R&D as the Source of Ideas

1. Research and Development (R&D)
2. Invention and Patent
3. Design and Development (D+D) – Forward Design
4. Reverse Design: Reverse Engineering and Benchmarking (Copying, Imitation and Adaptation)
5. Extensive Market Research to explore business opportunities: Societal changes, Demographic changes, etc.
6. Feedback: from customers, employees, suppliers, etc. to uncover in-articulated needs
7. Previous Experience: Work, Education and Hobby of the Entrepreneurs.
8. Creativity (Individual, Group and Organizational): such as lateral thinking, mind mapping, metaphors, and brain storming.
9. Symbiotic Ideas: Combining two or more existing ideas for a new application
10. Innovation Inspired by Nature (Biomimetics, Biomimicry): new business ideas based on observing natural phenomena. Example: Neuromorphic computing.
11. New regulations: AI safety regulations and bias remediation
12. Eureka and Serendipity: New business ideas due to unexpected events!

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