2013 ECU Innovator Award

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STAFF OR STUDENT

TELEPHONEEMAILPROJECT TITLE

1. DESCRIBE YOUR NEW TECHNOLOGY, PRODUCT OR SERVICE.What does your technology, product, or service do? What makes it unique?

Who benefits from your technology, product or service?

2. PROVIDE DETAILS OF ANY LITERATURE OR PATENT SEARCHES CONDUCTED. What databases have been searched? (Hint: the United States Patent Office has a patent search function which can be very useful.)

Details of closest competing technology identified.

3. MARKET POTENTIAL Who are your customers?

How many of them are there?

Is that number likely to grow, shrink, or remain the same?

4. MARKET CHARACTERISTICS Who are your competitors?

How concentrated is the market ? Are there one or two well established global players, or many newcomers?

Can your product feasibly be brought to market? Would you sell direct to consumers, or through an existing company?

2013 ECU Innovator Award

5. COMPETITIVE ADVANTAGEWhat makes your product better than existing competitors? List your advantages.

Provide evidence of the unmet need your product is filling. Are people currently unhappy with what’s available to them? If not, it can be challenging to get your product out into the market.

6. STAGE OF DEVELOPMENTWhat work have you done to prove up your idea?

Please provide information regarding any prototypes or ‘proof of concept’ works produced.

7. STATUS OF INTELLECTUAL PROPERTYWho are the originators of the technology, product or service? Provide details.

Identify involvement by students/supervisors.

Has the work been sponsored or funded by any groups who may claim ownership of any intellectual property related to the technology, product or service?

Have any patents or other intellectual property protection been filed in respect of the technology, product or service? Provide details.