IoT is among the EU priority areas and among the top 10 digital startups domains.
IoT refers to the network of interconnected devices embedded with sensors, software, actuators, and connectivity that enable them to collect, process and exchange data as well as to manage end devices. The interconnected network encompasses a wide array of devices, ranging from everyday household appliances to complex industrial machinery and infrastructure components. The IoT technology landscape is built on top of Connectivity technologies; Sensors and Data collection instruments; Data processing and analytics; Cloud and Edge computing; Interoperability, Standards and communication protocols. IOT has been successfully implemented in verticals such as: Smart, connected products; Industrial IoT (IIoT); Grid element monitoring; Utility metering; Sensing and observations; Conveyor in auto manufacturing; Patient monitoring; Logistics and asset tracking; Surveillance and security; Fleet management; Smart city; Retail-vending telemetry, etc.
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Industry |
Internet of Things (IoT) |
The goal of the game is to choose an industry and a set of problems for that industry. Then develop an entrepreneurial initiative based on the solutions to these problems and prepare an investment proposal to Tech Sprout Capital. |
Tech Sprout is a venture company that invests in cutting edge digital technologies. Tech Sprout has identified promising areas of development and defined Data Base of problems to solve. Young entrepreneurs can choose area and problems and apply to Tech Sprout to fund a startup which solves that problems. |
Tech Sprout is looking to invest in companies that solve one or more of the following problems:
Development and production of small series of IOT-devices Development of a software IoT-platform for the needs of specific industries Development of an IoT-platform specifically for mobile operators who wish to use it as a white label product and use it to deliver IoT-services to their customers Development of an IoT- platform for manufacturers of smart appliances like smart water heaters. The platform must collect information in real time for each water heater, process it in the cloud and automatically ensure the optimal operation mode of any water heater Development of algorithms for predictive maintenance of end IoT devices Development of data-driven services. For example, to use information about the movement of vehicles in a fleet management system, to plan new roads, to place advertising billboards or to assess harmful emissions Development of algorithms for the analysis of the behavior of users who use the end IoT-devices Development of an IoT platform to monitor and control autonomous vehicles or robots IoT platform as a service Services for operating and maintaining IoT platforms and solutions |
IoT – Problems on which to develop your entrepreneurial venture |