Definition
Market Validation is the process of testing whether a product, service, or solution meets real customer needs and has commercial potential. It helps innovation teams determine if there’s a viable market before committing to full-scale development. Market validation typically occurs after initial concept design and before Scaling.
Effective market validation reduces risk by generating early evidence of demand, value, and willingness to pay. It often includes techniques such as interviews, landing page tests, pilot programs, and surveys. These approaches are designed to validate key assumptions identified during Validation and Hypothesis Testing.
The goal is not to perfect the solution, but to confirm that a meaningful problem exists — and that the proposed innovation solves it in a way that customers are ready to adopt. Insights gathered during this phase also inform positioning, pricing, and go-to-market strategies.
Market validation requires a mindset of curiosity and openness. Teams must be willing to pivot based on what they learn, rather than forcing ideas forward. When structured correctly, market validation accelerates decision-making and improves long-term success rates.
Relevant links and use cases
To set you off for a good start and ensure smooth communication, we have compiled a list of the most important innovation terms and definitions. Download the PDF presentation and share it with your organisation.
Ideation is the creative process of conceiving and shaping new ideas. It includes everything from the first thought or inspiration to the formulation of an idea. In the context of an innovation challenge, it refers to the initial phase in which ideas are submitted online and…
Idea management is the structured process of managing ideas from ideation through evaluation and refinement to selection. Many companies use an idea management platform to support this process (the Nosco platform is an example of this).
A call for ideas is an announcement used when an organization or person looks for ideas on a specific topic or project. In the field of innovation, it is used to describe the types of ideas welcome to an innovation challenge…
CVR: 29515506
Denmark
Blegdamsvej 6 2200
København N
+45 70 70 12 42
+49 17 73 86 08 27
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |