NOUN GST302 Business Idea Grading System
1. Idea Scanning within your environment to locate a problem you can solve and then create a business around it
2 . The level of relevance of the business idea
3. Level of Innovation and Creativity:
• What is new in the product or service as compared to existing ones?
• What is the impact will it make on the users?
4. Level of Idea development
5. Demonstration of the Idea (Product or Service)
6. Idea Documentation (Business Plan)
• Executive Summary
• Product Idea and Description
• Proposed organizational structure
• Market Analysis
• Financial Analysis
Note: A business idea could either be a product or service. All students that registered for GST302 must prepare their innovative business idea proposals that will be presented at the incubation centre or real-time online.
All proposals must be typed and printed. If you have done No. 1 – 5, proceed to Business Plan and submit on the website.
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