How do you test your robotics idea before investing?

1 Define your problem and solution

The first step to test your robotics idea is to define the problem you are trying to solve and the solution you are offering. You need to have a clear and specific value proposition that describes how your robotics idea solves a real and meaningful problem for your target customers. You can use tools like the Lean Canvas or the Value Proposition Canvas to help you articulate your problem and solution.

2 Research your market and customers

The next step to test your robotics idea is to research your market and customers. You need to understand the size, trends, and dynamics of the market you are entering, and the needs, preferences, and behaviors of your potential customers. You can use secondary sources like reports, articles, and websites, or primary sources like surveys, interviews, and observations, to gather relevant and reliable data. You can also use tools like the Market Segmentation Canvas or the Empathy Map to help you analyze your market and customers.

3 Build a minimum viable product

The third step to test your robotics idea is to build a minimum viable product (MVP). An MVP is a version of your product that has the minimum features and functions necessary to test your value proposition with real customers. You can use low-fidelity or high-fidelity prototypes, depending on your resources and goals. You can also use tools like the Prototyping Canvas or the Feature Prioritization Matrix to help you design and build your MVP.

4 Test your assumptions and hypotheses

The fourth step to test your robotics idea is to test your assumptions and hypotheses. You need to identify the most critical and risky assumptions and hypotheses that underlie your problem, solution, market, and customers, and design experiments to test them. You can use qualitative or quantitative methods, such as feedback, interviews, surveys, usability tests, landing pages, or beta tests, to collect and analyze data. You can also use tools like the Experiment Canvas or the Validation Board to help you plan and execute your tests.

5 Learn from your results and iterate

The fifth step to test your robotics idea is to learn from your results and iterate. You need to evaluate the outcomes of your tests and compare them with your expectations. You need to learn what works and what doesn't, and why. You need to decide whether to pivot, persevere, or stop, based on the evidence you have. You can use tools like the Learning Canvas or the Build-Measure-Learn Loop to help you learn from your results and iterate your idea.

6 Communicate your value proposition

The sixth step to test your robotics idea is to communicate your value proposition. You need to craft a compelling and concise story that explains how your robotics idea solves a problem, creates value, and differentiates from competitors. You need to tailor your message to your audience, whether they are customers, investors, partners, or media. You can use tools like the Pitch Canvas or the Storytelling Canvas to help you communicate your value proposition.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?