would be a better, fairer, more productive, happier world. Vision problems affect us more than any other disability— impeding our ability to get an education, support our families and to build a better life. Clearly is looking for innovative, scalable solutions that can help the 2.5 billion people worldwide with vision problems left uncorrected.
than current options in diagnosis, training, manufacturing, distribution, and data collection. Innovative concepts have the potential to reach the world’s population living at the bottom of the pyramid.
on the problem, the potential obstacles, and the requirements for success. They are able to attract resources, recruit a strong team, and demonstrate entrepreneurial problem-solving.
describe the problem and provide data to support their answer. • The team understands what causes the problem • Answer explains who this problem impacts and why • Problem reflects the desired impact of the competition
between the problem they have identified and the solution they are offering. • The solution is consistent with the desired impact of the competition • The solution is in-market with demonstrated users or customers
to solve the same problem? High-quality applications will show other solutions or current behaviors as a benchmark for why their solution is better. • Shares compelling evidence that the solution is magnitudes better than current solutions • Explains why they have a significant competitive advantage for their product or service
a clear and plausible argument as to how their solution generates a reliable source of funding (either through revenue or donations). • The team clearly indicates who pays for the solution • If a nonprofit, it is clear how the applicant acquires funding • The financial model will provide a 12-month runway
clear and convincing vision for how their solution can serve hundreds of thousands of people. The applicant shares a clear narrative of how many people they currently serve and what is required to grow their impact in the next few years.
to ultimate success and how would you be resourceful to overcome it? Strong applications will demonstrate a sensible grasp on potential barriers and risks including running out of money, and slow customer adoption. Answers should provide specific examples that provide evidence of resourcefulness and preparation.
imagine the potential here. Strong applications will exude a high degree of inspiration and passion for the future of their company. • Is the applicant ambitious with their vision? • Does the application make you excited about their vision? • Do you believe this applicant can attract partners and employees in order to achieve success?
potential concepts and strong teams who may have submitted weak entries. We don’t want to miss a good venture who may have had an off day. This is where you tell us to take a second look.
to be shared with the applicant. This might be a way to think about finding more customers or how to overcome a barrier they described. You can also provide constructive feedback for any improvements.
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