Readiness Assessment

Where your venture stands across ten areas, and what to work on next.

Rate each area from 0 (not started) to 5 (market-ready). Where you have used other Seaweed Economy tools, a suggested rating appears with the reason; accept it or choose your own. Your ratings are saved in this browser and used across the site, including in your Readiness Report and the Go/Pause/Pivot check.

There is no single score. Three areas are critical: Seaweed supply, Regulation and safety, and Economics and finance. A gap in any of them holds back your overall stage, however strong the rest is, because each one can stop a sale on its own.

Not started or early (0 to 1)In progress (2 to 3)Ready for buyers (4 to 5)

Your venture

Is it clear what you are building, for whom, and what you are trying to achieve next?

You can describe the product or service and who it is for in one or two sentences.
You know your current stage and your immediate objective.

Where is your venture today?

0 or 1: Others will struggle to understand the opportunity. Clarify it before approaching buyers or funders.
2 or 3: The idea is clear, but the next objective or the customer is still loose.
4 or 5: Anyone can grasp what you do and what you need next.

Product and technical

Is the product defined, tested and repeatable?

The product is past concept: you have a prototype, pilot batch or commercial product.
Shelf life, safety or performance has been tested.
Batches come out the same, and the product stands out from alternatives.

Where is product and technical today?

0 or 1: Buyers cannot evaluate a product that is not yet defined or tested.
2 or 3: The product exists, but testing or consistency is still being proven.
4 or 5: The product is tested and repeatable, ready for buyer samples.

Seaweed supply

Critical

Is your seaweed supply reliable, traceable and able to grow with you?

You know the species and where it comes from.
Your supplier can deliver the volume and quality you need, with a backup.
You have ingredient specifications (moisture, microbes, heavy metals).

Where is seaweed supply today?

0 or 1: Without dependable supply you cannot promise volume to a buyer. This is a critical gap.
2 or 3: Supply exists but is not yet secured, specified or backed up.
4 or 5: Supply is secured, specified and backed up.

Regulation and safety

Critical

Do you know your regulatory pathway, and is it underway?

You know which pathway applies (food, natural health product, cosmetic, feed, fertilizer).
Labels and claims have been checked against the rules.
Required applications or notifications are submitted.

Where is regulation and safety today?

0 or 1: You may not be allowed to sell yet. This is a critical gap that can stop a launch.
2 or 3: The pathway is known, but approvals or label checks are still open.
4 or 5: Approvals and labels are in order for your first market.

Economics and finance

Critical

Do you know your costs and prices, and does each sale make money?

You know your full cost per unit, including packaging.
You know your break-even price and your margin in your main channel.
Your cash needs until first sales are covered.

Where is economics and finance today?

0 or 1: You do not yet know whether each sale makes money. This is a critical gap.
2 or 3: The numbers are known but the margin is thin or untested.
4 or 5: Each sale makes a healthy margin in your main channel.

Customers and market

Do you know who buys, and have real buyers confirmed interest?

You know your first channel and the specific buyer in it.
Buyers have tried the product, asked for samples, or written letters of interest.
You have tested what buyers will pay.

Where is customers and market today?

0 or 1: You are guessing who will buy. Talk to buyers before spending more on the product.
2 or 3: You know your buyer, but interest is not yet confirmed in writing or orders.
4 or 5: Real buyers have confirmed interest, price or orders.

Operations and infrastructure

Can you produce, store, ship and support the volume your buyer needs?

You can produce at your target channel's volume, or know who will.
Packaging, storage, shipping and quality records are in place.
Facilities and equipment you depend on are available to you.

Where is operations and infrastructure today?

0 or 1: You could not fill a real order yet. Plan production, storage and shipping.
2 or 3: Operations work at small scale but would strain with a large order.
4 or 5: You can fill and ship orders at your target volume.

Team and governance

Do you have the people, decision-making and ownership clarity to deliver?

Roles and decision-making are clear.
Ownership and legal structure are settled, including any community or Nation mandate.
Advisors or partners fill the skills you lack.

Where is team and governance today?

0 or 1: Funders and partners will ask who decides and who delivers. Clarify this early.
2 or 3: The team exists, but roles, ownership or key skills have gaps.
4 or 5: Roles, ownership and skills are clear and documented.

Progress and partnerships

What have you already achieved that proves the venture can work?

Pilots, sales, repeat orders or revenue.
Signed suppliers, buyers or strategic partners.
Grants won or programs completed.

Where is progress and partnerships today?

0 or 1: There is little proof yet. Small pilots and letters of interest change this quickly.
2 or 3: Some proof exists, such as a pilot or a partner, but not yet sales.
4 or 5: Sales, repeat buyers or strong partnerships show it works.

Impact and community

Can you state and back up the environmental and community value you create?

You can name the environmental or community benefit and its limits.
Claims are evidence-based, not overstated.
Community or Nation relationships and benefits are agreed, where relevant.

Where is impact and community today?

0 or 1: Impact is unstated or unproven. Many funders will ask about it.
2 or 3: Impact is stated but not yet backed by evidence or agreements.
4 or 5: Impact is clear, evidenced and agreed with the communities involved.

0 of 10 areas rated

Rate all ten to see your results. Your ratings are saved as you go.