Proof of Usefulness Report

SSN IFound

Analysis completed on 2/16/2026

+246
Proof of Usefulness Score
Gaining Momentum

SSN iFound is a verifiable and legitimate startup incubator associated with SSN College of Engineering and partnered with IIT Madras Incubation Cell. However, the project submission itself is of very low quality, featuring hyperbolic claims ('most people have used my product', 'audience: everyone') and an informal username. While the organization has genuine regional utility and a growing portfolio of incubated startups, the submission's lack of precise metrics and exaggerated reach significantly dampen the score. The 'marketcap' figure is ambiguous (likely INR 25L grant pool or similar), indicating early-stage financial scale.

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Score Breakdown

Real World Utility+120.0
Audience Reach Impact+5.0
Technical Innovation+30.0
Evidence Of Traction+60.0
Market Timing Relevance+70.0
Functional Completeness+5.0
Subtotal+290
Usefulness Multiplierx0.85
Final Score+246

Project Details

Project URL
Description
SSN iFound – Enabling Startup Transformations SSN iFound is a startup incubator committed to nurturing early-stage ventures by providing structured mentoring, access to funding, and industry connections. Our incubation model is designed to facilitate three key transformational journeys for startups. Lab-Scale Product to Market-Ready Product Many startups struggle to move from a research prototype to a scalable, commercially viable product. Through technical mentoring, we connect founders with industry experts, R&D labs, and prototyping facilities to refine and validate their innovations, ensuring they meet industry and customer requirements. Raw Startup to Commercially Viable Business A strong business foundation is essential for growth. Our business mentoring program helps founders validate their business model, identify market opportunities, define revenue streams, and build a scalable strategy. Startups gain insights into customer acquisition, pricing strategies, and operational efficiency to enhance sustainability. Innovative Business Model to Investment-Ready Business Securing funding is a critical challenge for startups. Our fundraising mentoring prepares founders for investor engagement by structuring their financial models, refining pitch decks, and facilitating direct investor connects. Startups receive guidance on grant applications, equity structuring, and fundraising strategies to accelerate growth. Additional Programs at SSN iFound Student Entrepreneurship Program – We nurture student entrepreneurs through bootcamps, ideation workshops, and mentoring, equipping them with essential entrepreneurial skills. Co-incubation Partnerships – By collaborating with industry partners and other incubators, we extend mentorship and funding opportunities to startups. Grant Support and Equity-Based Incubation – We assist startups in securing government and private sector grants while offering structured incubation support in exchange for equity.

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