Judging Criteria

Live presentations will take place in two rounds. All live presentations will be a maximum of 10 minutes in length. Judging will not be biased based on the type of business and their inherent pivoting timeframe (i.e. web-based businesses are able to pivot inherently more quickly compared to physical product-based businesses).

Semi-Final Round
Semifinalist teams will be required to present their presentations live via Zoom, hosted by EPICentre. Teams will present to a panel of highly experienced and qualified business experts. Each team will be assessed based on the judging criteria below. Up to 6 teams with the highest score will move on to the final round. The semi-final round will not be streamed publicly. Participants will have 10 minutes to present to judges and will not have a Q&A period in this round.

All semi-finalists will be eligible for the Postmedia People’s Choice Award and KPMG Financial Competence Award.

Final Round
The final presentations will take place virtually, in front of a new panel of judges, and the winner and runner-up of the RBC EPIC BMCC will be determined. Each finalist team will be judged on the Main Judging Criteria.

Main Judging Criteria
Semi-Final and Final Competition will be judged on the following. Each of the following criteria will be scored on a scale from 1 – 10, with 1 being poorly explained and 10 being exceptional.

  1. Did the team clearly state their initial hypotheses and how they were developed?
  2. Is the customer problem a ‘significant’ problem and was ‘significant’ defined?
  3. Did the team identify which hypotheses are most crucial for their business success and therefore should be tested first?
  4. Did the team create fast, low cost, and effective methods for testing their hypotheses?
  5. Did the teams use the testing methods they developed in a reliable and effective manner?
  6. Did the team develop conclusions from the results of their testing, and did they clearly state whether their hypotheses were validated or invalidated?
  7. Did the team pivot based on supporting evidence from their testing?
  8. Did the team develop a minimum viable product, as opposed to immediately creating a full product, which addressed their hypotheses for further testing?
  9. Did the team use a business model canvas to record their progress?
  10. Did the team provide evidence that their business model/solution to a customer problem was validated?

KPMG Financial Competency Award

All teams are eligible for this award.

  1. Did the team utilize their financial resources wisely in making their MVP (prototype)?
  2. Did the team present a sound revenue model?
  3. Did the team able to demonstrate a sustainable financial model that can take the business to the next level?

Tiebreaker: team with the higher score based on main judging criteria

Postmedia People’s Choice Award

Postmedia People’s Choice Award will be selected by the audience in the Final round. Only the finalist teams are eligible for this award.

Postmedia People’s Choice Award
All teams are eligible for this award

  1. Did the team demonstrate excellent presentation skills?
  2. Did the team effectively use and illustrate the business model canvas?
  3. Did the team demonstrate a general tenacity, drive and commitment to their venture?

KPMG Financial Competency Award
All teams are eligible for this award

  1. Did the team utilize their financial resources wisely in making their MVP (prototype)?
  2. Did the team present a sound revenue model?
  3. Did the team able to demonstrate a sustainable financial model that can take the business to the next level?