Competition Details

Judging Criteria

 

First Judging 

Innovation and Creativity (20%)

• Innovation in addressing specific challenges or advance smart city development

• Creative problem solving with a new form of application and effective data-driven solutions

• Cost-effective implementation and integration of various resources (including list of datasets) or technologies
   

Functionality with Relevant Use of Open Datasets (20%)​

• Understanding and effectively addressing requirements of users (customers, citizens, stakeholders) per study of related data to solve the issue

• Empowering users to accomplish their functions efficiently (customer-centric and citizen-centric)

• Regulatory compliance and industry/sector best practices compliance (if applicable)

• Ease of implementation

• Providing scalability and interoperability;

• Enhancement planning for foreseeable market / sector / community needs
   

Market Potential/Performance, Internal User Buy-In or Public Acceptance (20%)

• Current market share/customer base and rolling take-up rate

• Realistic/ justifiable projections for local market growth

• Potential for diversification into new industries, sectors or communities
   

Benefits and Impact (20%)

• Introduction of new operational models for commercial and public enterprises

• The extent of new and enhanced revenue/profits and/or tangible cost savings, (monetary, efficiency and productivity)

• Creating impact: industry-impact, sectoral-impact, social-impact on accessibility and availability, quality and satisfaction for customers/citizens

• Enhancing public/market/sectoral community awareness of new services and benefits

• Including environmental protection, social responsibility, and governance (ESG) factors in measuring sustainability and societal impact of this project
   

Technical Aspects (10%)

• Employment of heuristic and computational data models and algorithms

• Proven effectiveness of selected algorithms for improving efficiency and analyzing the data used for specific types of patterns and trends

• REMARK: The algorithm applied would be tested as part of the solution evaluation

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Quality (10%)

• Reliability and stability

• Quality standards as reflected by external quality marks/certificates; User-friendly interface (if applicable)

• Good presentation with team work
   

Other Evaluation Considerations

• Comprehensive understanding of the selected proposition

• Clear explanation of data selection and usage

• Analytical tools/ models with insights justification; Level of impact towards businesses and people’s livelihood

• Team’s innovation and data utilization capabilities

• Feasibility of transforming data works into data products (bonus points)

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Final Judging 

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Problem Demand (10%)

• Description of the motivation and ideation process, including pain point analysis, evaluation of existing solutions and their shortcomings, identification of target audiences, unmet user needs, or market opportunities. Discovery of new challenges is encouraged

 

Creativity and Innovation (20%)

• Demonstration of unique creativity in aspects such as data integration, usage, application scenarios, and business models

• Differentiation from mature industry solutions, showcasing certain technical innovations

 

Data Application (10%)

• Clearly listing of datasets utilised, data analysis details, integrated data applications, and security measures
   

Technical Framework (10%)

• Explanation of model concepts, modeling processes, algorithm innovation principles, and submitted technical solutions
   

Outcomes and Analysis (20%)

• Detail expected application outcomes. Explanation of  the application of algorithms, based on the algorithm model and the competition data, the output of the model analysis result set, evaluation scores, and the analysis of the application results
   

Project Value (20%)

• Highlighting potential social benefits, economic returns, and commercial value of the project, emphasising the solution's unique value and highlights
   

Key Risk Issues (10%)

• Identification of key market or technical challenges and proposal of a reasonable and feasible avoidance plan

 

Assessment Process

In the course of evaluation, the curator, B4B Limited, and the judging panel may require access to relevant information in the applicant’s possession. The Applicant will be notified in advance if such a need arises. All collected information will be treated with strict confidentiality and will not be disclosed without applicants’ consent.

 

Remarks

• Applicants must comply with the relevant regulations and case practices regarding personal data privacy, data security, and data compliance in both regions

• Applicants should be aware that offering incentives or inducements to curators, or engaging in any actions that may bias or influence competition outcomes, will violate relevant laws

• In the event of any disputes, the organiser reserves the right to make final decision, which shall be binding on all relevant parties