BYU-Idaho Entrepreneurship Society - Business Model Canvas Competition
Team/Company: ________________________ Group: _______ Judge: ______________________________
1. Use of Business Model Canvas
Did the team use the Business Model Canvas or similar tool to identify and track assumptions?
1 2 3 4 5 6 7 8 9 10
Comments/Questions
2. State Assumptions and Hypotheses
Did the team clearly state their assumptions/hypotheses?
1 2 3 4 5 6 7 8 9 10
Comments/Questions
3. Crucial Assumptions Identified
Did the team identify the most crucial assumptions to test first, the ones that will kill their business?
1 2 3 4 5 6 7 8
Comments/Questions
4. Hypothesis Testing Design
Did the team design low cost, rapid, but reliable tests of these hypotheses?
1 2 3 4 5 6
Comments/Questions
5. Pivots and Changes
Did the team clearly state what they learned, how it validated an assumption or not, and if that informed any
changes/ pivots?
If changes were made, was the pivot the team made supported by evidence or did they fail to pivot when the
evidence clearly stated it?
1 2 3 4 5 6 7 8 9 10
Comments/Questions
6. Minimum Viable Product - Prototype
If appropriate, has the team developed a prototype or minimum viable product (MVP)?
Does the team understand the assumptions they are testing with a prototype or MVP?
Is the prototype or MVP appropriate to answer those assumptions?
(We want to reward prototypes over full products unless the product is the result of many prototypes tested with customers.
In other words, we want to reward testing assumptions before building and building from prototypes up to products. We do
not want to reward just building products too early based on untested assumptions)
1 2 3 4 5 6
Comments/Questions
7. Market Opportunity/Market Problem
Is the team solving a significant problem or market need?
1 2 3 4 5
Comments/Questions
8. Solution to Problem/Value Proposition
Does the solution or value proposition solve the market need?
1 2 3 4 5 6 7 8 9 10
Comments/Questions
9. Evidence of Validation
Does the team have significant evidence that the solution is validated (includes letters of intent, purchase
contracts, sales, and partners)?
1 2 3 4 5
Comments/Questions
10. Quality of Presentation
1 2 3 4 5 6 7 8 9
Comments/Questions
Judge’s Comments
Optional but encouraged
Presentation
Strengths
Weaknesses
Company
Strengths
Weaknesses
10