When interacting with startup founders and team members at the Jai Hind College Incubator and Accelerator Centre, the evaluation of their ventures was based on:
1.The potential to solve a problem
2.Their passion in communication
3.Their clarity in vision
4.The scalability of the business
5.The uniqueness of the venture
To some founders I would ask the question that if you received an investment of a million bucks, how would you allocate the funds. Their response would give us insight into what they prioritize for growth.
My reflection - The manner in which startups can leverage technology, capitalize on social media and communicate with passion is key to them receiving funding and scaling their business. Wishing all the start-ups the very best in their enterprise.