Generate a novel product idea. Find technology and organize a business.
How can a business based on emerging technologies help you increase your chances of success? The answer is that they help minimize the competition you face. Competition is inevitable in business. However, it would be less in emerging industries compared to established businesses, where it tends to be intensive.
Emerging industries also have higher valuations. For example, the Price/Earnings ratio in these industries could be in three digits while it is usually in low two digits for long established industries. That means the valuation of your company can be 150 times your average profits (instead of just 15 times!)
So which are these emerging technologies? We take a very broad look at these below:
Each of these technologies is briefly outlined on a page of its own. A business section explores issues involved in commercialization of new technologies and other business issues.
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