Tech Factor Challenge 2016

Final Report Template

This document provides a template of how you should approach the task of writing the final report, to be submitted by 4 September 2017, 2359 hours (Singapore Time) via the Submissions page.This should be an update of your project proposal and your progress report combined. The structure attempts to lay out important facets of the project which would portray the project’s strengths in line with the final judging criteria, and therefore help the judges make a more accurate assessment of the project. Should you feel that other aspects of your project are not sufficiently covered by the suggested structure here, please do include the additional points/aspects in your proposal while keeping to the page limit.

You should note that your project proposal will be referred to during the Final Judging. It is therefore important that you submit a project proposal which does justice to your technological idea or concept.

GENERIC GUIDELINES

Page Limit & Pagination:Your main write-up should not exceed 13 pages (not includingthe cover page, references and supporting enclosures/attachments). The total number of pages inclusive of supporting documents must not exceed 15 pages. Begin numbering your pages after the cover page (at the executive summary page).

Page Setting: The proposal should be done on A4 page size setting, with page marginsnot less than 1” on all sides.

Font:Please use Times New Roman font, no smaller than Font Size 12. Line spacing should be kept at 1.5.

PROJECT PROPOSAL EVALUATION CRITERIA

The submission will be evaluated based on the following criteria:

Research
Depth and quality of research. Quality research refers to research that is relevant, comprehensive and consist of a variety of credible sources.
Solution
Holistic evaluation of solution:
  1. Innovativeness & Creativity
    It must be originally conceived/developed by the team.
    If external party/parties has/have also contributed to the product, they must be identified.
  2. Sustainability
    Ability to adapt to technological advancements within the product life-cycle
  3. Scalability
    Potential to be scaled up to handle larger user base
  4. Usability
    Clear objective of proposed solution and detailed description of how solution works.
  5. System functionality and technology
Mobility Category
  • Improving mobility of user or assist in activities of daily living in a HDB home; and/or
  • Alleviating caregiver’s burden by assisting in caregiving task(s)
  • Design of hardware prototype to be built
Smart H2 Category
  • Improving the life of an elderly in a smart-safe home; and/or
  • Aiding an elderly in smart health & wellness management; and/or
  • Enabling caregivers to remotely monitor, manage or support the elderly, reassuring caregivers of the elderly’s safety and well-being through use of technology; and
  • System consists of software accompanying a hardware prototype
  • Consideration to enable System to synchronize with competition IoT platform
  • Design
  • Takes into consideration space constraints of HDB homes
  • Ease of Use
  • User-friendliness (E.g. For less tech savvy elderly)
  • Ease of technology uptake
  • User-configurable
  • Ergonomics & User Experience
  • Comfort of technology when worn or used
  • Intuitive design
  • Safety of operation
  • Static hazard considerations (E.g. Absence of sharp corners, exposed wires, waterproofing)
  • Operational hazard considerations (E.g. Safety features to end operation when misused)
  1. Practicality & Commercial Viability
    Potential economic impact of solution. Affordability of solution.

Clarity
Quality and clarity of the proposal. Comprehensibility.

PROTOTYPE JUDGING CRITERIA

The judging panel will assess the solutions / prototypes based on the following criteria:

Innovativeness & Creativity
Solution must be originally conceived / developed by the team.
If external party/parties has/have also contributed to the product, they must be identified.
Sustainability
Ability to adapt to technological advancements within the product life-cycle.
Scalability
Potential to be scaled up to handle larger user base.
Task Performance Ability
Teams will demonstrate the use of their solution at the designated competition venue.
  • At minimum the solution must demonstrate its capability to:
  • Accomplish the solution’s stated objective in the Project Proposal and perform goal-oriented workflow actions:
    Mobility Category
  • System achieves its goals of improving mobility of user or assist in activities of daily living in a HDB home; and/or
  • System achieves its goals of alleviating caregiver’s burden by assisting in caregiving task(s)
Smart H2 Category
  • System achieves its goals of improving the lives of an elderly in a smart-safe home; and/or
  • System achieves its goals of aiding an elderly in smart health & wellness management; and/or
  • System achieves its goals of enabling caregivers to remotely monitor, manage or support the elderly, reassuring caregivers of the elderly’s safety and well-being through use of technology; and
  • System consists of software accompanying a hardware prototype
  • Takes into consideration space constraints of HDB homes
  • Solution / Application fits into the layout of the designated venues
  • Takes into consideration of safety functions:
  • Activate safety features to end operation during malfunction or when misused
  • Proper casing of wires and mechanical components, and waterproofing
  • Teams may propose any other innovative functions stated in their Project Proposals, which may be awarded bonus points
  • Systems with the ability to synchronize with competition IoT platform may be awarded bonus points
  • Time taken to perform tasks will be taken into consideration

Ease of Use
User-friendliness (E.g. For less tech savvy elderly). Ease of technology uptake. User-configurable.
Ergonomics & User Experience
Comfort of technology when worn or used. Intuitive design.
Safety of Operation
Static hazard considerations (E.g. Absence of sharp corners, exposed wires, waterproofing).
Operational hazard considerations (E.g. Safety features to end operation when misused).
Practicality & Commercial Viability
Potential economic impact of solution. Affordability of solution.
Quality of Prototype Presented
Robustness. Durability.
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Tech Factor Challenge 2016

Final Report

Optional graphics / pictures / company logo where appropriate

Team Name

Member’s names, email addresses and mobile numbers

Solution Name

Cover Page

EXECUTIVE SUMMARY

(1 page)

The Executive Summary should be brief and cover the major ideas in the report, both scientific and commercial. It is suggested that the summary be written last. Avoid creating a summary by simply “cutting and pasting” sections from the body of your proposal, or concentrating only on the problem and technological solution of your project. Instead, carefully map out the salient points of your proposal which would address the judging criteria as holistically as possible.

Please organise your summary as follows:

Proposed Product/ Solution and its Unique Value Proposition:

In no more than 200 words, indicate clearly your solution’s objectives and the pain points of the elderly and/or the caregiver which it aims to solve. Describe how your solution works andthe uniqueness of your solution. State any challenges, the target market size and the solution’s market potential.

  1. Technical Solution:

In no more than 200 words, highlight the key technology innovation developed to-date and emphasise potential patent filings, if any.

  1. Competition & Competitive Advantage:

In no more than 100 words, elaborate on any similar solutions existing in the market and what is your prototype’s edge over existing competition.

  1. Expected Cost of Prototype:

In no more than 100 words, explain the total estimated cost of developing the prototype and how you would price it eventually. Justify the affordability of your solution for an average family in Singapore. Also indicate the expected breakeven point for users of your prototype.

PROPOSAL NARRATIVE – MAIN TEXT

(Max 12 pages)

In order to present a complete picture of your proposal, it is strongly recommended that the main text includes the following sections in the proposed sequence but is not necessarily limited to them in content.

  1. Team Profile

(~ 1page)

In the format of a table, provide a summary of the relevant technicalas well as business experience and qualifications of the teammembers.

  • Team Members Profile

-Elaborate on any scientific / technical capabilities of the team

-Elaborate on any business competencies

-Existing occupation

  • If team is an existing SME, elaborate on the existing product range offered by the company
  • If applicable, state any third-party investments that have been secured for the development of the proposed solution, or are in the midst of securing
  1. Task Performance Ability

(~ 2 pages)

  • Indicate clearly your solution’s objectives
  • Describe the key challenges faced by an elderly or caregiver which your solution aims to solve
  • Describe in detail how your solution works to tackle the challenges
  • Include rendered or technical drawings of your prototype
  • Specify any safety features developed for your solution
  • Elaborate on any other tasks that your prototype is able to perform
  • Indicate how your solution can overcome possible concerns users may have
  1. Technology Developed

(~ 2 pages)

  • Describe the key technology involved
  • Describe the technology development work done to-date
  • Describe the key technical hurdles that you have overcome over the course of the competition, how you did it and the resources required to do so.
  • Were there any key partners whom you worked with to develop the technology?
  1. Novelty of Product

(~ 1 page)

Elaborate on the following points:

  • State how your solution compares with alternative approaches being pursued (or previously pursued) by competitors or even by your own organization.
  • State howyour solution compares with other competitors’ products or solutions that have been developed, commercialised or sold.

On alternative approaches, cite any related or similar efforts that may have been unsuccessful and clearly describe how your approach avoided or overcame those pitfalls.

Identify any competing solutions and products and explain how and why your resultant technological IP (if any) or product can better address the problem, or better yet, addresses problems which competitors cannot.

  1. Practicality and Commercial Viability

(~ 1 page)

  • Indicate how your solution has potential scalability
  • Explain how your solution is affordable for an average family in Singapore
  • State how your solution has potential to attract further funding & market demand
  • Defensibility Of Intellectual Property (if any)
  1. Ease of Use, Ergonomics & User Experience

(~ 1 page)

  • State how your solution is user-configurable, easily adopted by the user or industry and user-friendly, especially for the less tech-savvy elder generation
  • Explain how you have made alterations to your design to overcome possible ergonomic issues your prototype may have
  • Explain how your prototype can be deployed in the user’s living environment
  • Indicate how your solution can overcome possible concerns users may have
  1. Looking Forward

(~ 2 pages)

  • Explain how you would price your product eventually
  • Elaborate on your business model
  • State any organisation(s) which you would like to work with for a 6-month to 1-year pilot programme of your solution
  • Explain how you would like to carry out your pilot programme and how you would gauge the success of your product
  • State possible avenues for marketing of your solution and elaborate on how you plan to sell your product in the silver industry
  • Specify some challenges you may encounter when commercializing your product and how you plan to overcome them
  • Explain why or how your technology will still be relevant 10 years from now
  1. Planned Expenditure of Seed Fund & Prototype Fund

(~ 2 page)

Provide a summary of your expenditures and the usage of both the Seed Fund & Prototype Fund using the suggested tables below. The S$4,000 (Four Thousand Singapore Dollars) Seed Fund was awarded to the 20 shortlisted teams after the Qualifying Round. SPRING’s Prototype Assistance Scheme was eligible to the 12 finalist teams after the Semi-Finals and covers up to 70% of the prototype cost (purchases after scheduled date of Semi-Finals judging only), up to a maximum of S$20,000 (Twenty Thousand Singapore Dollars). You may extract the figures provided in your project proposal and team progress report. Finally, calculate the total cost of producing your prototype.

Seed Fund

Expenditures / Budgeted Amount (% of Seed Fund) / Budgeted Amount
(in SGD) / Actual Amount
(in SGD)
Subtotal:
Expenditures
Exceeding Seed Fund (if any) / N/A / Budgeted Amount
(in SGD) / Actual Amount
(in SGD)
Total:

Prototype Fund

Expected Expenditures / Budgeted Amount
[A]
(in SGD) / Amount covered by PAS
70% of [A]
(in SGD) / Amount to be paid by team
30% of [A]
(in SGD)
Subtotal:
Expected Expenditures
Exceeding Prototype Fund (if any) / Budgeted Amount
(in SGD) / Amount covered by PAS
(in SGD) / Amount to be paid by team
(in SGD)
Total:

Total Cost of Final Prototype (in SGD) = ______(α)

Estimated Pricing of Prototype (in SGD) = ______(β)

Profit Margin per Prototype (in SGD) = ______(β – α)

  1. Other Supporting Information

Summarized research or interviews, technical drawings (rendered, isometric, axonometric, section and/or exploded views), etc.

ANY OTHER ADDITIONAL SUPPORTING ENCLOSURES / ATTACHMENTS

Although enclosures and attachments are not included in the 13-page limit, do not use this section to ‘pad’ your proposal. Providing an excessive amount of unrelated information does not provide any benefit to your report.

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