begun on the third stage - proof of concept in the experimental environment.
Innovation Areas: Applicant need to propose activities in biotechnology, health, food tech, semiconductors/chips, artificial intelligence, cybersecurity, and VR&AR.
Evaluation criteria:
- Skills of the team, knowledge of the sector, the feasibility of the project;
- The development stage of the product/service;
- Degree of innovation and its defensibility;
- Positioning concerning competitors;
- Consistency with the market and customers’ needs and potential outreach;
- The business potential of the idea;
- Completeness of the documentation presented.
The expected results of the project need to be clear, measurable, realistic, bound to a specific period and be a logical consequence of the planned activities.