You might have heard the phrase – an idea can change your life.

As of 2021, 16% of Americans were actively involved in startups, this shows that most of the American population were actively working on a startup.

This proves that young business brains are actively participating in startups.

As a result of the pandemic, people are now majorly dependent on the power of the internet. This era is of technology startup ideas.

If you have the best startup ideas based on technology, now would be the time to unleash them.

If not, here is a list of 25 new startup ideas that are digital/online.

1. Artificial Intelligence

Artificial Intelligence, also known as AI, is all the rage in this era.

Artificial Intelligence is what the name suggests, artificially generated Intelligence.

Simply put, it is the ability of machines (computers or a robot) to perform tasks that are usually associated with intelligent beings.

When starting an AI business, you can choose from existing AI or bespoke (custom) AI.

While the previous one has pre-existing solutions, the latter needs new, customized solutions.

Developing an AI-based product is a simple four-step process:

  • Run the problem-solution fit test
  • Gather data
  • Build the AI product
  • Keep on improving

A tip to keep in mind before developing an AI solution is to check whether a product for the said problem exists.

If it does, use it as a base for your application/software to save time, effort, and money.

2. Telehealth

Telehealth is the connection between patients and healthcare providers.

It allows you to choose between two telehealth solutions.

(i) Synchronous solutions – applications that connect the patient to their healthcare provider through audiovisual connections.
(ii) Asynchronous solutions – allow the medical practitioner to access the patient’s medical history through online platforms.

If you are interested in starting a business based on telehealth, here is what you should do:

  • Study the telemedicine/telehealth laws in your state
  • Analyze the competition
  • Plan the features and set the price

Financially, if you plan to develop custom software, the software development cost can go around $50,000 (excluding the hardware cost).

A cheaper option would be using white-label telemedicine or telehealth application which would cost approximately $15,000.

However, this option restricts your ability to provide unique and innovative features.

3. EdTech Startup

One of the many industries that boomed during the pandemic is EdTech.

The development of this technology was so impactful that it has continued to grow even in the post-pandemic world.

The following are the steps to build your own EdTech business:

  • Narrow down your market
  • Validate your concept
  • Create a one-of-a-kind value proposition
  • Select a sensible business model
  • Create the right team
  • Build a minimum viable product/proof of concept
  • Raise funds
  • Focus on growth

4. eCommerce Startup

When it comes to innovative startup ideas, eCommerce is the term that rings a bell.

Companies like Amazon and Alibaba are the leading examples of eCommerce businesses.

To grab this opportunity, you need to follow the steps given below:

  • Identify your niche by researching the market
  • Choose a business name and structure
  • Request an EIN
  • Get necessary permits and licenses
  • Select a platform and build your eCommerce website
  • Product development or sourcing (and listing)
  • Promote your online store

The cost of starting an eCommerce business varies depending on the legalities of the area you plan on opening this business. When opening an eCommerce business, you must keep two rules in mind: Start small and carry out multi-channel marketing.

5. Robot Delivery Startup

For decades, we have thought that robots are the future.

The future, however, is NOW as we are developing robots for almost every possible task, including deliveries.

Yes, you heard that right, we can now use robots to deliver groceries, food, or packages.

You can either build delivery robots or rent/buy them to open a delivery business.

eCommerce businesses like Amazon have already started using robots to deliver their products.

These robots are not humanoids but a container with wheels, which makes sense since their primary goal is delivering the product.

While building a robot may cost anywhere from $5000 to $1,75,000 (depending on the features you want to include), you can rent them for more or less a similar cost.

The increasing popularity of Robot-as-a-Service (RaaS) has made it easier for entrepreneurs to use Robo-tech to deliver things to their customers.