Showing posts with label entrepreneurship. Show all posts
Showing posts with label entrepreneurship. Show all posts

Nov 23, 2011

INDIA INNOVATES: SOME OF THE BEST INNOVATIONS FROM INDIA IN RECENT TIMES


The Indian technology industry got its start running call centers and doing low-level IT work for western firms. Then, in the 2000s, it started taking on higher-level IT tasks, offering management consulting services, and performing sophisticated R&D. Now there is another transition happening, one far more significant: a transition to development of innovative technology products. Instead of providing IT services as the big outsourcing companies do, a new breed of startups is developing high-value products based on intellectual property. The Indian industry group NASSCOM estimates that, in 2008, the country’s software product revenues totaled $1.64 billion. It forecasts that this will grow to $11 billion per year by 2015. -Vivek Wadhwa (TechCrunch)

Here are some of the hottest innovators from India  and their story.


H P Khincha
 K. Chandrasekhar of Forus Health.
Chandrasekhar learned that that the vast majority of the 12 million people in India who are blind could have maintained their sight if only their problems had been diagnosed and treated on time. The diagnostic equipment for a single hospital cost at least US$60,000—which put it out of the reach of most regional clinics—and required ophthalmologists to perform the diagnosis. Chandrasekhar and Forus cofounder Shyam Vasudev decided to leave their jobs as senior executives at NXP Semiconductor (an offshoot of Philips) to create an affordable, all-in-one, intelligent pre-screening device that is non-invasive and can be used by minimally trained technicians in rural India. The device provides an indicative report in 10 minutes for five major eye-related problems, including diabetic retina. This frees the doctor up to treat patients rather than administer tests. The product costs less than $15,000, and Forus expects the price to drop to half that in volume production.

Ajit Narayananand.
Ajit Narayananand (29 years)
Innovator of the Year
Ajit Narayanan, 29, exemplifies the spirit of innovation in India. Toiling for a few years at a startup, Invention Labs Engineering, incubated at the IIT (Indian Institute of Technology) Madras, Narayanan has developed an alternate communication system for millions of people who remain incommunicado with the society due to their disabilities.
Avaz
Avaz, (voice in Hindi) is the tool which uses a variety of software and hardware to provide a voice to these muted millions using just their muscle movements.
There are an estimated 10 million people in India who suffer from speech impediments. They may not have speech but they have a lot to say. And they can benefit from Narayanan's device. AVAZ is a communication device for people with speech disorders such as cerebral palsy, autism, mental retardation, and aphasia.
Avaz works by converting limited muscle movements, such as head or finger movements, into speech. His invention broadly falls under the category of Augmentative and Alternative Communication (AAC) technologies.

Alefia Merchant.
Alefia Merchant (32 years)
Humanitarian of the Year

Novel method of screening for eye disease in children under the age of five.

An estimated 1.4 million children in the world are blind and 90 percent of them are found in developing countries. In India, these children often face a lifetime of disability.

Poor vision affects every aspect of their lives - economic, social, and psychological. Ultimately, it undermines their function and acceptability in their families and in society.
If children with visual disabilities were detected sufficiently early, approximately 40 percent of such cases could be prevented or treated and the remaining could be rehabilitated to minimize the child's handicap.
In India, there are many hurdles in detecting, diagnosing, and treating such children. There is no organized screening program focused on identifying children under the age of five for sight-threatening eye conditions. The World Health Organization reports the lack of adequate community-based, primary-care screening programs as an important barrier to improvements in current morbidity and mortality rates due to eye-related diseases.
A novel method for eye-testing
Third year medical student at University of Montreal, Montreal, Canada, Alefia Merchant has developed a novel method of screening for eye disease in children under the age of five.
Merchant developed the method during September 2009 till June 2010 as part of her community pediatric ophthalmology project at the Narayana Nethralaya Postgraduate Institute of Ophthalmology, Bangalore, Karnataka. She was the co-investigator of the project along with Ashwin Mallipatna who is consultant pediatric eye surgeon at Narayana Nethralaya, Bangalore.
Merchant's method exploits existing, low-cost, and readily-available digital camera technology to photograph a child's eye for signs of vision-threatening disease as an alternative to standard medical technology in current use.
Gautam Kumar.Gautam Kumar (26 years)
Social Innovator of the year
System to detect gas leakages - RoboticWares, Bhubaneshwar
Passionate to innovate, Gautam Kumar has developed a system that detects leakage of liquid petroleum gas (LPG) and sends warning messages to people connected with the device over their cell phones. He calls the device Suraksha which means "safety" in Hindi.
Kumar along with his cofounder Kushal Nahata got the idea to develop the device when he read about a gas leakage accident in Bhubaneshwar in which a few people lost their lives. "The incident reminded of a similar but bigger accident that occurred near Kushal's parents' house in Chandni Chowk, New Delhi, a few years back," recalls Kumar. The duo immediately felt the need of an alarm system which could warn people in time to save lives or even avoid such hazards before it is too late.
The device from Roboticwares is based on the olfactory kind of sensors which enables an intelligent machine to detect a certain type of smell and based on preset rules perform the actions which are programmed in it. Kumar's Suraksha can be configured to communicate with a maximum of five people by registering their cell phone numbers on the device.


Akash Lal.

Akash Lal (29 years)
Improving software quality using automated verification

Microsoft Research, Bangalore


With software becoming all pervasive in our daily lives, it must become all the more reliable and shouldn't crash or behave unexpectedly. And the way to address this is through automated verification of programs.
Though automated verification can significantly improve the quality of software with little manual effort, the available verification tools have been used to test sequential programs. This is a concern as modern software is invariably concurrent.
The problem of automatically verifying concurrent programs is two-fold: one has to explore different inputs to the program, and also explore different interleavings that happen between threads in the program for each input.
Akash Lal's work shows that verification of real-world concurrent programs is possible. His innovation bridges the worlds of sequential and concurrent programs. 

Agilewiz Snapshot.Akshay Shah (29 years)
iWeb Technology Solutions, Mumbai
A business process management generator which can create applications on the fly.
While working in Pune for enterprise resource planning software maintenance and support, Akshay Shah realised that the popular ERPs available in the market were very complex in nature.
He felt the need to develop a software which could churn out on-demand and cost effective applications for business process management. He developed a software platform called AgileWiz, a short form of agile wizard.
The Agilewiz technology is based on the concept of platform-as-a-service which can build fully functional application modules by feeding appropriate metadata as input.
The Agilewiz has a business rules management system (BRMS) which ensures that implementers do not have to repeatedly rely on software principals for critical but necessary customizations of the product.
Shah says that the platform has been designed from ground up and is technology independent. Any ERP, e-governance, hospital management, or a payroll application can be developed quickly using Agilewiz.

Deepak Ravindran.
Deepak Ravindran (22 years)
Innoz Technologies, Haryana
A mobile based search engine to deliver information on any topic.
Deepak Ravindran calls it the "instant cup of knowledge". His mobile based service, SMSGyan, promises information on almost any topic to the user on his mobile phone without asking him to click on any link.
There are a host of services existing which would give users information on certain topics on their mobile phones but most of these are either limited to a sector, such as railway enquiry, or they send links to the user's mobile phone asking the user to click on them to access desired information.
Such services have not become very popular with the vast majority of the people because they don't have GPRS connection on their mobile phones or the connection is weak. Though India has almost 700 million users today, the smart phone penetration still remains very low.
Gyan means "knowledge" in Hindi, and the SMSGyan provides myriad information services which include dictionary, encyclopaedia, job search, health, stock market, and more via text messages.
The idea was seeded when one day, Hisam, one of the founders of Innoz Technologies, was in transit and wanted to know the meaning of a word and found that his basic phone was of no use to get the information. Since the phone had no application and no Internet connection to go to a dictionary and enquire, Hisam had to do without knowing the meaning.
"This kind of a thing has happened to each one of us and it can be frustrating," says Ravindran. The team then sat down to put together an answer engine which would give users answers to various kinds of queries from anywhere at any time.
The SMSGyan platform can work with any number of databases or resources. It delivers mobile-optimized results. These text results support upto a maximum 500 characters of information across all operators in India.
A user would have to type an SMS with the keyword GYAN followed by the query and send it to 56161. For example, to know the stock price of Infosys, a user would have to type "GYAN Stock Infosys" and send it to the specified number.

Aishwarya Lakshmi Ratan.
Aishwarya Lakshmi Ratan (29 years)
Microsoft Research, Bangalore
A hybrid paper, pen, and digital slate solution for a low-cost digital record management system.
Technologies that exist today either require users to use a digital pen and a digital slate, which are not very user-friendly, or they require users to digress totally from pen and paper to a personal digital assistant or a computer-based interaction.
All of these technologies are expensive as compared to a pen and paper medium. And therefore, such technologies have not taken off in countries like India where the masses are still comfortable using pen and paper to write in their regional languages.
Aishwarya Ratan has come up with a low-cost digital system which lets the users have the convenience of using a normal pen and a plain paper to record data and instantly store it in the digital form.
This solution has been piloted with self help groups (SHGs) who microfinance and maintain records of each person's savings and loans. Conventionally, the data was recorded at a site on papers and it was later converted into digital data.
Aishwarya's team chose a low-cost digital slate and pen prototype device that allows handwritten entries, made with the pen on ordinary paper forms placed on the device, to be instantly digitized.

Harit Soni.Harit Soni (27 years)
Ecolibrium Energy, Ahmedabad
Smart grid technology to optimise the use of electricity in India.
Supported by the Ministry of New and Renewable Energy of the Government of India, Ecolibrium is a smart-grid startup aimed at enabling consumers to manage power consumption in real-time. A humungous amount of electricity is wasted because of the lack of a feedback loop between suppliers and consumers.

India has a power deficit of 12 percent with almost 300 million people living without electricity. Transmission losses amount to 1.5 percent of India's gross domestic product. Harit Soni, founder of Ecolibrium Energy, opines that achieving energy efficiency is more cost effective and environment-healthy than setting up new power plants to fulfil India's power demands.
At Ecolibrium Soni has led the development of indigenous smart grid technologies. The smart grid is essentially addition of communication and application layers on top of the existing power transmission layer. Though smart grid technologies are available, India needs a customized solution to address the transmission and distribution losses. 

Krishna Gopal Singh.Krishna Gopal Singh (29 years)
EnNatura Technology Ventures, Delhi
Eco-friendly printing ink that reduces harmful emissions by almost 99 per cent.
The offset printing industry emits 500,000 tons of volatile organic compounds (VOCs) annually into the atmosphere.
These emissions are huge contributors to global warming and are also detrimental to the health of millions of workers in the global print industry.
The major source of pollution is the petroleum components in such inks which are released in the atmosphere as harmful emissions during the drying and the washing processes of printing, causing photochemical smog formation and ozone depletion.
Printers who are exposed to regular emissions are in danger of acquiring respiratory ailments such as tuberculosis and even cancer. The current eco-friendly solutions available in the global market are either expensive or do not produce the same quality output as the widely-available petroleum based inks.
Krishna Gopal Singh, chief technology officer of Ennatura Technology Ventures, Delhi, has formulated a biodegradable printing ink which is mainly composed of the resin, the solvent which is used to dissolve the resin, the color pigment, and additives.
Singh and his team created a functional resin from renewable feedstock so that all the chemical reactions involved in the printing process don't result in emission of volatile organic compounds.
This particular kind of resin is pH-sensitive and the inks formulated with it print well with mildly acidic fountain solutions used in lithography printing.

Manav Bhatia.Manav Bhatia (32 years)
Alcatel-Lucent, Bangalore
Securing the Internet service provider's routing network.
Routing in the Internet is a very complex task and routing protocols play the key role in ensuring that Internet works in a sane way.
And Manav Bhatia's security and authentication algorithms help in making the routing protocols more secure and less susceptible to attacks, such as Denial of Service (DoS) or traffic redirection, so that data transfers happen seamlessly over the Internet.
Having spent a considerable amount of time studying and working in routing protocols, Bhatia started noticing that protocols were not as secure as they were always thought to be.
He looked closely at how these protocols used the cryptographic authentication mechanisms and saw vulnerabilities in almost all the popular protocols deployed in the service provider and enterprise networks. Bhatia worked on the mechanisms that were defined by the Internet Engineering Task Force (IETF) standards and fixed the vulnerabilities.
The IETF is a global community of network designers, operators, and researchers responsible for producing technical specifications for the evolution of the Internet architecture and smooth operation of the Internet.

By Sharath with No comments

Nov 22, 2011

After Steve Jobs: About Dropbox and its whiz-kid creator Drew Houston.


Dropbox founder Drew Houston is an MIT graduate. But what sets this young entrepreneur different is the fact that when Steve Jobs made an offer that he couldn't refuse to buy his intelligent creation, he turned it down without a second thought! 

"I mean Steve friggin' Jobs," quips Houston, who is now just 28. Dropbox is the creation of Drew Houston, and it tries to solve one of the oldest problems the Internet has ever had: How do I access all my files from anywhere I go, no matter what device I am on? Simple it may sound but the statistics of growth for this humble startup is simply startling. The 50-million user figure was only one-third that a year ago, and the revenue is set to hit $240 million in 2011, despite 96% of its user base being free users! Even if Houston is reluctant when it comes to revealing margins, we know this much: the 70 employee team that runs Dropbox, most of them engineers, generate three times more revenue per employee than even industry hulks like Google.

Statistics must be Houston's favourite because they also predict, that the 96% free users are filling their 2GB free accounts at scorching speeds and will soon upgrade to 50GB for $10 a month or 100GB for $20. This means even if no user signs up newly in 2012, his sales will double! "But we will sign up many, many customers". Dropbox has become a verb and has joined the many recent additions to the vocabulary like 'twittering', 'e-mailing', you can now, "Dropbox Me"!


Born in suburban Boston, Houston's father is a Harvard trained Electrical Engineer and mother a high-school librarian. His mother had the intuition that her son is geek material when he started tinkering with an IBM PC Junior at the age of 5! She promptly made him learn French, made him hangout with friends, and never allowed him to skip a grade. At 14 Houston signed up to test online games and was soon rooting out security flaws. The company soon hired him as their network programmer. He worked at startups throughout his high school. Dropbox is his sixth.


By his freshman year at MIT, Houston had largely become what his mom feared most- he was churning out code big time. He was finally convinced by Daniel Goleman's "Emotional Intelligence" that  Intelligence was not all that counted if he was to run his own company. "No one is born a CEO, but no one tells you that" says Houston. “The magazine stories make it sound like Zuckerberg woke up one day and wanted to redefine how the world communicates with a billion-dollar company. He didn’t.” He then went for an MBA or “a crash course in project management and getting people to do stuff for you.”


The idea of dropbox was conceived three months later when he was travelling to NY; having forgotten his USB drive he was left with no code to work on. Frustrated and challenged, he then set to write code for seamless synchronisation of files across different platforms, and voilà, four months later he was flying to San Francisco to meet Paul Graham of Incubator Y Combinator, who would later fund his startup.


Impressed by his innovative idea and work done so far, Y Combinator promised funding but insisted he have a co-founder before submitting application. Houston had two weeks; enter Arash Ferdowsi, son of Iranian refugees, studying Computer Science at MIT. After their getting together, Ferdousi dropped out of MIT with just six months to go! With the $15000 from Y Combinator, they could rent an apartment and buy a Mac. Houston and Ferdowsi spent 20 hours a day trying to reverse engineer and make their application fit on Mac.“Devices are getting smarter—your television, your car—and that means more data spread around,” says Houston, “There needs to be a fabric that connects all these devices. That’s what we do.” Months later, they  presented Dropbox at Y Combinator meeting, and from then on there has been no looking back!


Houston and Ferdowsi spent the next year pulling all-nighters. They were perfectionists. One time Houston had to track down a copy of Windows XP for Sweden because it had a unique coding quirk that was stalling Dropbox slightly. Ferdowsi had a designer spend hours tweaking the shade of Dropbox’s button inside the file system on a Mac. It was a touch darker than the Apple buttons, and it drove him “crazy” for weeks. “I am the gatekeeper here,” says Ferdowsi. “Everything has to be just so.”


It was at one of his meetings-over-lunch that he realised how big Dropbox has become. While explaining the concept, someone at the table said, “I know, I use it all the time.” Rather than a tech CEO, his drinking buddy was rapper Will.i.am of the Black Eyed Peas, who told Houston he used Dropbox to collaborate with producer David Guetta on the hit “I Got A Feeling.” Such anecdotes now pour in. After his laptop crashed during final exams one law student wrote in: “Without Dropbox I would have failed out of law school and be living under a bridge.” A watch design firm just outside of Venice, Italian Soul, uses Dropbox to create new pieces with a designer in Mendoza, Argentina, the hulking 3-D files living painlessly in the cloud. Haitian relief workers kept up-to-date records of the deceased and shared those names with Miami and other cities. Professional sports teams inventory videos of opponents’ plays, accessible wherever the team is playing. Last Thanksgiving even the shadowy Ferdowsi, donning a Dropbox hoodie, was mobbed by star-struck teens in an arcade in Kansas City, his hometown. “That’s when I knew we’d hit it,” says Ferdowsi.


As for now,Houston’s estimated 15% stake is worth, on paper, $600 million.

By Sharath with No comments

Nov 21, 2011

WORLD'S MOST SUCCESSFUL YOUNG ENTREPRENEURS

Who wouldn't like to have a life like these people, who are the lucky few who struck gold at their very ripe young age. Many of those faces on this list must be familiar to you, as you may have used their products in your everyday life one way or the other. Some of them may be totally strangers to you but still you WILL be dropping your jaws once you read about the success they made with simple ideas that solved complex problems. That said, let us begin with our very own Facebook inventor Mark Zuckerberg, who actually, tops the list!


Name: Mark Zuckerberg
Website:Facebook
Age:27
Networth:$17.5 billion.
Zuckerberg began using computers and writing software as a child in middle school. His father taught him Atari BASIC Programming in the 1990s, and later hired software developer David Newman to tutor him privately. Newman calls him a "prodigy," adding that it was "tough to stay ahead of him." Zuckerberg also took a graduate course in the subject at Mercy College near his home while he was still in high school. He enjoyed developing computer programs, especially communication tools and games. In one such program, since his father's dental practice was operated from their home, he built a software program he called "ZuckNet," which allowed all the computers between the house and dental office to communicate by pinging each other. It is considered a "primitive" version of AOL's Instant Messenger, which came out the following year.
The Wikipedia page on Mark Zuckerberg



Name:Andrew Gower
Website:Runescape
Age:28
Networth:$650 Million


Andrew Christopher Gower  is a British video game developer and co-founder of Cambridge-based Jagex Games Studio, the company he founded with Paul Gower and Constant Tedder. He wrote the MMORPG RuneScape with the assistance of his brother, Paul Gower. In December 2010 he left the Jagex board of directors. He no longer has holdings in the company. As of November 2011, he is not listed under the credits for RuneScape. Since leaving Jagex, Gower has founded a new gaming development and consulting company, Fen Research, of which he holds 90% of the shares.
The Wikipedia page on Andrew Gower



Name:Chad Hurley
Website:Youtube
Age:30
Networth:$300 Million
On October 16, 2006, Chen and Hurley sold YouTube to Google, Inc. for $1.65 billion. It was reported in the Wall Street Journal that Chad Hurley's share in the $1.65B sale of Youtube.com was $345.6M at Google's Feb. 7, 2007 closing stock price of $470.01. He received 694,087 Google shares directly and another 41,232 shares in a trust. His other two co-founders Steve Chen and Jawed Karim, received 625,366 shares and 137,443 shares respectively valued at $326.2M and $64.6M. 
The Wikipedia page on Chad Hurley

Name:Blake Ross and David Hyatt
Website:Mozilla
Age:22
Networth:$120 Million
Born in Miami, Florida, Ross created his first website at the age of 10. He began programming while still in middle school and began contributing to Netscape very soon after it was open-sourced. He worked as an intern at Netscape Communications Corporation at the age of 15, while attending high school at Gulliver Preparatory School, from which he graduated in 2003. Later that year, he enrolled at Stanford University, where he is now on a leave of absence to focus on work. He currently resides in nearby Mountain View, California.

Name:Andrew Michael
Website:Fast Hosts
Age:29
Networth:$110 Million
Fasthosts was originally started by Andrew Michael, then aged 17, as part of an A-level school project. It became a limited company in 1999, and launched UKreg in 2000. The company specialised in providing services for small businesses, and in 2002 was listed as the second fastest growing technology company in the United Kingdom by The Sunday Times.
Name:Angelo Sotira
Website:Deviant ART
Age:26
Networth:$75 Million
deviantArt aims to provide a platform for any artist to exhibit and discuss works. Works are organized in a comprehensive category structure, including photography, digital art, traditional art, literature, Flash, filmmaking, skins for applications, operating system customization utilities and others, along with extensive downloadable resources such as tutorials and stock photography. Additional utilities include journals, polls, groups and portfolios.
As of August 2010 the site consists of over 14.5 million members, and over 100 million submissions, and receives around 140,000 submissions per day. In addition, deviantArt users submit over 1.4 million "favorites" and 1.5 million comments daily.
Name:John Vechey
Website:PopCap Games
Age:28
Networth:$60 Million
PopCap Games was founded by John Vechey, Brian Fiete and Jason Kapalka in 2000. They wanted to create games, firstly by learning from other Internet gaming sites. Their first game wasBejeweled, a huge-hit gem-swapping game, which was supported on all major platforms and awarded by Computer Gaming World Hall Of Fame in 2002.
Name:Alexander Levin
Website:Image Shack
Age:23
Networth:$56 Million
ImageShack is a free image hosting website. ImageShack has a subscription service but the majority of its revenue is produced from advertising related to its free image hosting.
Name:Jake Nickell
Website:Threadless
Age:28
Networth:$50 Million

Threadless is a community-centered online apparel store run by skinnyCorp of Chicago, Illinois, since 2000. Co-founders Jake Nickell and Jacob DeHart started the company with $1,000 in seed money after entering an Internet t-shirt design contest.
Members of the Threadless community submit t-shirt designs online; the designs are then put to a public vote. A small percentage of submitted designs are selected for printing and sold through an online store. Creators of the winning designs receive a prize of cash and store credit.
Name:Greg Tseng and Johann Schleier-Smith
Website:Tagged
Age:28
Networth:$45 Million
Tagged Inc. was co-founded in mid 2004 by entrepreneurs Greg Tseng and Johann Schleier-Smith, who wanted to build a "Teen Yahoo or the next MTV". The pair had formerly co-founded internet incubator Jumpstart Technologies, which was later fined $900,000 for alleged violations of the CAN-SPAM Act, then the largest ever penalty for spam.
The Wikipedia Page for Tagged

Name:Matt Mullenweg
Website:WordPress
Age:23
Networth:$40 Million
The Wikipedia Page on Matt.

Name:Kevin Rose
Website:Digg
Age:30
Networth:$31 Million

Even if their ideas may have sparked off as simple ones, they sure have grown into money churning machines and these people had to work their ass off to get there. But more than that, it was their passion that has driven them through their trail of glory.





By Sharath with 1 comment

    • Popular
    • Categories
    • Archives