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| > ELIGIBILITY AND SELECTION CRITERIA |
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| Eligibility conditions |
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A) The MedVentures 2010 awards targets high-growth start-up companies from the South Mediterranean countrie:
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Participating companies have to be incorporated in the above mentioned 10 Mediterranean countries: Algeria, Egypt, Israel, Jordan, Lebanon, Palestinian Authority, Syria, Tunisia and Turkey. |
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They shall feature an existing management team, a proven innovation, a business plan and at least one ongoing customer (they are at the early & development stage)
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Companies who received private funding (angels or venture capitals) before April 2007 are not eligible for this competition. |
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Entrepreneurial projects (i.e no company formed) are not eligible to this contest. |
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B) Applicants shall be the CEOs of the companies, nationals (residents or expatriates) of the above listed 10 South Mediterranean countries
C) Submitted business projects shall be impacting for their home countries, ambitious with an international dimension, and innovative
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Companies will demonstrate their potential to achieve significant growth, competitiveness and job creation in South Med countries. |
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They shall have a vision and willingness to go international, with a focus on the Euro-Mediterranean market. |
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Companies shall be innovative (new technology, new business model, new process…) and preferably target one of the following strategic sectors for the Mediterranean: agrifood, Information and Communication Technologies, health, environment & energy, tourism, logistics and distribution. |
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| Selection criteria |
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The selection will be done around 5 main criteria:
1. Innovation and added value
2. Business opportunity
3. Team
4. Organisation
5. Essence and impact of the project
On each criteria the jury will look at two dimensions:
(A) The business project potential.
(B) Its capability to go international.
The evaluation grid is under finalisation (is to be approved by the jury and the country coaches by july 15)/
| Main criteria |
A) The business project |
Global rating |
B) Its International dimension |
Global rating |
1.Innovation & added value
(20 points) |
- Is there a need (a big problem) well identified?
- Is the value proposition to answer this need clear?
- Can the proposed solution remain unique?
- Are competitors well identified and positioned? |
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- How can the proposed innovation take an international dimension?
- Is there a clear request for technological and strategic partnerships? |
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2.Business opportunity
& impact
(20 points) |
- Are the targeted niche markets well defined?
- Who are the existing customers?
- Is there a clear business model? |
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- Are the market drivers clearly identified?
- Did the company identify prospects and potential Euro-Med customers?
- Does the company have an international sales & distribution strategy? |
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3.Team
(20 points) |
- What are the key skills and achievements of the key founders?
- Is there a solid, potential dream team?
- Who are the company today’s main strategic partners? |
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- Did the company identified the required skills and profiles to go international?
- Did the company identify its tomorrow’s strategic partners? |
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4.Organisation & execution
(20 points) |
- Is there a proposed roll out plan of the business project?
- Is there a clear willingness to work with international investors? |
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- Is the proposed international development well outlined?
- Are required international support services well defined? (i.e coaching, business development support...) |
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5.Essence and Impact
(20 points) |
- Is the essence and energy of the business project well presented and summarised?
- What is the proposed 3-year impact in the startup’s country (and specifically in terms of job creation)? |
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- Does the project boast an international dimension?
- Does the company plan to set up and develop activities abroad? |
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Country coaches ( local players, they source and coach the best start-ups in Europe and 10 Mediterranean countries) :
Read more
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International Added-Value Networks ( help the best start-ups go international) :
Association of Organisations of Mediterranean Businesswomen (AFAEMME), Bedaya Angels Network, CDC Entreprises, European Business Angel Network (EBAN), European Business Innovation Centre Network (EBN), Italian Business Angels Network (IBAN), International Network for SMEs (INSME), International Society for Professional Innovation (ISPIM), MedAlliance, RMEI, Mediterranean Network of Management Schools (RMEM), The Arab American Technology association (Tech Wadi)... Read more
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Strategic partners ( help us think big and long term):
European Investment Bank, European Commission, Organisation for Economic Co-operation and Development... Read more |
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