Proof of Usefulness Report

Ontario Bioscience Innovation Organization

Analysis completed on 1/26/2026

+535
Proof of Usefulness Score
Industry Mainstay

OBIO is a verifiable, established non-profit (founded 2009) with significant government backing ($9.7M grant confirmed July 2023) and a team of ~30, serving the Ontario life sciences ecosystem. While the organization's real-world utility and traction are exceptional, the specific project submission contained inaccuracies (claiming 'farming' and 'everyone' as audience) and low-quality data, which reduced the score potential. The evaluation prioritizes the verifiable external reality of the organization over the poor submission quality.

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+212.5
Audience Reach Impact+96.0
Technical Innovation+60.0
Evidence Of Traction+180.0
Market Timing Relevance+80.0
Functional Completeness+2.5
Subtotal+631
Usefulness Multiplierx0.85
Final Score+535

Project Details

Project URL
obio.ca
Description
Founded in 2009, OBIO® is a not-for-profit, membership-based organization engaged in strategy, programming, policy development and advocacy to address the needs of the next generation of companies developing innovative human health products. OBIO® supports early-stage and venture-backed life sciences and health tech companies enabling them to raise capital, hire and train industry-ready talent, facilitate the commercialization and market adoption of their technologies in health systems, and access infrastructure. OBIO® advances its mission through collaborative partnerships with industry, the investment community, academia, the healthcare system and government.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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