New Idea Competition has been announced in the framework of newly launched Qafqaz University Technopark
Intellectual Property Statement:
All ideas remain the property of the submitter
Short Description:
The purpose of this competition is to contribute new ideas on a broad range of IT-related areas such as: Mobile App, Internet, Software App, Gaming, SaaS, Enterprise Software, New Business Model, Services, Robotics, IT and Consumer Electronics, IT for healthcare, etc.
Competition Organizer:
Qafqaz University Technopark
Who is Eligible?
Anyone who is Student of the University located in Azerbaijan or Alumni and has New Innovative Idea on IT-related area. Age limit for participants is 30.
Application Assessment Criteria:
- Innovation: We are looking for breakthrough ideas. They must be Information Technology oriented. Ideas should be unique and different, providing a competitive advantage. Ideas that show the greatest innovation will be viewed more favorably.
- Commercial Viability: Can the idea be commercialized within two years? Can the idea create or serve a market need? What are the customer benefits? Is there a clear strategy for making the idea into a high-growth business? Judges will be evaluating ideas on their potential to generate revenue, profits and employment.
- Investment Opportunity: If an investment opportunity was available and contemplated, would investors invest in this venture? Is the entrepreneur team invested in the venture?
- Entrepreneur Team: Are key leaders and advisors available (or identified subject to financing) to fill key positions to execute the venture plan? (right team)
- Quality of Presentation: As the judging progresses to the final round, some emphasis will be placed on entrant’s quality of presentation (clear, concise), both written and orally.
- Business Plan: Quality of Business Plan (appropriate training will be provided on Apprel 25, 26, 27)
Idea Assessment Rounds?
- Round 1. Online Application
- Round 2. Presentation in front of Jury Board
- Round 3. Preparing of Business Plan and Budget
Important Dates:
- Round 1: Mart 25, 2013 (Online Application)
- Round 2: April 15, 2013 (Presentation)
- Round 3:
- April 25-27, 2013 (Training)
- May 12, 2013 (Business Plan Deadline)
Why to participate? (Benefits/Awards)
- Get Enterpreneurship Trainings given by professionals
- The opportunity to have assigned Business Mentor
- The opportunity to be placed into Qafqaz University Technopark Incubator
- The opportunity to find investor for your idea
- The opportunity to found your company
- Attention in the media
How to apply?
You will be required to register on the Qafqaz University Technopark Online Application System till Mart 25, 2013
Contact us:
www.NewIdeaCompetition.qu.edu.az
NewIdeaCompetition@qu.edu.az