2. • Convert Engineering Projects into Products
• Students often make innovative projects but without proper
finishing
• Make Academic projects with market approach
Example: Water level sensor for homes
Fire Safety and Precaution Robots
Innovative Home Cleaning Robots & Systems
Home Automation Products
Solar Invertors
3. In 20th Century Technopreneurs
• Albert Einstein
• Marie Curie
• Max Plank
• Edwin Schrödinger
• Neil Bohr and others…..
4. In 21st Century Technopreneurs
• Steve Jobs,
• Elon Musk,
• Mark Zuckerberg,
• Bill Gates,
• Jack Ma, and so on.
5. We are living in the era of entrepreneurship and the growth of
entrepreneurship produces new jobs and creates new opportunities to
improve infrastructure for better quality of services and life thus, is in the
best interest of every country’s economic growth.
As a matter of fact, in past few years, many governments have launched
initiatives to support entrepreneurship in their respective countries. While
such initiatives are a very welcoming change, policymakers & entrepreneurs
also need to be aware of the technologies that will create the most
opportunities in future.
6. 3D Printers:
Manufacturing
Selling
On Demand Product Design
Example Product
Design Solution:
Faster Production
Cost Effectiveness
Creative Designs &
Customization Freedom
Unlimited Shapes & Geometry
Less Waste Production
7. DESIGN MARKET
Bio Printing In Health Science
Drug Printing
Die Dentistry
Robots
Guns
Gadgets & Folders
Toys etc……
8. Here are 5 technologies that are currently piloting the growth of
entrepreneurship and creating new industries altogether along the
way…
• Internet of Things (IoT)
• Wearables
• Artificial Intelligence (AI)
• Virtual & Augmented Reality (VR/AR)
• Drones
9. INTERNET OF THINGS (IOT)
What used to be science fiction a few decades ago, even
a few years ago, has now turned into reality with the
internet of things (IoT).
Smart refrigerators that know whenever you are running
out of milk and order the usual quantity from nearby
store; smart grills that let you know when your food is
cooked the right amount; smart homes that turn on
lights, AC, TV with your favorite channel just before
you return from office; and so on.
10. There are thousands of ways in which the IoTs have made our lives
easier, and there are thousands of more ways in which they still could.
The sheer amount of opportunities this technology offers is also
reflected in the fact that IoT startups funding is on constant rise. And it
is estimated that the IoT sector will receive about $4.8 trillion in
investment over the next 5 years.
11. WEARABLES
From portable to pocket-able and now to wearable,
technology has taken giant leaps in recent decades to
become an inseparable part of our life, or should we
say ‘of our body’.
In past couple of years, there have been many
incidences when wearable devices have saved
people’s life (specifically, by alerting them of their
abnormal heart rate). Besides healthcare monitoring,
wearables are extensively used for safety & tracking
purposes. But the most exciting uses of wearables
appear when they are coupled with other emerging
technologies like AR/VR & Neuroscience.
12. VR headsets are already commonplace (at least on the internet). Smart
glasses are also on their way out of the research labs. And with
Neuroscience, it seems like there’s a whole new dimension of wearable
technology applications.
Today, there are various neurotechnology based wearable devices that
help people reduce stress, improve memory, improve sleep, enhance
cognitive abilities, control physical objects (only IoTs though), and so on.
And for the most part, we have only begun; there is a whole new world of
opportunities to explore in the field.
13. ARTIFICIAL
INTELLIGENCE (AI)
In 2001, Steven Spielberg’s sci-fi movie A.I.
Artificial Intelligence gave us sneak peeks into
the future of artificial intelligence & robotics.
Now, 16 years later, we may not have reached
the point where the movie’s plot was based
(much to Elon Musk’s relief), but AI as a
technology has gone through some major
improvements.
14. Primarily based on machine learning, AI is already
making our lives easier & exciting – whether it is
through Tesla’s self-driving smart cars, Apple’s Siri, or
through home assistants by Amazon, Google, & now
Apple.
Besides these, AI is being extensively used for fraud
detection, for personalizing shopping experience &
customer support in the ecommerce sector, and so on.
The development in the AI arena, though, is actually
driven by hundreds of startups, which are collectively
exploring what we can do with this futuristic
technology. And it is evident in the number of AI-based
startups which had been acquired by tech giants in past
few years (as shown in the chart below).
15. VIRTUAL & AUGMENTED
REALITY (VR/AR)
AR & VR have been around for quite some time
now, but in past couple of years, these technologies
have significantly narrowed down the difference
between the real & the virtual world.
With iOS 11 already out, developers have started
to explore the massive potential of the
ARKit. And there’s no denying the fact, it will
continue to persuade developers to create more
innovative AR based apps, thus, create new
startups; while also revolutionizing the whole
smartphone experience in the process.
16. VR games & movies are already transforming the entertainment industry. Use of
AR by home décor retailers (online & offline), museums, etc. is also in quick
adoption. And during Google’s May 2017 Keynote, we saw how AR can be
helpful in day-to-day life through Google Lens. Moreover, a month later (June
2017), Apple also launched its ARKit that will make AR experiences
mainstream by enabling it on every iOS 11 device (so people can turn their
worktable into battlefields)
17. DRONES
Tesla Motors is currently in the
limelight for being on the verge of
revolutionizing the transportation
industry with better & affordable
electric cars. However, an entirely
different & probably even bigger
transportation revolution is also in the
happening – drones.
18. Today, drones are being extensively used for good deliveries across the globe. Its other applications
include firefighting, search & rescue operations, agriculture, filming remote locations – all of which
previously required helicopters/cranes and considerably more human efforts. Plus, in past few
months, there also have been some rapid developments in the area of flying cars (such as EHANG
184) for personal transportation, which are essentially based on the drone technology.
Considering drone’s wide array of commercial applications, analysts have predicted its market will
grow more than 5 times in next five years (from $5.2 billion in 2016 to $27.1 billion in 2022).
Besides commercial uses, drones are also popular among masses for leisure activities, especially
photography. Being relatively affordable & easily accessible, drones qualify for everything a
product needs for mass adoption.
The drones are coming, and entrepreneurs will leave no stone unturned to capitalize on this
technology.
19. CONCLUSION
Many of the above mentioned technologies have already been around
for a few years now, but for the most part, they are still in their nascent
stage; therefore, far from being perfect. These imperfections, on their
own, resonate of the bundle of opportunities these sectors have to offer
to the current & the future generations of entrepreneurs.
So, it is imperative that entrepreneurs, as well as the governing
authorities promoting the startup growth in their respective countries,
pay heed to these areas of opportunities and start capitalizing on them.
