Having a project that is shovel ready plays a large part into whether or not it receives funding - Chancellor Perlman hinted at this with UNL receiving federal funding for the innovation campus expansion.
This same principle can apply to software projects. Having a software project shovel ready involves any or all of the following (please note that this is an abridged list):
- Writing a spec,
- Setting up an environment,
- Hiring the right people,
- Doing the right research,
- Writing a business plan, or
- Creating a detailed prototype.
Entrepreneurs often claim that they have projects that are shovel ready and are waiting for the shovel (funding) to get the project moving. This is an indication that the project in question is not shovel ready. It does not take millions of dollars of funding to get a software project started. Grab a few friends and crank out a detailed prototype of a feature of the product. Coupling this prototype with a business plan will ensure that the project is shovel ready.