Reiterating the Need for Neutral Moderation of Innovative Ideas Submitted for Start-up Funds

In August 2016, apprehensions on the fate of ideas that get rejected by start-up funding agency were discussed  
(http://envinfoiiitmk.blogspot.in/2016/08/what-happens-to-rejected-ideas.html).

Well today, I happened to hear straight from the horse’s mouth that out of a staggering 1200 ideas submitted to a multi-national company by budding entrepreneurs; they selected 6.  This pegs the success rate at an abysmal 0.005 %.

It is too obscure to believe that 99.995 % of ideas submitted are not worthy enough.  

This re-emphasizes the need of neutral external moderation.

The quoted statistics were spilled by the company's representative who was at IIITM-K, Trivandrum today.