Dear Innovators and Visionaries of all ages and backgrounds in Jersey,
Do you have an idea you’d like to put forward for the first round of funding from Impact.je – but you just don’t know if your proposal is strong enough?
Have you done the groundwork to prove that your idea can really be reality?
The deadline for 2023 submissions is fast approaching (midnight on the 31st August) and preparing a compelling proposal can be a daunting task, but fear not!
Inspired by a recent AI course by the fantastic Vincent Sider, as a trusted digital partner and listed potential Impact.je collaborator, the Blue Llama team have compiled a list of top-notch AI tools available right now to help put your concept through it’s paces and give you the confidence to get your submission to the finish-line!
AI is an abundant topic with thousands of tools being created weekly, so for the purpose of this blog, we will be focussing primarily on the initial concept development. Once you have that idea nailed, we can bring in additional resources to support with the like of super-charged marketing and internal processes – which is a whole other kettle of fish…
What are Impact.je looking to fund?
Impact.je is looking for submissions that have the potential to make a significant impact on Jersey’s future economy, environmental ambitions, and community goals. They are particularly interested in submissions that are tech-enabled, scalable, resilient, collaborative and diverse.
But when it comes to the actual submissions, Impact.je will need to see clear demonstration a clean and computing problem statement with the proposal of a viable solution that has been thoroughly researched. They will also be looking for a strong team to bring it into fruition following a clear path to action (if you need a digital partner, you know where we are!).
Want to make an impact? Follow these steps and play around with our suggested AI tools to see if your idea has legs!
1) Generate your idea!
Did you know that you can use open source tools such as Chat GBT, BARD and Google Trends to identify problems (or potential business ideas) that need to be fixed within the community? Try out the following prompts using your choice of sector or causes and see what ideas are generated.
Prompts:
1) Identify the top trends in the [sector] that have emerged during the [time period]?
2) Could you propose three product concepts in the [sector in Jersey Channel Islands] with the potential to become profitable in under [x] years?
3) Assume you are an investment partner at a venture capital firm focusing on the [sector]. Which aspects of the Jersey Channel Island’s market do you believe have the potential for digital innovation? What start-ups would be your top choices for investment? Please share five suggestions.
4) As a product manager for a/an [insert business] facilitating [persona] in [service], I’ve successfully established a revenue stream. Now, I’m exploring new possibilities. What related products or services can I introduce that would capitalise on my current strengths and rapidly generate profits? Please outline the product and its revenue generation strategy.
2) Put your idea to the test!
Validate your assumptions and projections with precision using AI-powered tools. These resources help you make data-driven decisions about your target market’s needs, demand for your product or service, and financial projections.
Now you have a list of ideas to work from in section 1. But which one should you focus on and does it really have legs?
Venturusai
This cracking little tool can act as a soundboard for your wild ideas and help save you a lot of time following a pipe dream that isn’t meant to be. Using GPT-3.5 and GPT-4 Venturusai will generate an analysis of your business idea, it will review your concept and give you feedback on how to make it successful.
Identifying potential risks and challenges is crucial. With risk assessment tools at your disposal, such as SEMrush and Ahrefs, you can uncover competitive intelligence and gain insights into your competitors’ strategies, mitigating potential pitfalls.
3) Is it fit for market?
Using the steps above, you now have a business idea that seems to have got the green light. But what about your audience? Do you really know them and what they need and want?
One of the keys to success is a deep understanding of your target market. AI-driven market research tools like Google Trends enable you to track the popularity of relevant keywords, helping you tailor your proposition to the demands of your audience.
Here are a few great AI tools to supercharge your market research:
Essense
AI Powered Customer Research. This is a great tool for really getting to know your people and the opportunities available to you. This tool is built to help you build the product your customers will love, stay ahead of competition by analysing their customer feedback, uncover top customer pain points faster and understand how to connect with & sell to potential customers better.
Crayon
https://www.crayon.com/lt/services/innovate–accelerate/ai-solutions-services/
This one is actually really helpful for the whole Impact.je proposition, like Venturusai it can interrogate your AI Opportunity but it also offers AI Solution Validation to ensure technical feasibility of the AI solution by developing a prototype. It can also go on to deliver business value with actionable results by extending the prototype to a production-ready AI solution and deploying it AND AI Model Management.
4) Know your People
OK so creating potential customer personas can be pretty straight forward simply using Chat GPT or BARD with the additional support of plugins such as Yabble and a prompt along the lines of “Assuming the role of a seasoned behavioural analyst, develop an in-depth customer persona for a {business description}, with a focus on attracting {x-sized} businesses.”
But actually understanding your audiences, what they are interested in and talking about is another level. Here’s where SparkToro comes into the mix:
SparkToro
So when it comes to having impactful marketing and campaign strategy and content – this tool is a goldmine! In just a few clicks you can understand Demographics: interests, job titles, gender, education, and politics, Behaviours: what they talk about, read, watch, listen-to, and follow and Text Data: how they describe themselves, hashtags they use, language in their posts.
The Best Audience Research Tool on the Web | SparkToro
5) Proposition!
Now you need to get that idea on paper(-ish!). Impact.je seeks proposals that resonate with clarity and persuasiveness. Our preferred tool, Proposal Assistant, aids you in weaving compelling narratives, ensuring your unique selling proposition takes centre stage.
Your written communication needs to be immaculate. Grammarly, is a fantastic writing partner, guarantees that your application is grammatically flawless and conveys your concepts with maximum clarity.
GrammarlyGo
https://www.grammarly.com/grammarlygo
Using your concept and business overview, GrammarlyGo will takes your business ideas from concept to a sharply articulated, comprehensive, and excellently written proposal document which you can tweak as much or little as you like.
It’s more than just a grammar corrector; it’s your writing assistant that helps eliminate mistakes, enhance language clarity, and perfect the tone. The advanced AI technology behind GrammarlyGo ensures your proposals are error-free and impactful, presenting your ideas in the most professional manner. It assists in structuring your thoughts coherently, refining your language usage, and ensuring your message is delivered succinctly and convincingly. Thus, GrammarlyGo not only helps you make a great first impression but also boosts your chances of success by providing compelling, informative, and well-articulated business proposals.
While these AI tools offer incredible benefits, they do not substitute the human expertise and experience that we bring to the table. Our Blue Llama team remains at your service to collaborate and share valuable insights, fine-tuning your business pitch as required.
Submission to Impact.je can be a transformational step for your innovative vision. With our recommended AI tools, you are well-prepared to present a stellar proposal. Harness the potency of technological advancements and let your innovation reach unprecedented heights!
Excited?
So are we!
There are no limits to the problems we could be solving through digital AI evolution and creativity! If you’re looking for a digital collaborator – let’s talk!
Wishing you all the best in your Impact.je journey,
The Blue Llama Team
