Retail Open Innovation Challenge 2024

Participations are now closed.

Once you have become a participant, announcements will be made via the platform chat on a regular basis to provide the latest updates about the challenge. Participants also have access to a dedicated chat with the Admins. Feel free to ask any question there.

The Agorize platform’s customer support can answer any questions pertaining to the challenge.

You will receive an email confirmation upon successful registration for the ROIC 2024 platform. If you do not receive anything after registering, please reach out to timothy.sim@agorize.com

To update your details, please login on the challenge page and go to your participant profile to edit or change your details. Please note that you will not be able to change your email address. If you need to change your email address, you need to delete your account and create a new one with the desired email address.

In this challenge, only one person acts as a representative for his/her respective company. If your company is entering the challenge with an IHL partner, please reach out to timothy.sim@agorize.com

This challenge is open to all startups, and SMEs across the world.

Please take a look at the challenge statements tab to learn more about each challenge statement’s specific requirements and expectations.

The challenge is open to startups and SMEs across the world.

You are free to submit as many solutions as there are various problem statements. Check the complete list HERE.

For all challenge statements under the ROIC 2024, the Organiser may support awarded innovators* with the Proof-of-Concept (“POC”) Development Grant (for eligible enterprises). Eligibility for the grant, actual quantum, early stage POC milestones tied to the grant and payment tranche(s) will be assessed by Enterprise Singapore, the challenge owner and the awarded innovator.

Eligibility criteria and conditions apply* 

*Funding support will only be awarded to Singapore-registered startups and SMEs. Foreign-based startups and SMEs may be considered if they are registered as a legal entity in Singapore within six (6) months of being appointed as a matched company. For applications by a consortium or group of startups and SMEs, the grant will be awarded to the lead applicant.

For the application phase, your startup/SME must fill in an application form and submit a 5-10 slide PDF that addresses the following:

• Details of Applicant
  Executive Summary: provide a summary of the solution, technology and deliverables – tangible and intangible outcomes of the project (in less than 500 words).
  Detailed project proposal, including:
• Problem/solution
• Market and total addressable market (TAM)
• Value proposition and positioning
• Technical aspect
• Go-to-market strategy
• The business/revenue model
• Traction: KPI metrics & milestones
• Forecast 2023/2024
• Team Presentation
• Others (as specifically requested by Challenge Brief).
  

Refer to the timeline and guidelines tab for more information HERE.

A template is available for download on the participation space but you are not required to use it. It is provided merely as a guide.

If you don’t use the template, make sure that your PDF submission is no more than 10-slides and is written in English. Furthermore, please ensure that you’ve previewed your project, to ensure it is displayed correctly, prior to submitting it.

The deadline of the application is on 20 Aug (Tue) 2359 SGT.

All submissions will be assessed based on the following criteria:

> Value of the addressed issues (25%)

> Innovativeness of the technology and business model (25%)

> Feasibility - Short-term and Long-term (25%)

> Impact (25%)

The announcement for the shortlisted startups and SMEs will be made via the platform chat on 23 September 2024, end of day.

The announcement for the shortlisted startups and SMEs will be made via the platform chat on 18 October 2024, end of day.

Clarification phase will commence in early October, 2024 where 1-on-1 clarification meetings will be organized by the respective challenge statement owners with shortlisted startups and SMEs.

The announcement for the finalist startups and SMEs will be made via the platform chat on 18 October, 2024 end of day.

[TBC]

[TBC]

All submissions will be assessed based on the following criteria:

> Value of the addressed issues (25%)

> Innovativeness of the technology and business model (25%)

> Feasibility - Short term and Long-term (25%)

> Impact (25%)

The final jury panel will consist of the challenge statement owners. More information will be provided at a later date!