This award recognises teams who have develop an innovative business concept that addresses a particular social need.
Impact (40%): To what extent the solution has potential for significant social impact and engagement of the broader community? (individual, community, systemic) How impactful is the proposed solution addressing social, ethical and environmental issues?
Innovation (30%): To what extent is it a novel solution with the potential to solve an existing and well-defined challenge/need? How well is the business problem and opportunity clearly defined?
Feasibility & Scalability (30%): To what extent the business has a favourable market size and competitive landscape that offers high potential for substantial growth? How compelling is the business model (realistic and viable)?