Janina Benz

Thomas Ohr: “More European entrepreneurs have realized the opportunity to create for international markets”

Thomas Ohr - founder and editor of EU-Startups

Thomas Ohr – founder and editor of EU-Startups

 

Thomas Ohr is the founder and editor of EU-Startups, an online magazine covering European startups. He started the project in 2010 due to his passion for startups and his excitement for Europe’s future. Since EU-Startups is still a hobby, he works in the marketing department of a German media company. Thomas Ohr works and lives in Freiburg, Germany.

Janina Benz: What is EU-Startups, and what inspired you to start it?

Thomas Ohr: EU-Startups is an online magazine covering Internet and mobile startups out of the European Union and the European continent. Aside from our focus on young companies, we also profile established firms or publish other news out of the tech space that has a commercial or cultural impact on European startups. Our vision is to connect the European startup scene and to encourage entrepreneurship within Europe.

JB: Over the last few years, how have people’s ambitions changed in regards to founding a business?

TO: More and more European entrepreneurs have realized the opportunity to create products not just for their home market, but for international markets. This is an important step which will lead to us soon seeing more and more European startups that succeed on a global scale.

More…

Janina Benz

PATXI ECHEVESTE: “This community will be our little treasure”

Patxi Echeveste - Founder of Wattio

Patxi Echeveste – Founder of Wattio

Patxi Echeveste, founder of Wattio, is a serial entrepreneur in the fields of green energy and energy efficiency. He believes that generating green energy is less interesting than conserving it, because the greenest energy is the one that is not used. He launched his first company, a solar company, at the age of 25, right after completing a masters in Economics Engineering. Now aged 33, his second company is aimed at turning normal houses into SmartHomes with Wattio, a powerful, flexible and cost-effective solution.

Janina Benz:What makes Wattio different than other smart home systems?

Patxi Echeveste: Wattio brings you a complete solution for saving energy and managing your home in a smarter way: we master software, firmware, and hardware to make your life greener and easier. It is extremely easy, secure, flexible, scalable, open, cost effective, and cool.

JB: What’s been your biggest challenge so far?

PE: This project has taken four years of hard R&D work in order to bring a complete solution for SmartHomes to you all. But, honestly, the big challenge now is to place it in the market, and to catch the attention of the media!

JB: You’ve just launched a fundraising campaign on Indiegogo. Why did you decide to raise money through a crowdfunding platform?

PE: We wanted to recruit a unique user base. This community will be our little treasure and we want to grow with it. We will take care of their problems and love their feedback. You know, taking care of the environment and the people we love is a big task—that’s why we need this community. Of course, supporters will get great benefits.

JB: What do you plan to do with the money that you raise?

PE: The more you support us, the more products and solutions we can offer you. Apart from the electricity and comfort system, we will offer solutions in the security and health fields as well. And of course, the platform will be continuously improving and growing.

JB: Aside from contributing, how else can people get involved?

PE: Ask folks to spread the word and make some noise about our campaign! Use the Indiegogo sharing tools, get one of our running t-shirts. We will be always grateful.

JB: Thanks, and good luck!

Editor’s Note: We’ll be featuring some of our finalists on the blog in the weeks leading up to and after CeBIT, but their participation has no bearing on the contest results

Laura-Marie Schneider

Audio Interview with Ridha Azaiz (Solarbrush)

Entrepreneur Ridha Azaiz is the founder of SOLARBRUSH, a robot designed to clean solar panels. Although Ridha is having a very busy day at CeBIT, he took 5 minutes to answer our questions. In his interview, the CODE_n finalist introduces SOLARBRUSH and speaks about what being a young entrepreneur means.

To listen to the interview, please click here.

Janina Benz

Jennifer Indovina: “It takes more than just a strong personality to deal with the startup environment”

Jennifer Indovina is a cleantech entrepreneur, political energy advisor, and TED Fellow who is currently working to spread energy efficiency initiatives worldwide. Jennifer is the CEO and Co-Founder of Tenrehte Technologies, Inc., a cleantech company that produces wireless consumer electronics products. Tenrehte’s first product is the PICOwattTM Smart Plug, an energy-saving outlet adapter that gives you remote control over the power your devices consume. The PICOwattTM Smart Plug has received international recognition, winning the 2010 Best of CES Green Product Award, as well as being featured in the New York Times, Popular Science Magazine, Treehugger.com, and BusinessWeek. Jen’s latest TED talk, Eliminating Power Poverty, can be viewed online.

Janina Benz: Tell us about your company, Tenrehte.

Jennifer Indovina: Tenrehte is a cleantech electronics company. We make energy monitoring and control products that save buildings energy. We launched the company with our first product, the award winning PICOwatt Smart Plug, at the 2010 Consumer Electronics Show, and we’ve been moving full steam ahead ever since.

JB: In 2010, you were selected as a finalist in the Best Young Entrepreneur category for the Stevie Awards for Women in Business. In your opinion, what is the most important characteristic to becoming a successful entrepreneur?

JI: Self-awareness. I think the reason why it is so rare for an entrepreneur to be part of the right team, have the right product, and find the right market at the same time, is because the leader is not self-aware. It takes more than just a strong personality to deal with the startup environment: you also have to be passionate, fair, loyal, hardworking, and honest—first and foremost, with yourself.

JB: Do you think that entrepreneurs are born or made?

JI: I think it’s both. My family has the entrepreneurial spirit; my grandfather and father were both self-starters who were a part of their own startup companies. However, I also feel that I have been made into the entrepreneur I am today by my experiences. I have experienced triumph, failure, being powerless, being powerful, and feeling truly grateful for certain customers. Only because of these experiences do I feel worthy enough to call myself an entrepreneur.

JB: When working as Director of Marketing for Vivace Semiconductor, you led international teams based in the US, South Korea, and China. How did working with an international team change your process?

JI: Working with international teams at such a young age taught me how to blend into environments, to respect differences, and how to communicate effectively—the ultimate entrepreneur’s toolbox, if you ask me.

JB: What are your big expectations for CeBIT?

JI: CeBIT is the most incredible mix of international businesses; I expect this show will introduce incredible new opportunities. I am just so excited to spread the PICOwatt love all over the world.

Editor’s Note: We’ll be featuring some of our finalists on the blog in the weeks leading up to CeBIT, but their participation has no bearing on the contest results

Janina Benz

Priti Ambani: “Sustainability is a life-long process”

Priti Ambani is a thought leader and prominent writer on social and environmental enterprises, start-ups and Web 2.0 businesses. She is the Managing Editor of Ecopreneurist, a notable business blog. Specializing in her ability to work with impact organizations from the ground up, Priti has developed successful business and communications strategies for fledgling start-ups, social and environmental enterprises. She also serves as a sustainability consultant at GreenDen Consultancy and advises on corporate social responsibility and the triple bottom line. Priti is a Professional Engineer and holds a Master’s degree in Biological Resources Engineering from the University of Maryland, College Park.

Janina Benz: What’s changed most about sustainable business within the last five years?

Priti Ambani: The last five years have been quite transformational. The recession made many people re-think sustainability in extreme ways. Some business owners distanced themselves from their “good business” goals as a cost-saving measure, while others doubled down on environmental and social responsibility as a way to increase the bottom line. The conversation has moved on from “what can I do to help our environment?” to “what can I do to sustain my business?” and the answer has involved being more efficient with resources and minimizing waste. Some new trends have emerged that replacing traditional business models. More…

Janina Benz

Professor Doctor Günter Faltin: “Work on your concept until you are completely convinced”

CODE_n Prof. Dr. Gunter FaltinAs the head of the Department of Entrepreneurship at Freie Universität Berlin, Professor Dr. Günter Faltin is regarded as one of the top German experts in the field of Entrepreneurship. Prof. Faltin initiated the Berlin-based “Entrepreneurship Lab” and has been a business angel for many successful startups. He himself is the founder of  Projektwerkstatt GmbH and initiator of the successful Teekampagne (Tea Campaign).

Janina Benz: What led you to entrepreneurship and teaching?

Günter Faltin: Back in my school days I enjoyed reading about Henry Ford, Andrew Carnegie, and Joseph Schumpeter; it was obvious that I would study economics. But to my amazement, the subject that had seemed to me so interesting and compelling turned out to be dry and boring at the university. The fascinating figure of the entrepreneur that I had gotten to know with Schumpeter had been replaced by the principles of profit maximization, mathematics, and abstract models. When a few years later I received an invitation to teach at a university, I swore I would teach economics differently. And how could one do this better than by founding a company as an example?

JB: What does entrepreneurship mean to you?

GF: Creating a company from a concept restores the marketplace as a competition of ideas. It is useful to society because it draws attention to itself through good and reasonably priced products. It doesn’t increase inequities, but can lead to a more equitable distribution of income and wealth through broader participation in entrepreneurial activity.

JB: Are there any major differences between how it is perceived in different countries?

GF: One main difference we find in comparison to the English-speaking world is that research there distinguishes between the tasks of the entrepreneur and those of managers. This differentiation is absolutely necessary because the demands on entrepreneurs and on managers are so different: whereas entrepreneurship is a creative activity, business administration requires the ability to organize, to control, and to manage.

JB: Do you believe entrepreneurs are born or made?

GF: Many people may think they are not suited for entrepreneurship because they can’t get excited about the world of money. They are of the opinion that they weren’t born to be a startup entrepreneur because they’re not pushy enough and lack the drive. This is not true. It’s the idea that makes the difference! In psychologist Peter Goebel’s study Successful Young Entrepreneurs [Erfolgreiche Jungunternehmer], he surveyed 50 founders of companies and discovered that they  had only one trait in common: they brought an idea to fruition by persistently addressing the problem with a persistence that would appear to a “normal” person to be almost bizarre.

JB: What are the most important skills your students must learn?

GF: Rediscover your childlike curiosity and don’t allow yourself to be overly impressed by conventional notions, even and especially in the field of economics. If you’re able to do this, then you’ll have a good chance of replacing boredom and busyness with something better. Keep working on your concept as long as necessary, until you yourself are completely convinced by it. Three steps are important:

  1. Separate entrepreneurship from business administration. (This is the easiest step.)
  2. Come up with an idea that gets you going. Work on it, work on it some more, until you have a fully fleshed-out concept that is clearly superior to the conventions that exist. (This is the most difficult step.)
  3. Start your company from pre-existing components, instead of building everything yourself.

This last step makes you almost independent of capital. Think of it as a form of “experimental entrepreneurship” that challenges the common beliefs of how to establish a company by presenting practical alternatives.

Lena Gaede

Rethinking the Stereotype of the Entrepreneur

When people think of “entrepreneurs,” many think of bold personalities like Richard Branson or whiz kids like Mark Zuckerberg, but the truth is a bit less dramatic. A new study from think tank Demos surveyed 1,000 British entrepreneurs and found that, far from being risk-takers, only a quarter enjoyed taking risks, and 73% believed their businesses offered incremental improvements rather than ground-breaking innovations.

For more information and the report, visit TheGlobalandMail.

Lena Gaede

“Incubator Houses” Bring Home to the Office

It sounds like a sitcom or reality TV pitch: eight 30-something bachelors, one $8-million house… and a dozen startups. But in fact, these “incubator homes” are becoming increasing popular in Silicon Valley, providing a roof, and inspiration, to aspiring startup founders and entrepreneurs. As BusinessWeek reports:

In the basement, Justin Santa Barbara, a British coder, built a small supercomputer to help create what he calls “the world’s fastest database.” In the library, Antony Evans has developed an iPhone app that tries to determine if a user needs to see a doctor by asking a series of questions. Harvard will begin testing it in a couple of months. Turri, the beef jerky maker, has a meat smoker in the backyard and a flavoring station in the living room. “I’ve been doing startups for quite a while, and it can be quite a lonely experience,” says Evans, 32, who arrived at the house after getting a math degree from Cambridge. “Here there are five guys working in the house at any one time, and you can grab a bite. It helps you deal psychologically with the ups and downs.”

The Startups on San Francisco’s Billionaire’s Row