Fortrino’s Post

Thank you for the nudge, Maria Ksenia Witte! You know me all too well! 😄📚💡 Indeed, while prototyping and validation are paramount steps in bringing an innovation to market, it's equally crucial not to overlook the importance of Intellectual Property Management & Strategy! 🚀🔒 Securing your IP early in the innovation process provides a solid foundation for your product's journey. Here are a few key IP considerations to keep in mind: 🔑 Patenting Your Innovations: Begin by identifying which aspects of your technology are novel and non-obvious. Filing for patents protects your inventions from competitors and enhances your market position. 🛡️📜 🔗 Trade Secrets and Confidentiality: Not all innovations need to be patented. Sometimes, keeping your technology under wraps as a trade secret can be more advantageous. Ensure robust confidentiality agreements are in place with all partners and employees to safeguard your secrets. 🔐🤐 🌍 Freedom to Operate: Conduct a thorough freedom-to-operate analysis to ensure your product doesn't infringe on existing patents. This proactive step can save you from potential legal battles and costly redesigns down the line. 🔍⚖️ 🤝 IP Portfolio Management: Develop a comprehensive IP portfolio that includes patents, trademarks, designs and copyrights. This diversified approach strengthens your market position and attracts investors by showcasing the value and uniqueness of your innovation. 📈🌟 💬 Strategic IP Licensing: Consider licensing your IP to other companies. This not only generates additional revenue streams but also accelerates the widespread adoption of your technology. 🌐💵 Remember, a robust IP strategy is not just a protective measure; it's a dynamic tool that can drive growth, innovation, and market leadership. 💪🌍✨ So, as we dive into prototyping and validation, let's not forget to fortify our IP armour! Together, we can transform groundbreaking ideas into market-ready successes! 🚀🌟 Thank you for sparking this vital conversation, Maria!😉👍😎🚀

🚀 Congratulations to these remarkable 10 companies for securing funding in their latest investment rounds! 1. Vortic Watch Company - $1M - Crafts unique, one-of-a-kind wristwatches by restoring vintage American pocket watches, blending history with modern craftsmanship to create truly distinctive timepieces. 2. MentalHappy - $500K - Provides a mental wellness platform that offers personalized self-care kits and a supportive community, aiming to improve mental health and emotional well-being through accessible and thoughtful resources. 3. Granola - $19M - Develops a platform that helps consumers automatically plant trees and reduce their carbon footprint while shopping online, integrating sustainability into everyday purchasing decisions. 4. Growlink - $2M - Specializes in advanced automation systems for controlled environment agriculture, allowing growers to optimize conditions like lighting, irrigation, and climate for better crop yields and resource efficiency. 5. Lisan - $570K - Offers an AI-powered platform that enhances customer interactions by providing real-time language translation and sentiment analysis, helping businesses communicate effectively across linguistic barriers. 6. Kebotix - $5M - Leverages AI and robotics to accelerate the discovery and development of new materials, transforming the materials science industry by automating and optimizing research processes. 7. Anjuna Security - $25M - Provides enterprise-grade security solutions that protect data and applications across cloud environments, ensuring that sensitive information remains secure even in untrusted infrastructure. 8. Virtuous - $15M - Delivers a responsive CRM platform designed specifically for nonprofits, enabling them to build stronger donor relationships, increase fundraising efficiency, and create a more significant impact through data-driven insights. 9. DCUBED - $4.8M - Develops innovative deployable structures and mechanisms for the space industry, providing satellite manufacturers with reliable, lightweight solutions that enhance mission success and reduce launch costs. 10. UnaBiz - $25M - Operates a leading IoT service provider that specializes in large-scale, low-power IoT networks, enabling businesses to deploy cost-effective and energy-efficient IoT solutions across various industries. 🚀 Keep up with startup funding news by following Growth List. Sign up for full data access and contact information.

Many startups and innovators face significant hurdles in the initial stages of product development. The challenges of creating a viable prototype and validating the technology can be daunting, often leading to costly delays and missed opportunities. Here's how to navigate efficiently! ⬇ #innovation #labtomarket #researchtomarket #startup #entrepreneurship

The future of tech startups is not just about innovation, it's about sustainable and socially impactful solutions. 🌟 While many claim that technology has become an overcrowded space, the reality is it's brimming with opportunities for those ready to tackle global challenges head-on. 🌍 🚀 Here's where the horizon is shining brightest: - AI is not just automating processes, it's carving paths for ethical AI and responsible innovation, resisting the tide of 'growth at any cost.' - Fintech is disrupting not just banking, but enabling financial inclusion, giving rise to a world where everyone gets a seat at the table. 💸 - Healthtech is expanding beyond telemedicine; it's revolutionizing personalized care, making 'health for all' an achievable mantra, not just a slogan. 💡 Pro tip: Always look at the problem being solved, not just the technology being used. Is the solution inclusive? Does it pay it forward by making the world more equitable? 🔄 Share this post if you see the potential in technology making real change, and comment below on which sector you think will make the biggest impact in the next decade! 📈 Let's engage and inspire our networks to look beyond the code and into the heart of innovation! #TechForGood #SustainableInnovation #ImpactStartups

3 ideas for improving publicly funded innovation While conducting research for my upcoming blog, I came across an insightful diagram that combines Technology Readiness Levels (TRL) and Manufacturing Readiness Levels (MRL). It effectively underscores the challenges faced by innovation funding, especially with many startups collapsing before reaching beyond TRL/MRL 7. It's evident that a more strategic approach is needed, as continuous funding for every startup is unsustainable. Here are three proposed ideas: 1) Innovation Funding League System: Implementing a league system could prove to be a solution, prioritizing the elevation of MRL levels. This approach ensures a more focused allocation of funds, targeting startups with the potential to advance beyond the critical TRL/MRL 7 stage. 2) Two-Sided Marketplace for Technology Start-ups/Scale-ups: Establishing a two-sided marketplace would facilitate collaboration and resource-sharing among technology startups and scale-ups. This platform could foster a conducive environment for knowledge exchange, partnerships, and mutually beneficial transactions, fostering growth within the innovation ecosystem. 3) Data Stewardship for Open/Closed/Shared Data: Introducing a data stewardship role dedicated to managing open, closed, and shared data can significantly benefit startups. This steward would oversee access to valuable datasets, ensuring a fair and transparent distribution that supports innovation without compromising data integrity. https://lnkd.in/e4NMh3gZ

The biggest innovation trends are out there for innovators to seize the opportunity to innovate and then transition into successful entrepreneurs. For a successful transition, the first step is to get the innovation proven and validated. Exercising your technical or functional acumen, foreseeing the innovation trends that the market is looking for or understanding the customer’s pain points are the steps to discover and access the world of opportunities. #innovationtrends In a world with fast-changing technological impact, As per research conducted by Forbes, 70% of companies are on the path to digital transformation. In the era of technological revolution, innovations are either sustainable, disruptive or enhance efficiency. Sustaining technology is for improving a product and disruptive technology is a completely new and ground-breaking invention with access to new markets. For example, Chat GTP is a disruptive technology that will change scientific and education processes. #ai The biggest innovation trends in 2024 are 1.)Quantum and neuromorphic computing 2.)Virtual and augmented reality 3.)Blockchain or trust architecture 4.)Internet of Things 5.)Cloud and edge computing for distributed infrastructure 6.)Applied Artificial Intelligence and machine learning 7.)Datafication 8.)Genomics 9.)New energy solutions for clean energies 10.)Bio revolution The above innovation trends will significantly influence economies and our everyday lives. The innovation trends are challenging to recognise because they emerge gradually. You should access your niche, access your life experience and your customer’s experiences. Then design a solution to the problem that can see its effects and gain market acceptability. Several innovations tend to fail to get market acceptance immediately and with time if the start-up is unable to survive till the market environment changes, the start-up goes burst. #startupjourney Hence to transition from a successful innovator to an entrepreneur, you will need to focus on the innovation trends that have immediate market acceptance rather than a decade later. You need to plan for a sustainable entrepreneurial journey to become successful at the earliest. The ideal path would be to find your niche in the biggest innovation trends that have an immediate requirement. The key is to do it at the right time and the right place in line with the innovation trends and market acceptance. Whether you choose to innovate sustainable technology or disruptive technology, you need to know how to channel your energies and focus with the use of your knowledge and wisdom to understand what is the right thing to do and when. #unicorns Reach out to me for a discovery call and let’s start to build a relationship. Realise your potential to be an #influentialentrepreneur. “Let’s make something great today” https://lnkd.in/g6qst78z https://wa.me/61468324545

#Transform Your Business with Expert IT Consulting and Implementation Are you looking to elevate your business with cutting-edge IT solutions? At Dart Tech we specialize in delivering tailored #ITconsulting and #implementation services that drive #efficiency, #innovation, and #growth. As a dynamic startup, we are passionate about helping organizations like yours achieve their strategic goals through #technology. Here’s how we can add value to your business: #CustomizedSolutions: We understand that every business is unique. Our team works closely with you to design and implement solutions that are tailored to your specific needs and #objectives. Expertise in #LatestTechnologies: From #cloudcomputing to #AI and #dataanalytics, we leverage the latest technologies to optimize your operations and enhance decision-making. #SeamlessIntegration: Our implementation services ensure that new systems and technologies are seamlessly integrated into your existing infrastructure, minimizing disruption and maximizing efficiency. #ComprehensiveSupport: We provide end-to-end support, from initial consultation and planning to implementation and ongoing maintenance, ensuring your #ITsystems run smoothly. #Cost-Effective #Strategies: We help you achieve your goals without breaking the bank, offering scalable solutions that provide excellent ROI. #WhyChooseUs? #InnovativeApproach: As a startup, we bring fresh perspectives and innovative solutions to the table. #ClientCentric Focus: Your success is our priority. We are committed to building strong, long-term partnerships with our clients. #Agility and #Flexibility: We adapt quickly to your needs, ensuring that our solutions evolve with your business. Ready to take your IT infrastructure to the next level? Connect with us at #[email protected] to discuss how we can help you achieve your goals. #Follow our page for insights, updates, and success stories! Let’s embark on this journey together. 🚀 #ITConsulting #ITImplementation #DigitalTransformation #TechSolutions #BusinessGrowth #Startup #Innovation #CloudComputing #AI #DataAnalytics Ritu Gupta

Are you willing to disrupt the status quo for your startup's success? Let me introduce you to five game-changing steps. Step 1: Welcome Innovation  Startups, listen up, it's time to carve out a fresh path and challenge conventional methods. Welcome innovation and encourage creative thinking to generate original solutions. Innovation is more than just a buzzword—it's your ticket to overthrowing the status quo.  Step 2: Know Your Audience  Have you spent enough time understanding your market? Dive deep. Understand their needs, preferences, and pain points. Tailor your offering to meet these needs and you'll disrupt the market in the process.  Step 3: Leverage Technology  Are you an industry trailblazer or are you merely following the herd? If you want to disrupt, leveraging technology is non-negotiable. Invite the power of AI, machine learning, and data analytics to gain a competitive edge.  Step 4: Encourage Risk-Taking  Does the word "risk" send shivers down your spine or does it ignite a fire in your belly? To disrupt the status quo, create a culture wherein calculated risks are rewarded, not frowned upon. Remember, comfort zones rarely house breakthroughs.  Step 5: Prioritize Customer Experience  How enjoyable is it for customers to interact with your startup? Prioritizing the customer experience is a surefire way to disrupt the industry. Differentiate by delivering an unmatchable customer experience—a satisfied customer is the best business strategy, after all.

Many think innovation is about bright ideas. However, it’s more about bright execution. Here's why: Ideas are dime a dozen. It’s the execution and alignment with business goals that matter. So, instead of glorifying 'innovative ideas', focus on 'innovative execution'. What do you think about prioritising execution over mere ideation? 👉 Share your thoughts 🚀 #duediligence #venturecapital #entrepreneurship

This is the secret ingredient to propel internal innovation.. According to a Harvard study, 70%-90% of innovation initiatives fail The research showed that despite new organizational structures, internal incubators, big data, and even artificial intelligence, there is no evidence these numbers are improving soon.   In another research, conducted by Forbes, the results were similar: 🔹 Innovation decisions are 2.5 times more likely to fail 🔹 Outcomes missing expectations 50 percent of the time 🔹Success rate is higher in large companies 🔹Failure rate in SMBs is almost 90%   What makes innovation fail where it is needed the most?   A survey among innovation experts worldwide determine that The main reason behind these numbers is - Lack of strategic fit. Having a strategic fit means moving beyond buzzwords, To the actual implementation of innovative ideas. Organizations that align their strategies, capabilities, and market realities navigate challenges better, seize opportunities more effectively, and sustain growth over time. For innovation to work it needs to speak the language of your organization. It must be easily communicated in a way that decision-makers and employees understand its value. It has been shown that by establishing strategic fit innovators improve their initiatives' success rate, exponentially.   Eager to align your strategy for long-term success? Start by evaluating your strategic fit. That’s what I’m here for. Let’s talk! #innovation #technology #startups