Biz Questions from Alph Lab

==AlphaLab Application==
Please complete all of the required fields below.
==Product/concept and Market==
===1.) Please provide a brief description (2-3 sentences) of your company and product/concept.*===
===2.) Please provide a more detailed description of your company and product/concept. What is new or unique about it?*===
===3.) What problem(s) is your product/concept going to solve? How do you know there is a problem(s)?===
(include market trends, data, etc.)*
===4.) What one thing about the initial version will get early customers/users excited about it?*===
===5.) Who do you envision using your product?*===
===6.) Who are your potential competitors? Why are you better than them?*===
===7.) How do you plan to make money from your product and when do you anticipate generating revenue?*===
==Technology==
===8.) Describe the system architecture and the toolsets you plan on using to develop the product (e.g. operating environments, languages, databases, etc.).*===
===9.) What is your anticipated timeline for developing your product during the five month program (include prototype, alpha, or limited beta test, if applicable)? Can you describe your plans for gathering user feedback during AlphaLab? Do you own the rights to your technology?*===
===10.) What do you anticipate to be the most challenging technical hurdle(s)?*===
==Team==
===11.) List all of the team members' names, education, work experience, and accomplishments.===
Please note if your team has previous history working together and describe the project/work 
context. Upload team resumes here and save the files in the following format: Last Name_First Name _ Resume.doc or .pdf (Example: Smith_Mary_ Resume.pdf).*
File limited to .zip, .doc, .docx, .ppt, .pptx, .xls, .xlsx, .pdf
===12.) Please describe each team member’s expected role during AlphaLab and how their background is applicable. What other commitments (e.g. employment, consulting, school/education, etc.) do the founders have during the duration of the program, if any?===
Please provide as much detail as possible, including timing/hours of said commitments.
=== 13.) Will every member of the team have employment authorization to work and/or manage the new company should it be selected into the AlphaLab program?===
If no, please explain. 
If yes, what is the form of employment authorization? 
(Please provide details for each team member, i.e., US citizen, permanent resident, employment authorization, H-1B status, etc.)
==Current Status==
=== 14.) Describe the progress you have made to date on your product, including the stage of product development (e.g. lines of code, functionality, built prototype) and any interaction with potential customers/users.*===
===15.) What else would you like us to know about you and your company?===
Please include relevant references or links or upload any additional documents here and save the files in the following format: Last Name_First Name_Type of Supplemental Material.doc or pdf or ppt or xls (Example: Smith_Mary_ Executive Summary.doc).
Category:4Rs