domingo, 26 de julio de 2020

Startup founders at new 5G Open Innovation Lab explain how they’ve adjusted to the COVID-19 crisis

It’s certainly been a unique inaugural cohort for the 5G Open Innovation Lab (5G OI Lab), a new startup program funded by T-Mobile, Intel, and NASA. But participating entrepreneurs are making the most of their time, particularly as the demand for some 5G-enabled technologies accelerates amid the COVID-19 crisis.

The Bellevue, Wash.-based lab debuted in early May and will wrapped up its first program — held virtually due to the pandemic — this week.

The 14 companies are working in tandem with a variety of partners from the public and private spheres, with the goal of growing their business in the midst of an economic and health crisis.

We caught up with six of the startups to learn more about how they’ve adjusted over the past several months and how they are using 5G to their advantage. They also provided advice to other entrepreneurs. The lab is accepting applications for its fall and spring 2021 cohorts.

Taqtile founders Dirck Schou, CEO, and John Tomizuka, CTO.

Founders: Dirck Schou, CEO, and John Tomizuka, CTO.

Headquarters: Seattle, Wash.

What does your company do? Taqtile builds enterprise AR software that makes everyone an expert by arming frontline workers with an intuitive tool to easily capture knowledge, perform complex tasks, and collaborate with remote experts in previously impossible ways.

What makes you different from the competition? What’s your secret sauce? Usability. Our Manifest platform is the most complete, end-to-end AR work-instruction platform for enterprises on the market. It’s designed to be effortless for experts to capture and author their knowledge, and for frontline users to accurately, efficiently, and safely put that knowledge to use in the field.

How has your business been affected by COVID-19 and how are you adapting? While COVID-19 has delayed several companies from deploying enterprise solutions, we’ve seen significant new interest in Manifest by demonstrating how feasible and beneficial remote work processes and distance-enabling technologies can be.

How are you using 5G technology? How does it make a difference for your company? Our Manifest AR platform works amazingly well on today’s commonly used networks, and it will be even more powerful on 5G. Most noticeably, the edge-computing design of 5G is going to dramatically improve throughput, resolve latency issues, and increase security for enterprise customers.

What’s one piece of advice you’d give other entrepreneurs who are just starting out? Prepare for a marathon, not a sprint. Establish your cheering section of believers and cultivate your connectors because you never know where you’ll encounter that one connection that is going to change your business’ trajectory. And refine your ability to write and articulate what makes you unique. Your customers, employees, and investors buy the story, not the technology.

Numurus founders Jason Seawall, CEO, and Ian McKissick, COO.

Founders: Jason Seawall, CEO, and Ian McKissick, COO.

Headquarters: Seattle, Wash.

What does your company do? Numurus offers B2B connectivity solutions between edge devices and cloud services focused on industrial and defense applications. Numurus’ flagship product NEPI is a smart IoT subscription platform that combines a secure IoT backbone, edge-device management, and cloud-portal management, with integrated AI services. With NEPI, product developers can rapidly transform their sensors and robotic technologies into smart IoT enabled solutions making them both more capable and more valuable to the end customer.

What makes you different from the competition? What’s your secret sauce? NEPI provides device manufacturers with a turnkey, affordable solution to meet the growing demands for Industry 4.0 capabilities. Instead of expensive and time-consuming in-house development, NEPI delivers the smart link that can bring an IoT application to the market in a competitive time frame. For a sensor or robot company, NEPI is the secret sauce that gets its commercial application to market and more profitable!

How has your business been affected by COVID-19 and how are you adapting? Today’s current situation related to COVID-19 has further motivated many asset operators to increase the adoption of smart device deployments that can reduce on-site personnel and ensure operational continuity. NEPI is working with companies to develop smart IoT applications that can support remote device management, remote facility maintenance, and inspection.

How are you using 5G technology? How does it make a difference for your company? Numurus’ NEPI platform provides integrated communications gateways for our IoT customers. Adding the 5G support, with its high bandwidth and low-latency characteristics, opens up new NEPI use-cases related to augmented reality, robotic teleoperations, and distributed artificial intelligence.

What’s one piece of advice you’d give other entrepreneurs who are just starting out? First, clearly define what your company does, not the underlying technology, and use that statement consistently, both internally for road-mapping and externally with potential customers. Second, build an MVP product and start bringing in revenue as fast as possible. Third, don’t give up!

Kristopher Francisco, Founder/CEO of Evolute.

Founders: Kristopher Francisco, CEO.

Headquarters: San Francisco, Calif.

What does your company do? Evolute enables Fortune 500 IT Managers to run software at the edge without a human operator. Unlike VMware, we can transform software to its most modular form, scale it up and down as a service, and manage without human intervention.

What makes you different from the competition? What’s your secret sauce? Evolute has Infrastructure AI, which allows us to seamlessly understand and transform software into its most modular and transportable form. With this deep level of insight, unlike other competitors, we can manage and operate the software at the edge without a human operator.

For companies in the energy industry, the cost of IT interruption or data loss to drilling can be up to $25K/hour. With an average of 70 deployments, for flagship edge teams, we’re saving over $1.75M/hour in no downtime computing. This ability to remove the human operator increases the value of the IT function and translates to $100M of business impact in the first year, for IoT and energy providers, for example, at the edge.

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