Judging Criteria Teams are judged according to the following 4 criteria (weighed equally):
1. Library Impact (20 points): Startup Weekend: Library Edition is slightly different than other Startup Weekend events in that proposed solutions must demonstrate impact for the library and/or broader information management community. This section is divided into two categories (10 points each).
- Problem-solution fit: Does the solution address a real problem? Is the proposed solution better than what exists?
- Potential Impact: Will this solution improve libraries or information access and use? Will it make a difference to end users?
2. Customer Validation (20 points): Have you taken the proper steps to ensure that the people who matter (your future customers and end-users) support and reinforce your assumptions? Think of Customer Validation as ‘evidence’ to back up the core structure of your ‘theory’ (your Business Model). The more feedback you gather (quantity), the more this feedback comes from your specific target market (quality), and the more you’re able to actually integrate this feedback into the Business Model and product development (execution), the better. This section is divided into two categories (10 points each).
- Customer Feedback: What steps did the team take to gather feedback from customers and end-users? How well was the feedback integrated into the solution?
- Value Proposition: How convincing is the value proposition? Does the value proposition match the proposed customer segments?
3. Product Execution (20 points): The nitty gritty: what has your team been able to actually build over the weekend? Even the strongest of Business Models are useless in the hands of those who can’t properly execute on them. Getting as far as possible in the development of your product/prototype not only helps give the judges a tangible vision of what the final product could be, but proves your strength and skills as a team. This is what truly matters: team execution is often more important than the quality of the idea. This section is divided into two categories (10 points each).
- Prototype: What was the team able to build? Is it a functioning minimum viable product?
- User Experience: What does the prototype feel like? Will users engage with it? Does it have a professional look and feel?
4. Business Model (20 points): The heart of it all. If you haven’t got answers to these questions, you’ve spent too much time on frills & features and need to get back to the basics: Who is your customer? What is your core value proposition? What are your key activities? What are your revenue streams – or how will it sustain itself? What is your cost structure? Who/what are your key partners/resources? What are your distribution channels? This section is divided into two categories (10 points each).
- Sustainability: Is the business model sustainable? Will the solution scale?
- Execution & Adoption: What is the roll-out strategy? How likely are customers to adopt this solution?