Recently FabSpace 2.0 Darmstadt successfully organized a reduced 120 minutes’ program of its previous weekly Startech program at Technical University of Darmstadt. “The idea was to explain the Business Model Canvas (BMC) in a nutshell within 2 hours”, explains Sascha Heising from cesah GmbH. “Therefore we planed the session as a kind of annex for the Radar and Remote Sensing course hold by Dr. Damian Bargiel”, mentions FabSpace Manager Bayzidul Islam.
After attending the theory and technical session of Radar Remote Sensing crash course, all the students were forced to a short brainstorming to think about business ideas based on their learnings on satellite technology. Several potential cases were identified and the group agreed on working on a landslide prediction solution. Next step was to “fill” the canvas starting with problem solution fit and customer acquisition section. Mr. Heising explained that a first canvas can only exist upon first assumptions, which could not be validated in this short time. So the task for the students was to create these assumptions and how they would validate them, for each section of the BMC.
All the students became aware of the fact, that it is very important to be close to the customers and ask a lot of questions to get aware of his/her real needs. Also the course revealed some basic concepts of business creation and potential revenue models, like the preferred fermium model and so on. At the end of the intense 120 minutes a volunteer student summarized the basic business model in a short pitch which was kind of role-play between the new “company” and a potential customer.
FabSpace 2.0 Darmstadt concludes that it was a successful event and it is absolutely possible to introduce a non-business driven audience to the BMC as an interactive workshop within 120 minutes. In addition to that student’s feedbacks were great, most of them told that they really enjoyed the experience on how to think a technical solution using EO technology in a business perspective. The concept might be repeated in the near future as an entrepreneurial education for regular students.
FabSpace 2.0 Greece team of the Institute of Communication and Computer Systems (ICCS) of the School of Electrical and Computer Engineering (ECE) of the National Technical University of Athens (NTUA) has recently joint forces with the MaGOS team, 1st and 3rd place Award winner of the Local and International legs of ActInSpace® 2016 and the 2nd place Award winner of the COSMOTE Hackathon 2018, to integrate the MaGOS input device with Virtual Reality (VR) 3D Geographic Information Systems, a case that will open up the horizon for immersive geo-informatics and earth observation solutions.
The MaGOS team which comprised of of Mr. George Profitiliotis (an alumnus of the NTUA), Mr. Gregory Agriopoulos, Mr. Konstantinos Anastasakis, Mr. Vasilapostolos Ouranis and Ms. Elena Veli proposed during the COSMOTE Hackathon 2018 challenge a novel VR input device in the form of gloves, based on state-of-the-art wearable electromagnetic sensors, that will allow 3D designers to sculpt and model their digital creations in a VR environment in a more user-friendly and efficient manner.
The MaGOS Team members who won the 2nd place award winner for COSMOTE Hackaton 2018 in Athens, Greece
The proposed product could also target multiple side market verticals. One such side-market case that is currently being explored jointly with the FabSpace 2.0 Greece team that comprised of Dr. Iosif Paraskevas and Mr. Haris Marantos (under the supervision of Prof. Dimitrios Soudris). Dr. Iosif Paraskevas from the ICCS, the FabSpace 2.0 Greece Manager said: “We have learnt about the initial idea of MaGOS and we discussed with them on how this glove could give an added value to the use of EO data. Indeed, the brainstorming was spontaneous, and we agreed to work together on this. We, as part of FabSpace 2.0, are very happy to provide MaGOS with technical know-how, not only about EO data, but also regarding embedded technologies (for which ICCS is well-known). Additionally, and through FabSpace 2.0 network, it is easier for MaGOS to contact EO related companies in order to understand their needs. We hope this teaming with MaGOS to create an even more fantastic product, and we also hope to find more start-ups which currently do not use of EO data, but with huge potential if they take into account that they can use EO data in order to enhance the quality and functionality of their products; to this end this is one of the main goals of FabSpace 2.0 project”.
The prototype of MaGOS product, a novel VR input device in the form of gloves, based on state-of-the art wearable electromagnetic sensors
Mr. George Profitiliotis, PhD candidate at the National Technical University of Athens and Innovation Officer of the MaGOS team stated the following: “The MaGOS product has been constantly evolving since its initial conception two years ago, during the ActInSpace® 2016 competition. Throughout its development, our team has been actively researching and exploring promising target markets to construct use cases where our product would make a substantial difference. The application of the MaGOS interface to VR 3D Geographic Information Systems for the enhancement of EO data visualization and for the ease of its manipulation is such a case. By collaborating with FabSpace 2.0, we believe that our product will soon offer a game-changing solution to the EO community”.
Together with the 2nd Place Award, the team was awarded a cash prize of €5.000 and incubation services by the Athens Centre for Enterpreneurship and Innovation, which will be utilised for the advancement of their product's prototype. To know more about MaGOS product, please see here: http://www.qnq.gr/history.html
FabSpace 2.0 is proud to join forces with MaGOS team to enhance their product innovation. With its growing networks, FabSpace 2.0 will continuously support similar start-ups and business ideas to stimulate open innovation in Earth Observation to make our planet a better place to live in, which is the main project purpose.
The Vindo Team from the Netherlands is announced as the winner of the FabSpace 2.0 Prize in the third edition of ActInSpace® 2018 which was held on the 25th- 26thof May 2018 all over the world, knocking out other 54 applications. The announcement took place during the finals of ActInSpace® 2018 on the 27thof June 2018 in Toulouse, France. This year, FabSpace 2.0 is being one of the official partners of ActInSpace 2018.
ActInSpace® is an international innovation contest inspiring young women and men worldwide to meet challenges based on space technologies, data, patents and infrastructures to launch start-ups into all areas of our daily lives. Designed for students but open to everyone, the objective of the contest is to foster entrepreneurship, encourage start-up creation and promote the use of space technologies and space acquired data to change citizen’s lives, to boost employment and to protect our planet.
This year the contest was fulfilling an international ambition which are transforming an essentially European edition into an international edition; bringing together 53 cities from 32 countries in all continents; attracting 3400+ participants with 510 teams working on 60+ different challenges; and creating between 20 and 30 new start-ups.
As partner, FabSpace 2.0 provided three challenges based on Earth Observation Data (links:http://bit.ly/FS-AIS2018) and dedicated prizes which are a free trip to Toulouse to attend the ActInSpace® 2018 international final; receive a mentoring program by experts in selected area; and a meeting with Airbus representative in Toulouse. There were 11 FabSpaces who are involved as organiser of ActInSpace®2018 including FabSpaces France: Toulouse, Bordeaux, Nice, Brest; FabSpace Poland: Warsaw; FabSpace Germany: Darmstadt; FabSpace Greece: Athens; FabSpace Cameroon: Yaundé; FabSpace Cyprus: Limassu; FabSpace Czech Republic: Prague; and FabSpace Netherlands: Noordwijk. The FabSpace 2.0´s challenges attracted many teams from various locations worldwide such as Brazil, New Zealand, Tunisia, Nigeria, Gabon, Latvia, Azerbaijan, France, Portugal, Greece, and the United Sates.
Josiane Mothe from University Toulouse III – Paul Sabatier (UPS), the Coordinator of FabSpace 2.0 project said:“With more than 50 teams participating on the challenges provided by FabSpace 2.0 at ActInSpace® 2018; it has been a real success. Moreover, Vindo’s application idea is completely in line with the overall objective of FabSpace 2.0: to stimulate open innovation in Earth Observation to make our planet a better place to live in. We hope that many new innovative start-ups like Vindo can be created and developed in the near future.”
Vindo, the winning team of FabSpace 2.0 Prize was competing in the COPERNICUS APP LAB challenge located in the Netherlands, one of the FabSpace 2.0 organiser in collaboration with the local ESA BIC. Vindo App successfully won the competition by providing an innovative idea with the concept of letting people find the ideal city within the App and urges cities to be shaped after their needs. The App is using Copernicus data.
"Winning the FabSpace 2.0 Earth Observation Prize at the ActInSpace® 2018 is a great honour for us. The support of Fabspace 2.0 encourages us to develop our application further and shows that we can have a positive impact on society. We want to thank FabSpace 2.0 and the ActInSpace®Team for the opportunity to come to Toulouse to meet other teams from all over the world and exchange ideas.” said Tristan Faschinger, an Aerospace Engineering student at TU Delft, one of Vindo team member. To find out more about the Vindo App, simply watch their video (including a demo) on: https://www.youtube.com/watch?v=bZ5TzjYZg_E.
FabSpace 2.0 is proud to be partner of ActInSpace® 2018 and hopes that this event will stimulate the uptake and reuse of space technology and data and identify future applicants for ESA BICs and partner incubators. A full list of the challenges winners can be found at: https://actinspace.org/