1. Involves a product, a process, a service and/or a business model (not simply technology licensing, geographical market expansion, etc.)
2. Requires more than incremental innovation (technology, market, and business model risk cannot all be "low")
3. Requires a new organization approach that is entrepreneurial rather than efficiency-oriented.
4. Significant progress and learning is feasible within the course timeframe and resources. (persuasive evidence of customer need exists, "technology lift" is not too heavy, intellectual property entanglements are not too daunting)
5. Ignites the passion of a 4-6 person project team (more than just an "academic exercise", a commercially-viable opportunity - much more than simply an idea, raison d'etre mertis serious effort, offers a powerful learning opportunity.)
Are you ready to help in our opportunity search? Please comment and/or share your ideas on the following link. The winning idea will receive a significant equity stake and the opportunity to work with fellow hackers on building the startup company in 27 weeks.
https://spreadsheets.google.com/ccc?key=t9qfBG6vOv-9mDnLWAj4lEQ&hl=en&authkey=CJa03b0H#gid=0
Thanks for your help! Matthew