Tech startups are the new black, especially in the digital age. Whether you want to develop your mobile app or a physical product, launching your tech startup is a great way to make money while pursuing your passion.
The tech industry is booming; there’s no better time to get in on the action. If you have digital or technical expertise and have been itching to launch your own company, why not do it with a trendy, cutting-edge technology startup? There are so many industries and subcultures that a tech-based business can support.
This article will explore ten ideas for tech startups that will bring in the big bucks. These opportunities are perfect for individuals who want to pursue their passions while making some cash along the way.
10 Tech Startup Ideas You Can Start As An Entrepreneur
1. Mobility Apps
The world is increasingly becoming more mobile-oriented. There are many ways to cash in by building mobile apps. For example, you could build an app for managing businesses. You could create a system for scheduling employees’ shifts and communicating information between employees and management. You could also create an app for organizing employee training programs.
Many businesses have a lot of documentation and materials that must be organized and kept up-to-date. This can be very challenging in the digital age, especially for large organizations. An app that collects and keeps track of everything would be beneficial. You could also build an app for managing food operations at a restaurant.
If you’ve ever worked in food service, you know how challenging it can be to keep track of orders and food quality. It would be very beneficial to have an app where customers can place orders and track their progress.
2. Virtual Reality
VR is growing in popularity and is used in many industries and applications. If you have expertise in Virtual Reality app development and know how to create VR content, consider starting a business creating VR applications or content. You could create virtual training environments. This could be used in many industries, such as healthcare, education, or aviation.
You could also create Virtual Reality content for psychological applications, like helping people with fears or phobias. You could also build VR content for entertainment, such as creating virtual worlds or environments for gaming or putting people in a simulated experience for movies or entertainment.
VR has many applications and can be used for many different industries. You could also teach others how to create Virtual Reality content. This could be useful for companies that want to create VR content for their applications.
3. Augmented Reality
AR is another technology related to VR that’s growing in popularity and has many applications. If you have Augmented Reality app development expertise, you can create apps or design content for businesses to help them incorporate AR into their applications. You could create AR content for education or training. This can be a fantastic tech startup idea in virtual immersion technology.
For example, you could create an app that shows a person how to fix a broken item or an app that teaches someone how to do a specific task. You could also design AR content for psychological purposes. You could create an app that allows people to interact with virtual characters to help them work through certain feelings or emotions.
You could also create AR content for entertainment, like creating virtual characters that appear in the real world or creating games where the characters appear in real-life environments.
4. Video Game Streaming Service
This is a newer tech startup idea for a business, and it takes advantage of the rise of video game streaming. Twitch is a popular video game streaming platform allowing people to stream their gameplay.
Many gamers create content around playing video games, from live streaming their sessions to recording themselves reviewing games. However, this is an industry that’s not regulated very well. Many people are getting into the video game streaming business but don’t have the proper training or equipment to get great results.
If you have experience in game development and know how to create great content, consider starting a video game streaming business. You could create live video game streams or develop tutorials that review different games.
You could also create a channel where you talk about gaming news and events. You could also live stream tournaments or create content about how to get started in the gaming industry.
5. Smart Clothing
Smart clothing is a growing trend that combines digital technology with clothing. Clothing that can monitor health or fitness levels, or has built-in technology to control or interact with other devices, is becoming increasingly common.
You could create a business if you know the clothing industry and how to design smart clothing. You could create fitness clothing that monitors a person’s fitness level. You could also create sports clothing that monitors athletic performance.
You could also create clothing that tracks health-related metrics, like blood pressure or heart rate. You could also create clothing that interacts with other devices, like virtual assistants or home automation devices.
6. Voice-Based Language Translator
Voice-based technology, like what’s used in Apple’s smart assistants Siri, Amazon Alexa, and Google Assistant, is growing in popularity. This type of technology is ideal for translating different languages and can turn into a great tech startup idea focusing specific industry and audience.
Many businesses, such as tourism companies, have a large market in English-speaking countries. However, the lack of English-speaking employees can be challenging.
If you have expertise in language translation and know how to create voice-based technology, consider creating a voice-based language translator. You could create a device that people can plug into their phones or computers to translate languages.
Or you could create a device that plugs into a person’s ear, translating languages as they speak. You could also create a service that allows people to plug into their virtual assistants, allowing them to translate languages.
7. Smart Home Automation
The trend toward smart home devices is vast, and many ways exist to capitalize on it. If you have expertise in programming or working with home automation technology, you could create a business around home automation.
You could make an application that allows people to control their home devices. You could also create an application that allows people to monitor their home devices or receive alerts when there’s a problem. You could also create an application enabling people to control other home devices, like their lights or TV.
You could also create a device that helps people control their home devices. You could create a device plugged into a home device and controlled via an application. Or you could create an application that allows people to manage their home devices by voice.
8. Smart Dishwasher
The appliance industry is still in its infancy, and there are many ways to cash in on its growth. If you have experience working in the appliance industry and know how to create a smart appliance, you could start a business around smart appliances.
You could create a smart appliance for cleaning dishes. You could also create a smart appliance for other household cleaning tasks. You could create a smart appliance that monitors household energy usage. You could also create a smart appliance for controlling home devices, such as lights or climate control.
You could create a smart appliance for monitoring health metrics. You could also create a smart appliance that records data. You could create an appliance that records data on how dishes are cleaned or how often the dishwasher is used.
9. Physical Fitness Tracker
According to projections, the fitness tracker industry is expected to experience a significant growth rate over the forecast period, with market size increasing from $36.34 billion in 2020 to an estimated $114.36 billion by 2028, corresponding to a compound annual growth rate (CAGR) of 15.4%. People love collecting data, especially related to health and fitness.
If you have expertise in designing fitness trackers, you could start a tech business around designing fitness trackers. You could create a fitness tracker that tracks different metrics. You could also create a fitness tracker with built-in sensors to monitor specific health metrics, like heart rate or blood pressure.
You could create a fitness tracker that can interact with other devices, such as virtual assistants or home automation devices.
10. Health-conscious Meal Delivery Program
The food industry is growing and is increasingly focused on health and wellness. If you have expertise in the food industry and know how to create a health-conscious meal delivery program, you could start a business around this.
You could create a meal delivery program that delivers pre-made meals. You could also create a meal delivery program that delivers ingredients to make meals at home.
You could create a meal delivery program for specific diets, like vegan or paleo. You could create a meal delivery program to help people meet fitness or health goals, like gaining muscle or losing weight.
These are just a few ways to cash in on the growing trends in the tech startup world. Whether you’re an expert in virtual reality, augmented reality, smart clothing, voice-based language translation, smart home automation, a fitness tracker, or a health-conscious meal delivery program, you can turn your expertise into a business.
Alain Glaeser, a seasoned software developer with 7 years of experience, has helped countless mobile app and SaaS startups build and scale their products. He has an excellent track record of developing software downloaded by millions, playing a vital role in helping founders secure multi-million dollar funding. Alain's expertise in building tech startups has proven invaluable to a non-technical entrepreneurs seeking to expand their knowledge base and gain a competitive edge in the industry.Read all of Alain Glaeser's articles