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A safe practice drill for electrical engineers
If you are EE or ME students, first REMAKE a popular product. Don't make a new one out of your own idea. Go to Amazon or other places and find what is already SELLING, and remake it, and offer it to the market.
Industry category
Technology
Inspired by past successful examples ...
Position tracker, video monitor, QA audio bot
How the model works
After you are done, you can stop the learning and move on to something formal.
How does become ecosystem?
Make something that already sells as a practice. Be aware of patents and designs - don't infringe on other people's rights, but you can make new designs or circumvent patents (which is legal).
How you can copy/expand it
Repeat, make more designs.
Barrier for competitors
High
Expansion or exit strategy
Repeat, make more designs.
Startup type
Solo
Investment requirements:
Low to medium
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