TNVC Judging Rubric
Below is a rubric that lists the different aspects of participating companies that should be considered when ranking them for the Texas A&M New Ventures Competition. This rubric does not mandate that a specific number of points be given to each team in each category. Instead, it should be used as a way to facilitate discussion about the companies and aid in putting the companies in a rank order.
Aspects of Investability
Things to Consider
● Management team
● Advisory board
● Number of employees relative to company status
● Do the skill sets and experience of the team match needs?
● Team clearly explains what the product is/does
● Team clearly illustrates the pain and how their product/service solves the problem
● Technology is unique and innovative
● Team has an IP strategy; or a way to overcome competitor barriers to entry if IP is not applicable
● Team identifies direct customers, their needs, and requirements
● Team identifies sales and distribution channels and marketing strategy to reach customers
● Team considers market size, growth, and has an achievable share to support business and return on investment
● Window of opportunity
● Team has validated their market (verified with potential customers that the solution is needed and that they are willing to pay for it)
● Will it have a positive impact on society (health, happiness, wellbeing, etc.)?
● Will it create economic benefit for Texas (jobs, local investments, taxes, etc.)?
● Is this a paradigm shifting technology?
Financials and return on investment
● Are the projected financials realistic?
● Assuming attractive investment terms, is the progress made with the past and current funding worthy of further investment?
● What is the most likely path and timing for an exit? What is the backup strategy?
Overall potential for success
● Team has made good use of their time, relative to the industry
● Team is able to concisely communicate the key points of their business
● Team has identified a path/timeline to market (fundraising, product development, regulatory hurdles, etc.)