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iRubric: Application for Commercialisation guidance v2 rubric

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Application for Commercialisation guidance v2 AC Grant Readiness Assessment Application for Commercialisation Guidance Assessment Rubric Code: V2X5855 By i4Connect Ready to use Public Rubric Subject: Business Type: Assessment Grade Levels: Post Graduate

1. Impact of Grant
	Poor 4 pts	Fair 8 pts	Good 12 pts	Excellent 16 pts
a. Need for funding? 50 % your need for the funding, i.e. why you are unable to access sufficient funding for the entire project, including from your directors and shareholders, loans or equity investment and why it would be unreasonable to expect you to obtain all requisite funding from alternative sources	Poor The need for funding is poorly articulated and lacks supporting evidence	Fair There appears to be a need for funding	Good Good evidence supports the need for funding	Excellent The need for funding is well articulated and supported with strong evidence
b. Positive impact? 13 % the positive impact the grant will have on the size, scale or timing of your project	Poor Positive impact is poorly identified with little or no supporting evidence	Fair Positive impact with minimal supporting evidence	Good Positive impact is identified with good supporting evidence	Excellent Positive impact is well identified with strong supporting evidence
c. in growth sector? 13 % whether your product or service targets or participates in one of the growth sectors	Poor	Fair	Good	Excellent the product or service targets or participates in a growth sector
d. economic benefits? 24 % the broader economic benefits to be gained through your project, e.g. whether it will create jobs, export growth, diffusion of knowledge, increased collaboration or best practice.	Poor minor economic benefits Up to 10 new jobs; some export growth; minor diffusion of knowledge; some improved collaboration or adoption of better practice	Fair Fair economic benefits - one of these 10+ jobs; export growth; diffusion of knowledge; some improved collaboration or adoption of better practice	Good Good economic benefits 20+ jobs; 10X value of grant in export growth; good diffusion of knowledge; step change in collaboration or adoption of best practice	Excellent Excellent economic benefits 50+ jobs; 15X value of grant in export growth; extensive diffusion of knowledge; step change in collaboration or adoption of best practice
2. Management Capability
	Poor 6 pts	Fair 12 pts	Good 18 pts	Excellent 24 pts
a. Team experience 50 % your team’s track record and/or access to appropriate personnel with the relevant business, commercialisation and market/technology expertise and experience to deliver your project	Poor The team has considerable gaps in skills and capability which have not been addressed in the project	Fair The team is moderately capable with skills gaps and capability partially identified to be addressed with the projects commencement	Good The team is well composed and experienced with good attention to capabilities required in the project execution and good evidence these resources can be employed as required	Excellent A well balanced, high functioning and experienced team with the necessary skills and capabilities to execute on the project
b. Governance 50 % your governance arrangements (e.g. project oversight, advisory boards etc.).	Poor Negligible attention to project oversight	Fair Project manager identified and to be appointed at commencement	Good Advisory board in place with evidence of adoption good governance practice	Excellent Board in place with track record in governance and/or steering similar projects
3. Market opportunity
	Poor 5 pts	Fair 10 pts	Good 15 pts	Excellent 20 pts
a. Novel product or service? 25 % You should demonstrate this by explaining how the product, process or service that you wish to commercialise is novel	Poor	Fair	Good	Excellent
b. Problem & demand? 25 % Explain the customer problem you propose to solve and the market demand your novel product, process or service satisfies within Australia and overseas markets	Poor	Fair	Good	Excellent
c. i. intended customers 5 % your target market including: i. intended customers (e.g. individuals, business or government)	Poor	Fair	Good	Excellent
c. ii. market size 5 % your target market including: ii. market size (e.g. number of customers, average revenue per customer)	Poor	Fair	Good	Excellent
c. iii. market structure 5 % your target market including: iii. market structure (e.g. the value/supply chain and relationships between suppliers, distributors, influencers and end customers)	Poor	Fair	Good	Excellent
c. iv. your pricing strategy 5 %	Poor	Fair	Good	Excellent
c. v. your position in the market 5 %	Poor	Fair	Good	Excellent
d. your intellectual property strategy 25 % your intellectual property strategy including any protection mechanisms that may be employed (e.g. patent, trademark, etc.), and how the strategy aligns with the market opportunity.	Poor	Fair	Good	Excellent
4. Value Proposition
	Poor 5 pts	Fair 10 pts	Good 15 pts	Excellent 20 pts
a. Product/Service desirability? 25 % You must describe and provide evidence that demonstrates: a. why customers will want to buy your product, process or services (include the economic analysis and description of value creation)	Poor	Fair	Good	Excellent
b. Competitor analysis 25 % Describe and provide evidence that demonstrates your most likely competitors and your competitive advantage	Poor	Fair	Good	Excellent
c. market research wrt value prop 25 % Describe and provide evidence of market research you have undertaken to validate your value proposition	Poor	Fair	Good	Excellent
d. 25 % Describe and provide evidence that your product, process or service is functional or technically viable	Poor	Fair	Good	Excellent
5. Project and post project execution
	Poor 5 pts	Fair 10 pts	Good 15 pts	Excellent 20 pts
a. Project plan 20 % a. your project plan including activities, milestones, budget and deliverables	Poor	Fair	Good	Excellent
b. Execution plan 20 % b. your execution plan including your path to market (e.g. direct sales, distribution channels, franchising)	Poor	Fair	Good	Excellent
c. Operational plan 20 % c. your operational plan including your business and delivery model, human resources, marketing and communications plan, financial plan, manufacturing strategy (where applicable) and your plan to manage risk	Poor	Fair	Good	Excellent
d. Structural or market strategy 20 % d. how you intend to address structural or market challenges (e.g. government regulation, market inertia, timing imperatives, manufacturing capability/capacity, market barriers etc.)	Poor	Fair	Good	Excellent
e. i. Intellectual Property management 10 % i. your intellectual property (e.g. future protection strategies, freedom to operate, patent insurance, etc.)	Poor	Fair	Good	Excellent
e. ii. Intellectual Property development 10 % ii. any intellectual property you need to deliver your project (e.g. ownership, access and/or beneficial use).	Poor	Fair	Good	Excellent

Subjects:

Business

Types:

Assessment

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