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.
Actions
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.
Design principles
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".
BICAR: Three-wheeled electric scooter can operate using only solar power
Sustainable commuting appears to be one of the most critical challenges of this age. Urban dwellers are in dire need of an environmentally friendly alternative to cars, but most of the available options have glaring limitations. The BICAR is an innovative, emission-free mobility device that does not compromise the comfort, safety, or relative privacy that comes with individual mobility. Produced from scratch with sustainable materials, BICAR hopes to put an end to wasting many hours in traffic as well as the endless search for parking spots.
Banala Lite: Smart sleep-cycle-inducing system uses isochronic sounds
It is common knowledge that sleep plays a vital role in maintaining health and wellness. Yet, sleep disorders are among the most common health problems all over the world. According to the American Sleep Association, about 70 million American adults have a sleep disorder. Among these sleep disorders, insomnia is the most common. These people are left at the mercy of diverse short- and long-term complications of insomnia.
Pop ‘N Go Playpen: Portable tent for babies, toddlers or pets
For many people, there’s nothing more rejuvenating than quality time out on the beach. If you are lucky enough to find a tranquil spot, the level of relaxation you’ll enjoy is almost unmatched. And if you’re a lover of the chaos that’s commonplace in popular beaches, the summer and spring must be your favorite periods in the year.
Grappler Police Bumper Can Safely End High-Speed Chases
High-speed car chases can be dangerous, but they might finally come to a quick end thanks to a new device called the Grappler Police Bumper. The Grappler mounts to the front of police pursuit cars. It is deployed by the push of a button and ends a car chase right in its tracks, safely and securely. It shoots out a “Y” shaped heavy duty net, which is maneuvered under the rear tire of the fleeing vehicle. The net wraps around the rear wheel and axle of the suspect’s vehicle, and brings it to a stop while destroying the tire.
Holmatro Door Blaster for Breaching Doors Quietly and Safely
The Door Blaster by Holmatro offers a quieter, safer alternative to explosives. This new type of door opener works as fast as explosives, without the disadvantage of flying debris. Quick installation and noiseless remote activation within seconds make the Holmatro Door Blaster extremely suitable for use in stealth operations. Connected to a pump in a practical backpack, the tool can be carried, installed and operated by a single person.
Qooder: World’s first vehicle with four tilting wheels
With the worldwide rise in demand for smaller, less gas intensive vehicles, companies are seeking to create vehicles with a smaller environmental footprint that still permit maximum operation, safety, and comfort for their drivers. Small vehicle development has picked up a lot of ground, with a wide variety of products constantly flowing into the market. They are of course not all created equal. Many suffer from shortcomings in terms of charge, range, and stability. Some even suffer from a deficient visual appeal. Mostly, such brands have also been limited by the distribution area.
Boardzilla EV4 Mountain Board: Perfect new toy for the outdoor enthusiast
We may not yet have the hoverboard from Back To The Future, but we do have the EV4 Mountain Board. While it doesn’t fly, the EV4 Mountain Board is an incredible machine that can take you on a wild adventure. This mini vehicle is sure to make heads turn as it rides down the street and off the beaten path. There’s an absolute reason that it is referred to as Boardzilla.
GIBBS Terraquad Amphibious UTV
Conquering land and sea is a feat that usually requires two vehicles. However, Gibbs Amphibians built a Utility Terrain Vehicle (UTV) that allows you to cover both. Their Terraquad transforms from off-road warrior to water-ready ripper in just a few seconds.
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Fugu Inflatable Suitcase transforms from carry-on to full-size in seconds
High-tech luggage is a pretty hot trend right now. However, the Fugu suitcase is a bit different though. It lacks the digital bells and whistles of its techy competitors, but it excels on the design front – this suitcase is inflatable.
The usual carry-on luggage capacity is fine when you are traveling to a destination. However, on your way back, you often have several additional items in your bag, and that is where the conventional carry-on bag falls short. The Fugu luggage eliminates the need for an extra suitcase in such circumstances.