Today we send our warm thoughts to Ingvar Kamprad’s family and colleagues at Ikea. Did you know that this legendary entrepreneur was a key person in the creation of Ideon? Their investment and ownership of the real estate company of Ideon was the reason the buildings Alfa and Gamma could be built.
“The building Kuvösen was my requirement if we were going to build Ideon. I think we really need to help young entrepreneurs with low rent and cheap assistance with law, bookkeeping and telephone services, Ingvar Kamprad said in an interview with Sydsvenskan in 2008, about what is now called the incubator Ideon Innovation.
Ingvar considered it important that university research should be linked to business, and a science park should be able to help with this. This ambition is just as true today and we include Ingvar Kamprad’s curious and entrepreneurial spirit in our work for the future.
STARTUP NEWS We continue our series of startup companies who are working at Ideon Innovation. The purpose of this series is to introduce the startups to the other companies at Ideon to see if there is a possibility of working together and doing business with each other. Kind of an electronic networking.
Company name: Accumbo
Hello Samuel Börjesson, can you tell me more about who are you and what inspired your team to create Accumbo?
The company was founded by a doctor in Kalmar and he had this idea that you can transform the way traditional healthcare works. Especially when it comes to chronic diseases that are really common nowadays, there is a lot that can be done to treat these patients more efficiently. So, we formed our team last summer and we are now developing our product. Our team is divided into two groups where the medical team is situated in Kalmar and I, together with the development team, are situated in Lund. I work as a product owner/marketing person and I try to make sure we develop a product that fits the customer’s needs. In Kalmar we also have a person focusing on the whole health perspective of our product. She is dealing with how our product can help and inspire our users to live a healthier life.
Can you tell us a bit more about your product? What was the inspiration behind creating it?
Our product consists of connected medical devices that will synchronize data with our app, which we of course are trying to make as user friendly as possible. Our founder wanted to have an easier and better solution for people living with chronic diseases. He was looking at it from a broader perspective and saw that a lot of patients do not get the best possible treatment and that this can be done much more efficiently. By letting patients do their own measurements at home with continuous feedback from the doctor, instead of the traditional way which meant that they will go to their doctor once a year for a checkup, the patients will get a better and more precise treatment. He saw a big potential as the healthcare for these patients were not working in the best way possible, and that there were a lot of benefits from digitizing this process. We are focusing on the patients experience and ability to follow up their condition.
What benefits can I, as a user, get from using your product?
We are helping to empower the people with chronic diseases. We are providing them with the right tools to treat their conditions and to be able to follow it up more efficiently. And with the help of our product, users will have a closer connection to their doctor and will be able to get feedback much faster. Instead of going to the hospital or your caretaker once a year you can do it at home and reach your doctor whenever you want to. One of the biggest benefits with this is the ability for both doctor and patient to look at the development of the disease rather than single measurement values.
In this way our users will save time, have higher convenience as well as getting a better treatment. Moreover, we are not only giving the patients the tools, but also the knowledge to better understand their disease and how they can control it.
What kind of help might you need from other Ideon companies or possible collaborations?
Well right now we are hiring and we are looking for Android, iOS and backend developers that will help us with our app and want to be a part of this journey. We have global ambitions and we want to be a part of transforming the healthcare industry. The whole transformation is happening now and it’s not just a trend in Sweden, but it is a global phenomenon. The European Union has stated that all member states need to focus on the digitization of healthcare as the costs are increasing, the population is getting older and the percentage of chronic diseases is increasing.
We are also interested in collaborations in regards to working with connected devices as this is one of the major aspects in our product.
What can you provide to the Ideon companies?
In the long term, I think that there are a lot on interesting companies at Ideon that are working within healthcare, so I can see a lot of potential collaborations that can emerge from that in making the whole healthcare more digital. Before this stage though we still need to develop and grow more.
Next week, Ideon Open and WINwill be taking over our Instagram account. So we took the opportunity to talk to Matilda Larnert-Gauger from Ideon Open and Alice Hedin from WIN.
Hello, Matilda and Alice, can you tell me about the teams working at WIN and Ideon Open?
“People at Ideon Open call themselves open innovation navigators. They all have in common a way of entrepreneurial thinking and a passion for innovation. They use their substantial experience in initiating and leading open innovation projects as well as their skills as entrepreneurs and business developers. They are working with the goal to add growth to existing businesses with lean start-up thinking and open innovation in large enterprises”, says Matilda.
“In the WIN team there are people with various backgrounds and competences, providing different input and solutions. For example they are engineers, experts within financing, marketing and communication, and business development, as well as researchers and experts within WIN’s focus areas”, Alice explains.
“The management team of Ideon Open, including WIN, consists of some true Ideon profiles. For instance, Mats Dunmar, Patrik Söderlund and Maria Sätherström Lantz have had important roles in shaping Ideon Science Park, Ideon Innovation and JOIN Business & Technology AB“, Matilda adds.
Can you tell me more about your companies and what you do?
“Ideon Open was started about five years ago and can be described as an open innovation agency. There are three parts of the organization: Ideon Open Assignments, WIN and Beyond. Ideon Open Assignments works mainly with large companies and organizations in the public sector. They assist companies in creating a team with internal developers and outside experts from around the world. This team collaborates to find optimized solutions for specific innovation challenges. This way they can reach beyond what they would achieve internally on their own”, Matilda explains.
“Beyond is an accelerator environment where multinational companies can run external innovation projects that are outside of their core business. They bring together a team with internal resources, consultants and other individuals selected for their specific project. This qualified mix of people work together in the Beyond environment, guided by the Ideon Open team. In team sessions they can also practice pitching their project to the decision makers in their companies. After three months the company can decide to either continue working with the project, or move on to a new project”, Matilda adds.
“The third part of Ideon Open is WIN, which started six years ago as “Water Innovation Accelerator” (WIN), now known as WIN Water. WIN Water is an open innovation marketplace and business network within the water sector. WIN Water helps new innovations get faster access to the water market. The network has now grown to more than 70 members, including small innovative companies as well as large corporations, universities, water utilities and more – including the whole chain of water-related industry” Alice says.
“The partners are represented by the private sector with companies and large corporations, the public sector with municipalities and public utilities and the academy with universities and research institutes. They all represent the market need for new solutions and innovations. The partners get a good view of trends and business intelligence; WIN can be an eye opener for what is possible and which technologies could replace the outdated ones. Partners contribute to WIN by providing support to innovation companies, facilitating market access and providing test beds, in addition to personal and financial contributions as members” Alice explains.
“In October 2016 WIN had the opportunity to start a new innovation platform within the area of civil security together with the Swedish Civil Contingencies Agency (MSB) and this is called WIN Guard. Recently WIN started a collaboration with the Swedish Energy Agency to create a new network platform for innovation within the energy area. The three networks share several challenges and potentially also solutions” Alice concludes.
The goal of WIN is to increase the speed of change within all these areas.
What are you going to show us next week?
“Follow the Instagram feed next week to explore the environment at our office and a get glimpse of a regular week at Ideon Open – some days the office is crowded, some days it is very quiet. On Monday we will show Ideon Open Assignments, on Tuesday and Wednesday Beyond will be in focus, and on Thursday and Friday the turn comes to WIN. The WIN days will include a few snap shots from WIN partner meetings” Matilda finishes.
What is cryptocurrency? What does it really mean to send money via Blockchain? With this article we will try to explain and define what they are and how it works. Cryptocurrency (where Bitcoin is the best-known example) is considered the currency of the future, because it is decentralized which means that no single company or government has control over it, but society.
What is a cryptocurrency and blockchain?
Cryptocurrency is a medium of exchange, created and stored electronically in the blockchain using encrypted techniques to control the creation of monetary units and to verify the transfer of funds.
Then what does blockchain mean? It is a decentralized and shared/distributed ledger, which multiple parties collaborate on creating without having to trust or know each other.
How do they work?
The whole process of blockchain starts with person A wanting to make a transaction to person B. Person A should already have bought some form of cryptocurrency. In our explanation of the process we will be using Bitcoin as an example, as it is the cryptocurrency with the highest market cap.
In order for the system to verify who is making the transaction, they use a combination of a private and public key. When a user creates their virtual wallet, he or she gets two keys; a private one (that is unique and can be used as a way to sign transactions) and a public one (that can be used later on by the miners to check if it matches to the private one). In order to make sure that you do not use the same bitcoin to buy two different things, your wallet and the blockchain automatically look at your previous transactions to make sure you have enough bitcoins to send in the first place.
The transaction is transferred to a network of around 6 000 computers in the world. All of them start competing as they want to update the ledger with the block of new transactions.
In order to figure out which computer (or, as they are called, miner) should update the ledger they should solve a mathematical equation. The equation is very energy consuming and usually takes them around 10 minutes to solve. This mathematical problem usually consists of them receiving an output and then they need to figure out what the input is. For example the output that they received was =10, this means that they should figure out which sum of numbers got them the =10. Was it 1+2+3+4, 4+4+1+1 or any other combination?
After the fastest computer (miner) solves the equation, it says that it is going to add the new block of transactions to the blockchain, but before that happens all the other miners double check the results. Firstly, they check if the problem was solved correctly and secondly, they make sure that the new block includes all the transactions that were made within the last 10 minutes. Only if more than 50 % of them agree that both conditions are met, the new block can be added to the blockchain.
When the new block is added to the blockchain the miner that did that currently gets around 12.5 bitcoins for the work. In the beginning, the compensation was 50 bitcoins, then 25 and in a few years it will be 6. Eventually it is estimated that the last bitcoin would be mined in the year 2140. This is due to the fact that bitcoins are only mined (made) as a reward to miners for adding a new block of transactions to the blockchain.
After all of those complicated mathematic equations and addition of blocks the transaction of person A to person B is completed.
In the infographics below you can see more information about what is a cryptocurrency, what makes it different from other currencies and which are the best three known examples of it.
Space Runaway Ideon was a popular 1980s Japanese TV series. It consisted of 35 episodes and is considered one the best TV shows with mecha (a man operated robot). This very popular mecha was named Ideon. He was originally constructed by a now dead alien civilization that lived on the planet Solo. Ideon was later found by scientists in the Space Runaway Ideon show.
Ideon is considered the most powerful mecha ever made, and is comprised of three rather ordinary-looking trucks (Sol Amber, Sol Vainer and Sol Conver). When the three trucks are combined, he turns in a huge robot-like machine that can be operated by six different pilots (two in each component).
Ideon was very powerful and different civilizations wanted to use his powers and that is the main plot of the TV show: two civilizations fighting in order to control him. He was considered as very powerful and he had three amazing attacks: Mini Black Hole cannon, Ideon swords (two rays of energy that emit from the Ideon’s wrists and are powerful enough to chop a planet in two), Ideon Gun, also known as the Wave Leader Cannon, which emits waves of energy that can wipe out planets, fleets, whatever with no trouble at all.
Curious to see more? Watch the first episode: Space Runaway Ideon Episode 1 – Ideon Resurrected:
Next week, JOIN business and technology will be taking over our Instagram account. So we took the opportunity to talk to Pernilla Zetterlund Lind from JOIN. Did you know that JOIN was one of the first companies to move in to the park in 1984?
Hey, Pernilla can you tell us a bit more about JOIN and what you do?
– We are a company that helps other companies to make their product so that it can go for production and hence sale. So, it is mostly products that are strongly tech or medical related. People come here with an idea and ask us if the product they want to make is even possible. We try to make that product work by making a prototype of that. Hopefully if it works they can start manufacturing the product and sell it.
Do you help them just with the prototype or also with the steps after that (like finding an investor)?
– We can help them a bit, we mostly focus on helping them design and make their product. Of course we have already formed different business relationships, so we can help them to get in contact with different people that can further help them. If we do not have the exact contacts we can at least tell them where they should go and who would be able to help them out the most.
Who are the people that work here?
– Most of us are different types of engineers. Technical, mechanical, electronics, we have also a lot of computer engineers. Our whole idea is that we have people for everything for designing the product, creating the program for it, and then we have 3D printers that can create the prototype. We have people in order to do the whole process of getting your product from an idea stage to a working product (production) stage.
What are you going to show us next week on Instagram?
– On Thursday, we host a breakfast meeting with companies from Ideon Science Park in order to make new connections and form new business relationships. We also want to use this as a chance to show who we are and what we can offer. We will finish the week by sharing our experience from the meeting. What happened, how was it, what did we learn.