1. Novelty:

Please describe how the technology/solution compares to state-of-the-art?

Describe what is UNIQUE/DIFFERENTIATING about your solution compared to existing approaches. Please compare your company’s product with competing products, that you are aware of, on the most relevant performance parameters. Be as quantitative as possible and refer to data you have collected as much as possible. [1000 characters]

Describe the market opportunity. How big is this opportunity and who is your competition for capturing this market? [1000 characters]

2. Feasibility:

Describe the expected commercial stage economic and technical performance of your solution relative to its current state?

Note any tests, demonstrations, pilots or 3rd Party validation projects that you performed on or with your solution. Please provide detail about any partners or customers involved, as well as any laboratory results and certifications regarding performance. [1000 characters]

3. Technical Advantage:

Describe any IP or other sustainable competitive advantage.

Please list patents filed below, including title, patent number, filing date, and status of each filed patent (e.g., application, granted, expired). If provisional, please provide a brief, non-confidential summary. [450 characters] Does your team have other intellectual property, such as trade secrets or other sustainable competitive advantages? If so, please describe and include references to supporting data. [450 characters]

4. Team:

Please describe how your team is prepared to execute the business plan?

Please list the primary team members who will be working on the project below including name, role, and a summary of relevant experience. Be specific with respect to their current involvement with the company/team. If members of your team or company have any relevant outside affiliations, please also describe them. Do you have any advisors/mentors, external companies or development partners? If so, please also describe them and their involvement below. [1000 characters]

5. Business Model/Market:

Please describe how a future project would present a clear value to NYPA. What evidence is there that the model would be replicable with a path towards scalability?

What are your key development milestones in the following categories: technical, business, fundraising, and team building, for the next next 6 months, and for the next 24 months? [1000 characters] What challenges do you foresee to meeting your milestones and how do you plan to address them? [1000 characters]

6. Fit:

How does your solution align with the Challenge objectives? [650 characters]