Have you validated your idea by asking your peers if they would be willing to pay for your service?
This would be my first step before committing several thousands of dollars to an idea.
This would be my first step before committing several thousands of dollars to an idea.
Without wanting to put you off, most people will say that its a good idea if the service is free. It's a different story if they have to pay for it.
Are the professors your target market? If not, find your target market and validate with them.
Its so important that you validate the idea before spending all your time, energy and money on it.
Good luck with this, sounds like you're passionate which is a great start.
And you're right about finding a target market, the initial target would be others which I'll have to talk to.