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Jan 17, Download Outlook Business - February magazine for free from ebook biz. To download click on the following link. Business Articles by Print Edition for Outlook Business. All stories by Print Edition for Business Development, ideas and stories. India's best and most read business magazine. Outlook Business chronicles inspiring stories of women entrepreneurs and changemakers who 'conquered the .
HEG promoter-related entities cash in on the Rs. Gilded Girls With a few millions, you can upgrade your bachelorette parties from naughty to sinfully indulgent. Digital Spartan Cal Newport in Digital Minimalism shows us how to break the spell our screens have cast.
Making Sense of Rationale Tim Harford of the Financial Times reveals how everyone almost all the time complies by the rules of logic. C'est la vie. Off-Road Bliss. Gilded Girls. The Eclipse of A Star. Losing battle. First Moving Online. Fire in the belly. The Big Story. Friends with Benefits. Talking stock. Moment Of Reckoning. Content Farming. Wind beneath my wings. Laffer Curve. Big Story. Sit up and watch. Water on Wheels. India's Best Fund Managers State of the Economy Where the Rich are Investing The Power Of I The Outperformers Techtonic The Berkshire Special It lays the foundation for a digital society that will build on the growing internet penetration in the country.
The time from lab to land in our country is much longer than what it needs to be. Moreover, developed nations have already completed their digital transition and have taken the lead in artificial intelligence, machine learning, robotics, 3D printing and cloud. Hence, we too need initiatives to make the transition as swiftly as we can. There are professors in IITs who are already teaching and working on artificial intelligence. Industrial labs are already using machine learning to create new molecular frameworks.
Even in agriculture, machine learning can get farmers to predict the response of the soil to particular seeds better. Now, we.
The principal objective of the scheme is to take forward an innovative society concept. One of its components involves setting up of Atal Tinkering Labs, and we have already set up 2, labs across primary and secondary schools. Over the next one year, we will put up 5, labs and the target over the next five years is to set up 30, labs. The idea is to encourage and excite primary and secondary school level children about new technologies not through rote, but by innovation.
All of this at no extra cost for students. For example, all the labs have 3D printers, optic sensors, motherboards that go into a mobile and so forth. The target groups are children from 5th to 12th standard. These labs get 2 million as grant from the Centre for equipment. The school has to provide the space, teachers, and. We are committed to set up 30, labs in five years. The icing would be if the students come up with something viable want to bring all that together.
So, the role of the task force, essentially, is to bring about the synergies. What we provide are mentors, who could be from the IITs and willing to work voluntarily with the kids in the labs. For an instance, there was this school where the 9th and 10th standard students had designed a jacket for the visually impaired. The jacket had optic sensors connected to a walking stick, to let the users know exactly what was in their immediate vicinity.
Instead of just tapping around things with the stick as the visually impaired usually do, now they would virtually know where they are going. For children to be exposed to such an innovation is simply incredible. We are committed to set up a lab in every district.
The icing on the cake would be if these young students can come up with something patentable and, if not, at least something that is com-. An ideal situation is that the tinkering lab produces an idea that can go into the incubation centre and later turn into a full-fledged innovation. Unfortunately, the narrative around all of us is of technology versus jobs or technology versus humans. That should not be the narrative in a young country like ours, but it continues to be so.
What we want to achieve in the tinkering labs is the lack of fear about embracing technology. How is the incubation playing out? It is, essentially, just a way of reinforcing the ongoing start-up and incubation movement underway in the country, and infuse more synergy into the ecosystem.
For example, the government is setting up incubation centres in IITs to get them to work together closely. Also, the incubation centres could be connected to, say, the CSIR.
So, the idea is to have an integrated mechanism where one can take innovation from start to fruition. Of the 19 incubation centres sanctioned, 13 have already been set up and each centre has been allocated a grant of million. What kind of innovation is underway at these centres? For now, each incubation centre gets million in funding and is also inter-connected to industries and universities. The idea is to help small and medium enterprises SMEs to adopt new technologies and take away the fear that these new technologies will create a huge disruption.
Can you elaborate on that? The programme is the first-ever attempt to create an ecosystem where SMEs will be encouraged to innovate by allocating resources and helping them to commercialise the innovation. For example, work closely with SME s in textiles, which are more likely to be impacted by changes in technology and AI.
So, you will have academic expertise interfacing real time with SMEs and finding solutions to their problems. The idea is to find high technology solutions for day-to-day problems and never let the situation of jobs. The third aspect is about skilling and involves doubling or tripling our apprenticeship system. We want at least 10 million apprentices in this country ready for jobs of tomorrow, otherwise the industry will not offer them jobs.
Apprenticeship, in my view, is a much better option than trying to continuously skill and catchup because by the time you finish the skilling, the dynamics would have changed. They get young people to learn on the job for six months to a year, and the government pays a stipend. It should not be seen as a fiscal burden, and the government should give as much stipend as needed to encourage this culture.
In fact, we have the. The next stage of cooperative federalism is competitive federalism. For example, states can be ranked on how effectively their wellness centres are using telemedicine and so forth.
The idea is to rank states based on performance. Think Strawberries on a fast moving trajectory in … announces new clients Since the inception of a new vision to lead the travel representation sector, the brand has been globalised by building company systems, implementing professional management structures, pioneering SOPs and adopting best practices.
Thus, creating an eco-system of a management driven organisation, which paves way for enterprise driven ownership as opposed to individual driven ownership. In sync with their new narrative, they consciously re-constructed their client portfolio that positions them to leapfrog their expansion and growth strategy, showcasing them as full services provider.
The company owns a number of intellectual properties cultivated through their business activities over the years. Added to its investments in technology, the enterprise brings deep knowledge and equity to the marketplace. The organisation is firmly focused on forging ahead by investing in strategic partnerships. In the coming months, the company will be building on its success story, making additional announcements around developments which are afoot to diversify with key alliances and new ventures; these will straddle several geographies with high potential - making Think Strawberries a global player in its domain.
It covers everything from smartphone behaviour to changing consumption patterns online.
Following are some key extracts:. For the first time, global smartphone demand dipped as shipments declined by 0. That is despite the continuous decline in the average selling price of smartphones. However, engagement with devices is increasing substantially. Time spent on mobile, engaging with digital media, is now 3. Digital media engagement through desktop and laptop stands at 2.
As a result, there has been a spurt in the number of online long-form video providers, touching tens of millions of paying subscribers in China. Meeker believes simplicity, speed, and ease of use of new devices are driving digital consumption.
The other catalysts include messaging, video, voice and mobile payments. Importantly, the installed base of site Echo, powered by virtual assistant Alexa, grew from 20 million in the third quarter to 30 million in the last quarter of While social media penetration has reached a third of consumers in the US, daily user engagement on social networks, too, has increased to minutes.
This is creating an efficient product discovery mechanism with most downloaders downloading products after locating them on the social media. But the report states that traditional digital channels such as email and search will continue to drive bulk of the referrals for the next few years. According to Meeker, this shows that, globally, people are interested in upskilling and open to lifelong learning as tools get better and more accessible.
Machine learning, neural networks, deeper learning, and an introduction to mathematical thinking are the top courses in demand. Interestingly, North America leads as the region with the highest number of learners, followed by Asia, Europe, South America, and Africa.
From this pool of hitech ventures all over the world, we list 15 start-ups that have been successful in marrying innovation and impact. Israel Founders: Didier Toubia and Shulamit Levenberg Category: Food technology, 3D printing. The artificial meat tastes and feels very much like actual beef.
United States Founder: Michael Suffredini Category: Aerospace The Houston-based Axiom is looking to develop a private space station that will com-. It aims to change the traditional way of producing meat by creating a sustainable alternative.
The start-up is printing three dimensional beef by replicating cow cells. Aleph uses a technology whereby four types of meat cells — muscle fiber, fat, connective tissue and blood vessels — are used to create a complex 3D model of beef. The startup is building its first module, which will be attached to the ISS by It will detach itself once the international laboratory shuts.
Unlike the ISS, this will cater to astronauts, researchers, scientists, entrepreneurs and tourists alike. It will encourage in-orbit research and commercial testing of new technologies by private companies, and promote space tourism.
However, its main revenue will be from countries that wish to send their astronauts to space. Other forms of revenue will be exploration support, scientific research, manufacturing and sponsorships.
France Founders: It will also help the elderly through features such as fall detection, medical reminders and act as a family calendar. Canada Founders: Gordon Keller and Lorenz Studer Category: Aerospace Eviation aims to make air travel eco-friendly, regional, and more importantly, cheaper with its Alice Commuter. It is developing electrical.
It uses Kokam batteries that can help it stay in the air for about 21 hours with a charging time of 10 minutes. It promises to have lower operating and maintenance costs than traditional aircraft.
United States Founders: Gabriel Otte and Riley Ennis Category: Biotechnology, machine learning Freenome is dedicated to detecting cancer in its earliest stages using machine learning algorithms.
The founders have devised a way to detect cancer symptoms. The process is essentially like that of a blood test, but instead of testing sugar level and cholesterol, the machine is used for diagnosing symptoms that can lead to cancer. The start-up is looking to expand its technology to look at specific types of cancer in the human body, thereby making its technology more accurate and intensive.
Germany Founders: Lilium offers an on-demand service that makes it possible to fly to any location in the city, like a cab service. It aims at making cities jet-friendly and air travel a part of daily life.
This air taxi claims to reduce vehicle traffic on roads and also reduce pollution as the jet does not emit carbon dioxide. Its vertical landing technology makes landing and take off safe and easy. Invenshure and Mayo Clinic Category: The company is aiming to provide cost-effective pharmacogenomic solutions. The technology can provide personalised prescriptions for patients, ensuring that it does not induce hypersensitivity, hypertoxicity and cutaneous reactions. Healthcare, environmental consulting This clean-energy start-up aims to convert carbon dioxide CO2 into a profitable and clean resource.
Its reactors use a technology that performs photosynthesis on an industrial scale. The technology uses water, CO2 and electricity instead of the renewable power used by plants to convert CO2 into higher energy carbon-based products and a co-product of oxygen.
Using a metal catalyst, it converts CO2. The devices are palm-sized cube structures that can convert CO2 into 16 different products and has the conversion power of over 37, trees. The start-up is working on larger versions of the device as well. David Klimstra and Thomas Fuchs Category: After being tutored by a pathologist, the system uses AI to sort pathological slides that have anomalies from the normal ones.
This will save time for the pathologist, who can concentrate on analysing the slides. The start-up also aims to create a database of the slides so that they can be referred to when needed.
Hence, if a slide is similar to previous slides, the life cycle of that person, the impact of the disease and the effective procedures can be predicted instantly. Netherlands Founders: Joost Godee and Sjoerd Pitstra Category: It is a wearable and hands-free camera, which can capture 10 seconds of past footage along with 10 seconds of present footage, producing 20 seconds of video.
The camera can be linked to an Android or iOS phone through Bluetooth, following which, the recorded video is directly sent to the phone in low resolution. However, this video turns into high resolution once the video is saved. China Founders: Its training database has about 2 billion faces and about 10 billion videos and images as of Backed by. Alibaba, SenseTime is also supported by the government and has created a multi-billion dollar market in artificial intelligence.
Apart from security and surveillance services, it also provides software products. It applies deep learning techniques to radiology and creates AI algorithms that can read medical images and detect diseases, thereby reducing the workload of radiologists. The technology scans the images to provide accurate diagnosis and finally detects anomalies. In the future, the start-up wants to develop software to detect breast and lung cancer.
Cody Friesen Category: Environmental engineering The start-up wants to make drinking water an unlimited source. The panels use a technology that absorbs moisture from the atmosphere, dehumidifies it, and drains the water out before purifying and adding minerals to it. Depending on the climatic condition of an area, these panels can generate upto five litres of potable water a day.
The start-up, thus, claims to remove about 70, plastic bottles from circulation. These panels have been installed in 12 countries including Chile, Lebanon, Mexico, Jordan, Peru, Ecuador, the United States and Philippines, and have contributed in improving the quality and availability of drinking water in these places.
Drone, robotics Zipline was launched in to manufacture delivery drones. It was in that it started using drones to deliver medicines in Rwanda. It delivers blood products to 21 transfusing systems to places inaccessible by other means of transportation using Zip, a small robot airplane designed for a high level of safety.
It is expanding in Tanzania and the United States. The drone can fly km in a round trip and can carry 1. Professional colleges can now mean a variety of innovative streams. And the flagships? Nobody wants engineering, only a few get medical. In case of multiple magazine subscriptions in a single transaction, we will give digital access to respective magazines as well. You could tell the assistant to make an appointment or reservation and it would then make the call, talk to the person respond to questions, negotiate timing and even thank the person at the end.
While computers have been able to understand and generate natural speech, automated phone conversations are still stilted, and Duplex is the fulfilment of a long-standing goal of enabling humans to have a natural conversation with computers. At the core of Duplex is a recurring neural network which mimics a human brain, internalising past experiences and drawing from them during training.
It was faster and was even able to fi nd shortcuts when doors opened up suddenly in the maze. Navigating spaces is second nature to us because of neurons called grid cells in our brains that help us find our way.
The program was trained with data on how rodents search for food and it was able to mimic the process of navigating from one place to another. The team, which also trained the network to navigate through unfamiliar mazes through reinforcement learning, found that the neural network developed something similar to grid cells formed in human brains.
While deep-learning algorithms have always outperformed humans in areas such as diagnosis, and future prediction, they take a long time to learn. What takes us few hours to learn takes the best algorithms few hundreds of hours and a lot more data processing. According to researchers, humans are able to learn faster thanks to dopamine, a chemical in our brain that affects our emotions and plays a key role in the learning process. The potential to develop brain-like activity from AI systems, such as the one developed by DeepMind, could give scientists more insights into the complex way human brains work.
Figuring out how we control our limbs will help AI researchers come up with technology to help people control prosthetic limbs with their thoughts using brain-tomachine interfaces. Taking AI where human brains go is the next frontier says Kris Gopalakrishnan, chairman, Axilor Ventures and co-founder, Infosys, who is not only backing academic research in AI in India but also start-ups in this space.
We need to discover much.
Augmented intelligence systems should learn with much less data and have the ability to learn from the ecosystem to accelerate the training process. The real innovation behind AI is deep learning and every industry is tweaking it to break new boundaries in their space.
For instance, Breyer, who is betting big on AI, believes that healthcare will be one of the biggest beneficiaries. In healthcare, while there are several use cases, AI is now increasingly being used in the early detection of cancer by analysis of blood samples. Breyer is a lead investor in Paige. AI, a company revolutionising clinical diagnosis and treatment in oncology through AI.
AI has signed an exclusive licence with the Memorial Sloan Kettering Cancer Center to gain access to its intellectual property in computational pathology as well as exclusive rights to its library of 25 million pathology slides. It is already home to the most valuable AI company in the. The company is developing a software code, Viper, which can screen data from thousands of live feeds ranging from traffic cameras to ATMs. This will be used for mass surveillance by the government, which is already using its facial recognition and video analysis software.
While the mass surveillance sparks privacy concerns, a lot of its video analysis is being used to improve the safety of driverless cars. China has an inherent advantage when it comes to data, the fuel on which an AI engine runs.
There is no other country that comes close. Its mobile users are almost 3x that of the US and an internet base of nearly million users who are willing to experiment and adopt new technology in mobile payments or e-commerce. It has a huge pool of engineers who are pioneering AI research at their universities and more importantly, a government that is not afraid to use the huge amounts of data its citizens generate every day, for the advancement of AI.
This data is used by AI systems to improve the accuracy of its predictions and become more efficient. Paradoxically in India, it is. So, they have a better chance to work with local partners. Manipal has deployed IBM intelligence for cancer research at six of its locations.
The algorithm achieved an accuracy of The AI, which can throw up the results in seconds, is now being used by Aravind Eye Care to assist manual grading that takes hours, and will eventually replace the manual grading system.
But for some Indian start-ups such as Uniphore having site, Apple and Google in their space has worked well for them. Uniphore provides speech analytics, a virtual assistant and portable voice biometric system for its enterprise clients. A lot of enterprises are now looking to add a voice layer to their applications.
They can leverage AI not only to build applications for the local market but can also take the product global. India has one pathologist per 65, people and in China, the number is worse with one pathologist for every , Even in the US there are only 5. A shortage of pathologists means you have an overworked pathologist or a half-baked technician analysing the slides and there is a good chance they could miss something during diagnosis.
SigTuple has developed a low-cost machine that digitises blood and pathology samples by attaching smartphone and mechanical components to a regular microscope. The AI software automatically scans and analyses blood smears as well as other biological samples, tags the visual data and churns out the results in minutes.
It also provides visual evidence to easily verify the result. Since it is addressing a larger problem across countries, the company plans to go global and is planning to work towards an USFDA approval.
With a low-cost and decentralised ledger approach to managing information, blockchain gives all the parties involved access to a single database of encrypted data. It creates an audit trail each time data is changed, helping to ensure the integrity of the information. I think that value will initially accrue in administrative areas and record keeping before it reaches patient health information.
Interesting opportunities exist in provider credentialing and pharmaceutical supply chain management. Blockchain is also making its way into the world of financial services. So blockchain can play a very important role in trade finance and lending based on data. From tailgating and lane detection to speed and time to collision, the device tracks, records and analyses a whole lot of data. The device also alerts the drivers in real-time.
With most of clients in the US, the company is looking at working with OEMs and fleet owners in the domestic market. A century later, self-driving or autonomous cars are all set to do the same. Connected cars will communicate with one another to avoid accidents and traffic jams, and riders will be able to spend commuting time focusing on work and other tasks. While autonomous cars are still some time away in India, it offers Indian start-ups opportunities to come up with applications that improve the overall safety of autonomous cars or assisted driving.
Take the case of Netradyne, which provides vision-based analytics through its device — Driveri — for fleet management, automotive, security. Enterprises follow where consumers go. A lot of advancement in AI is on account of the huge amount of data generated by connected devices, made possible by the internet of things IoT. The Bengaluru-based Stellapps leverages IoT rather innovatively to improve the supply chain of dairy farms including milk production, procurement, cold chain and farmer payments.
Zenatix, on the other hand, uses advanced machine learning models to provide significant energy savings for large commercial consumers of electricity. Whether IoT, blockchain or the all-pervasive AI, each of these technologies have the ability to help industries such as manufacturing, healthcare and fi nancial services to not only break new barriers but also allow start-ups across the world to redefine the way business is done. The good news is that this is just the beginning and the best is yet to come.
Arthur Leared created a two ear piece binaural stethoscope in , and the design was later perfected by George Cammann in Ayu Devices, a start-up incubated this April by the duo, has created a device called AyuLynk to provide effective auscultation for diagnosis of heart and lung diseases. The prototype is a compact module which can amplify heart and lung sounds when attached to a conventional stethoscope.
The device can also record the sounds and convert them into an audio file which can be transferred across platforms. Adarsha and Pandey, along with Dr. Nambiraj Konar, were given the task of transferring heart and lung sound waves from one place to another. On the final day of the hackathon, the trio cracked the test. After their success, the researchers were approached by a BETiC professor, Ravi B, who offered them a fellowship to convert their fi ndings into a product.
The engineers met several doctors to understand the challenges faced by the medicos during auscultation. The researchers, then, decided to create a high quality and low-cost device to help the doctors.
The duo, thus, developed a device with features such as noise filtering, sound amplification, recording, playback, and visual representation of auscultated sounds see: Loud and clear.
The compact module can amplify heart and lung sounds when attached to a conventional stethoscope Ergonomic design.
Sound recording and sharing through computer Preserving traditional look and feel Data storage and sharing through app. While India has been successful in curbing deaths due to infectious diseases, it is facing challenges due to the rise in noncommunicable diseases such as chronic obstructive pulmonary disease COPD.
The country accounts for a quarter of deaths caused worldwide by the two most chronic respiratory diseases — COPD and asthma, according to the report. COPD was the second leading cause of death in India in , claiming , lives.
The disease is caused by chronic smoking and air pollution. In rural India, women exposed to biomass combustion fuels inside their homes are also susceptible to the disease. Lancelot Pinto, a consultant respirologist at Hinduja Hospital, asserts that it is vital to detect lung diseases at an early stage. If you diagnose it an early stage, you have the potential to intervene. Adarsha claims that with the help of their device, physicians and doctors will be well-equipped to detect abnormal heart and lung sounds at an early stage and could be even used by primary healthcare personnel such as Accredited Social Health Activists ASHA in rural regions.
The device will be helpful for patients in villages. Konar, who helped the engineers to conceptualise the device and works as an. There are currently , doctors in India with an annual addition of 50, medical students. Pinto, who currently uses the device, says a digital stethoscope can be extremely helpful for young, inexperienced doctors. Apart from him, the device is being used by Dr. Konar and Dr.
Anvey Mulay, a cardiac surgeon who works at Fortis Hospital. The other significant development is that hospitals and clinics have now started using electronic medical records EMR as the preferred method to store patient information.
Currently, there are telemedicine centres set up across India.
The staff at these centres can record heart and lung sounds of the patients and send it to doctors in urban centres for diagnoses. He also says that AyuLynk can help telemedicine centres to grow. Ayu Devices has currently received orders from doctors working in private hospitals and rural healthcare centres to make 65 devices and are targeting to sell 1, units by the end of FY While the device is priced at 11,, an imported digital stethoscope ranges between 25, and 50, Arvind Badrinarayanan and Sumukh Mysore manufacture Taal, which consists of a sensitive microphone for recording heartbeat.
It processes and amplifies sounds by passing it through various sound filters. Taal also comprises a circular hardware device, which is paired with a smartphone app to function across species from hummingbirds to humans.
Unperturbed by competition, Adarsha says AyuLynk has an edge over its competitors.
AyuLynk is more suitable for us than other devices. With a digital stethoscope, a doctor can repeatedly hear the sounds and determine whether to proceed with tests —DR. Our device has maintained the look and feel of a stethoscope.
He also asserts that their device is designed based on the functional requirements of Indian doctors. SINE has invested , and has offered to invest a further 3 million for a larger stake in the company. The researchers want to further upgrade their device by installing Bluetooth for wireless connectivity.
They also plan to install a software which will help doctors detect abnormalities while the examination is underway. Currently, it takes 15 years of practice for any doctor to become an expert at spotting abnormalities in heartbeats and lungs. How quickly Ayu Devices will be able to scale up its operations will depend on how fast the medical fraternity warms up to the invention, but for now it has got the rhythm going.
Paradoxically, internet connectivity continues to be a challenge in many parts of the world. And this is the very challenge that Neha Satak and Prasad Bhat are trying to solve through their start-up, Astrome. Founded in , Astrome is a technology company that aims to provide high-speed broadband internet from space. Over the past three years, the team at Astrome has been working hard at perfecting the core technology of their microsatellite, which will provide high-speed internet connection of Gigabits per second as opposed to current capacity of 8 Gbps with their patented MM wave technology.
Traditional cellular systems also transmit information in the form of radio waves, but those waves have longer wavelengths. The start-up currently has a working lab hardware, which demonstrates this highspeed connectivity in a controlled environment.
In , Astrome plans to launch one test satellite, and a constellation of microsatellites in the low earth orbit LEO by Once launched, Astrome will be able to provide internet connectivity in any developing country in a cost effective manner. Although launching satellites is expensive, just four satellites will cover the entire length and breadth of India.
Compare that to the number of mobile towers that would be required to do the same and it is easy to understand why beaming internet from space is a better solution than optic fibre cables. Similarly, a satellite serving users in India now, might serve users in Indonesia a few minutes later, and go over South America a few more minutes later. Satak explains that fibre concentrates the capacity to a particular region while satellites distribute it over a very large area.
Also, companies such as Vector Launch and Rocket Lab have substantially reduced the cost of launching a microsatellite in space.
In semi-urban and rural areas, spacebased internet is x cheaper than any of the current methods of internet delivery. This suits perfectly well while launching constellations of small and microsatellites, which offer cost saving advantage in terms of satellite manufacturing and launch.
You can literally piggyback them in rockets carrying bigger satellites. They were part of a common microsatellite project called Aerosat. Though they parted ways, the seeds of the idea had already been sown, and both were determined to get back to the space sector and contribute something meaningful. Taking his advice, Satak and Bhat briefly worked on a research and development consultation project for a US -based company, and later went on to start Astrome.
The founders began looking at critical problems that needed to be solved, and internet connectivity happened to be the obvious answer. Bhat adds that they observed a very strong disparity in the availability of internet in urban and rural areas.
Also, while a satellite can cover an area of 1, 1, km diameter, a tower covers hardly a kilometer of radius. Companies such as OneWeb and SpaceX are planning to launch microsatellites to cover the entire globe. There is a strong disparity in the availability of internet in urban and rural areas. The institution not only gave them access to office space, but also an entire ecosystem of professors who handheld them in the initial phase and helped them connect to potential investors.
Astrome fitted the bill perfectly. Here was a company that could revolutionalise the way broadband would be delivered to the end users, anytime, anywhere. IISc also invested an undisclosed amount in Astrome. It took about two years for the 20 -member team at Astrome to get the hardware right. While some parts have been fabricated outside India, most of the manufacturing is done in India. Fortunately, the technology development and proving phases required about 10x less capital than if it had been manufactured in a developed country.
The founders refuse to share the selling price, but are confident of breaking even within two years of launching their microsatellites. They hope that with the launch, satellite internet infrastructure would become an integral part of telecom networks. But with our price point, it will become an inte-.
This is primarily because geostationary orbits are at an altitude of 36, km and give low capacity and high latency. However, satellites launched today are in the low earth orbit at about 1, km height and gives low latency and faster speed. Thanks to this, watching a high-definition video in a village or making a video call is possible without a lag. The revenue for Astrome would largely come in from three sources.
Firstly, home users who can access the internet via just an antenna and a router. If you are comparing with ground infrastructure-based internet, our prices will be at par with the prices in urban areas today. However, the quality and reach of our service will be much better. Instead of laying fibre optics cable to their towers in rural areas, they can simply have an equipment similar to home users and connect to the satellite for backhaul.
The satellite can then patch the network. Essentially, the satellite will help telcos to reach those points and deliver traffic into their network. Astrome is thus looking at a B2C as well as B2B revenue model. With no last mile infrastructure required, Astrome can cover all of India and several other countries in a very short period.
Home users can expect speeds upto 50 Mbps and business can expect upto Mbps. But there is one major challenge for the founders to overcome before the pilot launch. And that is permissions, which Satak chooses to be tight-lipped about due to privacy concerns. She does explain that launching something in space requires the permission of international as well as government bodies.
We would love to start [our services] from India. Meanwhile, competition is on the rise. Facebook and Google, too, have been working on launching satellites for faster internet connectivity. But it is up to us to stay ahead. We also have a technical roadmap where we will keep innovating further. Meanwhile, the team is working on building satellites with better throughputs the total volume of the data that is allowed to be transferred — both upload and download activity.
It remains to be seen if Astrome manages to successfully stick to its timelines, but one thing is for sure: From a low-cost scanner and 3D printer to developing a technique to fast-track jaw surgery — by making a customised implant using 3D printing — Patil has several innovations to his credit.
Thus, when a Google start-up event was held in the campus in , it was the perfect opportunity for him to display his skills. The trio formed a team, as their area of interest matched, and made a 3D fracture cast which won them the first prize. I was interested in hardware, Pankaj in software and Abhishek in algorithms.
AjnaLens enables trial and error in construction design with its digital holograms. Cut to , the trio is very close to achieving this dream. Their company, Dimension NXG, is the only Indian start-up to have created an augmented reality AR headset that is set to change the way humans see the world. The AR headset, called AjnaLens, employs mixed reality to enable the physical and digital worlds to co-exist in real time.
This enables them to have a more immersive and interactive experience. In September this year, AjnaLens will be launched for enterprises, followed by a launch for consumers by AjnaLens enables digital and real worlds to co-exist, by creating holograms that are displayed in real life instead of a screen. However, their innovation is sure to put India on the world map, being the only Indian start-up to have designed an AR headset and only the fourth player globally.
Tomar, who is the chief technology officer, mentions that Ajna roughly translates to the power of sixth sense and is like the third eye. But if you do the same through digital holograms, then you can break and build it back as many times as you want.
This results in a reduced need to download machines and equipment, making it more cost-effective and reducing time-to-market considerably when it comes to new product development. Similarly milarly, in education education, AjnaLens can be used for digital teleportation — doctors. AjnaLens is also expected to have a huge impact in the medical field. Holograms can be used to replace cadavers that medical institutes often fall short of.
Ramasubramaniam adds that Dimension has iterated and evolved, to stay relevant to market needs, and has been a strong follower of the mantra — fail fast. A wider field of vision ensures that you can see more objects at a time and that a hologram can be seen in its entirety.
Outlook Money September 2018 Magazine Free PDF Download
Once the headset is worn, it supports voice, gesture, headse aze inputs. As a result, the user and ga. AjnaLens merges worlld mapping, computer vision and d artificial intelligence to deliver de ll highquality visu ualisation of real as welll as virtual objects.
All they need to do is wear AjnaLens and wait for their holograms to appear at their respective locations. The user can also touch, pinch to zoom in and out and interact seamlessly with the hologram. A sophisticated merger of world mapping, computer vision and artificial intelligence enables AjnaLens to deliver high-quality visualisation of real. While the current version of AjnaLens has an external computing source connected with a wire, Tomar explains that they are working on a headset that will be wireless.
A prototype of this version, meant for consumers, will be rolled out by The company has also filed for two patents. Patil points out that there are just four companies globally working on this technology — Microsoft HoloLens , Google Magic Leap and Meta. He believes that the technology offered by AjnaLens is superior than most of its peers.
Size would play an important role in determining the adoption of these headsets, as it needs to be easy and light to be comfortable to wear. Dimension seems to have kept that in mind. Among the most difficult part was developing the hardware. When they founded the startup in , the trio bootstrapped it with 1 million and cracked the software part in 18 months.
To overcome this hurdle, the founders started making components such as sensors and 3D printers to print prototypes on their own. Some parts of the hardware are imported while the rest are manufactured in Bengaluru.
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The lens is manufactured in Pune and the casing in Mumbai. Then there was also the question of raising enough capital to sustain the start-up and keep it going. It is like a painting. They also raised 2. It is pertinent for us as a country to have a strong hardware ecosystem. The first prototype of AjnaLens was ready in , after which the start-up piloted the product with companies, across medical, enterprise training, real estate and defence sectors.
The first batch of AjnaLens will be manufactured in India and launched in September. It is expected to generate revenue of 1 million by the year end through B2B sales. Patil says the decision to go B2B first was because the use-cases are more in that.
The team has also struck partnerships with Facebook and Qualcomm. The chips in Ajna will be powered by Qualcomm, while it is still exploring possible use-cases with Facebook. Anshul Gupta, research director, Gartner, believes immersive technologies such as augmented reality AR and virtual reality VR offer huge growth potential for vendors.
Gupta adds that most of the products and solutions are early stage and are fast evolving, resulting in niche applications.
The first batch of AjnaLens, which will be launched in September, is expected to generate revenue of 1 million by this year end In order to diversify the use cases, the founders have come up with a unique model. The main goal is to evolve the ecosystem. Our future is that developers download our hardware, take the SDK software developers kit , develop their own application and sell it to the market.
Like Android became powerful after apps were developed for it, similarly AjnaLens would be more effective when developers can create their own applications for it. Armed with a first-mover advantage, the co-founders are confident of disrupting the market with their superior technology and cost-effective innovation once it is launched later this year.
A decade down the line, Patil envisions a scene where everyone will be wearing AjnaLens and working, watching content or checking emails through screens in the virtual space. Among the open green spaces and bushes dotted with academic and residential buildings, one can spot a few birds not commonly seen in cities. As I sip coffee, a baby mantis nonchalantly hops across my table. After a hot cuppa, I find myself making my way through the lush green 20 -acre campus. Nanda and Rao are scientists working at a five-year-old incubatee, Pandorum Technologies, inconspicuously tucked in a corner of the NCBS.
Ask Arun Chandru, co-founder of the start-up, and he would tell you that Pandorum is essentially a tissue engineering company. The 13 -member team has been developing liver tissues and corneal tissues — the former aimed at helping medical research purposes and the latter for clinical application. Drug testing has been an expensive and time-consuming affair for pharma companies across the globe.
The compounds designed to treat a particular ailment initially goes through computer screening and several tests to determine their toxicity and safety. Then comes animal testing followed by multiple phases of human trials. The entire process takes about six to 10 years, costing companies a few billion dollars.
However, nine out of 10 human trials fail due to detection of toxicity. Also in two-dimensional human cell culture, if you take a liver cell or a cardiac cell and grow it on a flat plate, they lose their functionality within a couple of days.
So, over the past decade, scientists across the world have been working to engineer. These can stay alive for a couple of months, thus allowing repeated testing, and fits well into the drug discovery process as pharma companies can use them as a platform for medical research and weed out certain toxicity causing molecules before commencing human trials.
While companies such as InSphero in Switzerland and Prellis Biologics and Humacyl in the US are into tissue engineering, what makes Pandorum stand out is its exclusive focus on liver tissues in the pre-clinical space and corneal tissue implantation, which is the first of its kind in the world.
Either it will damage the liver or the liver will damage it.Where the Rich are Investing He believes that the technology offered by AjnaLens is superior than most of its peers. With this AI solution, Visit aims to address a major structural issue: Armed with a first-mover advantage, the co-founders are confident of disrupting the market with their superior technology and cost-effective innovation once it is launched later this year.
The engineers met several doctors to understand the challenges faced by the medicos during auscultation.
Outlook Money September 2018 Magazine Free PDF Download
Social stigma, lack of donors, lack of skilled surgeons to handle the complex procedure and the high expenses involved lead to the dismal numbers. The founders refuse to share the selling price, but are confident of breaking even within two years of launching their microsatellites. The start-up also aims to create a database of the slides so that they can be referred to when needed.
Hence, if a slide is similar to previous slides, the life cycle of that person, the impact of the disease and the effective procedures can be predicted instantly.