I’m in favor, but I do have a few questions:
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Details on the evaluation criteria:
- How exactly will the evaluation committee assess subjective standards like “innovation potential” and “market readiness”? Is there a detailed scoring system or guidelines for this?
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Funds distribution and milestone setup:
- If a team fails to meet milestones within the set timeframe or progresses slowly, are there specific actions or penalties in place?
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Transparency of the application process:
- Will the review process be open and transparent? Can other teams or community members see the details of the applications and the feedback from the reviews?
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Flexibility in budget and funds usage:
- During the project, if there’s a shortage of funds or if the budget is exceeded, are there any measures or mechanisms for additional funding?
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Ongoing support and oversight:
- After the projects are completed, is there a plan to continue supporting these teams to ensure the long-term success and sustainability of their projects?