Knowledge Marketplace
My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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Modern Plant Variety Development and Licensing

For: Commercial growers, nurseries, and agricultural companies seeking improved plant varieties

Buildability

The Problem

Developing new plant varieties takes decades and huge investment, but successful varieties can generate licensing revenue for decades

The Solution

Create systematic plant breeding operation focused on high-value crops with strong IP protection and licensing potential

Why Now?

Climate change creating demand for resilient varieties, advances in plant breeding technology, aging cohort of current breeders

Build MVP in 7 Days

Day 1

Research most promising crop categories and markets

Day 2

Identify retiring plant breeders to potentially acquire IP/expertise

Day 3

Connect with agricultural university breeding programs

Day 4

Survey commercial growers about desired plant characteristics

Day 5

Calculate potential market size for specific improvements

How to Validate

Interview commercial growers about willingness to pay for improvements
Analyze licensing revenue of successful existing varieties
Connect with agricultural distributors about demand
Research patent database for expiring variety patents

Revenue Model

Licensing fees per plant sold by partner growers, potentially $0.50-2.00 per unit for successful varieties

Competitive Moat

20+ year patent protection, decades-long development timeline creates massive barrier to entry, specialized expertise

Risks to Consider

Extremely long development timelines (10-20 years)High upfront investment with uncertain returnsClimate and disease changes could make varieties obsoleteRequires deep agricultural expertise