The concept or idea for a startup refers to the underlying concept or innovation that forms the basis of a new business venture. It is the unique value proposition, product or service idea, or technological breakthrough that sets the startup apart from existing competitors in the market. The concept is often the result of identifying a gap or inefficiency within a particular industry or market and finding innovative and disruptive solutions to address it. Successful startups are built on strong concepts that provide genuine value to customers, solve real-world problems, and have the potential for scalability and growth.
This mind map was published on 7 September 2023 and has been viewed 86 times.