Awards and Evaluation
Awards
The best ideas of this contest will be awarded with the following prizes:
- 1st place: € 1,500
- 2nd place: € 1,000
- 3rd place: € 600
- 4th - 10th place: € 200
Furthermore, the community management team will select two MVPs (Most Valuable Participant) who will be awarded with € 250 each.
Evaluation criteria of the Jury
The jury will evaluate the ideas with the following criteria in mind. Please consider them when making your submission.
- Market Potential - Is the market interesting for Borealis to enter in regard to the market size and potential?
- Strategic Fit - Does the idea match Borealis' strategy and competencies?
- Customer Value - Does the idea create relevant value for the specific industry/market compared to current solutions?
- Feasibility - Is the implementation technically feasible?
- WOW-Effect - Are you flashed by the idea?
Evaluation criteria for the Community
- Market Potential - How do you assess the market potential of the idea?
- Customer Benefit - How attractive is the idea for solving the problem of a specific industry/market compared to current solutions used?
- Idea Elaboration - Is the idea well explained, structured and added feedback/questions from the community?
- Novelty - How is this idea new and innovative?