EIT ICT Labs Idea Challenge – Submission criteria
Company information:
• Company Name
• Address
o Street, Number
o City
o Zip code
• Country
• Name of contact person
• Email-address
• Mobile phone number
Online presence (Optional):
• Website
• LinkedIn profile
• Twitter account
• Skype ID
• Other online profiles (url)
Idea:
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Topic (AL): Which topic are you applying for?
Name: What’s the name of your idea?
Idea teaser: Describe your idea in one tweet (max. 140 char.)
Executive summary: Describe your idea in a neutral way in 1000 characters. This
description will be published if you make it to the finals. (max. 1000 char.)
Idea description: Now more detailed: What is new about your idea? Which problem are
you solving and how? Which technology is used? (max. 3000 char.)
Intellectual property rights: What kind of IPR do you have in place to protect your idea?
o Patents (national)
o Patents (international)
o Registered Trademark/Brand
o Registered Design
o None
Add. comment. (max. 500 char.)
Status: Which of the following terms describes the status of your idea best?
o Public Beta
o Market ready
o Commercialized
Status: Now more detailed: What is the current status of your idea? Please provide links
here or upload relevant files at the end of the submission. (max. 1000 char.)
Awards: Have you won any awards so far? If yes, please specify what kind of awards and
for which idea? (max. 1000 char.)
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Describe your idea in five tags.
Market and competition:
• Market: What is your target market:
o Your home country
o Other EU countries (please select from drop down, multiple answers possible)
o USA
o other international markets
• Now more detailed: Why did you choose this market? Please describe your total
addressable market (TAM), your segmented addressable market (SAM) and your
realistic share of the market (SOM). How is the market you are targeting developing?
(max. 2000 char.)
• What other markets are you planning to enter in the next three years?
o EU countries (please select from drop down, multiple answers possible)
o USA
o other international markets
o none
Add. comment. (max. 1000 char.)
• Competition: Who are your main competitors? What are their strengths and
weaknesses? What makes your idea better than your competition? USP? (max. 1000
char.)
Business model:
• Target audience: What is the target audience of your idea?
o B2B
o B2C
o B2B2C
o Other (please describe in the next field)
• What is your business model? How will you make money? Name target B2B customers,
target audiences. (max. 1000 char.)
• How many paying customers do you have at the moment?
o <5
o 5 – 10
o 10 – 100
o >100
o none
Add. comment. (max. 500 char.)
• How much revenue did you make last year (in Euro)?
o <12,000
o 12,000 – 100,000
o 100,000 – 500,000
o 500,000 – 1,000,000
o >1,000,000
o none
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How much revenue are you expecting next year?
o <12,000
o 12,000 – 100,000
o 100,000 – 500,000
o 500,000 – 1,000,000
o >1,000,000
o none
When are you expecting the break even?
o We are already profitable
o Next year
o 2 years from now
o 3 years from now
o > 3 years from now
--> if already profitable: How much profit did you make this year?
o <12,000
o 12,000 – 50,000
o 50,000 – 100,000
o 100,000 – 250,000
o 250,000 – 500,000
o >500,000
How much profit are you expecting to make three years from now?
o 50,000 – 100,000
o 100,000 – 250,000
o 250,000 – 500,000
o 500,000 – 1,000,000
o >1,000,000
Funding: How much funding have you received to date?
o <50,000
o 50,000 – 100,000
o 100,000 – 250,000
o 250,000 – 500,000
o 500,000 – 1,000,000
o none
Please precise: How much exactly and from whom? (max. 500 char.)
Company & Team:
• What is the legal form of your company?
• When was your company incorporated?
• How many employees do you have at the moment?
o <5
o 5 – 10
o 10 – 20
o >20
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Team members: Name your core team members, their role in the team and give three
bulletpoints on their background. Please describe what qualifies your team to make
this idea a success (max. 2000 char.)
Do you have a female founder/co-founder?
Impact of prize:
• What impact do you expect for your idea and your company if you win this contest?
Which part of the support EIT ICT Labs is offering do you consider especially valuable?
(max. 1500 char.)
Location:
• In case you win this contest, you will have the chance to use our Co-Location Centres
to connect to our innovation activities and meet potential partners, clients and
investors. Please indicate which locations are most interesting to you.
o Berlin, Germany
o Budapest, Hungary
o Eindhoven, Netherlands
o Helsinki, Finland
o London, United Kingdom
o Madrid, Spain
o Milan, Italy
o Munich, Germany
o Paris, France
o Rennes, France
o Sophia-Antipolis, France
o Stockholm, Sweden
o Trento, Italy
Access to investors and incubators:
• We have a large network of investors, VCs and incubators who are always looking for
great ideas to invest in. Please indicate if you would like us to forward your idea to
selected partners.
o Yes, I would like to have my application forwarded to selected investors and
incubators from EIT ICT Labs’ network.
o No, my application is for the EIT ICT Labs Idea Challenge only.
Additional files:
• Possibility to upload add. files