FIEGE INNOVATION CHALLENGE Questionnaire
FIEGE INNOVATION CHALLENGE - QUESTIONNAIRE Vision - brief outline of the business idea How does this work? What do I need to consider? Please complete the following slides with great care as they serve the jury in rating your business model The overview slide is followed by an individual slide for each question, and needs to be completed Feel free to use illustrations and images to demonstrate your idea Please limit your answers to the space available Depending on the idea, it will not always be possible to answer all questions - which is totally okay. The goal is to ensure that in the end, we understand what you want to say And if I still have questions? I am happy to help you with any questions that you may have: Maike Rüdingloh t: +49 (0)2571 999 – 803 m: innovationchallenge@fiege.com
Overview Questionnaire Target group Status quo alternatives Innovation application advantages Story Distribution revenue costs Overview Questionnaire
Target group This chapter should include answers to the following questions: Who is my target group? How large is the market? What is the (monetary) market volume, approximately? Is the innovation of international relevance or does it target the German market only? …
STATUS QUO This chapter should include answers to the following questions: What is the current problem my target group is faced with? Has the target group already been dealing with the topic (obvious need vs. unknown need)? …
ALTERNATIVES This chapter should include answers to the following questions: Does the market or do other markets (e.g. USA) already have a similar business model? Which alternatives in the market can the target group apply in order to solve their problem and which ones are of special relevance? (market analysis) …
INNOVATION This chapter should include answers to the following questions: What does your innovation look like? …
APPLICATION This chapter should include answers to the following questions: How do customers use the innovation? (e.g. physical product vs. software solution) …
Advantages This chapter should include answers to the following questions: Which advantages does the solution have compared with alternative solutions? …
STORY This chapter should include answers to the following questions: Which story manifests your solution? How do new customers learn about this? …
Distribution This chapter should include answers to the following questions: How does your product or your service reach the customer? Which requirements must the customer meet to be able to use your innovation? Which interfaces with the customer are necessary? …
Revenue This chapter should include answers to the following questions: Which revenue streams are there? What does your pricing model look like? …
COSTS This chapter should include answers to the following questions: What are your most important, one-off requirements to get you started (funds, human resources, technology, know-how)? What are your most important ongoing costs in order to create a viable innovation for the market (funds, human resources, technology, know-how)? …
Please include a short curriculum vitae. Who are you? Please complete for each team member! Please include a short curriculum vitae. Name, first name Email address Telephone number Address FIEGE employee Student
Have fun and good luck