Hi! Today and until Friday, we are present at South Summit 2016 in Madrid where Carriots has been chosen as one of the 100 finalist for the Startup Competition. More than 3000 projects were submitted to the competition in this occasion. The encounter also has a very interesting talks program during these 3 days with the participation of 250 international speakers from different areas of the startup ecosystem. It is very nice opportunity to learn directly from the best experts. You can see the program here.
Thanks to the Orange Fab program, Carriots will be present, with an IoT demo, at their booth. If you want to take a look at how the Internet of Things works in real with our technology, you want to visit us at Orange Stand in la N@ve.
The encounter, is organized by Spain Startup and Foundation IE-IE Business School, in collaboration with Endesa, BStartup of Banco Sabadell and Google for Entrepreneurs. This morning, our CEO, Miguel Castillo has participated in an investor’s speech to show Carriots exponential growth history. And tomorrow he will also participate in a round table.
Thank you to Maria Benjumea, founder of this event and the rest of the South Summit team made this encounter possible. We are spend a good time here!!
New opportunity for all our community users and startups who are developing their products and services with Carriots IoT Platform. In fact, the most difficult thing for startups and entrepreneurs is to find a way to grow faster and gain resources with minimal costs. Acceleration programs are a nice way to get closer to industrial companies that might be interested in the services they provide, even if they are still in a Proof of Concept (PoC).
Today, we talk about two initiatives for new startups in Spain that are very interesting: Bind 4.0 (an acceleration program) and SeedRockect (an entrepreneur campus).
The Bind 4.0 is an acceleration program in the North of Spain (Basque Country) who helps new startups to access different resources. For example: favorable financing (from 30.000 to 500.000 euros), networking sessions, connections with the main industrial Basque Companies or co-working space among other benefits. The Bind 4.0 program is oriented to startups founded less than five years ago and have already finished a product/service and need to accelerate their commercial development. You have all the information here but hurry, the selection ends on September the 16th!
SeedRockect is another acceleration program for selected startups in their Entrepreneur Campus, the next edition (this one is the 16th) is in Madrid, on October 25-28th. If your Startup is interested, the deadline ends September the 20th.The program offers benefits like a private invest up 150.000 euros or have a space in the SeedRockect space (in Madrid or Barcelona).
This fall starts with good news and initiatives to help IoT Startups! Don´t let them pass!
As this company blog starts, I feel the need to explain the vision that motivated us to create Carriots. Reading Google’s blog I found the right example on how the Cloud and M2M are revolutionary technologies for small entrepreneurs to create new businesses and new products.
Nomanini, the example of a social entrepreneur’s start up:
A small company in South Africa, Nomanini, has created a nice product with small resources by using the leverage of Cloud platforms and cheap electronics. This product also improves rural communities by helping local entrepreneurs to have an extra income.
Nomanini has created this portable sales terminal to sell vouchers for mobile services in Africa:
The application behind the device is running on Google AppEngine which is a powerful and general purpose Platform as a Service (PaaS). This is how the device integrates with the application over the cloud:
Google’s approach and Carriots:
Certainly Google App Engine and Carriots M2M Application Platform can be seen as competitors. While Google App Engine has a broad approach, Carriots is more focused on M2M Apps and aims to help you build faster and easier applications for the Internet of Things. We designed Carriots with the same idea that applications should be built on the Cloud and integrated with cheap devices and other IT systems. Our approach is to help small entrepreneurs develop M2M applications faster and easier. We want developers to focus on their devices and their applications instead of writing a lot of code. The true winners of this competition in PaaS solutions are small entrepreneurs who can build lean start-ups, faster and with fewer resources.
Small Entrepreneurs can explore new ideas:
One of the keys of success in business is to experiment a lot and develop as many ideas as possible. Small entrepreneurs around the world have lots of ideas. Most of these ideas never become a new product because the cost of development is too high. Besides, when you develop new products, you have to accept failure as part of the creative process. Since resources are always scarce, entrepreneurs and companies have to prototype new products as cheap as the can. In M2M and IOT products, prototyping is now very cheap due to two factors:
1. Open Electronics Platforms for cheap and fast prototyping:
Platforms like Arduino, Raspberry-Pi or Souliss, just to name a few, help entrepreneurs transform a conceptual idea into a real working prototype. Certainly a prototype is not a product you can sell right away to a customer. But prototypes are extremely helpful to gather feedback from potential customers and test the idea behind your product. This open electronics platforms are the lean start of hardware IOT product design. The cost of hardware development in these platforms is very low and the knowledge of electronics you need is far simpler than developing a device from scratch.
2. M2M Applications Platforms to build applications for connected products:
IOT products and services depend on embedded software on the device and on backend applications. M2M Application Platforms, like Carriots, help developers build fast prototypes of that backend application without the cost of expending in IT infrastructure. Besides if the prototype is transformed into a product, scalability is not an issue. Application Platforms focused on M2M and IOT also provide simpler and proven solutions for issues like:
Data Protocols implementation
Database management for Big Data
Rule Engine to build Apps
Integration with other Web Apps
Combining Open Electronics and M2M App Platforms:
When a Small Entrepreneurs combines these two emerging solutions, he is empowered to compete with large companies with higher resources because:
Fewer electronics and software knowledge is needed to develop a new product.
Product development is cheaper both in electronics and software
Faster the idea is transformed into a prototype to be tested.
Transforming a prototype into a product is cheaper and faster.
Besides, since the cost of product development is lower, failure is more acceptable and resources can be allocated into different product development.
The IOT revolution is a Blue Ocean for small entrepreneurs:
The revolution of Internet of Things has just started and the future is full of possibilities. In fact there are so many concept ideas to be tested, that small entrepreneurs have to face a Blue Ocean Strategy. At Carriots we are working hard to create a tool that small entrepreneurs can use to create new products and services.
Our platform is open to your product development. We welcome all kind of entrepreneurs to test Carriots and let us know what is your project about.
(This post is written by Miguel Castillo, CEO of Carriots.com)