XTC ASEAN-KOREA

PARTNERED WITH

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XTC ASEAN-KOREA REGIONAL COMPETITION APPLICATION SUMMARY and EVALUATION GUIDANCE

ELIGIBILITY

• Legally incorporated
• Private startup seeking funding within 12-18 months, NO publicly-traded companies
• Commercial, profit-making, investable business model
  • NO grant- , foundation- , NGO-based projects.
• Viable product in service or at least advanced prototyping, not idea-stage
  • NO grant- , foundation- , NGO-based projects.

Complete Rules of Extreme Tech Challenge

EVALUATION of YOUR BUSINESS based on Stanford NABC(t) principles

Remember, we are looking for hot investments with superior ROI that also embody responsible innovation for a better world. So, show us quickly how you are making investors eager to write cheques to your business!

• NEED – what need is going un-met or badly served without your solution?
• APPROACH – how are you uniquely serving the need above while earning better profits?
• BENEFITS – how are you better serving the need above, while earning good profits?
• COMPETITION – you may feel special, but your customers always have choices. Realistically, what alternatives do your customer use to meet the need above?
• TEAM – is this the best set of people?

NOTE: NO! balance sheets, profit statements, term sheets or proprietary technical information will be asked or accepted. No NDAs are accepted. This is a public forum and judging will be based on the following criteria

JUDGING CRITERIA
4 scores, each 1 (lowest) to 10 (best), ultimate = 40

TEAM – is the team uniquely qualified to build the startup? Do they well-understand their customers and their industry? Do they have the toughness to carry this through ?

PRODUCT/SERVICE INNOVATION – is this a disruptive innovation that creates a new market/value network that displaces an entire industry or incumbent cohort ?

PRODUCT MARKET FIT – are the startup’s target customers using/buying its product/service? Are their indicators that this product/service can scale economically beyond its home market?

RESPONSIBLE INNOVATION FOR A BETTER WORLD
Will this this innovative product/service have a wide-ranging impact on people’s lives and/or environment? Will the startup be able to scale commercial for that impact to be genuinely wide-ranging if not worldwide? And how do the startups own business practices show a commitment to diversity, sustainability, and inclusiveness?