So, i nearly finished my Software-Prototype in the AEC-Management sector, found a Co-Founder and want to go online, to get feedback and talk to potential customers about my idea.
Unfourtunately i just found out that the government is planning to launch a similar software in 2025 and it got funded with 6 Mio. €. Also, since it is the government, they have lots of good connection to the right people and groups, that i don’t have.
Is it worth to pursui my business idea at that point, after spending a lot of time in building a prototype, website and even a business plan? Right now it feels to me as if i have no chance to win a race to market against the government.
Has anyone of you been in a similar situation and could give me some tips on how to handle this?
I’d be looking into whether the government stipulate the use of their solution on all government contracts?
Given that most large companies get a lot of revenue from government contracts, what is the chances of them wanting to use two different solutions depending on whether they are delivering in the public or private sector?