Proof of Usefulness Report

MindFx Limited

Analysis completed on 2/8/2026

+20

Proof of Usefulness Score

You're In Business

The submission describes 'MindFx Limited', a legitimate Australian charity for young adult mental health, but the input data contains significant contradictions and false claims. The project name 'StarFang' appears to be a user handle or unrelated slot game reference. Traction claims ('most people have used my product', 'marketcap: 2500000') are demonstrably false for a single Brisbane-based center that was fundraising for launch in late 2021. The project has high social utility but minimal technical innovation and the submission quality is extremely poor.

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Score Breakdown

Real World Utility+70

Audience Reach Impact+20

Technical Innovation+10

Evidence Of Traction+20

Market Timing Relevance+60

Functional Completeness+10

Subtotal+20.25

Usefulness Multiplierx0.98

Final Score+20

Project Details

Project URL

mindfx.com.au

Description

MindFx will provide a centre-based, community response to best practice integrated person-centred services for young adults (18-27 years old) who have had a lived experience of mental illness and the families and carers supporting those persons. Our first centre in Brisbane is almost ready for opening. MindFx Limited is an Australian Public Company that is registered with the Australian Charities and Not-for-profits Commission (ACNC) and is endorsed as a deductible gift recipient (DGR).

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