Retail Open Innovation Challenge 2024

The application phase will run from 11 Jun (Tue) and will end on 20 Aug (Tue) 2359 SGT.

Criteria for Application

The criteria for the application phase are as follows:

1. Register on the platform.
2. Select a challenge statement to address.
3. Complete the participation form.
4. Submit a 5 to 10 slide PDF proposal deck, including the following details:
   • Details of Applicant 
   • Executive Summary: In less than 500 words, provide a summary of the solution, technology and deliverables. This should include the tangible and intangible outcomes of the project.
   • 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
       
   • Ability to Execute: Provide details of your organisation’s expertise and experience along with a commercialisation plan if applicable.

You are welcome to tackle multiple challenge statements by creating new participations, should you have more than one solution to submit! 

The deadline for the submission will be on 20 Aug (Tues) 2359 SGT. Please note that all the deliverables must be submitted in English.

The shortlisting of startups and SMEs will conclude by 23 September 2024.

During this phase, challenge statement owners will evaluate the proposals and the most innovative solutions will be selected to proceed to the clarification phase.

Shortlisting criteria

Participating startups and SMEs will be evaluated according to 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%)
  

Clarification phase will conclude by 18 October 2024.

During this phase, our challenge statement owners will conduct 1-to-1 sessions with shortlisted startups and SMEs for further discussion and clarification, e.g. via online calls or through the challenge platform.

 Format TBC