Startup Company Award

Startup Company Award

This award recognises the most outstanding ICT company that is still in the startup phase of development.
Start-up Company is an Information and Communication Technology company who develops an innovative and potential superior ICT Product but the company itself is still considered at the early stage of inception.

The Start-up Company must meet the following criteria:
• The company must be a company registered under company eligibility for nomination rule.
• Company registration must not be more than 3 years from the date of APICTA competition.
• The founder of the company and or the product developers must still be the major shareholder of the company.
• The company must not be a subsidiary of well-established parent company.
• The company must not have received substantial funding from VC or other investor other than their own funding.

Judging CriteriaWeightingAttributesWeighting
Business Model & Financial20%Marketing
Funding
50%
50%
Innovation & Technology15%Application of Technology
Product Innovation
50%
50%
Execution, Team Composition & Implementation25%Scalability of operation
Team Composition
50%
50%
Investment Viability10%Quality of Customer Base
Market Share
50%
50%
Unique Selling Proposition30%Market Entry Barrier/ IPR
Competitive Advantage & Differenciation
50%
50%

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