In part one of our series on How TandemLaunch Evaluates Technologies, we discussed the process of evaluating an invention by first identifying the technological problem it solves and then researching how that problem manifests in different markets. What you would have in hand at this stage is an invention, a clearly articulated technological problem, and a set of industries that have that technological problem in common. At this point we can start constructing narratives which will serve as hypotheses for businesses which we can validate through conversations with potential customers.
One of the most challenging times for an emerging startup, especially a technology-focused one, is the pre-revenue stage. In this stage, all resources are going into building a proof of concept, a minimum viable product, and a marketable deliverable. Sometimes, what is important and what is immediate can’t be easily differentiated. In the case of an early startup where money can mean the difference between life and death of a company, generating revenue from selling supplementary products and services can be one of the most valuable decisions entrepreneurs can make.
As a venture capital (VC) fund, we at TandemLaunch see ourselves primarily as investors in people and technology. Our foundry approach to company creation, however, requires a different approach to opportunity evaluation. Where a more traditional VC fund is given a configuration of technology, talent and business strategy to evaluate as a whole, we must find a way to evaluate potential configurations of these aspects before they exist. How we do this will be the subject of this series of articles.
September 25, 2020
TandemLaunch Inc, the Montreal-based deep-tech venture studio, announced the funding of OPTIUS to build the next-generation photonic AI accelerator chips.
“As one of the most active AI venture builders, TandemLaunch is always looking for technologies that can offer computing breakthroughs for AI applications. OPTIUS unique framework offers this breakthrough in a practical format for many applications. We are excited to support OPTIUS as they bring their technology to market.” Said Dr. Helge Seetzen, CEO of TandemLaunch.
First published in 2010
Almost a decade ago, I wrote a blog post about diversity and the techniques used at TandemLaunch to leverage diverse teams for greater success. TandemLaunch has changed a lot since those early days. We have created over 30 companies who now employ over 1,000 professional, raised three funds and learned countless lessons throughout that journey. But our commitment to diverse and recognition of the value brought by diverse teams remain just as strong.
The world has also changed during this decade. The #metoo movement and current racial equality moments have transformed many aspects of our society. Equality, diversity and inclusion have moved forward in our collective consciousness and much progress has been made on many fronts. Yet, even more progress will be needed in the future if we really want to make the entrepreneurial world accessible with equal opportunity. In that spirit, I have dusted off the old blog post, updated the temporal references and made it available again for your reading pleasure.
SDTC Funds Omniply
Omniply’s Clean Technology Aims to Create Sticker Electronics for OLED Displays and Sensors
Montreal, Canada, July 30, 2020: Omniply Technologies the creator of flexible sticker electronics, today proudly announced that it has received funding from Sustainable Technology Development Canada (SDTC). SDTC focuses on helping Canadian Entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.
TONZ provides high-quality digital audio processing tools to support the varying practices of Gen Z musicians. Only TONZ has the technology to model complex non-linear processes, allowing us to produce superior quality audio processing products, music technology framework to support our customers.
Optius is a recently formed start-up that uses light to solve one of the biggest problems in modern computation: Time and energy consumption of data transfer. We believe that emerging technologies, like autonomous driving, will benefit significantly from our technology. The extremely fast computation would allow true and robust real-time decision making. We foresee applications for Artificial Intelligence, Big data, High-performance computing, Autonomous driving, and High-frequency trading.
MONTREAL, May 26, 2020 /CNW Telbec/ -HaiLa Technologies Inc., a Canada-based semiconductor start-up that has developed a low power communication technology for IoT, announced today that it has raised $5 million in an oversubscribed seed round led by Chrysalix Ventures. Other investors include Ecofuel Fund, TandemLaunch, a prolific university from California, and several angel investors including HaiLa’s newly appointed CEO and President, Ole Christian Andersen. This financing will enable HaiLa to demonstrate manufacturability, secure first tier customers and partners, and set the stage to completely revolutionize the wireless sensor industry.
No Hardware, No wearables, No installation or invasive cameras, a truly game changing solution
Montreal, May 5th, 2020 — Aerial Technologies, a Montreal-based AI company, announced today the launch of the world’s first AI-based ambient Remote Care Solution. Aerial’s leading team of experts have been working for the past 5 years on its ground-breaking technology patented in 2010 to create this state-of-the-art solution which can use the existing WiFi infrastructure available in people’s homes without requiring any additional hardware! This new technology changes the paradigm of the TeleCare industry; it enables broader access to Remote Care at a fraction of the cost, as well as greater convenience with its passive non-invasive approach.