2. What led you to joining the team to lead the inaugural IIoT cohort of mHUB’s Accelerator Program?
3. What excites you about joining the community?
4. Why do you think the Midwest is best-suited to be a leading region for Industry 4.0?
5. What are the key industry verticals primed for innovation in IIoT and what do you look for when sourcing a hardtech startup?
Opportunities in the larger IIoT space are numerous: manufacturing, rich asset industrial, infrastructure, and utility to name a few. IIoT is making a difference in the areas of improving operational efficiencies, optimizing assets, strengthening inventories and supply chains, and augmenting field technician force. Many industrial corporations haven’t, or have barely, scratched the surface on IIoT pilot projects and only few are scaling implementations. So, there is a lot of opportunity.
I am a big fan of Jim Collins’ ‘first who, then what’. It is important to have the right people on the bus and in the right seats before you can figure out where to drive. It’s critical to have a founder who understands what problem they are trying to solve; I have seen too many examples of startups building products that nobody wants. Equally important is the founding team's willingness to listen to advice. And finally, I look at the size of the market opportunity; we are looking for startups that address a large and high growth market. If we have all of that – a great team, a problem space, and a large market - then we have the right ingredients for success.