<p>LEAP Inventor Challenge Executive Summary </p><p>Project Title: Lead Investigator: Lead Investigator e-mail: Text in RED font may be deleted in final form. LIMIT is 3 pages.</p><p>One Line Pitch: Provide a one-line description of the project in layman language.</p><p>Project Summary: Summarize the long-term potential impact of the project.</p><p>Management: Provide a brief description of the technical and operational management team’s qualifications</p><p>End-user Problem: Describe the depth and extent of the problem the project aims to solve.</p><p>Target Market: Estimate the size of the market for the intended product and/or service. Include the “lowest hanging fruit” niche market, as well as the size of the broader market that can be reached, if the project is successful.</p><p>Customer Validation: What evidence can you present today that “if you build it, they would buy”?</p><p>Technology Validation: What evidence can you present today that the product and/or service is likely to work as envisioned?</p><p>Sales/Marketing Strategy: Explain how the project will make its way from the lab to the marketplace.</p><p>Business Model: Explain how the product and/or service will generate adequate revenues and profits to create a sustainable and scalable enterprise. </p><p>Competitors: Summarize existing alternatives to your solution and any direct or indirect competitors you face or are likely to face in the future.</p><p>Competitive Advantage: Describe what unfair advantages you have over likely competition, that other qualified and well-funded groups could not easily duplicate. Intellectual Property: Describe the status of any intellectual property you may possess or intend to possess.</p><p>Risk Assessment: Starting with the highest risk item that you can reasonably de-risk using Bear Cub funds, provide a list of risk factors and associated risk mitigation strategy. Please insert rows as needed.</p><p>Risk factor Risk mitigation strategy</p><p>Use of Funds: Provide a quantitative and detailed list of specific activities you intend to undertake using Bear Cub funds. Also provide additional funds that will be required to get the product and/or service to market. Please insert rows as needed.</p><p>Source of funds Specific activity Funds required Deliverable Delivery by LEAP funds</p><p>Sub-total LEAP funds</p><p>Post-LEAP funds needed Specific activity Funds required Funding source</p><p>Sub-total post LEAP funds</p><p>Other relevant information: Please include any other relevant information below. Total application may not exceed 3 pages. </p>