1. How many members are allowed per team?
A maximum of four members are allowed per team2. When is the deadline for receiving the applications by ISB?
The deadline for receipt of applications by ISB is 23:59hrs(IST) on August 16th 2015.3. Is there a word limit for answering the questions? Is there any penalty for exceeding the specified word limit?
Yes, there are strict word limits for answering each section and the same has been mentioned in the application form against each section. Teams are requested to kindly adhere to the word limits as non adherence to the same might lead to deduction of marks at the discretion of ISB.4. Is the total word limit mentioned against each section to be equally split amongst the questions asked under the section?
No. The total word limit can be split in any desirable way by the team to answer the questions asked under any particular section. (For eg., if the section specifies 600 words as the limit and there are 3 questions asked, it is not necessary to answer each question in a maximum of 200 words).5. Is the Executive Summary the same as the synopsis of the project?
Yes, the Executive summary is the brief synopsis of the project and should include keywords about all aspects of the project which are sought to be highlighted via the application form.6. Does each section need to answer the questions raised therein separately?
Not necessarily. The questions are indicative of what we are looking for in your answer to the particular section and hence there is no need to address each one separately. However, please note that your summary should seek to address the issues raised by ALL the questions that are mentioned under a particular section.7. Are annexure(s)/ tables allowed? Can we use any pictures/ logos/ screenshots to support our answers?
Please note that annexure(s) and tables are ONLY allowed for the section on “Financial Stability” and the figures/ data cited therein will not be counted towards the word limit mentioned against the section. However, please note that the page limit for such an annexure/table is ONE page only and all formatting guidelines mentioned in the application form are also applicable to the annexure/table.
No pictures/logos/ screenshots/ tables or any other image may be used in answering the questions, unless specifically allowed for under a particular section.8. Can we make any assumptions/ projections to support our answers?
Yes, assumptions and projections can be made for answering questions (as required). However, teams are encouraged to CLEARLY specify any assumptions which they make for calculations or future projections in their answers.9. Will the data provided by us be cross checked?
All data provided by the teams would be internally checked at our end (if required) and in case any discrepancy is found in the projections or data provided, the same would qualify as a ground for disqualification. However, all teams are to be held responsible for the accuracy of the data provided by them and it is not the onus of ISB to check for their authenticity.10. Will our marks be disclosed?
No. As a matter of internal policy neither the marks nor the evaluation criteria would be disclosed to the teams by ISB under any circumstances.11. How do we know what are we being judged on?
Broadly the team applications would be judged on:
a) The social need being addressed
b) Social impact articulated
c) Uniqueness of the solution/product
d) Relevance of the team’s background and experience
e) Market potential
f) Business and revenue model
g) Strategy for launch of product/venture
h) Investment and resource requirements
i) Progress/ current stage12. Will we know who will check our applications?
All applications are to be checked by authorized personnel of ISB and there shall be no disclosure of the names of the evaluators under any circumstances as a matter of internal policy. 13. Can we refuse to answer any question/ section?
All incomplete applications will be disqualified as a matter of policy. A submission would be considered incomplete if particular section/questions are not answered. In case you choose to refuse to answer a few questions under a particular section, please provide your reasons for doing so. This would, however, result in an appropriate deduction of marks.14. In case we are not satisfied with the evaluation can we raise our objections?
No. All decisions taken by the ISB internal team are final and binding and no objections can be raised at any stage. We assure you a fair and just grading scheme and thus, by agreeing to participate the teams are voluntarily waiving their right to question any evaluation criterion or decision that may be taken by ISB.15. What may amount to disqualification of a team based on application form? Will the teams be intimated of the same with detailed reasoning?
• A team may be disqualified on the basis of application form on any one or more of the following grounds:
• Non adherence to general guidelines provided to the team by ISB
• Submission of application form after the deadline
• Incomplete application form
• Providing incorrect data
• Exceeding the more than one page of annexure(s)
• Not adhering to formatting rules as specified in the application form
Any team who is disqualified for any of the reasons cited above will be intimated over mail by ISB. However, ISB reserves the right to decide whether to communicate the reason for such disqualification to the team.16. Will all teams who give in their application be intimated of the results and feedback?
Yes, results would be announced over email and shall be communicated to all teams. However, specific feedback will ONLY be provided to selected teams.17.What do you mean by all-inclusive Boot Camp?
ISB will arrange for the entire food & lodging during your stay at ISB.
For domestic travel, teams will be provided with two-way AC-3 tier train tickets from the nearest railway station along with a pick-up and drop-off to the airport / railway station in Hyderabad.
For international travel, teams will be reimbursed up to $600 per team.
18. In case we have any queries on the application form, whom can we contact?
All application related queries should be sent to iDiya@isb.edu