Venture Science is a practice for founding and building new businesses with designed advantage at the start.
I have used Chat GPT-4 to help me suggest new companies. So can you.
#1 – Teach GPT-4 how to think about the problem
Paste this prompt into the Chat GPT-4 interface:
I’m going to teach you a model for proposing a new startup company called “Venture Science”. I’ll present you with a problem. I’d like you to come up with a company that can solve it on a large scale. The format is:
COMPANY NAME: [give it an imaginative name]
PROBLEM: [the problem it is solving and the scale of the problem]
SOLUTION: [a product that could solve the problem with strong science behind it]
RESEARCH FOUNDER: [a university with world class research related to the SOLUTION. Ideally also supply a specific department and researcher]
INDUSTRIAL FOUNDER: [an existing company with supply chain and customer knowledge that could deliver rapid advantage. How would they help?]
TEAM FOUNDER: [an individual on Twitter who thinks a lot about these topics.]
#2 – An example output
This is what it came up with for “The problem is CO2 emissions in the fashion industry”
COMPANY NAME: CarbonCouture
PROBLEM: The fashion industry is a major contributor to CO2 emissions, generating approximately 10% of global carbon emissions. This level of pollution poses a major threat to the environment and contributes to climate change.
SOLUTION: CarbonCouture develops innovative, environmentally friendly materials and production processes that drastically reduce CO2 emissions in the fashion industry. This includes using carbon capture technology to create sustainable textiles, as well as implementing energy efficient production methods. Based on strong scientific research, CarbonCouture products are designed to meet the growing demand for sustainable fashion alternatives.
RESEARCH FOUNDER: Massachusetts Institute of Technology (MIT) – Department of Materials Science and Engineering. prof. Angela Belcher is a leading biomaterials researcher and has developed innovative materials using carbon capture technology.
INDUSTRY FOUNDER: Patagonia – As a leading sustainable apparel company and environmental conservation advocate, Patagonia would provide CarbonCouture with invaluable supply chain expertise, customer knowledge and access to their existing network of environmentally conscious suppliers and consumers. This partnership allows CarbonCouture to scale up quickly, allowing their sustainable products to reach a wide audience and have a significant impact on reducing CO2 emissions in the fashion industry.
TEAM FOUNDER: Maxine Bédat (@maxinebedat) – Maxine is the founder of the New Standard Institute and a dedicated advocate for sustainability in fashion. She regularly shares her insights and research on Twitter and would be a valuable member of the CarbonCouture team, providing thought leadership, strategic direction and guidance on sustainable fashion practices.
Not bad. You can reef for hours with this. It won’t be perfect, but it will provide quick leads for synthesis and deeper research.
How we produce food, feed and fiber is about to get an upgrade – Cauldron Ferm is here
Boiler Ferm has been a year in the making and is finally funded and on the market with a powerful platform to help the world’s biotech companies scale up and produce their products.
“It has taken mankind thousands of years to get fermentation to work. With Cauldron’s revolutionary fermaculture platform, we are supercharging that process and unlocking the next evolution of how we produce food, feed and fiber globally,” said Michele Stansfield, CEO and founder of Cauldron, in a statement.
Michele also took part in a great panel at EvokeAg that explored opportunities for biotech in the Australian food system.