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Neeraj Krishnan
August 3, 2026

Discovery: The Missing Link in Market Formation

When we think about how markets are created, we often imagine a simple equation. People need something, businesses recognise that need, and products or services emerge to meet it. Demand creates opportunity, supply creates solutions, and together they form a market. Yet, in practice, markets rarely work this neatly. 

Imagine a parent looking for a communication device for their child with cerebral palsy. After months of struggling with speech, they finally learn from another parent that an affordable communication board exists. It has been available for years, produced by a small social enterprise only a few hundred kilometres away. The product works well, the price is reasonable, and it has already helped hundreds of children communicate more independently. 

The obvious question is not why the product was created. It is why the family found it so late. 

On the other side of the story, the organisation making the communication boards has a different concern. Despite building a product that genuinely improves lives, orders remain inconsistent. The team assumes that the market is small. Investors hesitate because sales appear limited, and expansion plans are put on hold. 

Both the parent and the organisation arrive at the same conclusion for different reasons. The parent believes the solution does not exist. The business believes the customers do not exist. 

In reality, both exist. What is missing is the connection between them. The Purple Economy calls this discovery

Markets do not grow simply because solutions exist 

It is easy to assume that once a useful product has been developed, people who need it will naturally find it. But that is rarely how markets evolve. 

Think about how we discover almost everything in our daily lives. We search online before buying a product. We rely on reviews before choosing a hotel. Doctors recommend specialists. Schools guide students towards careers. Friends suggest restaurants, apps and services. Online marketplaces help us compare options before making a purchase. These systems are so familiar that we often overlook their importance. They do not create demand, nor do they manufacture supply. 

They simply make it possible for the two to find each other. Without discovery, even the strongest products remain invisible, and even the greatest need remains unmet. 

The same principle becomes even more important when we look at disability-linked markets. Across the world, organisations have developed assistive technologies, adaptive clothing, accessible tourism experiences, inclusive banking services, accessible learning platforms and workplace solutions. Yet many persons with disabilities continue to believe that these solutions are unavailable because they have never encountered them. 

Businesses experience the opposite problem. A company manufacturing accessible furniture may receive only a handful of enquiries each month. Looking at the numbers, it assumes that demand is limited. Expansion seems risky, investors lose confidence, and innovation slows.  

The market appears too small to justify investment. But the problem is not the absence of customers. It is that customers and businesses are unable to discover one another. 

Discovery changes how markets behave 

Consider what happens if the communication board from our earlier example becomes easier to find. A national online platform begins listing assistive products. Hospitals and therapists routinely introduce families to the platform after diagnosis. Schools share it with parents. Disability organisations recommend it during community programmes.  

Suddenly, nothing about the product itself has changed. The design is the same. The price is the same. The company is the same. What changes is that thousands more families are now able to discover it. 

Sales increase. The organisation expands production. More affordable versions become possible because larger volumes reduce costs. Competitors enter the market with new ideas. Designers improve the product. Investors begin recognising the sector as commercially viable. 

The market starts growing—not because demand suddenly appeared, but because demand finally became visible. Discovery transforms isolated solutions into functioning markets. 

Markets grow when people believe participation is worthwhile. 

Discovery is economic infrastructure 

We usually think of infrastructure as roads, airports or digital networks that connect people with places. Discovery performs a similar role within markets. It connects people with opportunities. They reduce the distance between need and solution. And the stronger these systems become, the more efficiently markets begin to function. 

This is why the Purple Economy describes market formation as the interaction of demand, supply and discovery. 

 Demand creates opportunity. Supply creates solutions. Discovery allows them to recognise each other. As discovery improves, more people participate. Greater participation makes demand visible. Visible demand encourages businesses to innovate and expand supply. Better products and services create even more opportunities for discovery, and the cycle continues.

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