For large corporations, startups, or research labs venturing into new product segments, understanding the research gap is the first step. This often involves extensive literature searches to assess existing solutions and challenges. However, market dynamics are critical.

Identifying the gaps in the existing solutions and designing value-added products are pivotal.

Assessing the pricing and market-specific sustainability of your product is crucial.

Ground-level insights and real-time data collection are superior to publicly available information.

Fine-tuning your product idea based on end-user feedback and experiences is essential.

Creating a comprehensive proof-of-concept proposal, including feasibility, timelines, costs, success criteria, and required resources is of significant value.