Startups provide the world with new products, new solutions. Often times, this means innovation and introducing new ideas into the marketplace. Since universities have incubated new ideas for hundreds of years, it might seem only natural that they also incubate new businesses, right? (more…)
If you have a great idea for a new app or technology product but don’t have the technical skills to make it happen, you may want to consider hiring a chief technical officer (CTO). A skilled coder or engineer can develop the product according to your specifications and ensure that it gets built right the first time, saving the time and expense of correcting mistakes later on.
Great businesses sell great products. Great products come from great ideas. Great ideas are formed by starting with a problem to solve. So how do you build a great business? Start with a problem to solve.
Accidental success? Dr. Spencer Silver, a scientist at 3M, created the Post-it® Note kind of by accident. He was attempting to develop a better adhesive, but the sticky substance behind the Post-it® Note didn’t hold well, so he persistently looked for another use for his invention. It wasn’t until he was practicing with his church choir that he realized that the sticky substance helped to keep a bookmark in place – and so the Post-it® Note was born. Finding a use for the adhesive was the real problem he had to solve, and now his product generates about $1 billion annually!
Spillover solutions. Some problems are addressed by observing similar problems that already have solutions. Take GPS, which was first developed by the U.S. military in the 1960s to track submarines carrying nuclear missiles. It’s now the technology that your smartphone uses to track your way to a new restaurant.
The right solution for the right problem. Henry Ford didn’t invent the automobile, just the way to make them affordable for the masses. John Wesley Hyatt was looking for a cheap substitute for ivory billiard balls when he invented the process for making celluloid, the first practical artificial plastic. Wilson Greatbatch used the wrong electrical resistor in his heart-recording prototype and soon realized he’d created the first implantable pacemaker. What all of these inventors have in common is that they found the right solution for the right problem. And while they might have solved more than the original problem they first considered, they ultimately started with a keen focus on one problem and its solution.
The Founders of Ideator have worked on a wide variety of businesses, from medical devices to software consulting to microbreweries and from concept to IPO. Through our experience, we have come to understand the difficulty many people have getting their great ideas in front of the experts who can help them to succeed. We believe that’s a problem worth solving.
That’s why Ideator is building an online business incubation platform where members can cultivate business ideas through best practices guidance, a community of experts, and a directory of resources that range from service providers to sources of capital. When ready, members may entertain offers to sell their business ideas or to receive funding and launch. We’re democratizing business incubation and striving to empower global innovation and entrepreneurship.
No longer will great ideas be held back from development due to geography, industry, stage, or other constraints created by traditional business incubator or accelerator programs. We welcome you to take a tour of Ideator and see just how easy it is to share an idea, build a team, and succeed. While you’re at it, sign up to request access for the product launch. There are many great things coming and we hope you’ll be a part of it!