The Innovation Fund Committee judges applications based on the level of innovation shown in each product or service, regardless of the level of technical complexity. Only an idea is needed to apply. Teams must have at least one student currently attending the University of Pennsylvania.

The following are the traditional base metrics used to evaluate an Innovation Fund application:

• Projects must have an innovative factor
• Technological
• Process
• Projects must have a technological component
• Projects should have a good management team which is dedicated to implementation
• Projects must be feasible
• Projects must be in accordance with the Weiss Tech House ideals and mission
• The innovative part of the project must be completed by the team and not outsourced

In addition to those metrics, accepted Innovation Fund teams who are pitching for up to $4,000 of additional funding are evaluated by these additional questions:

• How has your team used the initial $1,000 grant?
• What milestones has your team been able to reach with the initial grant?
• How does your team plan to use the additional funding?
• What milestones does your team plan to reach with the additional funding?
• What Tech House resources besides funding have your team utilized?
• Did your team stay in contact with your project manager and give him any project updates?