Researchers at MIT have developed a new method for growing plant tissues in a lab — sort of like how companies and researchers are approaching lab-grown meat. The process would be able to produce wood and fibre in a lab environment, and researchers have already demonstrated how it works in concept by growing simple structures using cells harvested from zinnia leaves.
This work is still in its very early stages, but the potential applications of lab-grown plant material are significant, and include possibilities in both agriculture and in construction materials. While traditional agricultural is much less ecologically damaging when compared to …
The second trend, according to Stewart, is consumer/retailer emphasis on physical health. “COVID-19 brought fear and panic to the retail landscape. The closure of non-essential retail stores to stop the spread of the virus, while mandated for public health, brought intense financial ramifications,” Stewart explains. “At the same time, the focus on health accelerated the development and application of technologies to allow consumers to shop safely. While many innovations were in the development pipeline, the pandemic greatly compressed the application timeline. In part, these technologies include those that facilitate touchless retail, including customer interfaces, virtual testing and try-on of …
Walid Ali, artificial intelligence in manufacturing, Microsoft, joins Peggy to talk about sustainability and its importance now and into the future. They discuss how AI (artificial intelligence) is changing in business and what makes it so essential now and how AI technology can help us achieve greater sustainability along with the adoption rate to enable sustainability initiatives. He provides advice to organizations looking to achieve greater sustainability, how different generations help achieve these goals, and adds insight into what we all can do to come together to bring greater sustainability to fruition and reskilling, retooling, and retraining of employees.
COVID-19 looms over the 2021 sustainability outlook, and the pandemic has and will continue to impact all aspects of society in large and still unknown ways. Connected World discussed this topic with Matt Kromer, head of grid integration at Fraunhofer, who shared his thoughts on 2021 sustainability trends, how IoT (Internet of Things) technologies will help businesses and governments pursue sustainability in the next year, and how COVID-19 will impact sustainability goals and initiatives in 2021 and beyond.From a macro-economic perspective, Kromer points out that COVID-19 spurred a large drop in energy use in 2020. For instance, DNVGL projects an 8% reduction in global …
As businesses around the world look to automate production lines and supply chains, companies making the robots are attracting great investor interest. The latest to get funded is Flexiv, which closed a Series B round north of $100 million from investors including China’s on-demand services giant Meituan, TechCrunch learned.
Other major investors in the strategic round are Chinese venture capital firm Meta Capital (元知资本), major Chinese agricultural company New Hope Group, private equity firm Longwood, Jack Ma’s YF Capital, prominent Chinese venture capital firms Gaorong Capital and GSR Ventures, as well as Plug and Play’s China and U.S. …
Typically, the space is pretty burned out on tech buzz words of the year by the time December rolls around. But this year, tech buzz words’ place in the news has been usurped by all things COVID. Had COVID-19 not stolen most headlines since March, sustainability would have been more of a hot topic in 2020. And while sustainability may have taken a bit of a back seat during this year of the pandemic, it will be a trend that carries throughout the 2020s, because experts are appear optimistic upon entering 2021.
The ACEEE (American Council for an Energy-Efficient Economy) recently released …
The double whammy for cybersecurity in 2020 has been the huge increase in the number of remote workers and the heightened everything surrounding the COVID-19 pandemic. Together, these factors have created a new and expanded playing field for cybercriminals looking to prey on people’s fears and take advantage of overwhelmed IT departments trying to support work-from-home productivity.
Critical operations and infrastructure have been a big target for cybercriminals this year as these malicious actors look to disrupt industries such as healthcare, government, and education in times of unease, upheaval, and rapid change. A new report from RiskIQ, for instance, outlines …
From a young age, Will Bruey, the co-founder and chief executive of Varda Space Industries, was fascinated with space and running his own business.
So when the former SpaceX engineer was tapped by Delian Asparouhov and Trae Stephens of Founders Fund to work on Varda he didn’t think twice.
Bruey spent six years at SpaceX. First working on the Falcon and Dragon video systems and then the bulk of the systems actuators and controllers used in the avionics for the crewed Dragon capsule (which recently docked at the International Space Station). `
According to Asparouhov, that background, and the time …
Bill Zhang lowered himself into lunges on a squishy mat as he explained to me the benefits of the full-body training suit he was wearing. We were in his small, modest office in Xili, a university area in Shenzhen that’s also home to many hardware makers. The connected muscle stimulator attached to the suit, called Balanx, is designed to bring so-called electronic muscle stimulation, which is said to help improve metabolism and burn fat.
“We are not really aiming at Chinese consumers at this point,” said Zhang, who started Balanx in 2014. “The suit is for the more savvy consumers in the West.”
Chinese entrepreneurs don’t expect relationships between the countries to warm up anytime soon, but many do believe the new office will make “less erratic” and “more rational” policy decisions, according to conversations TechCrunch had with seven Chinese hardware startups. Chinese tech businesses, big or small, are adapting swiftly in the new era of U.S.-China competition as they continue to woo overseas customers.
Designed in China
Zhang is just one of the many entrepreneurs looking to bring state-of-the-art Chinese hardware to the world. This generation of founders no longer hawk cheap electronic copycats, the image attached to the old “Made in China” regime. Decades of knowledge transfer, product development, manufacturing, export practice and policy support have made China a powerhouse for producing new technologies that are both edgy and still widely affordable.
Anker’s power banks, Roborock’s vacuums and Huami’s fitness trackers are just a few items that have gained loyal followings in several overseas markets, not to mention global household names like Huawei, Xiaomi, Oppo and DJI.
Consumer sentiment is also changing. Europeans’ perception of “Made in China” quality and innovation has “improved significantly” over the last 10 to 15 years, said Frank Wang who oversees marketing at Xiaomi -backed Dreame which makes premium home appliances including cheaper alternatives to Dyson hairdryers and vacuums.
The new players are eager to replicate the success of their predecessors. They seek media attention and retail partners at international trade fairs like CES, teach themselves Facebook and Google campaigns, and court gadget lovers on crowdfunding platforms. Investors ranging from GGV Capital to Xiaomi rush to back scrappy startups that are already shipping millions of units around the globe.
For Donny Zhang, a Shenzhen-based electronics parts supplier to hardware companies, businesses have been shrinking as soon as the trade war began. “My clients are taking the brunt because the costs of procurement have increased,” he said of those who directly or indirectly deal with American firms.
While many export-led hardware businesses loathe decreasing profitability, some learn to adapt and look for a silver lining. That has unexpectedly spurred new directions for factory owners in China. Indiegogo, one of the world’s largest crowd-funding platforms, saw the changes first hand.
“Once tariffs increase, there’s not much profit margin left for manufacturers because the middlemen already eat up the bulk of their profit,” Lu Li, general manager for Indiegogo’s global strategy, told TechCrunch.
“A good solution is for factories to skip the middlemen and sell directly to consumers with their own brands. Once the goal of brand building is clear, they often come to us because they need marketing help as a first step to establish themselves as a global consumer brand.”
The trend, dubbed “direct-to-consumers” or D2C, also plays into China’s national plan to encourage manufacturing upgrade and homegrown innovations to compete globally, an initiative that began to take shape around 2015. The development naturally makes China Indiegogo’s fastest-growing region in the last two years: in the first three quarters of 2020, businesses coming from China jumped 50% year-over-year, according to Li.
Having an appealing product and brand is just the prerequisite. Ever-changing trade policies and geopolitics have forced many Chinese businesses to localize seriously, whether that means setting up a foreign entity or building a local team.
For Tuya, which provides IoT solutions to device makers around the world, the trade war’s effect has been “minimal” since it has operated a U.S. entity since 2015, which employs its local sales and technical support staff. Most of its research and development, however, still lies in the hands of its engineers in India and China, the latter of which can be a potential contention point, as shown by TikTok’s recent backlash in the U.S.
“The key is compliance. We have a dedicated team of security experts to work on compliance issues. For instance, we were one of the first to get GDPR certified in Europe,” said the company’s chief marketing office Eva Na.
The company’s readiness is prompted by practical needs though. Many of its clients are large Western corporations that demand strict legal compliance in vendors, so Tuya began collecting the needed certificates early on. Connecting 200,000 SKUs today, Tuya’s footprint is found in over 190 overseas countries, which account for over 60% of its business.
Well-funded Tuya may have the financial and operational capacity to sustain an overseas team; but for smaller startups, localization can be a costly and tedious learning curve. Many opted to set up a Hong Kong entity to tap the city’s status as a global financial hub and evade trade restrictions on China, an advantage of the territory that began to crumble following Beijing’s implementation of the national security law.
Balanx, the smart training suit maker, has a Hong Kong entity like many of its export-facing hardware peers. To cope with new global headwinds, it registered a virtual company in Nevada but quickly realized the entity is of little use unless it has an on-the-ground operation in the U.S.
“Many local banks would ask for utility bills and etc. if I want to open an account, which we don’t have. We realized we must have a local team,” asserted the founder.
Zhang is positive that small companies like his own will remain under the radar in spite of U.S. sanctions. “Just avoid having any government connection,” he said.
Indeed, some of the more “benign” and niche products are continuing to thrive in their global push. PopuMusic, a Xiaomi-backed startup making smart instruments like ukulele and guitar to teach beginners, is one. “We aren’t affected by the trade war. We are in a business that’s neither threatening nor aggressive,” said Zhang Bohan, founder of PopuMusic, which counts the U.S. as one of its biggest overseas markets.
Chinese brands are also seeing their edge as the coronavirus sweeps across the globe and confines millions at home. Hardware makers like Balanx, Dreame and PopuMusic have long learned to master e-commerce and logistics in a country where online shopping is ubiquitous.
“Consumers in Europe and the U.S. are growing more accustomed to e-commerce, a bit like those in China five to eight years ago,” said Wang of Dreame.
Rather than rethinking the U.S., PopuMusic is forging further ahead by launching a new connected guitar via an Indiegogo campaign. Global expansion is at the core of the startup’s vision, the founder said. “We are global from day one. We had an English name before even coming up with a Chinese one.”
In the process of making big bucks, hardware makers may have to downplay their “Made in China” or “Designed in China” brand, said Li of Indiegogo. This could help them avoid unnecessary geopolitical complications and attention in their international push. But one has to wonder how this new generation of entrepreneurs is reckoning with their national pride. How do they deal with the mission passed down by Beijing to promote Chinese innovation in the global marketplace? It’s a line that Chinese entrepreneurs have to tread carefully in their global journey in the years to come.