International Journal of Social Science & Economic Research
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Title:
Startup Idea Evaluator: Supporting and Evaluating Early-Stage Startup Ideas Using ChatGPT

Authors:
Athanasios Davalas and Anna Angelaki

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Athanasios Davalas1 and Anna Angelaki, MSc2
1. Academic Director of AI e-Learning Programs and Researcher, University of the Aegean, Greece
2. Researcher , University of the Aegean, Greece

MLA 8
Davalas, Athanasios, and Anna Angelaki. "Startup Idea Evaluator: Supporting and Evaluating Early-Stage Startup Ideas Using ChatGPT." Int. j. of Social Science and Economic Research, vol. 10, no. 1, Jan. 2025, pp. 415-424, doi.org/10.46609/IJSSER.2025.v10i01.024. Accessed Jan. 2025.
APA 6
Davalas, A., & Angelaki, A. (2025, January). Startup Idea Evaluator: Supporting and Evaluating Early-Stage Startup Ideas Using ChatGPT. Int. j. of Social Science and Economic Research, 10(1), 415-424. Retrieved from https://doi.org/10.46609/IJSSER.2025.v10i01.024
Chicago
Davalas, Athanasios, and Anna Angelaki. "Startup Idea Evaluator: Supporting and Evaluating Early-Stage Startup Ideas Using ChatGPT." Int. j. of Social Science and Economic Research 10, no. 1 (January 2025), 415-424. Accessed January, 2025. https://doi.org/10.46609/IJSSER.2025.v10i01.024.

References

[1] . Beretas, C. P., & Davalas, A. (2024). Bridging AI Innovation and Cybersecurity: Generative AI’s Contribution to NIS2 Compliance. International Journal of Regional Development, 11(2), 40. https://doi.org/10.5296/ijrd.v11i2.22486
[2] . Blank, S. (2003). The Four Steps to the Epiphany: Successful Strategies for Startups That Win. This book outlines the Customer Development model, a precursor to the Lean Startup methodology, emphasizing iterative learning and understanding customer needs.
[3] . Davalas, A. (2020). Use of Big Data and AI Tools to Evaluate and Assist Startups. International Journal of Social Science and Economic Research, 5(11), 3615–3624. https://doi.org/10.46609/IJSSER.2020.v05i11.019
[4] . Davalas, A. (2024). Scoring card methodologies for startups evaluation: A machine learning based approach. International Journal of Social Science and Economic Research, 8(12), 3900. https://doi.org/10.46609/IJSSER.2023.v08i12.013
[5] . Davalas, A. (2023). The importance of the TAM-SAM-SOM model and how big data and AI help. International Journal of Social Science and Economic Research, 8(12), 3936. https://doi.org/10.46609/IJSSER.2023.v08i12.016
[6] . Davalas, A., & Charalabidis, Y. (2023). Digital EURO: The Impact of Digital Currency on Startups. International Journal of Social Science and Economic Research, 8(12), 46-55.
[7] . Davalas, A., Charalabidis, Y.& Fenekoy, P. (2022). Startup Valuation with Artificial Intelligence: A SWOT Analysis. European Journal of Economics, 2(2), 13-20. https://doi.org/10.33422/eje.v2i2.154
[8] . Hack, S. (2024). ChatGPT: a force for good? Using the I.D.E.As framework to 'develop and empower' students. Journal of Learning Development in Higher Education, Special Issue 32, October 2024. https://doi.org/10.25416/NTR.24183048.v2
[9] . Leatherbee, M., & Katila, R. (2020). The lean startup method: Early?stage teams and hypothesis?based probing of business ideas. Strategic Entrepreneurship Journal, 14(4), 570–593. https://doi.org/10.1002/sej.1373
[10] . Ries, E. (2011). The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. This book elaborates on the Lean Startup methodology, introducing concepts such as build-measure-learn loops and pivoting to improve startup success rates.
[11] . Stadlmann, C., & Zehetner, A. (2022). Comparing AI-Based and Traditional Prospect Generating Methods. Journal of Promotion Management, 28(2), 160–174. https://doi.org/10.1080/10496491.2021.1987973

ABSTRACT:
The Startup Idea Evaluator is an innovative AI-powered tool specifically designed to assist early-stage startups in systematically evaluating and refining their business ideas. Leveraging the advanced natural language processing capabilities of ChatGPT, the tool automates critical evaluation processes, offering features such as a Scoring Card for idea viability, automated SWOT Analysis, and tailored Funding Suggestions. Unlike traditional tools, the Startup Idea Evaluator provides real-time insights, integrating structured metrics with conversational adaptability. This unique approach not only reduces the operational burden on founders but also empowers them with actionable, data-driven recommendations. By bridging advanced AI with practical entrepreneurship frameworks, the Startup Idea Evaluator stands out as a transformative resource for fostering informed decision-making and sustainable growth in the startup ecosystem.

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