How long it will take to launch an ICO business? Any one can answer it.
For a shitful ICO, you can just create some website and paste your bitcoin/ ethereum address and ask people to "invest" in your project.
It would take just a few minutes to launch such an ICO.
Would anyone deposit money there? I doubt. That´s the whole point of ICO.
ICO are similar to IPO, but without regulations.