Necessity is the mother of invention.
Focus first on the value that could be delivered to solve the target customer’s problems.
Do the customer need your new solution and would they pay for it?
A business model would determine whether your idea is an extension of a personal hobby or is a viable profitable business.
The issue is not about the lack of resources, but the lack of resourcefulness.
The more radical and disruptive an innovation is, the more funds is needed to develop and market it.
It is important to involve the right types of strategic investors at the right growth stage of the company.
Obtaining investments is obtaining trust. Therefore, uphold best-practice for both corporate governance and accounting standards.
How do we invent today for the future?
At InQBay, we are certified TRIZ practitioners. As an inventive problem-solving methodology, TRIZ enables us to solve current design problems and predict upcoming technologies across any industry.
It is the same methodology used by Fortune 500 companies such as Intel, Samsung, Procter & Gamble, Boeing, Siemens and General Electric in developing innovative products and processes that are worth billions of dollars.