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Idea validation as a service. How would it work?

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Darko Savic
Darko Savic Mar 17, 2022
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Imagine that you set out to provide idea validation as a service. People would come to you with their ideas and expect to find out:
  • whether their idea would work as they envision
  • what they are missing
  • how to go about making it a reality
How would such a service work?
How would you keep biases at bay? If Satoshi Nakamoto came to you with the idea of Bitcoin replacing national currencies, how would your service not tell him that it will never work?
service ideasideas
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Creative contributions

A variety of experts

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Povilas S
Povilas S Mar 17, 2022
One point I can make is that you'd have to have many experts from different fields to test a variety of different ideas. They couldn't guarantee that the idea will work in practice 100% or even that it won't work, but if you came to the expert of a certain field, who has a broad and deep enough knowledge and practice, with an idea directly related to that field, I assume he/she would be able to tell you pretty well what your idea is missing, which main steps you should take to approach realizing it and what are the approximate odds for its success.
Get a second and third opinion from different, unrelated experts of the same field to paint a general picture.
So connect the experts willing to participate in such idea validation business through a dedicated network (online or otherwise), pay them enough, build an infrastructure to conveniently consult customers with their ideas, and there you have it.
As J. Nikola noted, you can't be sure unless you test the idea in practice, but that would perhaps be as close as you can get before testing in practice.
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jnikola
jnikola3 years ago
I wanted to write basically the same thing. Things you need are 1) well-paid experts, 2) serious ideators, and 3) a communication and networking platform.
As Povilas S maybe wanted to hint, seems like the Brainstorming platform could be the one for communication and networking. What we need is a bunch of well-paid experts, ideators, and maybe some other random people with great ideas and suggestions :)
Darko Savic how could we make the platform interesting for serious ideators? Maybe we should give professional idea validation services, like checking the background, competitors, market, media of communication, the validity of the know-how, and similar things? For the beginning, maybe we could just give a great dynamic and collaborative document with current similar ideas on the market and learn from their mistakes?
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Darko Savic
Darko Savic3 years ago
J. Nikola yes this would be a fitting service to establish in the distant future when we solve all our current problems:)
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Evaluating Intellectual Property proposition of an idea during Idea validation

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Aashi Agarwal
Aashi Agarwal Mar 19, 2022
I work in the Intellectual Property Domain and it is common for Universities and industry giants to approach us to check the novelty of their idea in the nascent stages of ideation. I believe it is feasible for small businesses as well, to not only primarily test the demand for their solution in the market, but also the possibility of obtaining patent protection and risk of infringing on another's intellectual property rights while putting the idea into practice.
The idea validation service could also offer the following:
  • Novelty/Uniqueness check- There is no point in offering services or products which already exist in the market, without any value addition. While carrying out Novelty searches, it might lead one to figuring out the plausible USP of their product which could set them apart from all competitors in the market.
  • Freedom to Operate (FTO) search- While an idea may be novel and patentable, it does not mean that the patented product can be put to practice without infringing someone else's IP rights. FTO searches help in clearing obstacles to commercialization by identifying whether patent purchase, patent licensing or patent pooling might be necessary for commercialization of the idea/invention.
  • Competitive Intelligence- collecting actionable information on competitiors, market size, market shareholders, customers etc. that can help businesses in deciding how they want to position their product/service.
  • Regulatory requirements- identifying legal hurdles that may arise during commercialization of the product/service so that they are designed to comply with the law of the land to avoid setback at a later stage.
I suggest offering services like the ones mentioned above, bundled with opportunities for Alpha/Beta testing and expert feedback to ensure a sound evaluation of business ideas.
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General comments

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jnikola
jnikola3 years ago
The only idea I have is the service that actually tests the idea on the market. I described the idea in this session. The main drawbacks are:
  • a huge complexity of the proposed system that should be capable of gathering and processing all the information regarding the market, economics, psychology, customers, and others
  • still not the real thing
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