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IDEA VALIDATION

This phase enables an entrepreneur to take the business idea into the market, speak to potential customers, and understand the need of their product. Basis continuous rounds of real-time research and reworking to meet the needs of the end customer, this phase is one of the most crucial for assessment of business idea. This phase provides a validation to the entrepreneur on the acceptability of the idea, basis which further development is assisted. Below are the subjects covered under this phase:

Objective: Research on the feasibility of a Business Idea selected and validate that idea in the market.

Outcome: Validation to the Entrepreneur on the acceptance of his Business Idea in the Market through interaction with real buying customers, suppliers and industry experts.