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How to test whether my idea has potential

How to test whether my idea has potential?

3 September 2018 - 15:00

In every entrepreneurial process it is essential to validate the solution: does my concept make sense for potential customers? Are they ready to pay for it? Which features are missing? It is very important to answer all of these questions as soon as possible and most certainly before launching yourself in expensive developments, both time and money wise. This is what we call agile development.

Validation tools

It is absolutely necessary to develop, at the lowest possible cost, a Minimum Viable Product (MVP) in order for you to test the market with an intermediate solution that is representative enough for your future product. This is your chance to measure the potential interest of your future target audience before starting the actual developments. In the health sector these validations are sometimes very complex and require a very precise prototype process, with a seamless respect of the legal framework whilst mitigating the risk of not being able to commercialize the product afterwards.

Our experts at lifetech.brussels are able to help you with putting in place a validation strategy that is efficient, coherent and conform with regulations.

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