A innovative business idea has numerous chances of expanding in a rapid manner, as the consumer market will always be keen on trying new products and services. An innovative business can fill in a gap between two types of activities or it can start from scratch, by bringing a product on a given market that was not available before.
Enter the innovative tech devices market
Since we have recently entered a new age, in which more and more businesses develop ideas that incorporate smart devices connected to the internet, it could be an appealing way to enter the start-up sector. Here, there are basically infinite options that can target any aspect of life. A small start-up can create phone cases that are designed to protect smartphones from a wide range of external factors. It is estimated that by 2025, the industry for phone accessories will account for $121 billion. In this sense, investors may opt to register a company in Germany, a country which made relevant progress in this field (a German student patented an innovative phone case with special features).
Start a biodegradable packaging business
One of the latest concerns across the world refers to diminishing the negative impact of plastic, which is used in almost every single aspect of a person’s life. In Europe, the European Union’s policies will soon oblige any business to stop using harmful materials and thus, this could be an amazing opportunity for businesses to replace the current types of packaging materials with innovative, biodegradable materials. For example, the Netherlands is seen as a pioneer in this sector, as it has recently launched in a supermarket the first plastic-free aisle.
Start a business selling healthy food
The concept of healthy food has been around for several years now and the consumer market becomes more and more interested in purchasing products that have several characteristics considered healthy. An innovative way to enter this business market is by opening a vending machine business providing various types of healthy snacks, which can be available in public places – subway, railway station and so on, or to an employee’s lounge or other similar locations.
Enter the biking industry
Innovation in the field of businesses interested in selling bikes is flourishing across the world, as an attempt to reduce the traffic levels. Numerous business ideas were created in this field, from bikes that are very light, to bikes which can be folded, or to electric bikes and other types of concepts.