2018 SMC innovation framework presentation
0 likes334 views
(1) Sandeep Muju presented on innovation frameworks and technology-enabled startup opportunities at IIT Kanpur on January 27/28, 2018. (2) He discussed classification of startup types in global and Indian contexts, that innovation is broader than just technology, and the increasing pace of innovation. (3) Muju also outlined seven common features of successful startups, areas that received venture capital funding in 2014-2015 and 2015-2016, and potential startup themes and deep technologies in India.
2018 SMC innovation framework presentation
- 1. Startup Master Class IIT Kanpur January 27/28, 2018 INNOVATION FRAMEWORK: TECHNOLOGY ENABLED STARTUP OPPORTUNITIES Sandeep (Sandy) Muju Managing Director PlutusKuber LLC PlutusKuber LLC
- 2. Slides (a) Classification of types of Startups in Global India context (b) Innovation is broader than Technology alone (c) Increasing Pace of Innovation (d) Seven features common across successful startups (e) Where did VC’s place their ~$65B bets in 2014-2015 (f) Where did VC’s place their ~$55B bets in 2015-16 (g) Socially motivated Commercial Enterprises are needed in India (h) Top 10 Startup Themes based on “Needs” in India (i) Top 3 deep-technology picks for their global disruptive potential PlutusKuber LLC 2
- 3. Classification of types of Startups in Global India context Startups addressing Indian Problems & Opportunities with means in India • Technology enabled Problems and Opportunities unique to India. • Examples: •IEX: electronic power trading platform in India •Indus OS: Indian mobile phone operating system •OnlinePrasad: blessings from a Indian holy site on a website •PlexusMD: network for doctors and healthcare organisations Startups addressing Global Opportunities with Global means • Emerging global technology maturity based solutions for global customers • Examples: •Boltt: wearable tech & AI •Intugine: IoT device to control other smart devices •Caspar.ai: Smart home automation platform. Startups addressing Global Opportunities with India focus • Customizing global technology trends to Indian context • Examples: •X-Factor: Electronic tax filing •ideaForge: Drones/UAVs for special use in India •Flipkart: Amazon of India •Ola: India’s Uber Type II Type GG Type GI PlutusKuber LLC 3
- 4. Innovation is broader than Technology alone Innovation is Multi-dimensional … PlutusKuber LLC 4 Incremental Innovation Space Revolutionary InnovationSpace Ex., Internet, Vaccination, Touch Screen Ex., Robots, Automation, 3D Printing Ex., Credit Card Purch. E-commerce New to World Technologies New to Industry Technologies New to World Business Models New to Industry Business Models New to Industry Methods & Processes New to World Methods & Processes Next Technology Version Ex., Next season’s Flu Vaccine Quality & Reliability improvements Incremental change to Biz Model Ex., Carry-out at restaurants Ex., Lean Six Sigma Continuous Process Improv. Non Value Add improvements Changes to better serve customers The Innovation Cube (© Sandeep Muju, 2013)
- 5. >200,000 Years Post-Fire and Pre-Bulb Humans The increasing Pace of Innovation Steam Engine Savery, 1698 Battery Volta, ~1800 Steam Locomotive Trevithick, 1804 Automobile Benz 1886 Telegraph Marconi, 1909 1st Manned Flight Wright Bro, 1903 Internet 1970-90s “Berlin Wall” 1989 Innovation is was a slow process …. It is “Revolutionary” when breakthroughs happen .. It is “Evolutionary” in the meantime .. EV 1970s- 2000s ? IBM 1911 Boeing 1916 Airbus 1960s Microsoft 1975 UAVs 1970s Big Data 2010s Neural Networks 1990s AI 1990s IoT 2010s Blockchain 2000s Gene Editing 2015 Industrial Robots 1970s Humanoid Robots 2000s Digital Health 2000s PlutusKuber LLC ~100 Years Post-Bulb and Pre-Internet Humans <50 Years Post-Internet and Pre-?? 5 Electric Bulb Franklin, 1879 Evolution Darwin 1859
- 6. Where did VC’s place their ~$65B bets in 2014-2015* *Source PlutusKuber LLC 6 $11.4B Business & Financial Tech $9.1B Urban Mobility & Vehicles $8.9B Biotech & Pharma $8.7B Advertising & Media $6.4B Big Data $6.0B Energy & Industrial $5.3B Communication & Security $5.9B Healthcare & Medical $2.8B Learning & Playing Primary focus on global commercial business opportunities
- 7. Where did VC’s place their ~$55B bets in 2015-16* *Source PlutusKuber LLC 7 $26B E-Commerce &e-services $8.0B Software $3.2B Hardware $2.4B Advertising $1.6B Social Media $1.4B Communication $1.3B Telecoms $0.9B Search $0.8B Music & Video $0.7B Gaming ……. Primary focus on global commercial business opportunities
- 8. 8 Socially motivated Commercial Enterprises are needed in India Just in two prior years (2014-15 and 2015-16) VC’s spent over $120B on commercial business ventures! India needs Socially motivated Enterprises that are also sustainable => Commercial Social Entrepreneurship! For Example: Kumbaya, is on a mission to provide not only affordable efficient solar power but also an agnostic network connectivity to the world’s unconnected communities. The company founded a year ago, by Mike Freni is committed to achieve the #1 Goal of the United Nations, Sustainable Development – to eliminate poverty by increasing access to technology, education, and reliable infrastructure. Kumbaya has harnessed the recent advances developing leading edge technology to solve some of the world’s largest problems. Kumbaya platform, zeroXess, a modular (emission free) solar powered system that connects users to LTE, 3G, WiFi or satellites, ultimately providing broadband connectivity access for everyone. The platform also allows access for non-invasive eHealth monitoring devices and point-of-care decision support. This small but powerful affordable device can be deployed all over the world and, with a little sun and connectivity, will bring power, TV, radio, broadband internet, and even CO/CO2 and weather sensors, and much more to off-grid populations, refugee camps, and areas afflicted by natural disasters. PlutusKuber LLC
- 9. Seven features common across successful startups … PlutusKuber LLC 9 Some of the common themes that run across successful startups include, 1. Provides a solution that addresses a problem or opportunity faster/better/cheaper than what exists, 2. The problem/opportunity being addressed has large enough addressable market size (TAM), 3. Value proposition is clear, and there is thought behind how it can generate revenues (revenue model), 4. It has Customers (or potential Customers) that want it and are willing to pay for it, 5. Entry Barrier for competition: Has some type of IP (Intellectual Property) whether in the form of formal Patent or an embedded unique know-how (or code) that is hard to copy/reverse-engineer, 6. Has a well balanced, high-functioning, and resilient founding/leadership team, 7. Has a good ecosystem of Mentors, Advisors and/or actively engaged Board members,
- 10. Top 10 Startup Themes based on “Needs” in India .. 1. Pollution/Waste 2. Clean/Renewable/Off-Grid Energy 3. Food/Agriculture 4. Health, Medical & Bio-Informatics 5. Air/Land/Water Transportation - Autonomous & otherwise 6. Digital services and E-commerce related 7. Blockchain & Cryptocurrency 8. Smart Materials 9. AI/ML/NLP 10.IoT/IoIT/IoMT/IoHT PlutusKuber LLC 10 Problems worth solving in India for Indian and Global Customers …
- 11. Top 3 deep-technology picks for their disruptive potential .. PlutusKuber LLC 1. Blockchain: The biggest business process “tech” innovation since the Internet! Applications: Crytocurrency, Smart-contracts, Supply Chain, Digital-identity, etc 3. Gene Editing: The biggest innovation since Darwinian evolution! Applications: Precision medicine, Disease prevention, Drug development, Crop yield, etc 2. Artificial Intelligence: The most pervasive “tech” innovation since Electricity! Applications: Bots, Intelligent Robots, Health Diagnosis, Smart Transportation, Forecasting, etc 11 The race between Enhanced Humans and Intelligent Robots has just begun …
- 12. PlutusKuber LLC Contact 12 Sandeep (Sandy) Muju Managing Director PlutusKuber LLC US Cell: +1-(323)947-7029 India Mobile: +91-9871800146 Email: smuju@plutuskuber.com Linkedin: https://www.linkedin.com/in/sandeepsandymuju/