Q183 Innovation Challenge Business Model Assumptions

Robot
Posts: 641
Joined: Sun Jun 28, 2020 7:33 pm
Real Name: RSS Retriever Bot

Q183 Innovation Challenge Business Model Assumptions

Post by Robot »

Q183: In sections 4.3.1 and 4.4.3.2, the rules state that teams advancing to the semifinals of the Innovation Challenge must provide a description of the business model. Should the team's business model be based around the idea that it was a true company bringing the idea to market, or should it be what the team actually plans to do moving forward given the resources accessible to them?
A:
The business model needs to include a distinct value proposition for the innovation and the model needed to support the innovation. A business model may include factors for implementation that are outside the scope of a team’s resources due to cost, infrastructure, availability, time, resources, or other factors. As stated in bullet three of 4.4.3.2, we recommend considering the wide variety of factors necessary for what a full business model for the innovation would be.
(Asked by 1678
at Apr 13th 21)

Source: https://frc-qa.firstinspires.org/qa/183