I propose to build an idea incubation platform, where people with complementary skills build a team, become owners of an idea and build a viable proof-of-concept. Once an idea is incubated to this stage, it can benefit from the existing business acceleration and funding solutions. My idea aims at unleashing the potential of creative projects that has been staying latent.
One Page Summary
I propose an idea incubation platform, which enables self-starters to innovate and incubate ideas. It targets self-starters and enables them to transform their ideas into viable proof-on-concepts, which is an essential stage before building a business. Proof-of-concept includes a technical solution, a business plan and initial revenue generation. My proposal requires the least amount of supervision to projects because it expects that entrepreneurs mature their ideas based on own collaborative work. Least amount of supervision to projects is a key, because even though creative ideas might be abundant, what gives them potential for success is the drive of the people who are working on them.
My proposal is inspired by the dynamism of the American economy, which symbolically is based on projects born in garages. Google, HP, Apple, Facebook are examples of companies which were born in garages or dorm rooms. One common characteristic these companies have is that they were co-founded by a group entrepreneurs with complementary skills. Apple was co-founded by a visionary entrepreneur (Steve Jobs), an electronics engineer (Steve Wozniak) and a designer (Ronald Wayne). Facebook was co-founded by two programmers (Mark Zuckerberg and Dustin Moskovitz), a graphic artist (Andrew McCollum), a business developer (Eduardo Saverin) and a marketing expert (Chris Hughes). The co-founders of Twitter consisted of a web-developer (Jack Dorsey), a software developer (Noah Glass), a software developer and marketing specialist (Evan Williams), and a creative director (Biz Stone). These examples demonstrate how important it is to have complementary skills on-board, for transforming an idea into a success story. Finding entrepreneurs with complementary skills to cooperate is challenging though. It's necessary to have an environment which facilitates entrepreneurs to meet, form teams and work together. My solution proposes building such an environment for local entrepreneurs, to help them unleash their potential that has been confined in garages and private study rooms.