The real ‘Iron Man’ suit makes its first test flight to rescue a victim

  • The paramedics would take 25 minutes to walk to the scene of the simulated accident, however, the suit managed to transfer the pilot in 90 seconds.

Gravity Industries together with the United Kingdom’s Great North Air Ambulance Service (GNAAS) tested the “jet suit” in the Lake District National Park, a suit that flies by propulsion and allows the rescue of accident victims located in areas remote.

In the test, Gravity Industries founder and chief test pilot Richard Browning flew from the bottom of the valley to a simulated casualty site at The Band, near Bowfell.

According to a statement published by GNAAS, it would take the paramedics 25 minutes to walk to the scene of the simulated accident, however, the suit managed to transfer Browning in 90 seconds.

“Our aircraft will continue to be a vital part of the emergency response in this area, as will the fantastic mountain rescue teams. But it’s about supplementing those resources with something completely new, ”said Andy Mawson, GNAAS chief operating officer and paramedic.

He added that this technology could “allow the team to reach some patients much faster than ever. In many cases, this would alleviate the suffering of the patient. In some cases, it would save their lives. “

‘Video Is The New Audio’: Zoom India Head

For the past several months, people, across the world,  were asked to stay indoors as the deadly Covid-19 virus spread like a wildfire, claiming thousands of lives. As everyone got confined to their homes, most of the day-to-day activities, including office work, attending classes/meetings and even socialising shifted online to video conferencing. The virtual shift, which felt peculiar at the beginning, soon overtook everyone’s lives to become the ‘new normal.’

As the world moved to their virtual windows, Zoom, a cloud based video conferencing tool, quickly gained popularity amongst people across age groups for all their official and social activities. So much so that meetings inadvertently got re-christened to ‘zoom meetings’

The nine-year old company, founded by Eric S Yuan, reported a massive 355 per cent surge in revenue at USD 663.5 million on an annualised basis for the quarter ended July 2020. Founder and CEO Yuan said in a statement that the company expects its total revenue for FY21 to increase by approximately 284 per cent in the range of USD 2.37 billion and USD 2.39 billion.

In an interaction with Entrepreneur India, Sameer Raje, Head of India, Zoom Video Communications, talks about how their platforms became an instant hit in India and how they have dealt with security concerns.

Why Faster Adoption Rate?

History has it that software or platform that is user-friendly is liked by the masses. For instance, the simple idea behind Facebook’s launch was to connect and make friends or when Twitter hit the market, it was a straightforward platform that enabled users to share their thoughts within 160 characters. The same reasoning can be applied to the stellar rise of Zoom.

Sameer Raj, India Head, Zoom

According to Raje, the two primary reasons for a faster adoption of Zoom in India are its easy to use platform and flawless meeting experience.

A clean user interface (UI) with all the required options like adding personalized background to make the meeting exciting. The free version of the app allows up to 100 participants and 40 minutes of uninterrupted meeting time. Users can extend their meeting by paying or opting for a premium package which comes with an additional set of features.

One of the major selling points of the app is that it does not require a login to access the meeting. A simple tap on the meeting link will take the participant directly to the meeting room or ‘virual conference’ room, in this case.

For Raje, a product can be termed successful when technology-challenged people start using it for convenience, which is exactly what Zoom has achieved due to its easy to use UI.

He added that the product runs flawlessly on low bandwidth connections too, which allows users with slow internet connections to present their presentation over a Zoom call. “What we have found is that students in remote areas were able to take the benefit of Zoom for learning as it is able to run on low bandwidth.”

Zoom In Education And Healthcare

In India, education is one of those sectors that have resisted technology advancement for the longest time. However, the pandemic has proved to be a watershed moment for the sector. Now, as schools/colleges continue to remain shut, majority of them have adopted online classes and chosen Zoom as the medium.

Currently, Zoom is being used by around 2,400 schools in the country.

“To help schools, we removed the 40-minute time restriction for the K12 schools at no extra cost. Schools just need to register themselves on the platform,” Raje added.

Further, he said universities and premium institutes across the country that require more features have subscribed to Zoom for conducting their classes.

Mumbai’s BMC has kicked off an online education initiative to get children back into the classroom, which will take place on Zoom.

In terms of healthcare, Raje said that a lot of new age entrepreneurs have come with telemedicine platforms. He said Zoom offers API and SDK that seamlessly integrates with these telemedicine platforms.

News

Startup Losses and Cash Burn

“Cash burn” can be defined as the amount of money that is committed to be spent each month, irrespective of whether or not a business is generating any cash flows. For a pre-revenue startup, this would be equal to your total monthly costs and for a post revenue startup, this would be the total expenses minus the amount the business is earning each month – till of course, the business turns profitable. These expenses are for basic necessities such as salaries, rentals, utilities and communication costs as well as for expenses of a capital nature such as business build out and fixed assets.

Cash burn could also be defined as the amount of money that is needed to be put in every month to meet the cash losses of the company.

No one likes to lose money and yet it is a well-recognized fact that most new businesses will lose money. Some businesses will lose money for longer periods than others because of the nature of the business and retail businesses have very long gestation periods. There is nothing to be ashamed of if your business is losing money as long as you can see the light at the end of tunnel.

It is important for every entrepreneur to understand that making money is not going to easy. Don’t believe for a second that revenues will instantly start coming in and customers will start flocking to buy your products. The reality is far different, and you will fare much better if you understand this reality and plan for it beforehand rather than get surprised later.

SaaS-Based Startup Inflect Raises $1.5 Mn In Pre-Series A Round

Bangalore-based software-as-a-service (SaaS) startup Infilect has raised USD 1.5 million in Pre-series A round. The investment round was led by Mela Ventures and 1Crowd along with participation from The Chennai Angles.

The startup said it will utilize the fresh capital to scale its go-to market programs and will continue to invest in the areas of Image Recognition (IR) for retail execution, supply-chain optimization, store personalisation and category planning.

Started by Anand Prabhu Subramanian and Vijay Gabale, Infilect is an enterprise SaaS provider for retail manufacturers, retail brands and retailers. It leverages artificial intelligence (AI) and image recognition (IR) to help the retail industry obtain better visibility into store operations, omni-channel sales and in-store merchandising. The startup claims to have helped retail brands, consumer electronics, food and beverages, among other sectors.

Commenting about the product, Vijay Gabale, chief technology officer and co-founder of Infilec, said, “InfiViz, our flagship product, leverages IR and AI to process pictures of retail shelves from thousands of retail stores in Modern Trade and General Trade markets. InfiViz instantly generates revenue optimising action plans, reduces stock-outs and consequently, improves same-store sales by 2-5 per cent.”

“We are excited to be partnering with Mela Ventures, 1Crowd, and TCA. The investment and mentorship will help us build cutting-edge Deep Technology products and boost our enterprise sales in global markets,” Gabale added.

Speaking on the investment, Mela Ventures’ Parthasarathy N.S said,  “Infilect’s products automate traditional retail processes with speed, accuracy, and on a large scale. Thereby, Infilect empowers decision makers in the entire organization, from associates to category owners to sales leaders, with unprecedented insights and actions. We see a great potential in ‘team Infilect’ to build a world-class Enterprise SaaS company out of India, and we are thrilled to be partnering with Anand and Vijay through our maiden investment.”

As part of the investment, Rostow Ravanan, an IC Member of Mela Ventures, will join Infilect’s board of directors.

Girichandra Kuchangi, Partner, 1Crowd, said, “Computer vision technology has the potential to unlock significant value in the retail sector in the areas of retail execution, customer insights and marketing. We are pleased to see Infilect gain the confidence of Indian as well as global consumer brands. We are excited to be supporting Anand and Vijay in their quest to digitally transform retail operations worldwide.”

Lakshmi Narayanan, co-founder, Cognizant and a Chennai Angel investor said, “For superior delivery of retail products across multiple channels, Retail Brands need deep insights from visual data in offline stores. Infilect’s founders have a unique research and technology background to create magical experiences and extract meaningful actions from visual data captured in diverse retail environments.”

Spain’s startup ecosystem: 9 investors on remote work, green shoots and 2020 trends

Young woman riding an electric scooter in a city

Image Credits: Marigot (opens in a new window)/ Getty Images

As reported in the first half of our Spain-focused VC survey, the nation’s startup ecosystem continues to grow and is keeping pace with ecosystems in more developed European countries such as U.K., France, Sweden and Germany.

While main hubs Madrid  and Barcelona bump heads politically, tech ecosystems in each city have been developing with local support. According to this regional investor database, Spain is home to 62 angels, 84 seed funds and 19 Series A and beyond institutional funds.

How Zero Waste Production is Becoming a Reality in the Circular Economy

Zero Waste Manufacturing (ZWM) is a concept that enables circular economies by employing manufacturing technologies and systems aimed at eliminating wastes throughout the value chain. The Zero waste production aims at preserving the environment from human exploitation and taking care of it through an inclusive, ecological, and fair transition. The responsibility is expediting responses to sudden temperature variations and minimizes confusion of seasons in the prevention of biodiversity depletion and soil quality degradation. Zero waste focuses on reusing the materials until the optimum level of consumption is achieved.

The primary goal of zero waste shop is designing different products in a way that can reduce people’s daily wastes and enhancing sustainable living. Various items can be made from durable materials, including organic cotton, bamboo, jute, and coconut. Accordingly, designing different products by Webs hop is essential in reducing waste disposal and encourages reusability of items such as Corkcicle, Watch, and bottle chilly. Zero docket is one such webs hop which is about redefining the current mechanism of consumption and production whereby individuals take resources from the earth and later dump the remains into toxic holes inside the ground. An eco-friendly Webs hop is a very efficient solution for a healthy environment. It enables you to become plastic-free, thus reducing the impact on our environment. The shop not only sells reusable, zero-waste items in Belgium, France, and Italy but it also ensures that every product is eco-friendly, thus minimizing environmental footprints.

The Benefits Of Zero Waste Production and Consumption

Production through Zero waste concept is essential not only to environmental sustainability but also for both personal and economic reasons. It aims to eliminate general trash production and by conscious consumerism, making people live with the intention of not wasting the available resources. Notably, the Zero-waste lifestyle encourages reliability on bulk, high- quality, and biodegradable products. The change in purchasing and consumption habits can enable you to obtain personal, economic, and environmental benefits.

VIDEO: The real ‘Iron Man’ suit makes its first test flight to rescue a victim

  • The paramedics would take 25 minutes to walk to the scene of the simulated accident, however, the suit managed to transfer the pilot in 90 seconds.

Gravity Industries together with the United Kingdom’s Great North Air Ambulance Service (GNAAS) tested the “jet suit” in the Lake District National Park, a suit that flies by propulsion and allows the rescue of accident victims located in areas remote.

In the test, Gravity Industries founder and chief test pilot Richard Browning flew from the bottom of the valley to a simulated casualty site at The Band, near Bowell.

According to a statement published by GNAAS, it would take the paramedics 25 minutes to walk to the scene of the simulated accident, however, the suit managed to transfer Browning in 90 seconds.

“Our aircraft will continue to be a vital part of the emergency response in this area, as will the fantastic mountain rescue teams. But it’s about supplementing those resources with something completely new, ”said Andy Mawson, GNAAS chief operating officer and paramedic.

He added that this technology could “allow the team to reach some patients much faster than ever. In many cases, this would alleviate the suffering of the patient. In some cases, it would save their lives. “