Proof of Usefulness Report

Lite-1

Analysis completed on 2/3/2026

+65

Proof of Usefulness Score

You're In Business

Lite-1 is a legitimate Vancouver-based biotech startup developing sustainable microbial dyes, with verified funding (~$600k) and awards (TELUS, C2V). However, the submission itself contains significant inaccuracies, claiming 'everyone' as the audience and 'most people have used my product' for traction, which is demonstrably false for a B2B pilot-stage company. The project holds high technical innovation and utility potential, but the score is heavily penalized by the low-quality, deceptive input data regarding traction and reach.

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Score Breakdown

Real World Utility+27.00

Audience Reach Impact+2.00

Technical Innovation+16.20

Evidence Of Traction+5.00

Market Timing Relevance+9.00

Functional Completeness+0.25

Subtotal+59.45

Usefulness Multiplierx1.10

Final Score+65

Project Details

Project URL

https://www.lite-1.bio/

Description

Lite-1 partners with nature to manufacture the building blocks of tomorrow’s clean high-performance colour. Our fundamental goal is to transform the dye industry from one of the most polluting industries to a clean, healthy industry. Using microorganisms as factories of the future; Lite-1 grows the new generation of sustainable high-performance dyes in a closed circular system. Our unique biotech platform allows industry players to prototype different variations of microbial dyes that fit into their needs.

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