New Year, New Possibilities
As the most challenging year in collective memory winds down, opportunity draws near. We’re closing out 2020 with excitement and optimism — the deadline to apply for cohort 4 is quickly approaching!
Our team of judges is looking forward to reviewing applications from across the country and around the globe. With applicants from Ireland to Israel, the U.K. to Ukraine, South Africa to Spain, and others in between, there’s interest from almost every continent so far. (We have yet to meet a startup from Antarctica, but all are welcome.)
From Our Advisory Board
Members of Luminate’s esteemed Advisory Board weigh in on the year behind us, and what they expect is ahead for businesses in 2021.
Jay Kumler, President, Jenoptik Optical Systems
The third quarter of 2020 had the most new business applications the U.S. Census has recorded since they started tracking the data. The disruption and volatility of an economic crisis is painful, but it creates opportunities for new startups. In 2021, this creative destruction will probably accelerate. Some traditional businesses will disappear, but new businesses will emerge.
Michael Jackman, Chief Operating Officer, Leidos Health Group
2020 was indeed a challenging year. However, innovation is at work and collaboration between governments and private enterprises are proving to be a very effective way to move faster than ever. Expect PPP (public and private partnerships) to grow. This will find innovation and startups such as Moderna and BioNtech speeding up discovery to unprecedented time to market.
Regardless of the stock market, the economic recovery will be different in each industry and segment. Transportation, hospitality, and restaurants will take some time. Others will need to reinvent themselves. Startups in areas that transform processes and lower costs with clear ROI and value propositions will likely have the most success.
SNAPSHOT: PORTFOLIO MILESTONES
Celebrating Luminate companies’ success
- Opalux for recent coverage in Electronic Products & Technology (EP&T) on the development of Chameleonix, bringing color-changing technology to the consumer goods market.
- Organic Robotics Corporation for earning a feature in engineering.com on the evolution of their stretchable sensor technology.
- Think Biosolution for many achievements: Their COVID-19 platform received a €150,000 grant from the EU through the DIGI-B-CUBE program, and QuasaR received a €15,000 grant from C-Voucher (EU H2020 programme) to make the design more sustainable. Think Bio is setting up a living lab with the HSE (Health Ministry of Ireland) and the National University of Ireland, Galway in 2021. Finally, Think Bio won the Silver Medal in the MedTech Category of Ireland’s National Startup Awards 2020.
We are thrilled to win a Silver Medal at the MedTech Category of the National Startup Awards (@StartupsIreland). 2020 has been a good year for us!
— Think Biosolution (@thinkbio) December 10, 2020
PODCASTS & MORE
Spotlight on Haqean
NextCorps Marketing Director, Holly Barrett, caught up with cohort 3 startup, Haqean, on their quantum security solution for combating counterfeiting. Watch the video interview for a look at how splitting lasers can lead to saving billions of dollars and millions of jobs.
Advances in Breast Cancer Imaging: Three Things Entrepreneurs Should Know
Luminate’s Technology Program Manager, Dr. Damon Diehl, shares takeaways from a conversation with Dr. Zhimin Huo on the role optics has played in breast cancer recovery rate improvements. Read the blog post.
Lessons Learned During a Career in Photonics
[WEBINAR] Going Digital with the Microscope
Cohort 2 company, Augmentiqs, is hosting a webinar on Tuesday, December 22 at 11:00 AM EST. Register for the webinar to hear from pathologists using Augmentiqs’ technology to streamline their workflows.