Startup Series #6 MIT Entreprise Forum VLAB

The VLAB Collaborative Robots forum on Thursday May 29 was a masterclass for robot startups. For 90 minutes at the Knight Management Center at Stanford, we heard all about the business of robotics from industry veterans, vcs and startups. The panel consisted of Melonee Wise, CEO of Unbounded Robotics, Milan Shah, VP of Rethink Robotics, […]

collabrobots

The VLAB Collaborative Robots forum on Thursday May 29 was a masterclass for robot startups. For 90 minutes at the Knight Management Center at Stanford, we heard all about the business of robotics from industry veterans, vcs and startups. The panel consisted of Melonee Wise, CEO of Unbounded Robotics, Milan Shah, VP of Rethink Robotics, John Dulcinos, VP of Automation at Jabil and Peter Hebert, cofounder of Lux Capital. The panel was moderated by myself, Andra Keay, Managing Director of Silicon Valley Robotics.

The MIT Enterprise Forum Bay Area (VLAB) was formed in 1990 and is one of 30 chapters around the world. VLAB helps startups and  entrepreneurs find the best practices for developing viable business models for technology-oriented markets. The VLAB events are sponsored by the Stanford University Office of Technology Licensing, and the Alumni Association of Stanford’s Graduate School of Business. The caliber of presenting companies and panelists at our events has earned VLAB the reputation as one of the premier high-tech forums in Silicon Valley.

The VLAB committee conducted quite a rigorous audition process for panelists (and moderators) looking for the most successful examples of companies in the industrial/service collaborative robotics space. VLAB panels usually consist of two startups, an incumbent company whose business model is under threat from the startups, and an investor. This was a really successful balance of opinions, although it’s humbling to realize that a company like Rethink Robotics is still considered a startup.

The panel opens with a 10 minute overview of the economics of robotics and then an indepth look at Unbounded Robotics. Then the panel discussion really gets going with both John Dulchinos and Peter Hebert schooling us in the opportunities and challenges for robotics startups. I came away with a much better appreciation of the huge potential for industrial and logistical robotics. Not all successful robotics businesses are venture fundable, and understanding the customer/market space is still the biggest challenge for startups.

We are now standing at the dawn of a new robotic era. Robots are learning to perform complex tasks and to interact with humans in boundless environments.  Naturally, Silicon Valley entrepreneurs are at the center of this disruption.

Massive new markets are opening up. A new generation of innovative robotic platforms is emerging with human cadence and more adaptable automation solutions. According to TechNavio, the global service robotics market is expected to grow at CARG (compound annual rate growth) of 20%. Industrial robots will reach $37 billion by 2018. The agricultural robots market is also expected to reach $16.3 billion by 2020, 20 times its current value.

Will these robots facilitate the predicted re-shoring or renaissance in US manufacturing? And what will be the economic consequences of this new co-habitation?
 https://www.youtube.com/watch?v=qR1nHY3OasQ#t=382

1 comment

  1. Neoedia16u

    http://top-max.com.pl/prawo-jazdy
    Purchasing a new or used automobile can be a tough procedure unless you know what you are carrying out. By educating yourself about automobile shopping prior to head to the dealership, you may make issues much easier for yourself. The following advice can help your upcoming purchasing vacation be more satisfying.

    Constantly take a mechanic along when shopping for a fresh motor vehicle. Auto dealers are popular for selling lemons and you may not wish to be their after that patient. When you can not obtain a auto mechanic to check out cars along, no less than be sure that you have him review your ultimate option before buying it.

    Know your limits. Before you start purchasing for your forthcoming auto or van, choose what you can manage to spend, and adhere to it. Don’t forget about to add interest in your estimations. You will probably spend about twenty percent as an advance payment as well, so be ready.

    Prior to going to a dealer, know what kind of automobile you desire. Analysis all of you possibilities ahead of store shopping so you can decide what works the best for your financial allowance and household requires. Do your homework to determine just how much you need to pay to get a possible automobile.

    Prior to signing any commitment spend some time to read through every series, like the small print. If you find something detailed that you do not fully grasp, tend not to indication till you get an answer which you understand. Unsavory salesmen can make use of a contract to insert numerous charges that were not mentioned.

    In the event you maintain the preceding guidance at heart the next time that you just go buying a car, you will end up more prone to obtain a good deal. Buying a automobile lacks as a head ache. Just use the ideas from this post and you will get the car you want with a good cost.

Leave a Reply

Your email address will not be published. Required fields are marked *