A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential. Some startups become unicorns; that is privately held startup companies valued at over US$1 billion.
Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by some estimates, three years or longer), and hence sustaining effort is required. Over the long term, sustaining effort is especially challenging because of the high failure rates and uncertain outcomes. Having a business plan in place outlines what to do and how to plan and achieve an idea in the future. Typically, these plans outline the first 3 to 5 years of your business strategy.
Models behind startups presenting as ventures are usually associated with design science. Design science uses design principles considered to be a coherent set of normative ideas and propositions to design and construct the company's backbone. For example, one of the initial design principles is "affordable loss".
Cycling has always been a “go-to” exercise for many people across the world. Bikes are cheap, plentiful and varied to suit different needs. One issue, however, is that bikes provide a more limited workout than elliptical machines. This explains why tens of thousands of people have already made the switch to ElliptiGO and its range of innovative Elliptical Bikes.
The changing nature of city life and the changing demands of residents has helped to spark a revolution in automotive development. As governments around the world commit to electrification of cars and other vehicles, the market for true “urban space” mobility is increasing. One of the top contenders in this now competitive field is City Transformer, an electric vehicle that is so much more than meets the eye.
If you’re tired of washing out dirty pet water bowls, or the limitations of currently available electric water dispensers for pets, then you really need the Drinkie self-cleaning pet water dispenser from Cheerble. We’re sure you’ve never seen a pet water bowl quite like this one, with truly smart features and even the ability to help improve your pet’s health.
Big-screen TVs are common in most homes these days, especially of the wall-mounted variety. But for those who like the minimalist aesthetic, a big screen hanging on the wall and commanding and dominating the room draws attention away from anything else present. For those who like the big, bright screens for entertainment but don’t want their domineering presence, C SEED has been hard at work in producing just the solution for this conflict with their foldable and retractable televisions.
‘Riding in the sun’ has a whole new meaning with the brand new travel experience offered by The Sunox Screecher. This environmentally friendly pedal propelled, and solar power-assisted four-wheeler is the newest way in which to transport yourself around. And before you think it can’t pull its weight or yours, think again! The lightweight Screecher can accelerate from zero to 15 mph in just five seconds.
The Lopifit electric walking bike is an electric assisted treadmill and bike combined – an innovative way of moving and exercising. It was invented in the bicycle capital of the world – The Netherlands. The objective was to enjoy the outdoors while exercising (not in the gym). Lopifit offers excellent low physical impact, high cardio exercise while you commute – with the breeze in your hair and the sun on your face.
There have been numerous attempts to create transportable apartments. Various models of motorhomes have been designed and they have enjoyed different levels of acceptance. However, none of the existing transportable apartment models is as daring as the ioCamper, the latest innovation that is set to change the face of transportable apartments.
Much like how the disposable shoe cover machine gave you instant covers on the bottom of your shoes for walking around indoors while keeping the floors clean, these step-in shoe covers give you instant shoe covers just by stepping on them. But what makes these different are that they’re fully reusable, and you don’t need a giant heavy machine!
Statistics from the US Federal Bureau of Investigation reveal that an estimated 1.5 million bikes are stolen in the United States every year. This shows an upward trend in the number of bike theft cases, despite the general decline in property theft. The reasonable conclusion is that bike manufacturers are not paying enough attention to the security of their products.
Lifting and transporting heavy equipment is a challenge that is constantly faced by large constructing and manufacturing firms and logistics companies alike. While there are a number of solutions that hope to address this challenge, many of them come with one glaring shortcoming or the other. The Self-Propelled Modular Transporter is a daring attempt to revolutionize the field of heavy lifting and transport.
Three engineering students were gathered together discussing the possible designers of the human body. One said, "It was a mechanical engineer. Just look at all the joints."
Another said, "No, it was an electrical engineer. The nervous system has many thousands of electrical connections."
The last said, "Actually it was a civil engineer. Who else would run a toxic waste pipeline through a recreational area?"