Lena Gaede

3 Mistakes to avoid, when starting your own business as an individual

You are full of ideas and more than motivated to start your own business? Good! There’s just one tiny little detail to take care of: Founding a startup is anything but easy. Even for experienced engineers, creatives and people with deep, industry-specific knowledge, the chances of success aren’t great. Still convinced that your business model will work? Great, because willpower and self-assurance are crucial in this process and cannot be lacking. But still, there are several mistakes to avoid in order to improve chances of success. Some are obvious, others less so. In no particular order, check out our checklist of three mistakes you would otherwise probably make in the first 6 months and can now avoid:

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Lisa Flieg

“The automotive industry is about to undergo the biggest change in its history.” Matin Ebrahimchel of Lab1886, the Daimler incubator

Something big is a-happenin’ in CODE_n SPACES. For a number of months now, there’s been an “innovation team with a difference” pacing the corridors of the campus in Stuttgart. This year marked the launch of the new Daimler incubator Lab1886, which chose CODE_n SPACES as the premises for its fourth site, aside from Berlin, China, and the United States. The “global innovation machinery” – as it likes to call itself – was already announced at the GFT Inspiration Day (see here for our write-up). Matin Ebrahimchel, CEO of LAB1886 GmbH, joined us for an interview on the new incubator and the underlying initiative.

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Lena Gaede

Digital revolution: How artificial intelligence will transform industries

User-oriented services like Pinterest use deep learning for image recognition and therefore create an intensive user experience. Financial companies, such as PayPal, use graphical process-driven deep learning to detect fraud. The research and development division of the consulting firm Accenture and other companies use deep learning to detect security risks on the Internet. And medicine, healthcare and education are among the most important areas of application for AI – the importance of artificial intelligence for sure can’t be argued. So, let’s have a look at how AI transforms industries, including a highlight sector our Alumnus Aisoy Robotics contributes to.

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Lars Schatilow

Guest feature Lars Schatilow | How I failed with my startup… and how I keep going

We recently shed light on the topic of failing with your startup – something which hurts but can also be an opportunity to learn some important things! If you find yourself in this situation, you could learn from tips on how to get back on track. In today’s guest feature, Lars Schatilow, the founder of the CODE_n13 finalist Selando, tells us his personal story of failure. Our thanks go to Lars not only for sharing the story of his success but also for telling us what defeat actually feels like and the lessons learned.

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Lena Gaede

São Paulo in Brazil reaps the benefit of job creation, innovation and economic growth as an upcoming Mecca of startups!

No other city like São Paulo is as controversially discussed as the Brazilian metropole: smog, traffic, crumbling sidewalks and the gap between poor and rich – but in the same breath, citizens will tell you they’d never live anywhere else. And apart from that, silently and unobtrusively, São Paulo evolved into a buzzing place of entrepreneurship. Boosting up to 2,700 active tech startups, São Paulo is home to the largest and most mature startup ecosystem in South America! Also, the Brazilian tech epicenter is one of the 15 largest ecosystems in the world. And yet, the city is not on everyone’s radar. Want to change that? Cool! Lean back and find out about São Paulo’s strengths, weaknesses and special features.

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Lisa Flieg

Antti Vihavainen of Cozify: “Obeying lean startup principles – that’s easy to say, but it’s really difficult to get right”

Cozify – Revolutionizing Home Automation, something we headlined in 2015! At the time, the CODE_n15 contestant was pursuing a vision to provide home automation to everyone. In a follow-up with Antti Vihavainen 10 months after participating in the CONTEST, he told us the latest developments regarding the successful shipping of the first Cozify hubs, which also brought valuable customer and market insights. Cooperation with big players and continuous work with international channel partners really helped boost the business. “Obviously our task is to copy and improve on the progress we made in Finland,” Antti now tells us. Two years on, we had the pleasure of chatting with him again and so much has happened. Prepare yourself for the fact that Cozify is daring to transform the insurance sector from acting as a reactive provider of compensation to becoming a proactive companion in life – based on an enhanced vision of expanding out of the smart home toward a more comprehensive smart living concept! Fail fast, iterate fast, and the balancing act between quick revenue and hunting scalable opportunities are just some of the topics Antti discussed with us.

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Lena Gaede

Applications of augmented reality: What are the potentials for the manufacturing industry?

Augmented reality is not only the technology that made animations in football broadcasts and Pokémon GO possible. It is also the technology where global economy impact will grow, from under 5 in 2016 up to 29.5 billion dollars in 2019. Pretty impressive, isn’t it? This growth will also be due to adaptions of augmented reality in the manufacturing industry. Especially with the rise of industry 4.0, AR holds great potentials for improvements in workflow, monitoring and efficiency. We get to the heart of it and present to you the applications of augmented reality in the manufacturing industries.

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Lena Gaede

My business just collapsed: 3 tips on how to get back on track as an entrepreneur

Every so often considered a taboo subject, but still a serious threat: Failure. There are hundreds of miles of newspaper column inches dedicated to entrepreneurial success stories. But mostly, they don’t broach the issue of business flops. Truth is, in any business, failure is an option. Actually, it’s inescapable if you’re trying hard enough. You think talking about it would simply not be very “empowering” or inspirational? Prima facie, it might seem like that, yes. Nevertheless, even those things need to be outspoken, so one could learn from the mistakes and actually keep moving forward. Alright entrepreneurs, brush yourself off and check out these 3 tips on how to get back on track after your business collapsed.

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