When choosing an industry where you want to start a business, you want to choose an industry that has one to three of the following qualities: a high growth rate, a low to medium level of competition and ripeness for innovation. The following are 71 of the hottest industries for startups. They were gathered from sources that are widely considered credible by the entrepreneurial community. I highly encourage you to learn more about the industries that most interest you—it could lead somewhere huge.

 

Forbes - Logo

 

 

 

 

 

Forbes recently identified the following 11 industries that are ripe with opportunity:

  1. Corporate Wellness Services
  2. Human Resources & Benefits Administration
  3. Scientific & Economic Consulting
  4. Relaxation Beverages
  5. Street Vendors
  6. Ethnic Supermarkets
  7. Wineries
  8. Social Network Game Development
  9. Internet Publishing & Broadcasting
  10. Online Survey Software
  11. E-Commerce & Online Auctions

 

Information for each including revenue growth, enterprise growth, strength of barriers to entry and profit margin can be found at http://www.forbes.com/pictures/ghhe45hfk/11-industries-for-hot-st.

 

Inc - Logo

 

 

 

 

 

In 2015, Inc. sought out hot sectors where immediate opportunity and long term viability are most likely to converge:

  1. Food E-commerce
  2. Legal Marijuana
  3. Gamification Services (Adding game elements to non-gaming fields)
  4. Agriculture Software
  5. Relaxation Beverages
  6. Public-Sector Technology
  7. Yoga and Pilates
  8. Fantasy Sports Services

 

More information about each sector can be found at http://www.inc.com/ss/best-industries-for-starting-a-business.

 

Y Combinator - Logo

 

 

 

 

 

Paul Graham, a member of the YCombinator team, composed another list of startup ideas his firm would like to see:

  1. A cure for the disease of which the RIAA is a symptom (Facilitate digital purchases)
  2. Simplified browsing
  3. New news
  4. Outsourced IT
  5. Enterprise software 2.0
  6. More variants of Customer Relationship Management
  7. Something your company needs that doesn’t exist.
  8. Dating
  9. Photo/video sharing services
  10. Auctions
  11. Web Office apps
  12. Fix advertising
  13. Online learning
  14. Tools for measurement
  15. Off the shelf security
  16. A form of search that depends on design
  17. New payment methods
  18. The WebOS (Operating systems on the web)
  19. Application and/or data hosting
  20. Shopping guides
  21. Finance software for individuals and small businesses
  22. A web-based Excel/database hybrid
  23. More open alternatives to Wikipedia
  24. A buffer against bad customer service
  25. A Craigslist competitor
  26. Better video chat
  27. Hardware/software hybrids.
  28. Fixing email overload
  29. Easy site builders for specific markets
  30. Startups for startups

 

Descriptions of each can be found at http://old.ycombinator.com/ideas.html.

 

Y Combinator - Logo

 

 

 

 

 

YCombinator, a popular venture capital firm in Silicon Valley, is most willing to invest in the following startup ideas due to their technological and societal potential:

  1. Energy
  2. A.I.
  3. Robotics
  4. Biotech
  5. Healthcare
  6. Pharmaceuticals
  7. Food and Water
  8. Education
  9. Internet Infrastructure
  10. Government
  11. Human Augmentation
  12. Virtual Reality and Augmented Reality
  13. Transportation and Housing
  14. Programming Tools
  15. Hollywood 2.0 (YouTube)
  16. Diversity
  17. Developing Countries
  18. Enterprise Software
  19. Financial Services
  20. Telecommunications

 

In general, other venture capital firms are interested in startups pertaining to these fields as well. Much more information about this list can be found at https://www.ycombinator.com/rfs.

 

In which of these industries are you most likely to gain success?

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