Proof of Usefulness Report

Proxmed Pty Ltd.

Analysis completed on 2/16/2026

+38
Proof of Usefulness Score
You're In Business

The submission describes 'Proxmed,' a verifiable Australian entity (ABN 63 659 499 359) established in 2022, focusing on clinical data management. However, the submission quality is critically low, containing demonstrably false claims (e.g., 'most people have used my product' and an audience of 'everyone' for a niche B2B medical platform). While the underlying business appears legitimate with a professional web presence, the discrepancy between the submission's exaggerated claims and verifiable reality (unfunded, early-stage) results in a low score.

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Score Breakdown

Real World Utility+65
Quality Factor Utility+1
Audience Reach Impact+20
Quality Factor Reach+0.5
Technical Innovation+45
Quality Factor Innovation+1
Evidence Of Traction+10
Quality Factor Traction+0.5
Market Timing Relevance+60
Quality Factor Timing+1
Functional Completeness+20
Quality Factor Response+1
Subtotal+33.25
Usefulness Multiplierx1.15
Final Score+38

Project Details

Project URL
Description
Proxmed provides the platform for research data management platform. The platform is capable of data curation, aggregation and collaboration.

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