Can my team use AI Tools like ChatGPT to help write our business plan?

Tools such as ChatGPT can be helpful for teams writing their business plan/user adoption plans. Here are a few ways to use it:

• Ask it to review your business plan and give you suggestions
• Input the judging rubric and ask it to give you feedback based on the criteria
• If you are in the brainstorming stage, you can ask it for ideas on business models or marketing strategies that could work for your idea
• Make sure to ask it follow-up questions and provide it with plenty of information so that it can give more tailored help

Remember, your idea is specific to your location and experiences and YOU are the expert. ChatGPT can sound very confident in its responses even if it isn't backed in facts, so make sure to fact-check everything! ChatGPT won't be able to help you with some things based on your own experiences, like user feedback.  

If teams elect to use AI tools in their submissions, we highly encourage teams to explicitly mention so in their submission. This will help the team at Technovation know how we can continue to learn and develop better resources

The following is a live class hosted by Technovation. You can refer to this video on how ChatGPT can be useful in writing your business plan (43:00 minutes into the video).