Proof of Usefulness Report

Insolvency Law Academy

Analysis completed on 2/9/2026

+40
Proof of Usefulness Score
You're In Business

The Insolvency Law Academy is a verifiable, legitimate think tank and research institution based in India, actively hosting its 4th Annual Conference in 2026. However, as a submission for a 'technology project' evaluation, it scores poorly due to: (1) Minimal technical innovation (it is a service/event organization, not a tech product); (2) Significant quality issues in the submission data (e.g., the placeholder name 'BlazeKeeper', falsely claiming 'everyone' as the audience, and the implausible traction claim that 'most people have used my product'); and (3) Lack of verifiable revenue data relevant to a tech valuation. While the organization has real-world utility in the legal sector, the submission fails to demonstrate the specific criteria required for a high Proof of Usefulness score in a technology context.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+18.75
Audience Reach Impact+3.00
Technical Innovation+1.50
Evidence Of Traction+7.50
Market Timing Relevance+5.00
Functional Completeness+0.50
Subtotal+36.25
Usefulness Multiplierx1.10
Final Score+40

Project Details

Description
Insolvency Law Academy is an institute of excellence in insolvency. An independent think tank and research institution, ILA contributes to robust and evidence-based policy making and enhancement of professional and ethical standards in the insolvency industry through cutting-edge research, innovation and development of best practices. Over the period of three years, the ILA Annual Conference has emerged as a distinguished forum in the insolvency sector, drawing wide recognition and participation. ILA is pleased to host the 4th Annual Conference from Saturday, 24th January to Monday, 26th January 2026 at Ramoji Film City, Hyderabad, India.

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