I had the opportunity to join north Texas in celebrating the World’s Best Technology Innovation Marketplace Conference this spring. Hosted by the Center for Innovation at Arlington, TX, the conference brings together industry, government, technology transfer agents, businesses and investors to move innovation to market.
For the past nine years, this conference has selected companies and technologies from across the country and the world to present their hot, emerging, and disruptive technologies.
Interesting fact: Conference leaders told me that one in three, a full third, of WBT presenters go on to license, secure venture funding or sell their IP outright. That’s a powerful conference.
In addition to the technology presentations, the conference also holds a series “what’s next” sessions. One called “Hot Investment Markets and Sizzling Sectors” provided this interesting list of technology hot spots:
1. In the health care/medical device market, disruptive technologies that respond to the downward pressure on health care costs will win. Devices that perform existing functions at less cost, e.g. mobile phone applications that allow doctors to perform sonograms by plugging a device into their phone, will be well positioned to take the market.
2. Gallium nitride (LED) lighting will replace existing lighting as a cheaper, cleaner (less mercury), and longer lasting lighting solution. Today only 1 percent of illumination is LED based. In addition to the strong potential for gains in market share, more than 5,000 traditional lighting manufacturing will need to know more about semiconductor-based lighting manufacturing in the near future.
3. Web 2.0 social media and mobile applications will continue to dominate the information technology space.
Emerging Technologies and Key Market Needs
- The aging population and health care cost curve is creating massive dislocation in the health care market. Reducing the cost of care and making health care more accessible, especially to the elderly, will be a necessity.
- Energy storage at the grid scale is needed.
- Reducing the size and weight of power storage for consumer electronics continues to be important.
- Improvement of the human/machine interface in robotics is needed.
- Microbial fuel cell development for long interplanetary fights will occur.
- Hybrid power for airplanes will reduce expense.
- Cloud computing will grow providing the ability to purchase hardware, platform and software as a service.
- Behavioral analytics will consume big data.
- Speech recognition will replace the need to use keystrokes for texting on mobile phones.
That makes for a lot of opportunities. Are you ready? As America’s largest resource network for entrepreneurs, how can we help people get there?