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Bright Ideas, Trade Up, and Community Business Fund Year 2 Evaluation ReportAnnabel Litchfield, Waseem Meghjee, Kandy Sisya, Mahdy Alraie and Alice Thornton May 2021Bright Ideas, Trade Up, and Community
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Start by reviewing the criteria or guidelines for the evaluation of bright ideas.
02
Collect all necessary information and data related to the bright idea being evaluated.
03
Use a standardized evaluation form or template to ensure consistency in the evaluation process.
04
Assess the impact and feasibility of the bright idea in terms of its implementation.
05
Consider any potential risks or challenges associated with the bright idea.
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Provide constructive feedback and suggestions for improvement if needed.
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Submit the completed evaluation form to the appropriate individual or committee for review.

Who needs evaluation of bright ideas?

01
Entrepreneurs looking to determine the viability of a new business idea.
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Innovators seeking feedback on a potential product or service innovation.
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Companies interested in evaluating internal proposals for process improvements or cost-saving initiatives.
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Investors evaluating new investment opportunities in startups or emerging technologies.
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The evaluation of bright ideas is a systematic process to assess innovative suggestions within an organization, typically aimed at improving operations, products, or services.
Typically, employees or stakeholders who have submitted innovative ideas to an organization are required to file evaluations of their bright ideas.
To fill out an evaluation of bright ideas, individuals should provide a detailed description of their idea, explain its benefits, outline potential challenges, and suggest implementation strategies.
The purpose of evaluation of bright ideas is to identify and select the most promising innovations for further development and potential implementation.
Information that must be reported includes the title of the idea, submitter’s details, a summary of the idea, projected benefits, and any necessary resources for implementation.
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