Entrepreneurs develop novel solutions to key challenges, fueling progress in societies worldwide. They use innovation and technology to foster positive impact and activity in all facets of life. Entrepreneurs identify, develop, and communicate the essence of an opportunity that has attractive potential to become a successful venture. They describe the valuable contributions of the venture, and they design a business model that can adapt to changing circumstances. The venture team creates a road map $($strategy$)$ that can, with good chance, effectively lead to the commercialization of the new product or service in the marketplace with a sustainable competitive advantage.

To this end, you are required to submit a report that contains the following:

$1.$ Identify a problem or opportunity that your group is interested in$.$

$2.$ Conduct the relevant research to validate your identified opportunity. This should include but not limited to:

a$.$ background information about the market you are interested in

b$.$ the market size

c$.$ the various market segments

d$.$ the major players $/$ competition

e$.$ risks

f$.$ the barriers to entry $($Intellectual Property, Investment requires, etc.$)$

g$.$ which particular market segment$($s$)$ will your solution address?

$3.$ A discussion around why your opportunity is a good idea. What are the potential financial benefits for this venture?

$4.$ Next steps. A detailed discussion on what your next steps are in order to prepare for making a pitch to potential investors.