In this guide, we are going to talk about some brilliant and innovative tech startup ideas. We will also discuss other aspects of running a tech startup because the idea alone cannot propel you to great success.
So, without further ado, here are some amazing tech startup ideas that you can work on.
What are some good tech startup ideas?
Here are some detailed ideas hardly anyone thinks about in their pursuit of making the next Tesla, Amazon, Facebook, or Google. Here are some ideas that you can start and with the right approach and talent, you are looking at building an empire around your core product.
Online software and platform for managing information technology projects and professionals
What’s better than a tech startup that helps manage other tech products? There are many things that people may have wanted to do but haven’t gotten around to yet, simply because they don’t know how to get started. This startup/tool/product will help them identify and remove barriers – especially those that don’t need to exist – to turn other people’s ideas into a reality.
A tool that helps consumers use technology to enrich their daily life
Do you have the desired outcome for what you want? This product will want to see people be more aware of the power of technology around them, use better software and systems to process their data efficiently and be informed about the security of their private information.
This software can also handle comparisons and provide opportunities for changing parts of a workflow (what apps, tools, utilities, or software you use together to get a task done) by suggesting a change. This can be branded as a digital upgrade of a person.
A service bringing trust to the world of self-driving cars
A model proving anyone can write code for autonomous vehicles. A state-of-the-art platform that can support open-source software, tools, and standards from self-driving car developers and researchers across the globe.
A company that provides a mobile app, via which you can learn programming concepts
Theoretically, computer science and programming concepts can be learned without a computer. Books and teachers can demonstrate easily while you can write code on a piece of paper. This is more of a wacky idea to us, but for the vast majority of the world, this is a harrowing reality. People in some Asian and African countries regularly struggle with the lack of computers, internet, and electricity.
A tech startup that aims to improve the lives of these underprivileged kids can make it big with its two-fold attack – a program that aims to make the world a better place, improve literacy, and bring in more programmers to the fold; and also, something that helps educate those underprivileged.
We can see these kids, who look to be 10-15 years old, writing computer code and solving problems on the blackboard in India and think about how many schools don’t have electricity or internet. One could also see people in coffee shops in South Africa writing complex algorithms on paper, for example. It makes you wonder if there is a way to streamline that process into something more efficient.
A mobile app that allows users to learn programming concepts is going to be a godsend for these people, while also being a good tech startup to get funded.
A blockchain, ICO, and token sales platform
A blockchain payment exchange system, basically. This system will allow for decentralized, independent, international, and transparent governance and economic growth. The protocol will create a value-based economy where the rewards for certain actions are given in value tokens instead of money or currency.
A self-sufficient ecosystem that will grow, develop, and integrate with other cryptocurrencies, the main goal here will be to solve the problem of illiquidity in cryptocurrency exchanges caused by market demand fluctuations.
There are so many great ideas if you really start to think. Here is a list of other ideas that you can expand upon:
- Decentralized IT services model to provide enterprise-level application integrations to SMBs and enterprises.
- An app that allows people to post, comment on, and like long-form articles on topics they care about.
- Apps or software that make using computers easy for seniors or kids.
- A blockchain-based automated system for purchasing, building, and maintaining servers and cloud services.
- Decentralized and secure enterprise file storage.
- Integrating blockchain technology into existing infrastructures, providing end-to-end solutions.
Hopefully, you now have a good idea about information technology business ideas for startups. Engineering startup ideas or software startup ideas are all too common. It’s finding the right one that takes time.
What are tech startups and why are they all the rage?
Tech startups are the new black. They’re the hip and happening thing to do. In just a few years, they’ve gone from being an oddity in your neighborhood to a global phenomenon.
What are tech startups? They’re companies that build new products or services, often with a technological component, and then sell them to the general public. These companies could be creating anything from games and music apps to ecommerce platforms or even medical devices — but they all have one thing in common: They’re using technology as their primary tool for innovation.
Tech startups have always been around but only recently have they become so popular. Why? Because they’re taking over the world! And why wouldn’t they? Technology is advancing at such a rapid pace that it’s impossible for any company not to embrace it — especially if they want to remain competitive in today’s market.
Tech startups are companies that are developing new technologies and trying to get a foothold in the market. A tech startup is a business that focuses on technology and its application in the market.
Tech startups have been all the rage recently, with countless companies sprouting up around the world and being sold for millions of dollars. Tech startups are not just limited to software companies or other kinds of businesses that use the software as part of their business model, but they also include hardware products too.
The reason why people want to invest in tech startups is that they believe that they can become valuable properties in the future, especially if they manage to find investors who are willing to invest in their company. The idea behind this is simple: if you invest early on in a company that develops new technologies, then you will have more information about it than other people do, which means that you can sell it when it becomes valuable later on down the line (if it does).
There’s also another reason why people want to invest in these types of companies: because they know that there’s always going to be demand for new technology products and services. This means that once you develop something new and interesting enough for people.
Tech startups are all the rage
According to Forbes, there are more than 500 million active users on Facebook, 500 million on Instagram, and 1 billion on WhatsApp. Together, these three platforms make up one-third of the entire internet.
And with the rise of social media comes a new breed of a tech startup: the social media influencer. These influencers have millions of followers across their social media channels who trust their opinions and recommendations. As a result, many brands have begun paying for influencers to promote their products and services to their followers.
But what exactly is a tech startup? And how does it differ from other types of businesses?
A tech startup is a company that uses technology as its primary driver for growth. It may produce physical goods like computers or phones, or it may be an online service like Airbnb or Uber. The key characteristics of a tech startup include focusing on technology as its core business model; not just using it as an afterthought or marketing tool.
How do I start a tech company?
A tech startup will take a lot of time to be relevant and popular. But you don’t need it to be relevant or popular to start. All you need is an MVP (minimal viable product) to show to potential investors.
Start by asking yourself what problem you want to solve, and then find the biggest market for that problem.
The most common mistake first-time entrepreneurs make is thinking about the product first and then trying to find customers for it later. But if your product doesn’t solve a real problem for real people in the real world, it doesn’t matter how great it is — no one will buy it.
Here are a couple of questions to ask yourself before deciding on your startup idea:
- What’s your passion? Do you love something so much that you can’t stop thinking about how to improve it? If so, there may be an opportunity there. For instance, if you’re passionate about travel and want to share tips with other travelers, that could be a good place to start building a business.
- Do you have expertise in a particular field? If so, consider applying that expertise in a new way by combining it with another skillset or interest area.
Where is the best place to start a tech startup?
Some places are better for business than others. This applies across the board – meaning there are some places better to begin your lawyer career or to start selling processed meat. And similarly, it also applies to tech startups.
The American East Coast and Silicon Valley are obviously the best places to be for any tech startup in the whole world. Any tech company or giant worth its salt (which you shall aim to be) has either started or opened a location in Silicon Valley.
Entrepreneurial innovation and tech affinity are like the staple diet here, but the cost of living and operating a tech business here is wild. Especially hiring talented developers, for example, is on average significantly costlier than literally any other place on earth.
In the U.S., the best places to start a tech startup are as follows:
- Silicon Valley, California
- Los Angeles, California
- New York City, New York
- San Francisco, California
- Chicago, Illinois
- Boston, Massachusetts
- Austin, Texas
- Las Vegas, Nevada
- Salt Lake City, Utah
- Seattle, Washington
- Detroit, Michigan
- Nashville, Tennessee
- Atlanta, Georgia
- Washington D.C., Washington
Internationally, a few cities all over the world are known for their affinity for tech entrepreneurs. These include:
- Tel Aviv, Israel
- London, England
- Berlin, Germany
- Tallinn, Estonia
- Helsinki, Finland
- Istanbul, Turkey
- Oslo, Norway
- Amsterdam, The Netherlands
- Vancouver, Canada
- Dublin, Ireland
- Hong Kong, China
- Stockholm, Sweden
- Toronto, Canada
- Munich, Germany
- Copenhagen, Denmark
- Sydney, Australia
- Frankfurt, Germany
- Paris, France
- Vienna, Austria
- Prague, Czech Republic
What decides the tech startup friendliness of a city? Well, for the most part, it’s about the availability of talent.
In places like NYC and the Valley, you can find dozens of options even for the most niche and specialized tech requirements. And not just any options – but respectably experienced people from which you can have your pick.
Other than that, the number of other tech companies operating in the city is also a good measure. It means you can work together, get funding, build a network, test your product, etc. much more easily.
This also means that businesses that bolster tech businesses are also present in abundance and with competitive pricing, such as marketing firms, PR and reputation management firms, design and art studios, and so on.
Suffice it to say that the easier it is to build out a prototype, test it, and get funding for your startup – the better the place is for tech startups. This generally means that places such as the ones we listed above make your life easier in operating a tech startup.
What are the types of tech startups?
Planning a future and charting the ideal plan of action might come easy to chain entrepreneurs or investors looking for the next big tech idea. However, if you are not really a chain innovator or a founder of many tech companies, you need to know about the four possible ways you can go about it.
These four possible ways are nothing but four types of startups.
Small business tech startups
Small business startups are regular, old-fashioned startups. You are in for the long haul. You start at your own pace, induct more people gradually, and aim to grow your company to a medium-sized one and then a large one later on.
This is the “default”, sort of the very basic idea of a company.
Buyable tech startups
Buyable startups are tech startups you create so someone can buy them. In this, your focus is to expand as quickly as possible using debt, loans, credit, etc. to make the startup prove that it has relevance.
Many venture capitalists and investors look to wholly buy tech startups because it takes out the hard work of creating a product, hiring people, making a workflow/system, etc. out of the equation.
Entrepreneurs who create buyable tech startups bank on their ability to create more products and ideas in the future so they can keep selling startups. Tech startups are the product here, really. There is a whole network of people who only buy smaller tech startups, shuffle the management a little, and hand over a streamlined production process to capable individuals and make money passively.
If this is the way you want to go, you will first need to tap into this network of buyers. You need to be sure that someone will buy your tech startup before you start working on it. There are tons of tech startup ideas that we provided. There is also a great number of time-tested tech products which you can compete with.
Note that in the tech scene, it is also fairly common to build buyable tech startups for bigger companies in the same sub-category. News of acquisitions and mergers involving Amazon, Uber, Google, Microsoft, etc. is all too common. These companies are all buying these buyable tech startups. This generally applies to software companies.
Scalable tech startups
Scalable tech startups are simply companies built for scalability into the future. They are pretty close to small business tech startups.
Small business startups don’t aim to sell themselves, but they tend to take things slow and don’t mind staying in the “startup” phase for longer. They also focus on creating a family-like workplace. They are also very likely self-funded or bootstrapped.
In contrast, scalable tech startups tend to aim for growth and getting out of that “startup” tag sooner than later. For this, they regularly seek funds from angel investors, venture capitalists, bank loans, business partners, friends, and family.
They aren’t built originally to be sold like buyable tech startups. But they are also not content with focusing on their product quality, and work culture, and consequently, staying in the startup phase for long. They wish to scale much more frequently to expand operations and grow.
There are many more types of tech startups such as social tech startups and offshoot tech startups. Those are more specific, however, and it’s most likely that you will find something better among small businesses, buyable, and scalable tech startups.
It’s easy to find software startup ideas in any of the startup types.
If you have startup app ideas you’d like to discuss, we’re the team you want to speak with!