Inclusion Plus Entry Round Judging Criteria

Transcript

1. Judging Criteria Entry Round Judging Criteria
2. How does your solution address financial inclusion? •  The applicant clearly describes the solution, how it works, who it benefits and how it addresses financial inclusion.
3. Please provide more detail about the beneficiary of your solution. •  The applicant provides a solution designed to help people of low to moderate income. Strong answers will identify a specific beneficiary and demonstrate that the applicant has a strong grasp on the needs, behaviors, and lifestyle of this beneficiary.
4. What was your inspiration for this solution? •  High quality answers share a compelling story about why the applicant wants to solve this problem and how they first started working on the solution. High quality answers will illustrate the applicant’s personal experience with the problem and unique insights.
5. Why does your solution produce significantly better results than others trying to solve the same problem? •  High-quality applications will provide alternative solutions or current beneficiary behaviors as a benchmark against the proposed solution. Applicants must explain how they are significantly better than what is currently offered or tried in the past. For example, it is not enough to say that a solution is less expensive or easier to use. The applicant must explain why it is less expensive or easier to use. The answer shares evidence that the applicant has strong insights into the beneficiary’s existing behaviors to provide a compelling case for why a beneficiary will change their behavior and adopt this new solution.
6. How are you funding your solution? •  Strong applications will present a clear and convincing business model for how their solution generates a reliable source of funding. The applicant should clearly indicate who pays for the solution and/or how they acquire funding.
7. How many people does your organization serve today and how do you measure impact? •  Strong answers will describe how many people they are serving today and estimates for six months from now. Applicants will explain the key metrics they use or plan to use to measure impact.
8. What makes you a strong team? •  Succeeding as an entrepreneur is a challenging endeavor. Strong answers will illustrate why the team has the experience, skills, and key roles filled to execute on the solution. Applicants without a team need to provide a convincing strategy for how they will recruit teammates.