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Hardware startups leveled off in 2014 aftersharp increases the previous two years, but there’s no sign that IoT productshave lost their luster, given their momentum in key economic sectors fromhealth and energy to agriculture and financial services. In our biannualreport, Hardware by the Numbers: Summer 2015, you’ll learn the most pertinentdata behind the latest IoT trends.
Renee DiResta, Vice President of Business Development at Haven, not onlyreveals how many prominent accelerators around the world focus solely onhardware and why startups participating in these programs are roughly splitbetween B2B and B2C business models but also examines the effect this emergingecosystem is having in several industries, including:
- Health: wearables constitute the majority of connected devices
- Energy: "smart grids" continue to drive IoT adoption
- Financial services/insurance: sensors help this industry move from actuarial tables to behavioral and usage data
- Agriculture: conservation of resources and maximization of yield are at the forefront of IoT innovation
- Logistics and Transportation: startups are making inroads with GPS, routing optimization tools, and more
- Public sector: governments are moving down the path to instrumented cities
Download this free reportand discover the opportunities awaiting hardware and software entrepreneurs inthe IoT space.
About the Authors
Renee DiResta is Vice President of Business Development at Haven, a marketplace for ocean freight shipping, and a cofounder of the IoT Syndicate on AngelList. She was previously a Principal at OReilly AlphaTech Ventures (OATV), where she spent four years as a VC investing in seed-stage technology startups. Prior to OATV, Renee spent seven years an equity derivatives trader at Jane Street Capital, a quantitative proprietary trading firm in NYC. For fun, she plays with data sets, helps run The Maker Map open-source project, and is an avid crafter. Renee holds a B.S. in Computer Science and Political Science from the Honors College of SUNY Stony Brook. She lives on the web at http://noupsi.de and @noupside.
Brady Forrest (@brady) runs Highway1, PCH's accelerator. You can see his day-to-day work with hardware startups on Syfy's Bazillion Dollar Club (to be released Fall 2015). He cofounded and shepherds Ignite, a global talk series, and is part of the team currently organizing Ignite SF. He's a Venture Advisor to 500 Startups and helps arts organizations via CAST-sf.org. Formerly, he worked on a number of things at O'Reilly Media, including the Radar blog, Web 2.0 Expo, Where 2.0, ETech, and Foo Camp. Most years, you can find him on the playa.
Ryan Vinyard is the Engineering Lead at Highway1, a hardware-focused startup accelerator located in San Francisco under parent company PCH International. He is a mechanical engineer who came to PCH through its consulting arm Lime Lab, where he developed consumer products for Fortune 500 brands. Previously, Ryan worked at startups in the cleantech and electric vehicle space, where he developed novel powertrain, motor control, and thermal systems. Ryan holds a B.S. in Product Design from Stanford University.