Page 14 - Identifying and scaling AI startups for SDGs

Identifying and scaling AI startups for SDGs

Table 2: Evaluation scoresheet AI for Good Innovation Factory (continued)

Categories Explanations
Market Analysis How well does the startup identify and understand the target
market? How big is the market's growth potential?
Monetization Strategy Is there a clear plan on how the startups intends to generate reve-
nue and achieve financial sustainability?

Growth Do they have clear growth strategies with a detailed roadmap for
growth and scaling up? How feasible are these strategies?

Technology How well is the AI used for their solution? Does the startup demon-
strate careful consideration of AI-based risks in solutions design
and steps to mitigate potential risks identified, including a clear
plan for addressing potential AI biases? How mature is the startup
technology?

Capacity Building and Is the startup open to sharing non-proprietary learnings and best
Collaborative Potential practices? Does the startup plan to transfer knowledge to the local
tech community? Is the startup committed to building local AI
talent through training or internship programs? Is the startup will-
ing to collaborate with other startups, researchers, and academic
or research institutions within the AI ecosystem?

Alignment to SDGs How well aligned is the company to the SDGs?
Team Is the team capable of making the idea into action?

7 Spotlight on Startup Success

The Innovation Factory has been a catalyst for growth and achievement among its participants.
Each year, the winning startups emerge stronger, leveraging the resources and opportunities
provided by the program to achieve significant milestones and successes in their ventures.
These success stories highlight the transformative impact of the Innovation Factory on promising
startups, propelling them toward sustainable growth and market leadership.

Stemuli, the winner of the 2024 Innovation Factory has been
featured on NBC and successfully secured over $3.25 million in
seed funding to further develop its innovative 3D game-based
platform, designed to engage students by making learning as
immersive and exciting as playing a video game.

"Stemuli was the best use case of AI for Good this year,"

Founder and CEO Taylor Shead said.

"In 2024 what I want to show is it's time to take women and
minorities seriously, and this award couldn't be a better
embodiment of what that looks like."

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