Startup Ideas are NOT Inspired on the Spur of the Moment!

Startup Ideas are NOT Inspired on the Spur of the Moment!

A recent worldwide internet research project covered 140 successful startups, aiming to determine the exact mechanism by which startup ideas are created. The research showed that in 95% of cases, startup ideas are triggered by actual events and factors on the ground, rather than brainstorming, reflection or an "AHA" moment. The circumstances leading to a startup idea can include coincidences, personal experiences, finding a gap in the market, domain expertise, opportunities in a specific industry, and a strong drive to start a business. The research highlights that finding a startup idea is not a straightforward process and recommends improving networking, engagement with the environment, and combining creativity with research for the best chance of success.

View

More Innovation Resources:

Amdocs Shapers: Bringing Breakthrough Ideas to Life

Amdocs Shapers: Bringing Breakthrough Ideas to Life

Discover how Amdocs’ Shapers program turned 18 employees' big ideas into millions of dollars in revenue with a unique co-creation process and 9-month sprint.

View

How to Boost Company Innovation with Crowdsourcing

Crowdsourcing is a powerful way for businesses to accelerate innovation by inviting groups to solve a common problem. This article shows the benefits, potential pitfalls, and five simple steps to crowdsourcing innovation.

View

Design Thinking Courses In India

Design Thinking courses in India are gaining popularity for their human-centric approach towards problem solving. MIT ID Innovation offers a 1-year Design Thinking Program which is a perfect amalgamation of essential domains - Technology, Design, and Business.

View