The Evaluation Criteria

Technical Factors

·         Understanding of the technology

·         Technical capabilities and facilities

·         Awareness of technical challenges and constraints – and a plan for solving them

·         Available and accessible technical and engineering skills.

·         Assessment of design changes necessary to achieve successful commercialization

Business Factors

·         Goals of the project agree with the company’s overall mission and goals

·         Demonstration of strength of company in field of technology relating to product.

·         Clear identification of existing and potential customers

·         Characterization of market including the size and estimate of penetration.

·         Competitive advantage and position

·         Clear work/business plan including well defined commercialization roadmap

·         Demonstrated development, manufacturing, and marketing capabilities

·         Financial condition of company

Management Factors

·         Leadership and commitment of management

·         Well-defined project management, schedule, and resources

·         Reasonableness of proposed effort including time, funding, and resource estimates.

·         Strengths and capabilities of management team, including past experience.

·         Record of successful and unsuccessful technology development leading to commercial products.

·         Risks identified and mitigated

Economic Impact

·         Financial benefit to company and NAVAIR

·         Number and quality of jobs to be created and their location

·         Impact on southern Maryland region

·         Time to commercialization impact

·         Expectations for export of product

·         Financial and organizational impact on company

·         Economic impact on company’s community