IoT and field monitoring solutions are reshaping agriculture in 2024
A report by McKinsey suggests that if technological connectivity is successfully implemented in agriculture, the industry could increase the global domestic value by $500 billion within 2030. This would be a 7 to 9% improvement from its expected total. Industry giants like John Deere, Trimble, and Climate Corporation are at the forefront of utilizing sensors […]
Leveraging Outside Innovation for Your Business: A Guide to Open Innovation Models
Henry Chesbrough, who first introduced the concept of the open innovation model, best described it as: The purposive inflows and outflows of knowledge to accelerate internal innovation and expand the markets for external use of innovation. Henry Chesbrough Product innovations today no longer rely solely on the efforts of internal teams or happen behind closed […]
These 4 Startups Are Revolutionizing Energy Storage by Using Gravity
Current energy storage solutions face challenges such as negative environmental impacts, geographical constraints, scalability issues, and long-term sustainability issues. For instance, lithium storage requires rare earth minerals and poses recycling challenges, while pumped hydro requires large reservoirs and significant land use, limiting deployment. One of the alternatives, Gravity energy storage, emerges as a promising solution, […]
Innovative Prediction Models that are Reshaping Agriculture in 2024
Prediction models to forecast crop yields and determine irrigation needs can save up to 60% of water that would otherwise be improperly utilized. These systems help farmers and agricultural businesses assess the risk of disease or pest infestations and optimize irrigation and fertilization schedules. This article details the advancements made by innovators in crop yield assessment […]
4 Cutting-Edge Decontamination Innovations for Eye Drop Dispensers
A 2022 research review revealed that while the risk of contamination is relatively low for multi-use eye drop bottles within the first week of use (3%), the contamination rate increases significantly (24%) for bottles used over longer periods. This highlights the potential hazards associated with traditional preservative-reliant dispensers. As a promising alternative, the packaging industry […]
5 startups Innovating in Gene Therapy for Neurological Disorders in 2024
In 2021, a study by The Lancet Neurology showed that more than 3 billion people worldwide had a neurological condition. That’s over one in three! Access to treatment varies widely, with high-income countries having up to 70 times more neurological professionals per 100,000 people than low and middle-income countries. Furthermore, the complexity of these conditions […]
5 Innovative AI Drug Development Startups to Watch in 2024
Startups are leveraging artificial intelligence to create an innovative platform replicating the human immune system on a petri dish. This groundbreaking approach aims to accelerate drug development and facilitate safer clinical trials. Traditionally, the drug development process has been plagued by complexities, high costs, and uncertainties surrounding a drug’s potential for success. Particularly in nervous […]
6 Innovations for more stable perovskite solar cells
Perovskite solar cells have grabbed significant attention due to their remarkable potential to achieve power conversion efficiencies exceeding 25%, outperforming conventional silicon and gallium arsenide solar cells. Despite their advantages, such as easy fabrication processes and low manufacturing costs, their widespread commercialization faces obstacles due to stability concerns. Not just stability, the solar industry is […]
Decoding FMCG Product Strategy: A Framework For Competitive Analysis
The success of any company in selecting the right products for a particular market is deeply connected to their grasp of customer needs, desires, and expectations. It is essential to continuously refine product strategies, which include determining the product offerings, managing product life cycles, and launching new products. These strategies form an integral part of […]
Amazon Business Strategy to Overthrow Walmart from Fortune 500 Throne
The study was first published on February 24, 2018, and then updated on February 13, 2020, February 4, 2021, February 18, 2022, February 15, 2023, and recently on April 2024. In 1994, Jeff Bezos was stunned after discovering the 2300% growth rate of the Internet, which eventually led him to think about starting an online […]
Exploring the Emerging Application Areas for Milk-derived Exosomes
In recent years, the dairy industry has witnessed a surging demand for innovative, value-added products that cater to the evolving needs of health-conscious consumers. Among these innovations, milk-derived exosomes stand out for their exceptional stability in the gastrointestinal environment. Naturally present in milk, these nano-sized vesicles are emerging as a promising new platform for therapeutics, […]
Non-wood Paper: Industry Challenges and Solutions
While wood paper offers convenient and familiar protection for packaging, its environmental impact casts a long shadow. Wood-based paper is problematic for two main reasons: deforestation and sustainability. While it doesn’t inherently seem problematic, how it’s sourced and produced can raise concerns. These are increasingly important concerns on a global scale, prompting several recent laws […]
Producing tagatose from plant-based sources – Insights from Ed Rogers, CEO of Bonumose
Sugar reduction has remained a continuous trend in the F&B industry due to the increasing awareness of health risks associated with excessive consumption. Linked to various health issues, including obesity, type 2 diabetes, heart disease, and tooth decay, there’s a growing demand for healthier alternatives. Bonumose, a US-based company, has emerged as a leader in […]
Turning banana waste into eco-friendly textiles – Insights from Mehul Shroff, Director of Shroff Industries
The alarming reality of 92 million tons of clothing ending up in landfills annually has fueled the textile industry’s strategic shift toward biodegradable clothes. Many companies and startups are researching to bring an eco-friendly alternative into the picture. Shroff Industries, an Indian company, is leading this movement by converting tons of banana fiber waste into […]
The Ofev Patent Thicket: Patents expiring in 2026
With an average life expectancy of 3-5 years after diagnosis, Pulmonary fibrosis highlights an urgent need for innovative therapeutic interventions. That’s where medications like Ofev have emerged as a transformative solution. Ofev is the trade name for Nintedanib by Boehringer Ingelheim. It is a Tyrosine Kinase Inhibitor (TKI) or anti-fibrotic agent used to treat non-small […]
5 Insect-Based Protein Startups leading the industry in 2024
As the demand for cleaner and eco-friendly food increases, the food industry faces a significant challenge in meeting the growing global demand for protein. Traditional protein sources, such as meat and dairy, are resource-intensive, requiring large amounts of water, land, and feed to produce. Additionally, these traditional protein sources contribute significantly to greenhouse gas emissions. […]
