Additional Assignment

The Idea Box

Participating in ‘The Idea Box’ must have been great fun and an amazing orientation to idea generation. From
the ideas that were selected by the judges in the final round of the competition, you may now understand what
makes an idea successful. This assignment alongwith hands-on experience in idea generation will help you further
your understanding of entrepreneurship.

Objectives:
 Develop idea-evaluation skills
 Understand what helps turn an idea into a successful venture.

Instructions:
Foundational Course in Entrepreneurship

1. This is an individual assignment to be done once you complete you complete participating in the
competition, ‘The Idea Box.’
2. . You are required to answer the questions in the template given in the following page.
3. Each answer should be of a minimum of 200 words.
4. You are expected to spend a minimum of 3 hours on this assignment.
5. The assignment requires you to evaluate an existing business using the parameters provided in the
Template . Your assignment submission will include a Soft copy of the filled in template in Word or
PDF format.
6. Check with your facilitator on how to upload your assignment on LEARNWISE.
7. You have time until the next session to complete this assignment; check with your facilitator on when
you are expected to submit your assignment.

Practicum – The Idea Box Page 1 of 2

© Wadhwani Foundation For Students’ Use
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 Additional Assignment
The Idea Box

Choose from one of your favorite companies/startups (a business that is already existing) and
evaluate it using the following parameters.

Name of the Company:

Parameters Your Answers (min 200 words each)

Value Proposition – What is the benefit
provided to the customer? What
problem does it solve?
Foundational Course in Entrepreneurship

Customers - What is the target market?

Who are the customers?
Validation of the Idea – Why the
opportunity is or is not attractive?

Industry – What is the industry of its

operation? Is the industry growth
oriented?

Differentiation – How are they

differentiating themselves from the
competition? What is novel and
innovative?

Practicum – The Idea Box Page 2 of 2

© Wadhwani Foundation For Students’ Use
www.nen.org V01