Proof of Usefulness Report

FirstIgnite

Analysis completed on 2/3/2026

+607
Proof of Usefulness Score
Category Standard

FirstIgnite is a legitimate, venture-backed (Y Combinator S21) company addressing a high-value problem in the technology transfer space, effectively connecting university research with industry partners. External verification confirms significant traction, including an estimated $1M-$3M in annual revenue, a team of ~20-27 employees, and partnerships with major institutions like Johns Hopkins and the University of Oregon. However, the submission itself ('IronStone') contained factually incorrect and low-effort claims (e.g., 'most people have used my product', 'revenue: null'), which severely impacted the Response Quality and Traction evidence scores. The final score reflects the high intrinsic value and verified success of the underlying business, penalized by the poor quality of the submission data.

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Score Breakdown

Real World Utility+24.75
Audience Reach Impact+12.00
Technical Innovation+11.25
Evidence Of Traction+10.00
Market Timing Relevance+8.00
Functional Completeness+0.00
Subtotal+66
Usefulness Multiplierx0.92
Final Score+607

Project Details

Description
FirstIgnite, founded in 2019, is an AI software company dedicated to facilitating research institutions in identifying and connecting with companies interested in partnering. Through user input describing their research, FirstIgnite matches users with markets, companies, and contacts suitable for potential partnerships. Backed by venture capital groups like Y Combinator and collaborating with global universities and pioneering companies, FirstIgnite transforms scientific breakthroughs into commercial successes, driving innovation by seamlessly connecting corporations and universities with user-friendly AI software. At FirstIgnite, we're committed to making a positive impact on the world.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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