Proof of Usefulness Report

Chemtex Labs

Analysis completed on 2/7/2026

+223
Proof of Usefulness Score
Gaining Momentum

The project refers to 'Chemtex Labs', a verifiable B2B contract research and testing laboratory in Hyderabad, India, established in 2019. While the business is legitimate with estimated annual revenue of ~$600k and ~18 employees, the submission contains severe discrepancies: it falsely claims a team of 125, unrealistic reach ('everyone', 'most people'), and a confusing project name ('IronRider'). The project has standard commercial utility but lacks technical innovation, and the submission quality is extremely poor.

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Score Breakdown

Real World Utility+120.0
Audience Reach Impact+20.0
Technical Innovation+15.0
Evidence Of Traction+62.5
Market Timing Relevance+50.0
Functional Completeness+5.0
Subtotal+272.5
Usefulness Multiplierx0.82
Final Score+223

Project Details

Project URL
Description
Founded in 2019 with headquarters in Hyderabad, India, CHEMTEX LABS is a contract research, inspection and testing organization, providing services to Food, Nutra, bio & pharmaceutical companies. Our service portfolio includes Inspection and cGMP laboratory services viz., Residue Monitoring by LC-MS/MS, GC-MS/MS & ICP-MS. microbiology, stability testing, extractables & leachables, quality control, inspection activities etc.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline