Proof of Usefulness Report

GreeNovaX

Analysis completed on 2/28/2026

+39
Proof of Usefulness Score
You're In Business

GreeNovaX is a verified early-stage startup spun out of the University of Siegen (SUMMIT center) and a participant in the DAAD-funded 'GERMENAIOT' project. While the project addresses a high-utility problem (green tech/IoT) with academic backing, the submission itself contains hyperbolic and demonstrably false claims regarding traction ('most people have used my product'). The '500,000 marketcap' likely refers to grant funding or early valuation rather than revenue. The score reflects the legitimacy of the entity but heavily penalizes the lack of actual user traction and poor submission quality.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+1.00
Technical Innovation+9.75
Evidence Of Traction+2.50
Market Timing Relevance+8.50
Functional Completeness+0.25
Subtotal+40.75
Usefulness Multiplierx0.96
Final Score+39

Project Details

Project URL
greenovax.de
Description
GreeNovaX (GNX) is a German startup founded in 2023 at the University of Siegen’s SUMMIT center, dedicated to green and innovative cutting-edge technology solutions. Guided by the slogan “Green Innovative Tech (X) Made in Germany,” GNX bridges academic research and real-world market needs. We specialize in sustainable high-tech applications, e.g., IoT-enabled smart building systems, HVAC, AI-driven energy management, reliability, smart failure detection and fault diagnosis, sustainability, energy efficiency, all aimed at advancing the European Green Deal’s goals (Sustainable Development Goals). GNX combines academic excellence with entrepreneurial agility to deliver sustainable innovation in energy and building technologies. We also focus on skills training in our fields.

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