Interac U-Innovate Challenge

Imagine the future of commerce powered by intelligent systems, where payments are seamless, secure and designed around real human needs.

groups

Teams of
2 - 4 people

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Submissions will be judged in both Round 1 and Round 2 of the Challenge by a panel of judges (“Judging Panel”) based on the following criteria:

Judging Criteria	Description	Weight (%)	Rating Scale
Problem Framing & Narrative	Clarity and relevance of the problem definition; storytelling and context provided.	15	1–10
Strategic Alignment	How well does the solution align with Interac’s vision, mission and/or challenge goals and priorities.	10	1–10
Technical Understanding & Execution	Practicality and technical soundness of the solution; clear understanding and realistic execution.	15	1–10
Implementation & Financial Analysis	Depth of implementation plan steps and accuracy of financial planning, budgeting, and cost-benefit analysis.	10	1–10
Innovation & Creativity	Originality and inventiveness of the idea; does it challenge norms or offer a fresh perspective?	15	1–10
Impact & Value	Potential for short-term and long-term impact; value to stakeholders or society.	15	1–10
Presentation, Group Participation & Clarity	Effectiveness of communication from all group members, visuals, and overall presentation delivery.	10	1–10
Quality of Research	Competitive analysis, use of credible sources, data, and evidence to support the solution and problem framing.	10	1–10

The Judging Panel’s decisions are final and binding without right of appeal.