How To Find Innovative Ideas

Every startup journey begins with an concept. Because of this in response to the Startup Genome Challenge, the primary part within the technique of constructing a startup known as the discovery phase. That is the part during which you discover an issue price fixing and an answer match to do the duty.

On this article, we’ll talk about the right way to effectively give you helpful, viable startup concepts.

1. Concepts Are Found, Not Generated

It isn’t a broadly identified truth, however a big a part of the revolutionary innovations in historical past was made independently by two or extra inventors (or teams of individuals) on the identical time. A examine by Ogburn and Thomas in 1922 managed to provide a listing of 148 innovations for which this was the case.

For instance, not less than 23 different folks construct prototype gentle bulbs earlier than Thomas Edison, and a few of them led a authorized battle in opposition to him for patent rights. One other instance is the case of Newton and Leibniz, who invented calculus independently of one another. The listing of Ogburn and Thomas contains innovations just like the telescope (invented independently by 9 folks), the telegraph (5 folks), the steamboat (5 folks), the conservation of power (4 folks), and lots of others.

This isn’t a coincidence – concepts develop within the head of individuals, however they require fertile soil – an atmosphere with the suitable situations. The explanation for the phenomenon of simultaneous invention is that related situations give delivery to related concepts.

Due to this, an important sensible recommendation if you wish to generate worthwhile concepts is to discover a fertile atmosphere (ideally a brand new technological subject) and get your arms soiled.

Producing concepts in a vacuum is harmful. In keeping with Paul Graham (founding father of Y Combinator), “it would not merely yield few good concepts; it yields unhealthy concepts that sound believable sufficient to idiot you into engaged on them”.

So, as a substitute of attempting to consider startup concepts, you need to get entangled in lively communities. Speaking and creating there may be what would expose you to worthwhile insights resulting in the invention of worthwhile concepts.

2. Focus On Utility Quite Than Novelty

Not all the pieces new has worth.

As per Wikipedia, “Innovation is the sensible implementation of concepts that outcome within the introduction of latest items or providers or enchancment in providing items or providers.”

That is necessary as a result of, within the context of enterprise, innovation just isn’t synonymous with novelty. It requires you to have one thing new and unique on the provision facet, but in addition some type of adoption on the demand facet.

Innovation is on the coronary heart of startups – it’s what makes them worthwhile. Merely novel concepts usually are not innovation.

Concepts turn out to be revolutionary solely as soon as they’ve confirmed to be viable and worthwhile. That’s the reason an important factor you’ll want to do on your concept is to validate it.

Earlier than you decide to an concept attempt to discuss to potential clients, and even attempt to presell it. This can enable you to discard your much less viable concepts shortly – killing unhealthy concepts earlier than you’ve spent loads of time and sources on them is without doubt one of the greatest methods to search out the one concept worthy of your time, effort, and sources.

In abstract, to search out good startup concepts, you’ll want to get right into a fertile floor for innovation, get your arms soiled, and check your entire concepts in opposition to actuality with the intention to discard the unhealthy ones.