Business idea, what's that?

What is business idea? If you ask a couple of entrepreneurs, you will most likely get various answers. For them, it’s only a thought, which can help you get money. Others take business idea as a full value model with a mature business plan, specific goals etc. For some entrepreneurs, the process of realizing an idea itself is of foremost interest. Others are more interested in the results, namely revenue. More or less, any business idea is based on the following pattern:

1. Identify a problem that society is facing;
2. Work out methods to solve the problem;
3. Get revenue for bringing your business idea into life.

It’s worth mentioning that there’s no difference whether you are trying to establish a company from scratch, or to realize your business idea as one of the new directions of an already existing business. Either way, the base ground for any undertaking is idea, and in case of undertakings in business, it’s a business idea.

IT as a perspective area for business investments

In terms of coming up with new ideas and the number of young entrepreneurs, IT sphere has no competitors. This filed is developing at high speed. There are millions of people who come up with new business ideas in IT every day.  They dream of making these ideas real and establish a functioning business. That is the reason behind a decision of many to conduct events that attract young entrepreneurs and investors, where the latter are ready to invest money in new perspective projects. It is a real chance for a startup and enthusiast to find so much needed at this early stage resources. For private investors, or business angels, such events uncover unique opportunities for investment in rather perspective business areas.

Business ideas form all over the world at the IDCEE conference

IDCEE is an annual conference gathering young entrepreneurs (startups), as well as investors and representatives of VC funds. Investments in IT-related businesses have great potential.  That’s why even those angels and funds that used to invest in traditional fields only are more actively looking into IT. For startups, IDCEE is a one-in-a-thousand opportunity to present their business ideas, make the investor interested in the project, and receive the necessary financial support.