1. Technological innovation – The project should establish its technology, feasibility and innovation.
2. Patentability – The project’s innovation should be patentable and free to operate.
3. Market needs and business potential – The project should address a substantial market need for which there is no good or sufficient solution. The project should also maintain a sustainable competitive advantage, by being based on a better solution to a problem, a strong intellectual property or an impressive business model.
4. Ability to reach milestones within budget and time frame – The project should be able to fit into the two most important frames of Incubator operation: a two-year incubator period and a pre-determined budget. By the end of the Incubator period, the project should have achieved the milestones that were set by the Incubator and the Office of the Chief Scientist.
5. Qualified and competent team – Project operation in the Incubator is done through a true partnership between the entrepreneur and Targetech’s investing partners. We look to partner with reliable and experienced team members who are also fun to work with and share our vision of making dreams come true through hard work and strong belief.