Proof of Usefulness Report

Ikic Impact Ventures

Analysis completed on 2/9/2026

+251
Proof of Usefulness Score
Gaining Momentum

The project 'IKIC Impact Ventures' (submitted as 'FrostFang') is a verified Belgian startup providing passive cold chain solutions for low-resource settings, backed by partnerships with Colruyt Group and Enabel. However, the submission itself is of very low quality, containing false user claims ('most people have used my product') and irrelevant fields ('FrostFang'), which heavily penalized the Audience Reach and Response Quality scores. Despite the poor submission, the underlying technology (PCM thermostatic batteries) and social impact mission drive a solid 'Small but promising' score.

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Score Breakdown

Real World Utility+150.0
Audience Reach Impact+5.0
Technical Innovation+90.0
Evidence Of Traction+6.25
Market Timing Relevance+60.0
Functional Completeness+2.5
Subtotal+313.75
Usefulness Multiplierx0.8
Final Score+251

Project Details

Project URL
Description
IKIC Impact Ventures BV is a Belgium based start-up focused on delivering cold chain solutions to low resource settings around the world. Our goal is to generate positive societal impact in an economically sustainable and scalable way, in line with the United Nations Sustainable Development Goals. At IKIC, we specialize in offering smart passive cold chain solutions in the first and last mile of the supply chain for the agri-food and health sectors. Our solutions are especially effective in low-resource settings where access to energy is unreliable, and for mass, decentralized low-volume transport where electronic equipment becomes too expensive. Our innovative passive cooling technology consists of thermostatic batteries, which are stainless steel casings containing a phase changing material. This allows for a more stable and predictable cooling environment for temperature sensitive products. Using smart IoT devices, the key aspects of the supply chain are monitored. Users can consult the remaining cold chain duration and be alerted in case of cold chain disruption. Our state-of-the-art technologies are licensed to IKIC through an impact license obtained from the technology holders. In the impact licenses the agreements and purposes for which IKIC can use the technologies are stipulated. This allows us to improve and to commercialise our solutions in low and middle-income countries in accordance with agreed impact domains. Learn more about impact licensing. Our interdisciplinary team brings together expertise in intellectual property, social entrepreneurship, and global public health. We are committed to designing and implementing go-to-market strategies and soft infrastructure to achieve successful valorisation.

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