We decided this time to talk to one of the residents of CODE_n SPACES about a topic that many find fascinating, especially in the world of business startups: pivoting! The term “pivoting” originates from the lean startup thinking of Eric Ries. It’s used to describe what happens when a business model has to be completely overhauled and everything goes in a new strategic direction. It’s based on the Build-Measure-Learn method and the idea is that a startup applies lean techniques to radically evolve its business model and address actual market needs and customer requirements. It’s not uncommon for customer feedback, testing, the competitive set, or some overall shift in the market to force business founders to throw out their original idea – just to identify a business model that actually will return a profit. And why not? How often is the first attempt at something right on the mark?
Long gone are the days when entrepreneurs would start their business right in their hometown. Nowadays, the financial, social and digital advantages that each city can offer to startups have become a lot more important. Since founders often have the agony of choice when searching for a suitable place, we like to take a closer look at cities with promising startup hubs worldwide in a regular basis to determine their pros and cons.
Today we catch up with a really exciting technology startup which has been a member of the CODE_n community since 2013: EcoChain from lovely Amsterdam! EcoChain embarked on its journey with CODE_n as a finalist of the global startup CODE_n CONTEST. Its motto was “smart solutions for global challenges” and in keeping with this idea, EcoChain pitched a business model with every intention of changing the world. Its idea revolved around a new and innovative life cycle analysis method that would enable companies to maintain a sustainable supply chain.
While smart factories and smart homes are slowly becoming everyday life, technology has also entered the food industry. But what’s awaiting us? How will the restaurant industry look like in the near future and how will technology affect our nutrition? Take a look at the food trends 2017 – and discover how this industry and restaurants will be transformed by digitization!
Today we catch up with CODE_n Alumnus and Industry 4.0 (smart factories/connected manufacturing) startup Evercam. The founders Marco and Vinnie embarked on their business idea in 2010 by filming construction projects in Berlin. Much has happened since then. They’ve relocated to the capital of Ireland and now work in partnership with Lensmen, a leading player in the Irish photography and videography market. The startup is gaining success providing a monitoring software platform for the worldwide construction industry.
At the beginning of every new year, the German startup website Für-Gründer.de takes a close look at all of the startup competitions being organized in Germany. When they first embarked on their annual endeavor, there were 124 such contests. Now that number has risen to over 163. A good 20,000 applications came flooding into the competition mailboxes in 2016. Of those, 756 startups received an award from an expert panel of judges. So it looks like startup competitions are groovy-groovy at the moment. Small wonder really: startups are fully aware of the benefits of taking part in a competition – above and beyond the obvious prize money.
Is it all just about the money?
If you don’t think of Dublin as a good city for startups, you should change your mind quickly. The capital city of Ireland is ranked among the top ten cities in Europe for startups – and this is not without good reason! Dublin is like a bridge between the US and Europe and offers a lot of possibilities to start a business. Already more than 1,200 startups figured this out, including sectors like FinTech, EdTech and HealthTech. Surrounded by influential tech firms like Google, Facebook, Twitter and Amazon, Dublin is an attractive location to get off to a flying start with a new successful business. So let us discover the strengths, weaknesses and special powers of Dublin as a tech startup hub!
A highly insightful panel discussion, two inspiring talks from the different worlds of corporate life and startups, plus an audience which just kept digging deeper. These were just some of the highlights of the CODE_n event held on February 21, 2017 at CODE_n SPACES: The Art of Guidance – The Complexity of Leading Corporations and Startups