Entries for the Young Business Mind Awards need to address these key criteria within the category chosen:
- What is the problem or issue your idea is tackling?
- What is the big benefit of your idea?
- Who will benefit from your idea and why?
- Why are you passionate about this idea?
Judges will be looking at the following:
1. Communication of the idea/ product or project
- Does the entrant/ team describe the idea clearly?
- Does the entrant / team tell a compelling story that stands out from the rest?
- Does the communication of the idea create the potential to influence others? (Investors, engineers etc.)
2. The Why
- Why did you submit an entry to these awards?
- Why this category?
- Will the idea / product solve a clear pain point for customers/end users?
3. The Outcome
- Explain how your solution has a social, economic and/or environmental impact (relevant to your category)
- How will you use this idea to build a community of ‘followers’ that will help encourage innovation amongst your fellow students?
Scoring by the judges will consider the same three elements with scores of 1 to 5 being applied as follows:
Scoring Communication of the Idea/ Product or Project – the Pitch
5 = Individual/Team demonstrates great presentation skills that include all team/individual strengths and abilities. Individual/Team is professional in appearance and is strong in its overall cohesion and communication. They have included a pitch deck in their entry.
3 = Individual/Team demonstrates moderate presentation and team communication skills but would benefit from further guidance and practice.
1 = Individual/Team is not comfortable or is ineffective in presentation skills and team communication skills.
Scoring The Why – Desirability
5 = Individual/Team has a clearly explained the why of their idea and a clearly defined solution.
3 = Individual/Team has a clear idea/solution but is not clear on how or why it meets the need.
1 = Individual/Team has unclear idea/ product definition.
Scoring The Outcome – Feasibility/Viability
5 = Breakthrough innovation that potentially changes how impact is achieved; generates enthusiasm and support.
3 = Moderately innovative; different but not game changing.
1 = Interesting idea, but not distinctively innovative.
Judging
All entries are judged by a panel of subject matter experts, industry or business professionals selected at the sole discretion of Career Links from subject matter experts or practitioners in the areas of creativity, entrepreneurship or business.
Judges are required to sign a confidentiality agreement and disclose any conflict of interest.
The judges’ decision is final and no further correspondence will be entered into after a decision is made. We do not provide feedback on entries.
We wish everyone the best of luck with their entries and we can’t wait to see them! Entries are due in on September 3.
