Criteria, Eligibility & Terms and Conditions
Registered businesses based or operating in London, or intending to pilot the initiative in London were eligible for this Challenge Prize. Applications were assessed on the extent to which they satisfy the following criteria:
CRITERION 1: SOLVING AN IDENTIFIED PROBLEM
Is there an identified need and/or gap in the market?
Is it an innovative concept with a clear solution?
CRITERION 2: SIZE OF THE MARKET
Does it have a USP and stand out from others currently in the market?
Is it addressing a growing market and a future opportunity?
CRITERION 3: POTENTIAL TO SCALE
Are there strong plans for development and delivery?
CRITERION 4: LEADERSHIP & STRENGTH OF TEAM
Is there exceptional entrepreneurship?
Is there relevant industry and/tech skillset within the team or the individual?
This prize is promoted by Fashion District, London College of Fashion, UAL, 20 John Prince’s St, London, W1G 0BJ