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Economic Development

Posted on: July 6, 2023

Market Research Databases for Entrepreneurs

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Many start-up companies fail due to a lack of understanding of their market.  While there is no substitute for talking to potential customers, entrepreneurs first need to assess their potential market at a general level - secondary research. An understanding of competitors, industry trends, and market segments through secondary research is an important part of developing a plan to launch a business. Moreover, entrepreneurs that do not have a solid understanding of their market will find it difficult to raise funding from TEDCO and other investors.

The services are a resource to help entrepreneurs address the challenges of conducting market assessments.  The goal is to improve the market assessment and opportunity analysis associated with the development of business plans and applications for TEDCO’s funding programs.

The services currently consist of databases that can be used to conduct secondary market research. TEDCO provides access to the databases free-of-charge to eligible entrepreneurs. 

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