{"id":49196,"date":"2023-08-08T06:03:14","date_gmt":"2023-08-08T06:03:14","guid":{"rendered":"https:\/\/icaninfotech.com\/?p=49196"},"modified":"2024-12-02T12:33:54","modified_gmt":"2024-12-02T12:33:54","slug":"the-essential-investment-step-by-step-guide-to-concept-development-for-startup-founders-in-canada","status":"publish","type":"post","link":"https:\/\/icaninfotech.com\/the-essential-investment-step-by-step-guide-to-concept-development-for-startup-founders-in-canada\/","title":{"rendered":"The Essential Investment: Step-by-Step Guide to Concept Development for Startup Founders in Canada"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"49196\" class=\"elementor elementor-49196\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-5a22823 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a22823\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c1a94ad\" data-id=\"c1a94ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\n\t\t<div class=\"elementor-element elementor-element-bb44b04 elementor-widget elementor-widget-text-editor\" data-id=\"bb44b04\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>For a <a href=\"https:\/\/icaninfotech.com\/startup-ninjas\/\">startup<\/a> founder in Canada, the journey to success begins with a solid concept. Investing money in concept development is not just a financial commitment; it’s an investment in the future of your business. In this guide, we’ll take you through a step-by-step approach to ensure that your concept development journey is strategic, informed, and poised for success.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-2014865 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2014865\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8ab8af7\" data-id=\"8ab8af7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53a5aff elementor-widget elementor-widget-heading\" data-id=\"53a5aff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Step 1: Idea Incubation and Validation<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-c77c00f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c77c00f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa18f99\" data-id=\"aa18f99\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0c1973 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"f0c1973\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Idea-Incubation-and-Validation-768x432.webp\" class=\"attachment-medium_large size-medium_large wp-image-49199\" alt=\"Idea Incubation and Validation\" srcset=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Idea-Incubation-and-Validation-768x432.webp 768w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Idea-Incubation-and-Validation-300x169.webp 300w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Idea-Incubation-and-Validation-1024x576.webp 1024w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Idea-Incubation-and-Validation-1536x864.webp 1536w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Idea-Incubation-and-Validation-jpg.webp 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-3cdb38c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3cdb38c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-35ba7b1\" data-id=\"35ba7b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3562687 elementor-widget elementor-widget-text-editor\" data-id=\"3562687\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Before you commit your resources, spend time incubating your idea. Research your target market, analyze industry trends, and identify pain points your concept can address. Validate your idea through surveys, focus groups, and discussions with potential customers. This initial groundwork will help you refine your concept before moving forward.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-b8c7438 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b8c7438\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-89ae1d3\" data-id=\"89ae1d3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19465e5 elementor-widget elementor-widget-heading\" data-id=\"19465e5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 2: Engage Experts and Collaborators<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-19a743f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"19a743f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1bc169a\" data-id=\"1bc169a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a031b14 elementor-widget elementor-widget-text-editor\" data-id=\"a031b14\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Dive deep into market research to understand your competition, target audience, and market dynamics. Identify your unique value proposition and how your concept stands out from existing solutions. This knowledge will shape your concept and make it more appealing to investors and customers.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-fa87498 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fa87498\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ed9edae\" data-id=\"ed9edae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-90eedf0 elementor-widget elementor-widget-heading\" data-id=\"90eedf0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 3: Market Research and Competitive Analysis<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-43f23d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"43f23d4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d1d53fb\" data-id=\"d1d53fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a9e5d9 elementor-widget elementor-widget-image\" data-id=\"5a9e5d9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Market-Research-and-Competitive-Analysis-1-768x432.webp\" class=\"attachment-medium_large size-medium_large wp-image-49202\" alt=\"Market Research and Competitive Analysis\" srcset=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Market-Research-and-Competitive-Analysis-1-768x432.webp 768w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Market-Research-and-Competitive-Analysis-1-300x169.webp 300w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Market-Research-and-Competitive-Analysis-1-1024x576.webp 1024w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Market-Research-and-Competitive-Analysis-1-1536x864.webp 1536w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Market-Research-and-Competitive-Analysis-1-jpg.webp 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-3651857 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3651857\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58772fd\" data-id=\"58772fd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b53eb7b elementor-widget elementor-widget-text-editor\" data-id=\"b53eb7b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Dive deep into market research to understand your competition, target audience, and market dynamics. Identify your unique value proposition and how your concept stands out from existing solutions. This knowledge will shape your concept and make it more appealing to investors and customers.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-327a794 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"327a794\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-130a80f\" data-id=\"130a80f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a54abd0 elementor-widget elementor-widget-heading\" data-id=\"a54abd0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 4: Detailed Conceptualization<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-52be9cb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"52be9cb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a34a7c9\" data-id=\"a34a7c9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-451ab16 elementor-widget elementor-widget-text-editor\" data-id=\"451ab16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>With a solid foundation, it’s time to dive into detailed conceptualization. Create sketches, wireframes, or prototypes that visually represent your concept. This step allows you to iron out any design and functionality issues early on, reducing potential setbacks during development.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-0a0afc2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0a0afc2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-55bc1ed\" data-id=\"55bc1ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a59506 elementor-widget elementor-widget-heading\" data-id=\"6a59506\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 5: Financial Planning<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-bd8bd22 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd8bd22\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c917ee4\" data-id=\"c917ee4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bcd8979 elementor-widget elementor-widget-image\" data-id=\"bcd8979\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/financial-planning-768x432.webp\" class=\"attachment-medium_large size-medium_large wp-image-49201\" alt=\"financial planning\" srcset=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/financial-planning-768x432.webp 768w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/financial-planning-300x169.webp 300w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/financial-planning-1024x576.webp 1024w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/financial-planning-1536x864.webp 1536w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/financial-planning-jpg.webp 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-e958c84 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e958c84\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a928af4\" data-id=\"a928af4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f465f96 elementor-widget elementor-widget-text-editor\" data-id=\"f465f96\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Investing money in concept development requires careful financial planning. Estimate the costs associated with refining the concept, creating prototypes, conducting market tests, and engaging professionals. Budget for unexpected expenses to ensure you’re adequately prepared.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-fec8e61 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fec8e61\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-276cf81\" data-id=\"276cf81\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-927dcc9 elementor-widget elementor-widget-heading\" data-id=\"927dcc9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 6: Prototyping and Testing<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-fc649d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fc649d4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-80b884f\" data-id=\"80b884f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-428de27 elementor-widget elementor-widget-text-editor\" data-id=\"428de27\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Build a prototype that represents the core features of your concept. This prototype doesn’t have to be fully functional, but it should provide a tangible experience of your idea. Test it with a small group of potential users to gather feedback and identify areas for improvement.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-1aefdef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1aefdef\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-da76065\" data-id=\"da76065\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ba53b1 elementor-widget elementor-widget-heading\" data-id=\"4ba53b1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 7: Iteration and Refinement<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-f597ad4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f597ad4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-257d188\" data-id=\"257d188\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f861785 elementor-widget elementor-widget-image\" data-id=\"f861785\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Iteration-and-Refinement-768x432.webp\" class=\"attachment-medium_large size-medium_large wp-image-49203\" alt=\"Iteration and Refinement\" srcset=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Iteration-and-Refinement-768x432.webp 768w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Iteration-and-Refinement-300x169.webp 300w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Iteration-and-Refinement-1024x576.webp 1024w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Iteration-and-Refinement-1536x864.webp 1536w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Iteration-and-Refinement-jpg.webp 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-54cebf1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"54cebf1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ffe3ce\" data-id=\"3ffe3ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3ff7f9 elementor-widget elementor-widget-text-editor\" data-id=\"a3ff7f9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Based on user feedback, iterate and refine your concept. This iterative process is essential for creating a product that resonates with your target audience and meets their needs. Don’t hesitate to pivot if necessary \u2013 adaptability is key in the startup world.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-e85b2b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e85b2b9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e94c2da\" data-id=\"e94c2da\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f35335e elementor-widget elementor-widget-heading\" data-id=\"f35335e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 8: Pitch and Presentation<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-3053318 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3053318\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c2ad6bf\" data-id=\"c2ad6bf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f3dd55 elementor-widget elementor-widget-text-editor\" data-id=\"5f3dd55\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As your concept takes shape, prepare a compelling pitch and presentation. Clearly communicate the problem your concept solves, its unique features, market demand, and potential for growth. This pitch will be crucial when seeking investors or partners to fund the next stages of development.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-37d89c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"37d89c5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-974f14b\" data-id=\"974f14b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50f0b3e elementor-widget elementor-widget-heading\" data-id=\"50f0b3e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 9: Legal Protection<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-e4b9219 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e4b9219\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4ef2cec\" data-id=\"4ef2cec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c35a32d elementor-widget elementor-widget-image\" data-id=\"c35a32d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Legal-Protection-768x432.webp\" class=\"attachment-medium_large size-medium_large wp-image-49204\" alt=\"Legal Protection\" srcset=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Legal-Protection-768x432.webp 768w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Legal-Protection-300x169.webp 300w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Legal-Protection-1024x576.webp 1024w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Legal-Protection-1536x864.webp 1536w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/Legal-Protection-jpg.webp 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-4596da5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4596da5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ad1ba52\" data-id=\"ad1ba52\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a368e09 elementor-widget elementor-widget-text-editor\" data-id=\"a368e09\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Before sharing your concept widely, consider legal protection. Depending on your industry, you might need to file for patents, trademarks, or copyrights to safeguard your intellectual property.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-22fa8c0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22fa8c0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eb57a4e\" data-id=\"eb57a4e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b001dc elementor-widget elementor-widget-heading\" data-id=\"2b001dc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step 10: Seek Funding and Partnerships<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-de1422c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"de1422c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fc6421f\" data-id=\"fc6421f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d71e69 elementor-widget elementor-widget-text-editor\" data-id=\"6d71e69\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>With a well-defined and refined concept, it’s time to seek funding or partnerships. Explore various options such as angel investors, venture capitalists, government grants, or crowdfunding platforms. Choose the avenue that aligns with your business goals and values.<\/p><p>Investing money in concept development is an essential step in the startup journey. By following this step-by-step approach, startup founders in Canada can ensure that their concepts are thoroughly researched, refined, and positioned for success. Remember, a well-developed concept forms the foundation upon which your startup’s future achievements are built.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>For a startup founder in Canada, the journey to success begins with a solid concept. Investing money in concept development is not just a financial commitment; it’s an investment in the future of your business. In this guide, we’ll take you through a step-by-step approach to ensure that your concept development journey is strategic, informed,<\/p>\n","protected":false},"author":2,"featured_media":49210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1035],"tags":[165],"class_list":["post-49196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tips-tricks","tag-investment"],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/08\/The-Essential-Investment-Step-by-Step-Guide-to-Concept-Development-for-Startup-Founders-in-Canada-jpg.webp","_links":{"self":[{"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/posts\/49196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/comments?post=49196"}],"version-history":[{"count":0,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/posts\/49196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/media\/49210"}],"wp:attachment":[{"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/media?parent=49196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/categories?post=49196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/tags?post=49196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}