Everything begins with an idea. What's yours?
Loica Labs is an open innovation venture builder. We work with companies, entrepreneurs and non-profits to design, prototype, validate and launch your ideas so that you can confidently bring them to market in as little as 3 months.
By using Test_Launch, our 10-step process, together with the latest no code tools and our company building experience, you save time, money and greatly reduce the risk of launching an unsuccessful venture.
The Test_Launch Process
The reality is that most ideas fail. So the objective is to validate your idea as quickly and economically as possible. We call it Test_Launch.
The focus of the Test_Launch process is to make sure you have demand for your idea before you invest time and money building it and before you launch it into the market.
Why this makes sense
Faster Time-to-Market
By adapting your idea early to achieve product-market-fit you'll spend less time in the wilderness and will get to revenue quicker than competing ideas.
Lower Risk
Identify the big risks early and figure out how to solve them, avoiding showstoppers when it's too late, and you've run out of money.
Scalability
Ensures that the product is designed with scalability in mind, making it easier to expand the business as demand grows.
Reduced Development Costs
If you start building your idea before you validate it, you'll spend a lot of money you won't get back.
Investor Confidence
if you want to raise money for growth, investors will want to see evidence that your idea will sell in the market.
Keep More Of Your Equity
By generating early revenue, you'll attract a better valuation and have cash to reinvest into the business to fuel growth.
How we co-create with you
This is your idea. Our job is to guide you through the Test_Launch process every step of the way. Here's what that looks like.
1. The Platform
The guided process is easily accessed and followed on the Test_Launch platform so that you can work at home, at the office or on the beach!
2. Organise Your Work
Idea development can get very messy, very quickly. Keep your workstreams organised so you know where you're up to and what the next task is.
3. Expertise On Tap
Reduce uncertainty with structured project meetings at each stage of the process, plus expertise on tap when you need it.
4. The Best Tools
The No Code revolution means you can build fully functional products, without needing to write a single line of code.
5. Completed Prototype
You'll have a completed and functional prototype that you can demo to clients, investors, and colleagues.
Am I a good fit for the process?
The process helps anyone building new products or services, whether launching a new business or innovating within an existing organisation.
Intrapreneurs
You've got an idea for where you work, but ideas generally don't go anywhere because your company doesn't have a process for taking ideas forward.
Side Projects
You've got a side project you're thinking about, but don't want to leave your job until you've validated your idea.
Innovation Teams
You're a member of an innovation team, and you need a quicker way of testing ideas so that you can discover those that will move the needle.
Small Business Owners
You have an idea that will give you a competitive edge but don't want to bet the farm on it.
Startup Accelerators & Incubators
You want your cohorts to spend less time polishing pitch books and put more focus into generating traction.
Educators
You want a packaged process your students can easily follow to accelerate hands-on learning.
Start-Ups
You are having trouble getting traction in the market, or growth is slower than you'd like.
Non-Profits
You want to develop new income streams so you can reach financial sustainability, but don't have the resources to form an innovation team.
Pricing
Entrepreneurs, start-ups, non-profits and enterprises have different pricing requirements. With that in mind, we've created flexible pricing options. You can go with the equity-only plan, where you share some equity but don’t pay any upfront fees. If you prefer to keep all your equity, the fee-only option lets you do just that. And if you want a mix, our balanced option combines a smaller fee with a little equity sharing.
Equity-Only
$0
Per month
You pay no monthly fee and retain 90% of the value of your project. The remaining 10% you share with us for the support we provide you during the process.
Ideal for individuals and pre-revenue start-ups developing projects who don't want to pay a monthly fee.
Balanced
$1,990
Per month
You pay a lower monthly fee for the time we support you testing and developing your idea, and you share 5% of the project value with us.
Ideal for smaller businesses want a lower monthly fee and are happy to share some upside.
Zero-Equity
$4,990
Per month
You pay a monthly fee for the time we support you testing and developing your idea, but you keep 100% of the project value.
Ideal for companies with a budget for product development and want to avoid sharing equity outside the organisation.
What does it cost?
We’ve got flexible pricing options to fit your style. You can go with the equity-only plan, where you share some equity but don’t pay any upfront fees. If you prefer to keep all your equity, the fee-only option lets you do just that. And if you want a mix, our balanced option combines a smaller fee with a little equity sharing.
How long does the process take to complete?
It typically takes around 3 months from idea to validated business, if you work full-time on your idea. The more quickly you test your idea, the better. That way you get real market data to inform your next iteration and successful launch.
Is there a minimum commitment period?
There is no minimum period you need to sign up for. Sometimes other things in your life or at work take precedence over your project, so you can cancel at any time.
Can I collaborate with a team, or is it just for individuals?
The platform is focused on idea validation and business development. You can do that as a solopreneur or as part of a team at no additional cost.
If you'd like to learn more
Send us a message using the form below. Unlike a lot of contact forms, we actually read all your messages, and we answer same day (depending on your time zone!)
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Everything begins with an idea.