Innovative Tech-Related Business Ideas 2020

Technology-related companies can grow rapidly and generate a significant return for their founders while providing solutions to the needs of customers who want to solve a specific technical problem or find a product that meets their needs. While many technical ideas are related to business, entrepreneurs can choose an idea that encourages them to work with dedication and enthusiasm to offer an innovative product or service. Here are five technology-related business ideas you can use to start your own business.

1. Chatbot Builder

Chatbots are artificial intelligence products and are advancing with new developments in this field. The automated chat creation tool can be useful for companies that need constant communication with their clients or that provide customer services.

Motion AI, acquired by HubSpot, is an example of a business that started with services related to creating a video chat program. The goal, as with all companies involved in robot manufacturing, is to provide a more convenient and continuous way to communicate with customers.

2. Buying and selling

Flippa is an example of an online platform that companies use to buy and sell online. The platform provides access to domain names, websites, and applications. Investors providing this service are more involved in finding and benefiting from promising technology companies than developing a new technology idea, but they can be sources of income.

3. Analysis

Creating a platform for collecting analytical data online can be a good business idea if customer interaction is important these days. The field of data analysis was developed with companies like Alteryx, among the giant companies in this field.

Setting up a company in Cyprus can be a good business idea for investors who want to provide analytical services to clients in the European Union market. The main feature of the site is the low corporate tax, an important component of startups.

4. 3D printing

The 3D printing industry offers a variety of opportunities for businesses, as it can be used in many industries, from the healthcare sector to consumer goods. 3D Systems is an established company in this field that has developed various patents and technologies.

Investors who want to start a business in Japan can enter an innovative technology-oriented market and discover this business idea, among many others.

5. User experience test

The user experience test or user experience is a field related to the application development industry and provides valuable information to developers. Top 2018 UX agencies include Brave UX, Clay, and more.


Offshore business creation may be an option for investors who choose to create a technology company. Contact a team of experts who can help you provide complete installation services.