it’s not what we make, it’s what we make possible.€¦ · been undertaken by governments,...
TRANSCRIPT
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It’s not what we make, It’s what we make possible.
G L O B A L I N N O V A T I O N & E N T R E P R E N E U R S H I P S H O W C A S E
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Index
Foreword. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . .
Connecting Businesses, Cutting Costs Wormhole IT, Argentina . . . . . . . . . . . . . . . 4
The Power of Green SiliconReef, Brazil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
A Brainwave that can Improve Lives Active Rehabilitation, China . . . . . . . . . . . . . . . . . . . . . . 8
Taking Away the Pain Factor Ihealth, China . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Saving Lives, Saving Costs NKU Healthcare Medicine, China . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Conserving Water for Tomorrow with Technology Filsel, Colombia . . . . . . . . . . . . . . . . . . . . . 14
Intuitive Innovative Breakthrough for a Smarter Product Algorithm Innovations, Egypt . . . 16
A Vision for a Brighter Tomorrow SurgicEye, Germany . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Mastering the Climate with Innovative Technology Dhama Apparel, India . . . . . . . . . . . . . . . 20
Fighting Burn Trauma by Technology Polyskin, India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Backtyping is the Way Forward Grippity, Israel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Accurate Detection for Precise Treatment Echopixel, Mexico . . . . . . . . . . . . . . . . . . . . . . . . . . 26
3A Smart Idea for a Critical Challenge Re Derm, Russia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Enabling the Disabled Gravitonus, Russia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
. . . . . . . . .
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FOREWORD
Dear Friends,
Entrepreneurship has been demonstrated to be a global driver of innovation, technology commercialization,
business model adaptation, human potential development and value creation. How can the power of
entrepreneurship be harnessed and put to work in diverse economies around the world? This challenge has
been undertaken by governments, educational institutions, social service organizations in partnership with
entrepreneurs, business leaders and private enterprises in many settings and combinations.
For the last six years Intel Corporation, in partnership with various universities and governments, has
contributed to this process through the Intel Entrepreneurship program. The Intel Entrepreneurship Challenge
founded in 2005, today has expanded to 15+ countries through leadership symposiums, faculty colloquiums,
curriculum seminars and the Intel Challenge - regional business plan competitions.
In partnership with the Haas School of Business, University of California Berkeley, the Intel Entrepreneurship
programs provided faculty from around the world with information on how to create and operate a multi-
disciplinary, multi-functional entrepreneurship center. As part of the training, selected faculty leaders from
around the world were recognized as having been chosen as leaders in their geographies and encouraged to
receive valuable training that will allow them to help others create successful entrepreneurship centers. This
effort has yielded significant positive results not just by enhancing training and education in classrooms
around the world but has also encouraged students to convert their ideas into reality by participating at the
Intel Challenge. At the Intel Challenge, thousands of business plans are reviewed every year out of which 25
are invited to participate at the global finals - the Intel+Berkeley Technology Entrepreneurship Challenge
(IBTEC). These programs link together to build a complete program for building entrepreneurship education and
entrepreneurial spirit and activity throughout the world.
To encourage and inspire next generation innovators, we have put together this innovation and
entrepreneurship showcase comprised of 14 selected teams that have participated in IBTEC. I hope you enjoy
reading their amazing stories.
Sincerely,
Isaura S. Gaeta
Director, CAG Global Program Office
Corporate Affairs, Intel Corporation
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Connecting Businesses,
Cutting Costs: Wormhole IT
Sally Buberman was working as a tutor for two well-known
companies in the US. She used to give lectures over the Internet
with an online whiteboard and a simple chat application. The
results were so impressive that it gave rise to a business idea.
Thus Wormhole IT was incorporated in Buenos Aires, Argentina
in late 2007. The company was founded by Buberman and her
friends Ignacio López, Maximiliano Menasches and Juan Ignacio
Frecha - a group of young professionals and students with
different degrees in engineering.
Buberman recalls, “We started thinking along the lines of what
could happen if we develop a complete feature set of web
conferencing product for online learning, work sessions and
event transmission. With that idea in mind, we started the
development of our first prototype and we competed in several
business plan competitions.”
Before incorporating the company, the team toiled for an entire
year during their spare time (between full time jobs and schools)
to develop the first prototype to validate their business idea.
INNOVATOR TRIVIA
Role Model:
Favorite Business Book:
Favorite Social Media:
The cell phone that I presently own:
Favorite Laptop Brand:
Favorite App:
Favorite Holiday Destination:
One inspiring quote that has made me
what I am today:
Three values that are extremely important
to my business:
The most inspiring moment in my
childhood:
The funniest incident in my life:
To me,
My parents
The Art of Start
YouTube
Blackberry
Toshiba
Plants vs Zombies
Europe
Treat every human being
with the respect they deserve and dedicate
enough time to listen to them.
Honesty, consciousness
and focus.
When I realized that I was capable
of achieving my dreams if I work hard.
I had to
dress up as a giant clock during a literature
conference to help a friend promote his book
for children. It was very embarrassing but I
felt fine after being useful.
Intel is the synonym of outstanding
quality of products.
Sally Buberman
Argentina
Currently, the team at Wormhole IT comprises of 15 people: Four
founders/directors, three graphic designers, and eight
developers. The team in 2009 had a turnover of $320,000.
The web conference suite of products by Wormhole IT is
designed for small and medium businesses (SMBs). The SMBs in
Latin America and other emerging market do not have enough
money to have their own IT staff, and they invest a lot of money
on IT solutions.
With Wormhole IT’s suite of web conferencing products, SMBs
can be more productive by saving on time and money. “We aim
at becoming the emerging market standard of cloud computing
web conference solutions for SMBs through partnership with
telecommunication companies and vertical integrators. These
days, we are working with Iplan, Xfly and IP-Tel in Argentina,
Powercom in Thailand and Telconet in Ecuador and they are
offering our solutions to their customer base,” says Ignacio
Lopez.
Wormhole IT’s products allow people to communicate at a very
low cost by improving their productivity and performance.
Besides this, they enable users to save time and money on
traveling, which also help decrease CO2 emissions.
“We faced many challenges. Once you overcome one challenge, a
new one, completely different, appears,” observes Buberman.
IDENTIFYING CUSTOMERS
CHALLENGES FACED
4
Initial Investment $3,000
2009 Turnover $320,000
2012 Expected Turnover* $19,000,000
Number of Customers 500
Area of Operations Latin America, Asia
F A C T F I L E
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The first issue the team had to solve was lack of money, and
then hiring their first employee. When the company started off,
the team had no money. They adopted a bootstrapping strategy
by selling custom software applications and graphic designs to
generate enough cash flow to support research and
development. With that strategy they invested more than
$160,000.
“The initial investment was just $3,000 that came from few
savings and holidays that we did not take,” she recalls.
Currently, the team’s main challenge is the scaling-up process.
“We are learning everyday and since we decided to follow a
channel distribution model, we need to improve our skills to sell
more accounts every month,” says Ignacio.
About hiring good human resources, Buberman says, “We had to
learn how to hire good employees and to recognize their good
skills. We worked with a psychologist specialized in working skills
who helped us and taught us how to organize a good job
interview. With her advice we created a great way to post job
requirement announcements and managed to grab the attention
of young students. We also developed the Worm Academy, a
training program for developers and graphic designers, which
helped us keep our team members motivated and encouraged
them to keep improving their knowledge.”
The company plans to build its visibility by marketing its
products in social media and social networking sites. Wormhole
IT is also working with two other companies with a specialized
initiative focused on sales and marketing that are improving the
company’s materials, collaterals and website.
In the next three years, the company is planning to double their
team size by adding more graphic designers and developers and
also incorporating sales and marketing professionals. “We have
developed a plan and we are incorporating people as long as the
business allows it,” says Ignacio.
The company already has traction with more than 500
customers around Latin America and Asia, five business partners
and few others in negotiations. This shows that there are great
business opportunities in Latin America and Asia and the team
has developed a good strategy to quickly capitalize on it.
Wormhole IT is currently looking for VC funding.
The company plans to realize a turnover of $19,000,000 by
2012. “We see ourselves selling our company to a big
multinational player after generating value to millions of people
around the world,” says Ignacio.
THE ROAD AHEAD
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
Wormhole IT got a lot from Intel Berkeley Challenge
and they acknowledged it thus:
“Thanks to Intel, we met people that are currently
assisting us to develop a better business and reach
even more people. Intel helped us by introducing us
to potential customers. Besides this, assigning us a
mentor allowed us to improve our business plan and
be more precise in terms of the use of money
and resources.
It was an extraordinary experience for the team.
First of all, it made us stronger because we need to
act as a team and be 100% committed to the
competition. It helped us to focus more on the
business strategy. It also introduced us to few
important people who are assisting us these days
and helping us in our consulting needs .
We learnt how to be concise. We were taught to
focus not only on the technology but also on the
business front, and explained the complete
business proposition straight forward with no
fancy words. The challenge gave us a chance to
spend an entire week in UC Berkeley with people
from all over the world. We received consultancy
and lectures from the best professionals of
the Industry. “
5
Thanks to Intel, we met people that are
currently assisting us to develop a better
business and reach even more people.
Intel helped us by introducing us to
potential customers. Besides this,
assigning us a mentor allowed us to
improve our business plan and be more
precise in terms of the use of money
and resources.
Innovation SnapshotThe web conference suite of products by
Wormhole IT is designed for small and medium
businesses (SMBs). The SMBs in most emerging
market do not have enough money to have
their own IT staff, and they invest a lot of
money on IT solutions. Wormhole IT’s products
allow people to communicate at a very low cost
by improving their productivity and
performance. Besides this, they allow users to
save time and money on traveling, which also
help decrease CO2 emissions.
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Over the last few years, there has been an influx of portable
technology with mobile phones, laptops, global positioning
systems (GPS), e-readers, gaming devices and wireless sensors
coming into common use. Most of these devices are powered by
batteries and require frequent charging or replacement,
highlighting the need for a continuous source of power. A green
battery charge that uses renewable power sources available in
environment like solar energy provides an inexhaustible power
on demand as well as autonomy, paving way for lucrative market
opportunities in the renewable charger market.
“Energy efficiency is one of the biggest issues that are still
waiting to be addressed in a big way. We believe that energy
harvesting technology will play an important role. Our inspiration
to start the company arose from the need to supply efficient
electronic circuits and power it using clean and renewable
energy sources,” says Tiago Lins, Business Development Director
of Brazilian-based SiliconReef.
Tiago Lins
INNOVATOR TRIVIA
Favorite Business Book:
Favorite Social Media:
The cell phone that I presently own:
Favorite Laptop Brand:
Favorite App:
Favorite Past Time:
Favorite Holiday Destination:
Three values that are extremely important
to my business:
The most inspiring moment in my
childhood:
To me,
Jeff Bezos:
of Amazon
iPhone 3G
Apple
There are lots, but I prefer
card games.
All alumni meetings.
Europe
Honesty, engagement
and brave.
Creating toys on my own.
Intel is the biggest semiconductor
company.
King
The Power of Green:
SiliconReef
Brazil
THE ORIGIN OF SILICONREEF
THE SOCIAL ADVANTAGE
SiliconReef was conceived in 2005 when its founders realized
the market need and the government started showing interest
in developing the semiconductor industry in Brazil. The company
was born in the highly innovative and entrepreneur environment
of Porto Digital, an information technology hub that promotes
sustainable growth based in an economy of high quality
services. SiliconReef is an enterprise with C.E.S.A.R DNA, one of
the most renowned centers for R&D and innovation in Brazil.
In 2008, SiliconReef was incorporated and started its operations
with an initial investment of around $400,000 on product
development. The team also secured a total amount of
$722,000 from the government non-refundable public funds.
Today, SiliconReef is a privately held company that specializes in
the development of low-power analog and mixed-signal
integrated circuits. It has a headcount of 12 people working on
managing, sales and engineering. It witnessed a turnover of
$70,000 in the last 12 months (not considering government
non-refundable public funds).
SiliconReef believes in contributing to the greenhouse
gas reduction and providing a better quality of life for
future generations.
6
Initial Investment $400,000
2009 Turnover $70,000
2012 Expected Turnover* $1,000,000
Proposed Head Count* 30
Area of Operations Brazil
F A C T F I L E
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7
The company’s mission is to provide innovative solutions in the
semiconductor market that contribute to improved sustainability.
The company plans to contribute to the creation of new
products and services that take into account the planet’s
sustainability, bringing technological innovation to products in
diverse fields and collaborating so that these products are able
to use ambient resources in a sustainable fashion.
As the semiconductor industry is a very complex business to be
in, SiliconReef faced challenges, both big and small. Says Lin,
“Earlier, challenges arose in product development because we
were in R&D and still innovating. These days, the primary
challenge lies in spotting the VC who can support us in our
product launch.”
To overcome the technological challenges, the team underwent
specialized training courses and counseling services. Besides,
the team also has strong partnerships with local universities.
“Most of our manpower came mainly from these universities,”
he says.
Besides tackling harsh competition in this space, the company
feels it needs to overcome cultural barriers to successfully
launch its product in a global market.
This company benefits from public policy and is supported by
the federal government, which designated the semiconductor
industry as a priority for investments in science and technology.
By means of these investments, the government stimulates the
sustainable growth of this industry in the country.
SiliconReef is planning to market its products by means of web,
social networking, events, mailers, and direct sales. “We will use
SiliconReef’s website to promote company products and also
send sales representatives to important business events and
conferences to promote our products to prospective new clients
and partners,” states Lins. The team is also working on the
development of international partnerships with R&D centers.
Three years from now, SiliconReef sees itself as a world-class
company in South America in the field of microelectronics. The
company is also planning to have a headcount of around 30
people, and is forecasting a turnover of $1 million.
TACKLING CHALLENGES
MARKETING EFFORTS
THE ROAD AHEAD
The mentoring process was very helpful.
In my opinion, the feedback from the
judges was the best thing about the Intel
Berkeley Challenge. They clearly pointed
out where we had gone wrong or missed
out on certain aspects in the business
plan. In short, it was all about people,
entrepreneurship and innovative ideas.
We definitely learnt a lot from it.
Innovation SnapshotAlmost all the portable devices available
currently are powered by batteries and require
frequent charging or replacement, highlighting
the need for a continuous source of power. A
green battery charge that uses renewable
power sources available in environment like
solar energy provides to the device an
inexhaustible power on demand as well as
autonomy, paving way for lucrative market
opportunities in renewable charger market.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
The team at SiliconReef participated in the Intel
Berkeley Challenge in 2009. “Our participation in
Entrepreneurship Brazilian Challenge (supported by
Intel) and the Intel Berkeley Challenge helped us
get important feedback from investors and
successful entrepreneurs. This has had a direct
impact on our business model,” says Lins. At the
Intel Berkeley Challenge, the team got an
opportunity to talk to investors from Silicon Valley
who are accustomed in analyzing business plans. “In
Brazil, we do not have a mature ecosystem in
microelectronics. So the feedbacks we got from
them were highly valuable. Also, the media
exposure and the networking sessions were
extremely beneficial in developing our business
plan,” he reveals.
“The mentoring process was very helpful. In my
opinion, the feedback from the judges was the best
thing about the program. They clearly pointed out
where we had gone wrong or missed out on certain
aspects in the business plan. In short, it was all
about people, entrepreneurship and innovative
ideas. We definitely learnt a lot from it,” signs
off Tiago.
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Brain injury is a major cause of impairment and functional
disability in millions of people worldwide. Stroke, in particular,
can damage the motor system in the brain partially or
completely, causing the patient mental trauma. To cater to this
growing concern and to improve motor function, researchers
have found a way to rehabilitate these patients using trainings.
Active Rehabilitation Apparatus for Brain Injury (ARABI) of BC
Tech aims at supplying a novel and effective rehabilitation
method for those suffering from motor disorders induced by
brain injury. This device based on world-class Brain-Computer
Interface (BCI) technology can help patients control
rehabilitation training. Clinical experiments conducted in
Hong Kong have proved that ARABI can accelerate rehabilitation
and enhance effectiveness.
China
A Brainwave that can
Improve Lives:
Active Rehabilitation
Jack Guo
INNOVATOR TRIVIA
Role Model:
Favorite Book:
Favorite Laptop:
Favorite Cell Phone:
Favorite Holiday Destination:
Favorite Quote:
My most inspiring moment:
To me,
Bill Gates
Presenting to Win by
Jerry Weissman
Lenovo ThinkPad
iPhone 3GS
Hawaii
You have to try everything
without the fear of failure.
My parents have
always inspired and encouraged me, even
when I had lost a match or not done well in
school. It’s their confidence in me that has
made me what I am today.
Intel is constantly innovating and
impacting both society and technology. THE ORIGIN OF ACTIVE
REHABILITATION
“First, we came across this amazing technology called the
Brain-Computer Interface. It’s an equipment in which you use
your brain to control a robotic arm. You can move your right arm
or left arm simply by thinking about it,” says Jack Guo, who was a
part of the team that developed this technology at Tsinghua
University in China. Guo is currently pursuing his higher studies
in Stanford University, USA.
The team first got to know about the Brain-Computer Interface
technology at the Neural Engineering lab in Tsinghua University.
The conceptualization of applying this technology to benefit the
society followed later. The team then came up with a focused
initiative of helping patients with stroke or other injury
rehabilitation. They spent about two months in converting the
idea into a business plan.
This project was funded by the Neuro laboratory of China.
8
F A C T F I L E
Project Funding Neuro Lab, China
Proposed Company Formation* 2011
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9
The Intel Berkeley Challenge paved the
way for providing smart strategies by
exposing the team to international best
practices. The mentoring process also
helped in guiding our team about
conducting clinical experiment in an
effective way that could lead to FDA
certification. The mentoring practices gave
the team a better understanding of
business and the market.
SOCIAL IMPACT
CHALLENGES FACED
THE ROAD AHEAD
“When we come up with an idea for any technology, we make
sure that it creates a profound impact in the society,” says Guo.
“Our technology will help stroke patients improve their quality of
life,” he adds.
Since it’s a medical equipment, there are lots of clinical trials and
procedures that need to be carried out. This takes quite a long
time and the team has to keep working on the prototypes and
come out with new developments and improvements. The
process is still going on.
Although Guo is no longer in Tsinghua University, the other
batches at the university are still working on developing the
technology. However, inspired and encouraged by the Intel
Berkeley Challenge, Guo has plans to set up his own business.
“Right technology, right people and the right market—these
three factors will definitely make me a successful entrepreneur,“
he says.
Innovation SnapshotActive Rehabilitation Apparatus for Brain Injury
(ARABI) aims at supplying a novel and effective
rehabilitation method for those suffering from
motor disorders induced by brain injury. This
device based on world-class Brain-Computer
Interface (BCI) technology can help patients
control rehabilitation training. Clinical
experiments conducted in Hong Kong have
proved that ARABI can accelerate rehabilitation
and enhance effectiveness.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
The team had no exposure on how to present a
business plan. “We first entered the regional
competition in Beijing, then we attended the
national competition and won the first prize,” states
Guo. The team as a whole had in-depth knowledge
of the technology. “However, what we lacked was
the business sense,” reveals Guo. “Blending
technology sense and business sense was an
important aspect. This was the key learning that
we got at the Intel Berkeley Challenge. Also, we
learnt a great deal on how to present a business
plan. We gained some valuable feedback from the
judges and the VCs. VCs in China are not as mature
as the ones in Silicon Valley. So we were able to
gain fresh perspectives on how to run a business,
how to find the right market and how to effectively
sell our product to the customers,” he says. The
team also gained business knowledge on how to go
about with FDA certification.
The Intel Berkeley Challenge also paved way in
providing smart strategies by exposing the team to
international best practices. The mentoring also
helped the team in guiding them about conducting
clinical experiment in an effective way that could
lead to FDA certification. The mentoring practices
of the program gave the team a better
understanding of business and the market.
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Serious bone injuries generally require complicated surgeries,
physical treatments, and lengthy rehabilitation period. Apart
from the pain and suffering, bone injuries can lead to temporary
or permanent disability, which can then lead to negative
psychological effects and depression. So to address these
concerns, the Ihealth group from Tsinghua University, China
developed an innovative product that provides a better way of
dealing with bone injuries.
The Ihealth group, led by Wang Lu, focussed on providing a
better treatment for patients with bone injuries through their
revolutionary product – the MPHB biodegradable bone screw –
which brings down the need to undergo numerous surgery
procedures and also ensures that the surgery is free from risk
and unwanted pain.
THE RIGHT MIX OF BUSINESS
AND TECHNOLOGY
CREATING A POSITIVE CHANGE
The Ihealth team comprising of three postgraduate management
students from Tsinghua University – Wang Lu, Qie Yan, and Chen
Xu – on their quest to create a meaningful and revolutionary
product, decided to use their business acumen in pushing
forward an innovative technology developed by Tsinghua’s
Professor Hu Ping.
“We wanted to do something meaningful together and decided
to make a business plan. Then we got in touch with professor Hu
Ping in Tsinghua University and got to know about his patent.
We were excited by the technology and found it a potential
investment opportunity, so we decided to use it as our business
idea,” says Wang Lu.
With emphasis on providing a better quality of life for patients
with bone injuries, Ihealth Group hopes to bring a positive
change in society with their innovative MPHB biodegradable
bone screw, which will not only bring in a more effective and
painless solution but will also help in bringing in a safer
environment with its eco-friendly nature.
“Ihealth aims to improve life quality with its revolutionary new
product. With the support of China Central Government's State
863 Program, Ihealth has developed MPHB biodegradable bone
screw in light of bionics which has been granted a national
patent in China. Our product overcomes the disadvantages of
Wang Lu
INNOVATOR TRIVIA
Role Model:
Favorite Book:
Favorite Laptop:
Favorite Cell Phone:
Favorite Holiday Destination:
Three values that are core to my business:
My most inspiring moment:
To me,
Liu Chuanzhi
Crossing the Chasm
Lenovo ThinkPad
Nokia
Thailand
Speed up the commercialization process of
technology, do good to society, self-fulfilment
and achievement.
I gave a speech
in public and got the championship trophy
in the competition during my primary
school days.
Intel is an innovative and leading
company, and I have high regard of the
company.
Taking Away the Pain Factor:
Ihealth
China
10
Initial Investment $75,000
2015 Expected Turnover* $100,000
Proposed head count* 20
Area of Operations China
F A C T F I L E
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11
existing bone surgery methods and provides a nearly perfect
solution for the rehabilitation and fixation of bone injuries. With
its effective use, there will be no more second surgery and no
more inevitable pain or risk,” asserts Wang Lu.
This ambitious project was taken up by a team of seven
members and with an initial funding of $75,000 from angel
investors. With no VC funding and a very small group like theirs,
it was a big challenge in finishing their clinical experiment in
time, coupled with the need for more people to implement their
market strategy and opening up sales channel.
“We are still perfecting our clinical experiment. So there is no
revenue at all and our cash flow is still negative, which is a
normal state at the beginning of any business. Hopefully, we will
achieve our first bucket of gold very soon,” observes Wang Lu.
The Ihealth team plans to take a step-by-step approach in
deciding the future course of their ambitious project. “We are a
team of seven and we need at least three people to help us
finish our clinical experiment in 2010, three more people to help
us set down our marketing strategy in 2011 and seven more
people to open our sales channel in 2012,” reveals Wang Lu.
With their expansion plan firmly in place, Ihealth Group is hoping
that their product rake in a fair amount of revenues in the near
future. “A lot of Tsinghua MBAs have contacted us and showed
their interest in Ihealth. We plan to expand our team step by
step. Hopefully, there are going to be 20 team members in 2012
and our turnover will reach $100,000 by 2015,” she says.
STARTUP CHALLENGES
GOING AHEAD
The experience we took back from the
Intel Berkeley Challenge was awesome.
The competition was well organized. All
the finalist teams presented high-quality
projects and shared their great ideas. It
would go a long way to build up a
common ground for facilitating tech and
personal horizon.
Innovation SnapshotIhealth’s MPHB biodegradable bone screw
overcomes the disadvantages of existing bone
surgery methods and provides a nearly perfect
solution for the rehabilitation and fixation of
bone injuries. With its effective use, the need
for undergoing multiple surgeries for fixing
bone injuries has been effectively removed. It
also enables a painless and risk-free surgery for
bone injuries.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
The uniqueness of the program and the learning
they took away from the Intel Berkeley Challenge
excited the Ihealth team the most. “The experience
we took back from UC Berkeley was awesome. The
competition was well organized. All the finalist
teams presented high-quality projects and shared
their great ideas. It would go a long way to build up
a common ground for facilitating tech and personal
horizon,” signs off Wang Lu.
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12
Cancer is the most dreadful of human diseases, and people
across the world are fighting hard to survive it. The treatment
for cancer is quite expensive, as it involves human life.
Justin Lin and his team at NKU Healthcare Medicine have come
up with an inexpensive alternative that can save the world from
this killer disease. Their objective was to provide cancer patients
with low-cost but high-quality Taxol anti-cancer drugs on a large
scale through fungal fermentation technology.
Explains Justin Lin, the CEO of NKU Healthcare Medicine, “Since
ancient times, we have always regarded human life to be the
most precious thing in the world. Our production can benefit
people around the world. It’s a big dream, but we are going to
pursue it.” So far, this initiative has received an enthusiastic and
positive feedback from patients.
Justin Lin
INNOVATOR TRIVIA
Favorite Business Book:
Favorite Social Media:
The cell phone that I presently own:
Favorite Laptop Brand:
Favorite Holiday Destination:
One inspiring quote that has made me
what I am today:
Three values that are extremely
important to my business:
The most inspiring moment in my
childhood:
To me,
Blue Ocean
Strategy
Internet
Nokia 6030
ThinkPad
Maldives
An old Chinese saying:
The road is long and hard, but I will move on
with confidence.
Confidence,
teamwork and diligence.
I made a gun by myself using
wood when I was six. As my father is a
carpenter, I got to learn from him and made
myself some toys using wood.
Intel is a “core” that makes the world
smarter and fantastic.
Saving Lives, Saving Costs:
NKU Healthcare Medicine
China
THE BEGINNING OF THE BIG DREAM
GREEN & GOOD HEALTH
The idea to produce Taxol anti-cancer drugs through fungal
fermentation began on March 2008. And the company
transformed the idea into a business plan on May 2009. NKU
Healthcare Medicine uses the fungal fermentation technology
to produce Taxol anti-cancer drugs on a large scale. The low-cost
and high-quality production of the Taxol drugs brings health
and hope to the cancer patients. This technological innovation,
the fungal fermentation, is free from the limitations of
Taxol sources.
Not only does this project save human life, it is also
environment-friendly for it reduces the felling of yew trees.
NKU’s technology is using Bran as a material for the fungal
fermentation method, so when compared to traditional
methods, one can save the yew tree. Besides creating
employment for more people, NKU’s low-cost technology can
help more cancer patients enjoy the fullness of a healthy life.
Explains Lin, “Scientists have discovered that extracting the
natural and efficient anti-cancer drugs Paclitaxel from the yew
tree is possible. However, due to the cost reason, only a few can
enjoy it. We are committed to breaking this status, so that more
people can enjoy good health. That’s our dream.”
Initial Investment $3,000,000
2012 Expected Turnover* $1,200,000
Proposed head count* 33
Area of Operations China
F A C T F I L E
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13
The Intel Berkeley Challenge was an
opportunity for the team to connect with
VCs. The program provides a good
platform for the entrepreneurs to sell
their business idea. Intel invited many
experts across the world to coach us on
entrepreneurship. This helped us in
fulfilling our entrepreneurial dreams.
BRAVING STARTUP CHALLENGES
THE ROAD AHEAD
The technology that Healthcare Medicine uses is “863” key
support engineering project of NKU. The company’s initial
investment was a research funding of about $3 million and NKU
holds about 25% of shares through the technology. As a
healthcare hi-tech project, the biggest hurdle that NKU faces is
the feasibility of this technology. The team is still conducting
experiments to improve the purity of the Paclitaxel.
“As we are still doing the experiment, there is only cost and no
revenue now. And our next step is to conduct clinical trials. Our
payback period is about seven years. According to our financial
plan and production condition, in the third year the revenue will
reach to about $1,200,000,” says Lin.
The team has contacted some VCs. “Since it is a high-risk project,
VCs are taking some time. And our technology is still in the lab,
so we need to improve the technology first, and that’s what we
are doing at the moment,” he explains.
The company currently has nine team members. Jianjian (Justin)
Lin is the CEO, Jiannan Bi is the CTO (Ph.D of Microbiology of life
and Health Sciences Dept., NKU), Tian Xu is the CMO, Meiyu
Zhang is the CFO (CICPA certified), Cun Tang is the HR Director,
Guobin Shang is the CMO assistant, Qingying Zeng is the CTO
assistant, Shaoting Zhu is the CFO assistant, and Yiqun Xia is the
HR assistant.
Earlier, the NKU team was not sure about the business and
technical aspects, and they had no awareness in terms of how
to promote the plan. “That’s when we participated in the Intel
Berkeley Challenge to fulfill our dream,” reveals Lin.
According to the company’s five-year business plan, the team
plans to employ about 33 people: Eight for Production, six for
R&D, fifteen for Marketing and four middle managers. The
company is expecting a turnover of about $1,200,000 after
three years and saving more lives in the days to come.
Innovation SnapshotThe treatment for cancer is quite expensive, as
it involves human life. The team at NKU
Healthcare Medicine have come up with an
inexpensive alternative that can save the world
from this killer disease. Their objective is to
provide cancer patients with low-cost but high-
quality Taxol anti-cancer drugs on a large scale
through fungal fermentation technology. This
initiative has received an enthusiastic and
positive feedback from patients.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
“The experience at the Intel Berkeley Challenge
was fantastic. It is a technology feast. It was a
get-together of new and fantastic technologies
around the world, and it’s possible that some of
them will change the world. Through the
mentorship at UC Berkley, we were able to gain
knowledge on how to write a business plan, how to
promote our idea, etc. Moreover, Intel arranged a
face-to-face meeting with venture capitalists,
which was extremely beneficial to us,” describes Lin
about his experience at UC Berkley.
“The organization of the Intel Berkeley Challenge
was perfect and we got many suggestions from the
judges,” he says. This event also enabled the
Healthcare Medicine China team to communicate
with entrepreneurs around the world. “We had
access to new information, and we gained a
perspective of the worldwide entrepreneurship
trend. And also, we were able to build relationship
with other innovators,” he adds.
The event was also an opportunity for the team to
connect with VCs. The program provides a good
platform for the entrepreneurs to sell their
business idea. “Intel invited many experts across
the world to coach us on entrepreneurship. This
helped us in fulfilling our entrepreneurial dreams,”
signs off Lin.
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Water is commonly referred to as the elixir of life. However, not
many businesses seem to realize this. Companies that use water
to perform industrial processes generate large amounts of
waste water. These wastes are “treated”, often with chemical
processes, which are expensive and inefficient. Disposing the
polluted water to the sewer is penalized with a fine, thereby
increasing costs. Additionally, in waste water there are large
amounts of raw materials. They are wasted because of not
having the right technology to separate the raw materials from
the water. In other words, industries currently pay for: Water,
treatment of the waste water, raw materials and disposal fees
or fines.
The industry lose billions of dollars by dumping raw materials
and compounds that are dissolved in water and are impossible to
recover or not economically viable with current methods.
Additionally the cost of water and environmental taxes are
going up, impacting directly on production costs of enterprises.
THE ORIGIN OF FILSEL
HIGHLIGHTS OF FILSEL
TECHNOLOGY
Filsel was set up in 2009 with the objective of saving both
water and raw materials, while reducing or completely
eliminating disposal charges. Says Jose Naranjo, the company’s
founder, “Our product is designed to treat water waste with the
objective to recover the water and the raw material to reuse
them in the process. Using nanotechnology, Filsel provides
integrated solutions to industry, including diagnosis, design and
construction of industrial filtration and/or concentration
equipment, according to specific needs of the industry.”
Filsel’s technology is based on the rational combination of the
usage of filtration membranes and concentration methods. The
company’s team brings experience in product representation,
product development, concept creation, project management
and other fields with multicultural and multilingual environments
to Latin America.
• Controls contamination by 100%
• Delivers more profits to industries
• Recovers a pure product without modifying its
molecular structure
• Key products are in the process of being patented
Conserving Water for Tomorrow
with Technology: Filsel
COLOMBIA
INNOVATOR TRIVIA
Role Model:
Favorite Holiday Destination:
Favorite Mobile Phone Brand:
Favorite Laptop Brand:
Three values that are important to my
business:
To me,
Mother Teresa, Mahatma Gandhi
St Petersburg,
The Museum in the world
Nokia
Apple
Honesty, technology and efficiency.
Intel is about getting things right.
Jose Naranjo
14
Current Customer Base 5
Expected Customer Base 700
2012 Expected Turnover* $1,500,000
Area of Operations Latin America
F A C T F I L E
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COMMUNICATING IT RIGHT
THE ROAD AHEAD
Filsel’s prime challenge was not in establishing the company. It
was about communicating to the customer the value of their
technology. Although the technology is all about saving the
environment, Filsel does not use this as the key sales pitch. “In
turn, we talk about how customers can save money and how
they can improve efficiency,” says Naranjo. Today Filsel is
working with five MNCs. “These MNCs have subsidiaries,
especially in Latin America, Central America and the Caribbean,”
he says.
Since it’s a technical product, Filsel is following a direct sales
approach. In the future when the company grows, they are
planning to have a marketing and advertising department.
Filsel currently has five customers and an employee count of 62.
They plan to add another 10 members to their team by the end
of 2010. One of the company’s key goals is to expand their
base by having strategic alliances outside Colombia. Currently
they are looking for partners who can distribute their products
abroad. “Based on our market research, the potential we see just
in Colombia is 700 customers in about six years. Moreover, we
already have contracts signed for the next 10 years and we plan
to have a revenue of at least $1.5 million, every year,” he
reveals. Filsel also plans to set up branch offices in Latin America
and India.
15
We saw other teams with more
experience and more years in the
business. We wanted to learn from other
companies, what new ideas they have,
and how mature their technologies are.
The idea was not really to win a prize but
to learn from other teams, which we
successfully did.
Innovation SnapshotFilsel’s technology is based on the rational
combination of the usage of filtration
membranes and concentration methods. It is
designed to treat water waste with the
objective to recover the water and the raw
material to reuse them in the process. Using
nanotechnology, Filsel provides integrated
solutions to industry, including diagnosis,
design and construction of industrial filtration
and/or concentration equipment, according to
specific needs of the industry.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
When the team at Filsel decided to participate in
the Intel Berkeley Challenge, they had two
objectives in mind: First was to benchmark and
understand how to position their technology
against other similar technologies in the world. The
second was to design a business model by looking
at other companies’ focus on technology. “We saw
other teams with more experience and more years
in the business. We wanted to learn from other
companies, what new ideas they have, and how
mature their technologies are,” remarks Naranjo.
Before participating in the Intel Berkeley Challenge,
Filsel did not have a concrete business plan in place
nor did they receive any kind of mentorship.
However, post this program they achieved the
clarity of thought by taking guidance from mentors
who were present at the event. “This way, we were
able to figure out what step we needed to take to
make our business plan more concrete,” he remarks.
“The idea was not really to win a prize but to learn
from other teams, which we successfully did,” he
signs off.
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16
Intuitive Innovative Breakthrough for a Smarter Product:Algorithm Innovations
Egypt
After a close examination, he found that the real problem lies
with the cursor, not the mouse. Algreatly felt that the
coordinate system currently being used to define the movement
of the cursor was insufficient for today’s 3D movement. He
came up with the theory that rather than the Cartesian
coordinate system, the spherical coordinate system would be
much more appropriate to define movement in 3D.
In order to take his research further and make it available for
the masses to benefit, Algreatly decided to patent the method
and its application in a computing environment. With the help of
his friend, Basil Elway, he co-founded a company, calling it
Algorithm Innovations (AI).
Together with Elway, Algreatly finally decided upon and
patented a special hardware configuration that was the first real
innovation in the mouse since its creation.
The 3DNaviEditor™ is a 3D human-computer interface device
that offers six degrees-of-freedom (6DOF), as opposed to the
conventional mouse’s 2DOF. Through its proprietary patent-
pending TriTiltWheel™ technology, the 3DNaviEditor™ allows the
user (with one hand and without the need for a surface) to
directly manipulate the cursor to freely rotate on and move
along all three dimensions.
THE 3D MOUSE FINALLY
TAKES SHAPE
Dr. Doug Engelbart invented the concept of the mouse/cursor
input system in the 1960s. It was commercialized in the 1980s,
and built for two-dimensional (2D) displays. Historically,
movement on a computer display was defined by the Cartesian
coordinate system.
An architect, Cherif Algreatly, began contemplating in early
2007 on how the computer mouse, which had not changed in 47
years, was negatively affecting his productivity especially when
working with three-dimensional (3D) software applications.
After some researching he found that other architects also
share the same problem. So he set out to investigate and
uncover the inner workings of the mouse.
INNOVATIONS
THE ORIGIN OF ALGORITHM
BASIL ELWAY
INNOVATOR TRIVIA
Role Model:
Favorite Business Book:
Favorite Cell Phone:
Favorite Holiday Destination:
Favorite Past Time:
One inspiring quote that has made me
what I am today:
Three values that are core to my business:
My most inspiring moment:
To me,
My father
The Four Steps to
the Epiphany by Steve Blank
BlackBerry Storm 2
The Great
Smoky Mountains
Reading
Never doubt that a small
group of thoughtful, committed citizens can
change the world; indeed, it's the only thing
that ever has. - Margaret Mead
Customers first; employees second;
shareholders third.
Seeing the birth
of my first child… simply sublime!
Intel is... inside!
F A C T F I L E
Term Sheet Secured EFG - Hermes
VC Funding $3,000,000
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17
With modified software, the cursor responds to commands that
simulate movement in the “Z” axis creating the proprietary
patent-pending SpheriCursor™, which transforms the
conventional cursor into a cursor that can not only zoom in and
out, but can also rotate in three dimensions. This completely
allows for dramatic improvements in user productivity and
efficiency while enabling new software to be developed to
access this feature.
In 2007, AI tied up with Dr. Engelbart and co-invented/co-
patented a device called TipTap which allows those with
learning disabilities to communicate easier and is now becoming
a de facto standard communication tool for the 200,000
members of the National Foundation for Blind Children and is
available for sale on Apple’s famed App Store.
In 2009, AI also developed a novel application called NovelMed.
It introduced a sensitive cushion that can be attached to an
ordinary chair to measure the dynamic forces exerted on
different parts of the back and buttocks while sitting. The
sensitive cushion can be connected to the computer to create a
3D simulation for the user’s spine while sitting on the chair. The
cumulative data enables generating a user’s personal report
describing his/her bad habits during prolonged sitting that might
influence spine diseases. The sensitive cushion is a portable
device that can be used away from the computer while driving a
car, or while sitting at work or home giving immediate vocal
instructions that help users to improve their sitting habits.
In the same year itself, after having received a term sheet for a
$3 million investment from EFG-Hermes, AI formed an offshoot
of their main company and called it Intuitive Input. It was set up
to advanced AI’s first set of inventions related to computer input
hardware and software. AI roped in seasoned Silicon Valley
executive Mark Creamer and former Logitech General Manager,
James Stanford, to take AI’s initiatives to new heights.
Algorithm Innovations plans to continue innovating and bring
significant technology development in the immediate future.
Continuing on their quest to make existing technologies better,
they have been constantly experimenting with cutting-edge
tech. They plan to announce a technology in a major tech event
in 2011 that they feel will impact design automation in a big
way. “We are about to make an exciting announcement at COFES
2011 in Arizona about a technology that we believe will
revolutionize design automation," says Basil.
SURGING AHEAD WITH INNOVATIVE
INITIATIVES
THE ROAD HEAD
The experience at the Intel Berkeley
Challenge helped us tremendously in
understanding what it takes to create a
scalable business model and what to
expect when pitching for VCs.
Innovation SnapshotThe 3DNaviEditor™ is a 3D
human-computer interface device that
offers six degrees-of-freedom (6DOF), as
opposed to the conventional mouse’s 2DOF.
It allows the user (with one hand and without
the need for a surface) to directly manipulate
the cursor to freely rotate on and move along
all three dimensions.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
The Intel Berkeley Challenge helped Algorithm
Innovations in garnering valuable experience about
various business aspects, which in turn gave them
the opportunity and confidence to take their
business idea to a new level. “Coming from an
enterprise background, the Intel Berkeley Challenge
was my first exposure to the world of
entrepreneurship. The experience helped me
tremendously in understanding what it takes to
create a scalable business model and what to
expect when pitching for VCs. The latter was
especially helpful since it served as a dry-run to
dealing with a VC that attended the Intel Berkeley
Challenge and offered us a term sheet shortly
thereafter. Instead of looking like a complete
amateur, I was able to discuss relatively intelligently
based on the training I had received,” signs off Basil.
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High-quality cancer treatment for every patient—this was the
idea behind forming SurgicEye.
SurgicEye GmbH was founded in March 2008 as a spin-off
company resulting from the long-time collaboration of the Chair
for Computer Aided Medical Procedures (CAMP) and the
Department of Nuclear Medicine at Klinikum rechts der Isar, both
institutions of Technische Universität München (TUM).
The business plan for SurgicEye was developed in 2007. Back
then it was known as Navaris Medical. Only when the team
attended the business plan competition at UC Berkley and got
funded did they realize that the name has to be changed.
Reasons Joerg Traub, the CEO of SurgicEye, “After we got
funded, we wanted to start creating business cards and PR
THE ORIGIN OF SURGICEYE
materials. So when we typed the name ‘Navaris’ on Google
Search, Google proposed, “Did you mean Novartis?” That’s when
we decided we should re-name the company— a name in which
there was no potential conflict of interest or where people could
have no wrong association. So we decided to call the company
SurgicEye.”
Today, the company provides intra-operative 3D imaging and
navigation solutions for a patient-tailored tumor surgery.
SurgicEye is also an OEM partner for custom solutions that
integrate nuclear medicine imaging into surgical procedures.
With declipse SPECT, SurgicEye provides the first system
capable of intraoperative 3D SPECT imaging with flexible,
handheld sensors worldwide. The freehand SPECT technology
enhances the detection, localization and guided biopsy of
sentinel lymph nodes in breast cancer therapy, enabling surgical
procedures to be more sensitive and reliable as well as less
invasive. By integrating intra-operative images into the surgical
workflow, SurgicEye GmbH increases the efficiency of surgical
procedures. SurgicEye’s solutions are taking full advantage of
current technologies in nuclear medicine and navigated surgery.
Currently, the company has a team of 15 people— 10 full-time
employees, five part-time employees, and about four to six
student interns. The initial investment when they started off
was with the team’s own money of 100,000 Euros. Then with a
seed funding of 600,000 Euros from High Tech Grunderfonds
and Bayen Kapital, SurgicEye took off. “ When we started off, it
was just Thomas and me. However, we also had professors from
our university on our side as advisors and our team was soon
built with new talents,” recalls Traub.
Germany
A Vision for a Brighter
Tomorrow: SurgicEye
Joerg Traub
INNOVATOR TRIVIA
Role Model:
Favorite Business Book:
Favorite Social Media Site:
The cell phone that I currently have:
Favorite Lapop Brand:
Hobbies:
Favorite Holiday Destination:
Inspiring Quote:
Three values that are core to my business:
To me,
My PhD advisor, Nassir Navab
The Seven Habits of
Highly Effective People
LinkedIn and Xing
Nokia N79
Sony Vaio
Starting a company is a hobby by
itself and I like to see things grow; mountain
climbing and soccer.
Italy, Austria
Do something you are not
ready to do – the worst thing that can happen
is you learn something about your limits. -
Marissa Mayer
Efficiency, reliability and quality.
Intel is shaping the future of
technology.
18
Initial Investment €100,000
Current Installations Germany, Italy, Holland
2012 Expected Turnover* €30,000,000
Proposed Head Count* 25
Area of Operations Europe
F A C T F I L E
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CREATING CUSTOMERS
A BETTER & IMPROVED TREATMENT
THE ROAD AHEAD
Convincing customers of the long-term benefits remains the key
challenge for SurgicEye. Since it’s a technology pertaining to
medical science, it requires lots of time, energy and resources to
convince customers of the long-term benefits. “Medical solid
proof will take almost five years to establish with clinical trials
and millions to invest before you are at that stage. The
challenge here is to find reference customers who are willing to
invest together with us in the future of navigated tumor
surgery. On one hand, it’s a mind shift in the surgeon’s mind.
Surgeons need to be open to innovative technologies. On the
other hand, they have to see long-term benefits for the patient.
This again can be proved only after a long-term study. So the
challenge is to find the right customer/partner and convince
them to invest in our product. Also, we are planning everything
in a sustainable way and not short-term profits,” observes Traub.
The idea behind SurgicEye is to provide the world with better
and improved treatment for cancer. “At the moment we are
focused on the surgeon’s performance in the operating room. Of
course, it’s all centered around the patient. The objective is to
heal the patient by providing better services that the patient
deserves. We provide better tools for cancer surgery focused on
improved treatment of cancer. Operating a patient is not an
everyday routine like driving someone from home to work. Each
patient has individual anatomy, individual structure and also, the
tumor is different in every patient. So a surgeon requires the
right toolsets to make individual decision, and he has to
guarantee that every patient is given the same high-quality
treatment. SurgicEye was set up with the mission of creating a
huge impact by delivering improved and high-quality healthcare
to patients, independent of the mental state of the patient and
also of the surgeon,” reiterates Traub.
SurgicEye currently has three installations in Germany and Italy
and is pitching to 15 other customers. The company also
conducted a roadshow recently in the US and plans to Iaunch a
product there by the beginning of 2011, as soon as they get
their product certified there. “Three years from now, we plan to
have a headcount of 50-80 people and we hope to have a
turnover of 20–30 million Euros,” says Traub.
19
After Berkeley, we were much more off
to get in touch with venture capitalist
companies, both from the Bay Area as
well as German VCs. Being placed as
1st rank among highly selective
competitors gave us a lot of credibility.
So I would definitely say, that Berkeley
and Intel helped us a lot in the process
of founding.
Innovation SnapshotHigh-quality cancer treatment for every
patient—this was the idea behind forming
SurgicEye. Today, the company provides
intra-operative 3D imaging and navigation
solutions for a patient tailored surgery.
SurgicEye is also an OEM partner for custom
solutions that integrate nuclear medicine
imaging into surgical procedures. With declipse
SPECT, SurgicEye provides the first system
capable of 3D SPECT imaging with flexible,
handheld sensors worldwide.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
The Intel Berkeley Challenge provided a lot of
visibility to SurgicEye. “This event helped us
strengthen our strategy. We certainly had a
remarkable and stimulating time at the Berkeley
campus. Being able to see the diversity of
world-class laboratories and their inter-disciplinary
approach to tackle problems on a truly cooperative
basis was encouraging. After we got in touch with
the other startup teams from around the world,
who were also national winners with highly
competitive business ideas, we felt that it would be
a hard challenge for us to prove our idea in front of
the various audiences we were facing. After we
made it through the first round, we were more than
motivated to get the first prize award and after less
than 48 hours our common dream suddenly became
a reality,” says Eric Soehngen who was leading the
Navaris Team in Berkeley!
“After Berkeley, our chances of getting in touch with
VCs increased, both from the Bay area as well as
German VCs. Achieving the first rank among the
highly selective and competitive field gave us a lot
of credibility. So I would definitely say, that Berkeley
and Intel helped us a lot in getting over the initial
challenges our startup company faced. Also the
emotional spirit that we gained throughout the
experience contributed a lot too,” signs off Traub.
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When Hyderabad-based Kranthi Vistakula went to do his
master’s degree at MIT Boston, he was greeted by the city’s
coldest winters. So he clothed himself in multiple folds of warm
woolen clothes. However, the interiors of MIT Boston were so
humid that Vistakula was forced to take off the layers he was
wrapped in. This posed a problem. Nevertheless, in this problem,
Vistakula identified a new opportunity. It was then he conceived
the idea of creating apparels that can heat or cool the users as
per their need.
INNOVATOR TRIVIA
Role Model:
Favorite Book:
Favorite Social Networking Site:
Favorite Mobile Phone:
Favorite Laptop:
Favorite Destination:
The quotes that inspire me:
Three core values that are important to
my business:
To me,
My mother, Mahatma Gandhi, Bill
Gates, Steve Jobs, and the Google founders. In
short, I like people who go against what is
common and who change the paradigm.
Harry Potter, the Google
story, the life story of Steve Jobs
Blackberry
Mac Book Air - Rugged
Andaman &
Nicobar Islands
Be the change
that you want to see. – Mahatma Gandhi
Imagination is more important than
knowledge. - Albert Einstein
Motivation, passion, and a fun
work environment.
Intel is a game-changing company -
constantly innovating new ideas. I would
definitely want my company to be replicated
in Intel’s model. It’s all about technology and
development of new things that will
change lives.
Kranthi Vistakula
Mastering the Climate with
Innovative Technology:
Dhama Apparel
India
20
The idea took a business twist when Vistakula started winning
tech competitions. With the money he won in these
competitions, he started making prototypes of the apparels by
adding functionalities and capabilities.
By 2007, Vistakula was completely ready to take off. With an
initial investment of $9,000, he set up Dhama Apparel in Jan
2008, and started refining his prototypes, and within few
months, he had a refined prototype in place.
The company is now on an expansion spree. When it started off,
it was a one-man army, with Vistakula pursuing his idea actively.
Today Dhama has a team size of 15, and is planning to expand
to 25 people by 2011.
Dhama has a wide range of products: The ClimaGear, ClimaNeck,
and ClimaMet. With the entry of these functional apparels in the
market, the way people perceive India would change. “It would
create a better impression globally, for it’s a global product from
an Indian company. I wouldn’t say my product is price-competitive.
I would say my product is the best of technology and it’s on par
with any technology in the world,” Vistakula says.
A GLOBAL PRODUCT FROM AN
INDIAN COMPANY
Initial Investment $9,000
2009 Turnover $60,000
2013 Expected Turnover* $2,200,000
Proposed Head Count* 25
Area of Operations India, South Asia, U.S.
F A C T F I L E
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CREATING A SOCIAL IMPACT
COMPETENCY VS. CHALLENGES
THE ROAD AHEAD
India is a country with diverse weather zones. The most
important benefit of these functional apparels is that they offer
comfort and increase productivity for the user. “We distributed
samples of our apparels to some golfers and we found that
when they wore our ClimaGear scarves, the players were active
for a long duration, without being exhausted,” reveals Vistakula.
The company is also planning to go strong in the government
vertical. Currently, Dhama has distributed their Clima range
of products on a trial basis to those working on Border
Roads Organization.
When Vistakula first came up with the idea, people thought he
was crazy. However, later, he turned out to be fairly lucky. “I
was good at convincing people about the vision and the product
I had in mind. Everywhere we went, we got tremendous
response. Every competition we participated, we won,” recalls
Vistakula. With a combination of sales skills and technology
competency, Vistakula positioned his Clima range of products to
the customer. He also understood the customer’s pain areas and
tweaked whatever needs to be tweaked to provide more
comfort for the customer.
In the last few months, Dhama has been on every media
publication in India. India Today magazine selected Vistakula as
one of the Top 20 ‘Innovative people changing your life’. In
Business World magazine, he was selected as the No. 1 ’Young
Entrepreneur of the Year’. “Our product is very unique and we
have positioned our products in multiple different segments,”
Vistakula reveals.
Dhama’s top line last year was around `.27 lakhs ($60,000). This
was primarily from surveys and trial samples given out to users.
Three years from now, Dhama is anticipating a turnover of 100
crores ($2,200,000). The company is primarily looking at
defence and larger base contracts.
`
21
The learning experience we got in the
Intel Berkeley Challenge was immense.
We got to see extremely smart people
with extremely smart ideas. It’s the kind
of learning you cannot get anywhere.
I have learned a lot by interacting with
other innovators. It’s definitely life
changing because it changed my
perspective about things.
India is a country with diverse weather zones.
Kranthi Vistakula conceived the idea of creating
apparels that can heat or cool the users, as per
the users need. The most important benefit of
these functional apparels is that they offer
comfort and increase productivity for the user.
Samples of Dhama apparels were distributed
to some golfers and it was found that when
they wore the ClimaGear scarves, the players
were active for a long duration, without
being exhausted.
Innovation Snapshot
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
Vistakula did not win the Intel Berkeley Challenge,
but his team was among the few finalists. “The
experience was brilliant. This competition brings
out the best in you, because it’s all about being a
champion and you are competing against other
champions. Participants from almost 20 countries
were part of it. They were winners from all the
local competitions from every country. The
standard of the competition was very high. The
learning experience we got there was immense. We
got to see extremely smart people with extremely
smart ideas. It’s the kind of learning you cannot get
anywhere. I have learned a lot by interacting with
other innovators. It’s definitely life changing
because it changed my perspective about how we
used to think about certain things. The mentoring
session was useful too. The mentors went through
the presentation and gave critical feedback.
That helped us learn a lot about where we could
improve and what was missing in our plan. It
helped us to go back and analyze where we went
wrong. The experience overall was priceless,”
remarks Vistakula.
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Treatment of burns, scars and deep wounds is universally an
expensive affair. Although, solutions including tissue engineered
skin, bio-active membranes, and grafting etc. do exist, they are
expensive and require specialized skills for administration,
thereby limiting their reach only to the upper crust of the
society. However, scientists G Rajmohan and CK Anish from
National Institute of Immunology, New Delhi, India have come up
with a cost-effective solution that is feasible even for
developing countries like India.
Polyskin develops biomaterial-based innovative products for
the burn and wound healing and regeneration segment. “We use
two biopolymers - Polylactic acid (PLA) and Polylactic-glycolic
acid (PLGA), both USFDA approved biodegradable and
biocompatible polymers that have been in use for the past 60
years, widely used as absorbable sutures in surgical procedures,”
reveals Rajmohan.
India
Fighting Burn Trauma by
Technology: Polyskin
22
POLYSKIN BENEFITS
CHALLENGES FACED
Polyskin has developed an innovative process, where
biodegradable polymer particles encapsulated with drugs can be
self-assembled into bio-membranes in a single step at room
temperature and can be used immediately as artificial skin
substitutes for burn and wound treatment.
The team prepares encapsulated Polylactide particles at their
facility and then distribute to hospitals where it can be stored
without any special storage requirements. When a burn case
arrives, the particles are immediately fused using a simple
process at room temperature and the polymeric membrane
of desired size and shape can be immediately transferred to
the wound site. This makes the process very easy to be
carried out even in a small center and does not need any
specialized equipment.
Thus, Polyskin offers several benefits like easy handling,
reducing fluid loss, decreasing the chances of infection, helping
in faster clearance of infection and faster regeneration of the
skin, providing the cheapest alternative for treatment of burn
wounds, and easy and increased availability of PLA leading to
increased affordability.
Although the team has made this product a success, they are
still facing IP issues. “The issue that we are currently facing is
that, according to the existing rule in India, the IP rights belong
to the university. What happens in the West is that when a
student comes up with an interesting finding, the university
INNOVATOR TRIVIA
Role Model:
Hobbies:
Favorite Holiday Destination:
The laptop that I currently have:
My most inspiring moment during
childhood:
Favorite Quote:
To me,
Jagadish Chandra Bose
Reading, travelling
Kanyakumari
Wipro
My father was a doctor and
whenever he used to get some spare time, he
used to build toys with his own hands for me.
I vividly remember him building a good
telescope from scratch and then later a
kaleidoscope. Those moments really started
my interest in science.
When you strive for a noble
cause, many unseen forces come to your aid.
- Dr. A. P. J. Abdul Kalam
Intel is the most important part of
any technology.
G Rajmohan
F A C T F I L E
Grant Secured DST (Dept. of Science and Technology) India
Pilot Project Pushpagiri Hospital, Kerala
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acknowledges him as the innovator, sets up an incubator for
him and the IP rights is also given to him, since he is the one
who knows the product or technology better. But this is not
the case in India. I think all these kind of things are pretty new
in the Indian environment. We are trying to work it out,”
reveals Rajmohan.
The team plans to set up a pilot facility, standardize processes,
conduct field trials at urban, semi-urban and rural centres
treating patients with different levels and degrees of burns and
wounds and creating market tie-ups. “We primarily wish to
remain as an innovative research-based organization with
tie-ups with established firms for successful marketing of the
product worldwide,” adds Rajmohan.
The growth and wealth creation opportunities in this field are
high because this process can also be used to formulate
targeted drug delivery implants of the desired dimension for
various bio-medical applications especially in the treatment of
cancer and tumors.
The Polyskin team recently received a grant from DST (Dept. of
Science and Technology), India to set up a pilot plant to produce
their product for clinical trials. “We have been offered space to
set up the pilot plant at Pushpagiri Hospital and Research
Centre, Thiruvalla, Kerala,” says Rajmohan.
ROLL-OUT AND GROWTH
THE ROAD AHEAD
We got exposed to the business angle of
innovation. Earlier we were technically
equipped with knowledge. However,
after this event, it shed brand new
perspectives of how to make an idea into
a business. Because ultimately anything
that we create should reach the market.
Polyskin has developed an innovative process,
where biodegradable polymer particles
encapsulated with drugs can be self-assembled
into bio-membranes in a single step at room
temperature and can be used immediately as
artificial skin substitutes for burn and wound
treatment. This is a cost-effective solution that
is feasible even for developing countries
like India.
Innovation Snapshot
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
The Polyskin team won the second prize at the Intel
Intel Berkeley Challenge. “In PhD, most of the
projects that we work on are always academic.
However, we had plans to take our product to a
commercial level,” says Rajmohan.
The Intel Berkeley Challenge was something that
was not a part of their regular PhD course.
However, the experience opened new doors for the
team. “We got exposed to the business angle of
innovation. Earlier we were technically equipped
with knowledge. However, after this event, it shed
brand new perspectives of how to make an idea
into a business. Because ultimately anything that
we create should reach the market. It helped us
realize this and we are definitely sorting the IP
issue in India so that we could take our technology
to the next level. In fact, it’s at the Intel Berkeley
Challenge that we learned about the different
models of entrepreneurship,” signs of Rajmohan.
23
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24
It took about 4-5 years to get a patent. Till then the team was
working only on prototypes. “We didn’t do any business
development till we were sure that we had a patent in our hand.
It’s a waste of time to show or expose it to anyone without
having an approved US patent. So we started to move into the
business area in 2006,” says Eichbaum.
Later in 2008, when after getting patents, Grippity was set up
in Israel with an initial investment of $20,000. The company’s
vision was to offer ergonomic and comfortable QWERTY
typing everywhere. Their latest product provides a “typable”
functionality from both the back and the front, so that users can
start typing with their thumbs just out of the box, and then
gradually discover backtyping.
There are ongoing discussions regarding the correct sitting
position in front of the computer, the height of the keyboard,
support for the forearms and head positioning. The ergonomic
keyboard's advantages, in that respect, are great. While typing,
the ergonomic keyboard relieves pressure from the lower back,
relaxes the shoulders, relieves pressure from the root of the
palm muscles, and prevents unwanted movements of the root of
the palm. The keyboard allows the user to change positions
while working.
1. While typing on a regular keyboard, the hand positioning
should be forward. This position enhances the pressure on
the lumbar spine and on the shoulder muscles. In the
THE ERGONOMICS BEHIND
BACKTYPING
The founders of Grippity have created a new way of typing — or
rather backtyping, as they call it. It all started when they asked
themselves, “Why do we have to lean forward all the time while
typing?” This question led to a series of other questions like —
Why do we use only our thumbs when we operate on a mobile
device? Why can’t we use the other eight fingers that are
inactive? and so on.
And in 2001, the idea of backtyping was formed. “When it was
just an idea presented on a piece of paper or like a model made
out of cardboard, people did not believe in it. Even we did not
believe in it. But it was good to juggle around and check it out.
We started to test the usability. We started to develop
prototypes that were working and found that it was actually
comfortable. Then gradually we started believing in the idea
more and more,” recalls Jacob Eichbaum, CEO of Grippity.
THE BIRTH OF BACKTYPING
Backtyping is the Way
Forward: Grippity
Israel
Jacob Eichbaum
INNOVATOR TRIVIA
Role Model:
Favorite Business Book:
Favorite Social Media:
The cell phone that I presently own:
Favorite Laptop Brand:
Favorite App:
Favorite Holiday Destination:
My idea of fun is:
One inspiring quote that has made me
what I am today:
To me,
Leonardo da Vinci
Bible Guide for
Business by Shai Aloni
iPhone 3GS
Dell
TeamViewer
Dharamkot,
next to Dharamsala, North India
Any motor sport
Our glory is measured not
by our ability not to fall, but by our ability to
rise after.
Intel is a good old American
hi-tech corporation.
Initial Investment $20,000
2012 Expected Turnover* $10,000,000
Area of Operations Israel, U.S.
F A C T F I L E
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25
We got to learn how to present a
business plan and how to present our
product. We also got exposed to a lot of
mentoring. I think the Intel Berkeley
Challenge was very efficient. It also
taught us to deal with things that
usually entrepreneurs don’t want to
deal with.
ergonomic keyboard, the hands are positioned closer to the
body, reducing the lumbar spine's movement and reducing
pressure on the shoulder muscles.
2. Many studies indicate that the recommended back tilt in a
sitting position is approximately 110-120 degrees. This
angle enables a frontal turn of the pelvic and prevents the
straightening of the back, increasing the pressure on the
vertebras of the lower back. In addition, by leaning back,
some of the body weight is supported, relieving pressure
from the lower back. In the agronomic keyboard, the
keyboard is close to the person typing and there is no need
to lean forward.
3. A common problem faced by computer users is "Tennis
Elbow": Changes to the extensor tendons of the root of the
arm, located in the elbow. The changes are caused by
ongoing strain on the root of the arm muscles that help
maintain the hand aligned statically over the mouse and
keyboard. The agronomic keyboard does not have use of
these muscles since the hand is placed in mid-position, a
position considered in the literature as the preferred position
for the root of the hand, with relatively little strain.
The challenge for Grippity lies in making people comfortable
with backtyping over conventional typing. Grippity solves this by
allowing touch input from the top, like conventional thumb
keypads. The user can then gradually discover the use of the
other eight fingers.
The other challenge is about fighting competition. “Despite
competition, the consumer electronics field is the most
promising field to be in. Because it’s about how a user interacts
with his device, and how we can make the interface interactive.
Today for devices like smart phones or regular cell phones, you
use only your thumbs. 80% of your fingers are on the other side
doing nothing. Here we bring the capability of using 100% of
your fingers,” he says.
Eichbaum sees Grippity as an IP company with more patents.
Three years from now, the company expect to achieve turnover
of $10 million. The company has immediate plans to license the
technology to a consumer electronics manufacturer. And
Eichbaum confidently says that 10 years from now, this product
would be a household name. “Because it’s about bringing full
usability of the desktop keyboard to the couch.”
THE CONSUMER AND THE
COMPETITION
THE ROAD AHEAD
Innovation SnapshotThe founders of Grippity have created a new
way of typing— or rather backtyping, as they
call it. It all started when they asked
themselves, “Why do we have to lean forward
all the time while typing?” This question led to a
series of other questions like — Why do we use
only our thumbs when we operate on a mobile
device? Why can’t we use the other eight
fingers that are inactive? and so on. And thus
the idea of backtyping was formed.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
“It was a very nice experience to meet innovators
around the world. We exchanged contact details
and kept in touch afterwards. It was a very nice
social event for us. In the Intel Berkeley Challenge
we got a very big boost. We got to learn how to
present a business plan and how to present our
product. We also got exposed to a lot of mentoring.
I think it was very efficient. It also taught us to deal
with things that usually entrepreneurs don’t want
to deal with. For example, someone like an
entrepreneur or an engineer wants to spend all
the time solving problems, engineering something,
building new prototypes and dealing with all the
small details. When we got into this program we
realized that we need to focus more on what we
don’t like to do and also on what is more important
for business. And it’s not engineering. It’s more
to do with financial data, financial plan, etc,” signs
off Eichbaum.
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26
Colon cancer (CRC) is the second leading cause of cancer deaths
in the United States. It mostly affects people over fifty and,
when detected early, is completely curable in 90% of the cases.
Despite this, there are still 150,000 new cases and 60,000
CRC’s deaths each year. Among the people at risk are more than
90 million “baby boomers”, of whom nearly 9,000 reach their
fiftieth birthday every day. By 2020, the “boomer” population is
expected to exceed 120 million, constituting the
wealthiest—and most health-conscious—generation in
U.S. history.
Virtual Colonoscopy (VC) has been in development for 10 years.
The test consists of having a patient undergo an abdominal CT
scan, where several hundred images of the abdomen can be
analyzed in 2D or 3D reconstructions to look for polyps or
malformations in and around the colon.
THE BEGINNING OF ECHOPIXEL
HOW ECHOPIXEL’S SOLUTION
WORKS
Recognizing the need for Virtual Colonoscopy (VC) as an
effective early detection procedure for colon cancer, Sergio
Aguirre Valencia, now the company’s CTO, came up with the idea
of setting up Echopixel in December 2005. The company was
set up in Mexico, but without a clear-cut business plan. It was at
this juncture that a business plan competition was announced
by Intel in Mexico in Februrary 2006. Since the team had a basic
idea in place, they decided to take part in it. They finally won
and were taken to the Intel Berkeley Challenge. The very next
day after the finals at Berkley, Echopixel set up its branch office
in the United States.
When Echopixel started off, it had just one person - Aguirre
Valencia. Immediately after the Intel Berkeley Challenge, the
team grew to three members, and currently the company
comprises a seven-member team.
Echopixel’s patented stereoscopic 3D visualization solution
(Utility Patent #11/944,395) enables radiologists through
diagnostic depth perception to detect most polyps, regardless of
size or shape, with increased sensitivity— significantly
improving the accuracy over previous VC solutions.
Echopixel’s VC solution benefits both patients and doctors while
eliminating crucial issues blocking reimbursement.
Mexico
Accurate Detection for
Precise Treatment: Echopixel
INNOVATOR TRIVIA
Role Model:
Favorite Business Book:
Favorite Laptop:
Favorite Cell Phone:
Favorite Holiday Destination:
Favorite Past Time:
One inspiring quote that has made me
what I am today:
Three values that are core to my business:
My most inspiring moment:
To me,
Steve Jobs
Crossing the Chasm
by Geoffrey Moore
ThinkPad W701
iPhone
Weissenstadt,
Germany
Swimming or watching
swimming competitions
“Be the change you want to
see in the world.” - Mahatma Gandhi
Deliver best clinical value to patients.
Technical-Clinical tie leadership. Best people.
When a world
leading researcher in our field said, “You are
the only one doing this.”
Intel is a company that has changed
the world and continues to do so.
Sergio Aguirre Valencia
Patent Acquired 2009
2012 Expected Turnover* $30,000,000
Area of Operations Mexico, U.S.
F A C T F I L E
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27
It was a very positive experience for us
because we had a very early-stage
investment pitch. There were a lot of
things in our business plan that we still
needed to discover and validate. It was
also great meeting the judges, meeting
other teams and other individuals that
were working in Silicon Valley and we
were able to get good feedbacks.
BUILDING THE TEAM AND
THE PRODUCT
KEY CHALLENGES
THE ROAD AHEAD
“By the end of 2007, we were already five members. We
finished the first prototype of the product. In 2008, the
prototype evolved significantly and we did an internal
benchmark test using public clinical trial databases, which we
conducted with the help of doctors,” he says. In 2009, the team
was only focused on showing the results of their benchmark
tests to some leading doctors who treat colon cancer. “Only a
few doctors have an adequate performance doing VC and our
technology allows more doctors to do that adequately and with
higher precision,” he adds. The whole of last year was fully spent
on preparing the data for the doctors. Now the team will be
working with them on clinical trials.
Improving and increasing sales to fund our development proved
to be a major challenge for Echopixel. Recalls Aguirre
Valencia,“We have been bootstrapping all of our efforts in sales.
That’s one of the first challenges. We have some customers with
professional visualization applications. They are different from
our medical devices. So we expanded a little bit of our sales
force through the Internet. And that’s how we have been
building the company.”
Getting the right people was yet another challenge. “My
experience was a little bit more on the hardware side. It took a
little while to get good resources. I took help from a professor at
the university of Minnesota. Finally we managed to get some
good software engineers”, says Aguirre Valencia.
The third concern was how to go about testing the product
because at the beginning the team had no idea how to do that.
Gradually the company started conducting benchmark tests
using some public profile databases. It was supervised by a
doctor. “What we first needed was to get access to the
databases and with the help of TechBA and ITESM we got
access to the databases. Then our CEO helped us network with
a radiologist at Cornell University who explained the testing that
we wanted to do,” reveals Aguirre Valencia.
Three years from now, Echopixel envisions itself as a company
with 20-30 individuals, and achieving a turnover of $30 million.
The company also plans to have corporate partnership with
Philips Medical, Siemens, and Toshiba Medical Systems.
Virtual Colonoscopy has been in development
for ten years. The test consists of having a
patient undergo an abdominal CT scan, where
several hundred images of the abdomen can be
analyzed in 2D or 3D reconstructions to look for
polyps or malformations in and around the
colon. Echopixel’s patented stereoscopic 3D
visualization solution enables radiologists
through diagnostic depth perception to detect
most polyps, regardless of size or shape, with
increased sensitivity— significantly improving
the accuracy over previous VC solutions.
Innovation Snapshot
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
“It was a very positive experience for us because
we had a very early-stage investment pitch. There
were a lot of things in our business plan that we
still needed to discover and validate. It was a great
experience meeting the judges, meeting other
teams and other individuals that were working in
Silicon Valley and we were able to get good
feedbacks. Overall, we really enjoyed the
experience. It was quite an educative session
because the individuals who were present at the
event came with 30, 40, 50 years of experience.
Some were serial entrepreneurs from hardware,
others from biotech so it was a great platform to
take their suggestions and it came out pretty good,”
signs off Aguirre Valencia.
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28
3 RE DERM AND HOW IT BENEFITS
PATIENTS
CUSTOMER APPROACH
• Increased workability and social activity due to shorter
recreation periods
• Decreased risk of infections and wound drying
• Decreased risk of allergic reactions
• Decreased risk of hems and hyper pigmentation of skin
• Healthy skin regeneration and renovation
3Re Derm is a high-end cosmetology product. “The chemical 3peeling procedure costs between $70 and $100. Re Derm costs
about $15, which is 10-15% less when compared to other
procedures,” says Pavlovskiy.
3The consumers that Re Derm is targeting are the upper middle
class and the upper class. “Because they are the ones who are
willing to spend,” remarks Pavlovskiy. Also, the company is not
selling the product to the end consumers directly. “We are selling
the product in beauty salons who have good track record, so the
staff there could try it out on the customers who come there,”
he says.
Sergey Pavlovskiy
INNOVATOR TRIVIA
Role Model:
Favorite Business Book:
Favorite Social Media:
The cell phone that I presently own:
Favorite Laptop Brand:
Favorite Holiday Destination:
One inspiring quote that has made me
what I am today:
Three values that are extremely important
to my business:
The most inspiring moment in my
childhood:
To me,
Khodorkovskiy
The World is Flat
FaceBook, LinkedIn
iPhone
IBM
South Asia
I came, I saw, I conquered.
Customer, Investor and Law.
University visit
Intel is changing the world for
the best.
A Smart Idea for a
Critical Challenge: 3Re Derm
Russia
Treating skin burns is a unique challenge — a challenge for both
doctors and patients. More so for patients because the skin
treatment procedures that are available today are quite
expensive and not many can afford these treatments. A unique 3medical technology called Re Derm was developed by the team
at The Russian Academy of Sciences. The project went on for 33–4 years. Although Re Derm was categorized as medical and
pharmaceutical product, when Sergey Pavlovskiy took over as
the project leader, he and his team decided to go one step
further by making it a cosmetic product and commercializing it in 3the market. Thus RE Derm started off in 2009 as a cosmetology
product that stands for skin regeneration, renovation, and
rejuvenation. Today Pavlovskiy heads the company as its CEO
and currently the team comprises a headcount of seven people,
four in business development and three in R&D.
F A C T F I L E
2012 Expected Turnover* $1,000,000
Area of Operations Russia, CIS Countries
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29
It was a unique experience in itself
because we were able to meet lot of
competitive people from new arenas.
The competition as a whole was
structured and orderly. It paved way
for us to learn not only about
opportunities in Russia but also threw
a whole new perspective about
approaching the global markets.
CHALLENGES
SOCIAL IMPACT
MARKETING APPROACH
THE ROAD AHEAD
3Since it’s a cosmetology product, Re Derm faces high
competition in the market. The number of companies that
produce skin care products are large in numbers. “The entry
point is always difficult. When you have a product, it’s difficult to
make people believe that the product is safe to use,” reveals
Pavlovskiy. So the team used to do a showcase or self-test and
taught beauty salons staffs how it works.
Although the team is currently selling the product for upper
middle class and above, they soon plan to make it a viable,
low-cost option for everybody else as well.
“In the long run, we are actually thinking of moving the product
to the medical market as a medicine for anti-burn procedure.
However, it’s a pretty long process because we have to go
through multiple certifications, and it is time consuming. So we
decided to first come out as a luxury product to raise money.
Because we thought it was easier to gain first-point entry into a
cosmetology market,” says Pavlovskiy.
3To promote the product, the team at Re Derm participated in
several exhibitions, including scientific exhibitions where they
showcased the product. Also, they went around beauty
boutiques and did presentations there.
They also have a regional distributor network to distribute
their product.
3Re Derm plans to first strengthen its position in Russia and CIS
countries. In three years, they want to reach one million dollar
revenue per annum. And also, be a solid player in the Russian
cosmetology market and CIS countries and start connecting with
VCs and partners to ensure further expansion. “We also have
plans to expand it to the West. However, for doing so we do
need VC investment and partnership with some western
company to help us market the product in Europe or beyond,“
says Pavlovskiy. However the company’s prime objective is to
gain strong positioning in Russia and CIS countries.
Innovation SnapshotSkin treatment procedures that are available
today are quite expensive and not many can
afford these treatments. A unique medical 3technology called Re Derm was developed by
the team at The Russian Academy of Sciences. 3Although Re Derm was categorized as medical
and pharmaceutical product the research team
decided to go one step further by making it a
cosmetic product that stands for skin
regeneration, renovation, and rejuvenation.
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
“The Intel Berkeley Challenge was very educative. It
was a unique experience in itself because we were
able to meet lot of competitive people from new
arenas. The competition as a whole was structured
and orderly. It paved way for us to learn not only
about opportunities in Russia but also threw a
whole new perspective about approaching the
global markets, such as Europe or India. The
judges gave us valuable feedbacks, owing to which
we were able to improvise on many things.
Overall, it was a great educative experience,” signs
off Pavlovskiy.
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30
A PROTOTYPE FOR THE DISABLED
A HEALTHY PRODUCT
The inspiration to create a special technology for the physically
challenged came in the year 2000, when Kosik had a patient
who was technologically savvy. Recollects Kosik, an orthopedist
and a spinal surgeon, “I was practicing in Russia, operating on
people with spinal cord injury. The majority of them were kids
and adolescents who were going through the trauma of an
accident by which they injured their spinal cord. In most cases
they wouldn’t be able to even lift a finger. They cannot even
operate a computer. They cannot pick up a phone, switch
channels on the television and we started thinking how we can
help them. That’s when I started thinking about creating
something for the disabled.”
Kosik started working on the prototype of ACCS and completed
it in 2003. It took almost six years to develop this technology to
make it easy to produce, affordable and effective. And this
product won Gravitonus the Humanitarian award at Intel
Berkeley Challenge 2006, and started the company’s
involvement in several Intel projects on Education and Health.
“We have a second product, currently our main product, called
ergonomic workstation called iClubby, created primarily for
gamers and office workers. “We started thinking of how to help
those people who use their computer for a long time. We want
to mitigate damage to their spinal cord and vertebrae. ”When
the person is sitting in the iClubby and working, the workstation
is actually caring for his/her health. The user is virtually relaxing
and having fun while working,” says Kosik.
Enabling the Disabled:
Gravitonus
Dr. Alex Kosik
INNOVATOR TRIVIA
Role Model:
Favorite Social Networking Site:
Hobbies:
Favorite Book:
Favorite Laptop:
Favorite Mobile Phone:
Favorite Holiday Destination:
Three values that are important for my
business:
Funniest Childhood Experience:
To me
Bill Gates and Stephen Hawking
Scuba diving in Red Sea in Egypt on
the coral reefs and public speaking.
Priestess of Avalon
I like my ergonomic desktop,
iClubby, although I have a Sony Vaio VGN.
Acer Mobile Dual-Sim
and Blackberry
Milan
Customer, the team, and vision.
My first
experience of earning money. This happened
when I was in school. I was good at Geometry
and Algebra, whereas the other students
weren’t. So I used to finish my homework and
the next day, when I go to school, my
classmates would be waiting for my
homework and they willingly paid me when
I let them copy my homework.
Intel is a friend.
F A C T F I L E
Current Team Size 15
Area of Operations Russia, U.S.
There is something more challenging than creating a new
technology - and that is creating a technology for the physically
disabled. Dr. Alex Kosik of Gravitonus has gone the extra mile in
doing just that.
Gravitonus Inc. is a startup company dedicated to bringing the
next wave of accessibility solutions to the handicapped. Started
off with three people, Gravitonus today boasts a team size of 15
people across Russia and the US. The company also successfully
managed to get an angel investor.
Gravitonus has developed a device called the Alternative
Computer Control System (ACCS) for a limited, immobile group of
severely motor-impaired individuals. This device, when placed in
the mouth cavity and manipulated with the tongue, allows the
user to operate a computer. The result is that individuals gain
not only autonomy from being able to operate wheelchairs and
household appliances, but are also able to take advantage of
education and employment opportunities. With the help of ACCS,
a handicapped user can control a PC as effectively as with
conventional means. ACCS is a tool to self-realization and active
life for the SCI population.
Russia
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We were able to present a business plan,
we were able to present a product to the
target market. We got a good chance to
talk to venture capitalists and angel
investors. It taught us how to build a
team effectively.
ONGOING CHALLENGES
THE ROAD AHEAD
Gravitonus faced every little challenge that a typical start up
company normally does. “There was a lot of challenges: Lack of
knowledge, lack of capital, lack of manpower, lack of
technologists, etc. Even today we are encountering challenges,”
says Kosik. And Intel Berkeley Challenge proved to be an
eye-opener for Gravitonus.
Gravitonus does have expansion plans, but not in the immediate
future. The need for expansion depends on sourcing and
budgeting. Currently, the company is providing sales through its
website. “It works pretty effectively now. We are thinking about
expanding to additional markets in Europe. We feel it’s better to
have a partner or a distributor in the targeted countries and
subsidiary company in Italy or Germany because it will help in
cutting down the administrative costs involved. It’s a good time
to start the company, but it’s a bad time to expand,” points out
Kosik. Today the company is partnering with Intel in many areas
pertaining to Education and Health.
31
The Alternative Computer Control System
(ACCS) is specially designed for a limited,
immobile group of severely motor-impaired
individuals. This device, when placed in the
mouth cavity and manipulated with the
tongue, allows the user to operate a computer.
The result is that individuals gain not only
autonomy from being able to operate
wheelchairs and household appliances, but are
also able to take advantage of education and
employment opportunities.
Innovation Snapshot
HOW INTEL®+BERKELEY
TECHNOLOGY
ENTREPRENEURSHIP
CHALLENGE HELPED
“At the Intel Berkeley Challenge we were able to
present a business plan and also were able to
present a product to the target market. We got a
good chance to talk to VCs and angel investors from
the competition. Intel Berkeley Challenge was the
first business plan competition I won. It taught me
how to build a team. Intel was giving support for
the team through mentoring, learning sessions,
etc.,” signs off Kosik.
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*
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