Proof of Usefulness Report

NGenius

Analysis completed on 2/26/2026

+32
Proof of Usefulness Score
You're In Business

NGenius appears to be a genuine IoT consultancy and venture studio (ngenius.co) focused on logistics and asset tracking, evidenced by its participation as a finalist in the ITS European Congress 2022. However, the submission quality is extremely low, containing verifiable falsehoods (e.g., claiming 'most people have used my product' and 'everyone' as the audience). The revenue metric ('marketcap: 500000') is ambiguous, likely referring to a pre-seed valuation rather than revenue. While the underlying business sector (IoT Logistics) is highly relevant, the project lacks verifiable mass traction, and the submission fails to articulate specific technical differentiators beyond general industry terms.

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Score Breakdown

Real World Utility+55
Real World Utility Quality Factor+0.8
Audience Reach Impact+10
Audience Reach Impact Quality Factor+0.5
Technical Innovation+45
Technical Innovation Quality Factor+0.8
Evidence Of Traction+30
Evidence Of Traction Quality Factor+0.5
Market Timing Relevance+65
Market Timing Relevance Quality Factor+1
Functional Completeness+10
Response Quality Quality Factor+0.5
Subtotal+27.9
Usefulness Multiplierx1.15
Final Score+32

Project Details

Project URL
Description
nGenius works with seed and pre-seed startup companies creating disruptive wireless technologies (IoT, IIoT, LPWA, LP-S2S) for asset tracking, freight logistics and supply chain management. We prefer to co-invest with other angel investors or investment syndicate.

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