Solution Evaluation

Solution evaluation is about examining the social impact, innovation potential, MVP-ability and invest-ability of proposed solutions to identify an MVP for development.

Solution evaluation is about examining the social impact, innovation potential, MVP-ability and invest-ability of proposed solutions to identify an MVP for development.

After the Innovation Campaign has concluded and proposed solutions are presented, the sponsor will work with the campaign manager and community subset to identify the best solution as defined by the parameters set by the SDA sponsor. Although every solution will be evaluated on its own merit, priority will be given to solutions that require less effort to MVP, are easily scalable and minimize end-user complexity. Prior to initiating MVP Development, the selected solution must have clearly defined impact metrics and present a clear use case for scalability to the broader SGB community.

Solution Evaluation

How are proposed solutions evaluated?

Social Impact

Social impact is at the core of what SEA does. Each solution is evaluated on its intentionality in tackling social issues, the measurability of its impact and its ability to affect positive change at a local level. 

  1. 1
    Intentionality

    This is inherent in our mission. The solutions we focus our attention on are specifically designed and purposed to tackle social issues. Tackling these issues is core to our solution evaluation process.

  2. 2
    Measurability

    Apart from standard financial reporting, solutions are designed to report against simple and agreed upon social metrics.

  3. 3
    Local-Global

    While all proposals will be evaluated by their scalability, selected solutions will have a clear local market they first aim to serve. Once product-market fit is demonstrated scaling sustainably takes priority.  

Innovation Potential

Innovation is about solving problems at scale. Technology and business model innovation are essential for improving competitiveness, enabling economic growth and catalyzing sustainable impact.

  1. 1
    Unique Insight

    Successful innovations are based a unique insight about a market or problem. It is this insight that is leveraged to disrupt the way a market operates or provides a creative and new solution to a problem. 

  2. 2
    Network Effects

    With network effects the value of the service to a user increases as others use it. Value derived from networks can arise in a number of ways: for example a proprietary data asset; the marketplace dynamics of having a robust set of sellers and buyers; or through the development of a community that openly shares and exchanges information.

  3. 3
    Market-Model Dynamic

    Some business models are more suited to specific markets than others. Having a clear market mapping and value chain flow chart is key to understand whether a business model can sufficiently incentivize its respective stakeholders. 

MVP-ability

An MVP is more than a blueprint or prototype. It’s the truest version of a product or service, created with the least possible effort. The MVP acts as a microcosm of the vision, a test-case for the feasibility of the solution. 

  1. 1
    Technical Feasibility

    Properly designing and developing an MVP is often a labor intensive, technical process. This is why striking a balance between minimizing complexity and demonstrating the intended vision is such an important process. 

  2. 2
    Seed-Community

    Having a community to run initial tests on the MVP to demonstrate product-market fit is critical in obtaining quality data, evaluating feature changes and continued iteration. 

  3. 3
    Iterative Flexibility

    As solutions are tested and results gathered, the nature of the problem may not be the same as it originally appeared. This highlights the importance of 'building in' technical and strategic flexibility, providing more lateral movement in designing future iterations of the solution. 

Invest-ability

We believe attractive returns can be earned by funding positive transformation. Each proposed solution is evaluated with the eventual intent of achieving scale as a market-based solution, fundable by impact-focused risk capital. 

  1. 1
    Impact Goals

    This is inherent in our mission. The solutions we focus our attention on are specifically designed and purposed to tackle social issues. Tackling these issues is core to our solution evaluation process.

  2. 2
    Market Size

    For any solution to be sufficiently to scalable there must be a sufficient market to address. 

  3. 3
    Unit Economics

    Clear unit economics makes risk capital invest-ability that much more attractive. Defining and documenting this early on is key to setting KPIs and tracking financial performance.   

    Startup East Africa (SEA L3C) builds communities that scale the impact of innovative market-based solutions supporting Small & Growing Businesses (SGBs) by providing the infrastructure for identifying and acting on shared value opportunities.

    ADDRESS

    New York | Boston | Nairobi

    EMAIL

    info@sea.africa