Criteria for selection and gate reviews of technology innovation projects

B Binneman and H. Steyn

ABSTRACT

This paper describes appropriate project selection criteria and gate review-point criteria for government agencies that fund technology innovation projects in South Africa. Data was gathered via a Delphi survey in which seven expert respondents participated. The most significant project selection criteria and relevant gate reviewing criteria were established. The proposed basic framework consists of fourteen selection criteria, their associated weights, and forty relevant gate reviewing criteria. Commercial risk and feasibility was considered the most important criterion, followed by the team’s skills and competence in second place. The use of these criteria when considering investment in technology innovation projects could improve the likelihood of commercial success.

Key words: Project selection criteria, Gate review criteria, Technological innovation, Commercial success. 

Full paper: http://sajie.journals.ac.za/pub/article/view/718