Prepare a minimum of 3 venture project idea proposals in any format that fits on TWO 8.5×11 pages (one side only). Include AI output! Your proposal should include:
- Your group’s names
- Solution: Recommendation why this project should be eventually funded. This will include:
- A brief, descriptive new venture title (3-5 words-not a product description). A description of the opportunity (not product- why would this product be necessary) and what need have you identified that will be fulfilled or what problem is their that you have found a solution for?
- Who is direct competition. Name 3. What are the shortcomings of these existing competitive products (assuming there are some) to meet this need. List competitors.
- Using AI (see chat gpt example below and class video) show what the size (in dollars) of this market is for each of the 3 product segment (you are recommending) in U.S..? And What the projected growth rate for each?
- Using AI, what is the potential target market (define in terms of demographics, geographics and lifestyle segments).
- (see my AI example in feb 3 class video) and below
SEE THE EXTENSIVE WRITE UP FOR THE product Currency 13 in this drop box as a guide- yours does not have to be this extensive at this point (just 1 page) but you should be thinking the way they are in this write up.
Requirements: 3 venture project ideas
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