Proposal Form
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Write your Idea Statement about the Product/service/start-up that you plan to hatch
How is the problem being addressed in today’s world? That means how the users/customers are handling that problem currently.
Describe how your Idea/Innovation solves the problem
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Which needs of the potential customer / target user you are fulfilling, due to which experiences of the potential users are being enhanced (It should also include the reason, why you have selected this idea)
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Who are the Stakeholders / Collaborators of this idea ?
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Give the details of the profile / qualification of the team / collaborator / investor / advisor (If Any)
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What resources (Working space, Money, Infrastructure, Equipment) and capabilities (Technical, Non-technical, Managerial) are required to make this idea a success ?
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Create a demographic profile (Age, Region, Paying capacity, Gender, Culture of the potential users) for the potential users / customers / buyers of your idea / product / service.
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What you can think about the potential size / number / volume of customers / users or the targeted market size. Do you see any positive indicators around the world for this idea to be successful and any indicators that may be a challenge for your idea ?
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List out the possible competitors. How your product/service will be different. Why the existing customers of other competitors should shift to your offering.
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What else makes you think that your idea will attract / help the customers and it has a good chance to succeed ?
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Your comments on the socio-economical / environmental impact of your innovation / idea
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How long will it take for your innovation / idea to be ready for commercialization (mention in months / years) ?