The advancement of technology in recent years has shown that companies that do not embrace the newly available technology in the industry will be excluded from the game.
Your company will survive in the future business only when they are advanced and makes big difference.
Do you know what Elon musk always says: Sales increases of trusted brands unless and until they make big differences in the market.
With an increasing number of young tech startups gaining traction and attracting funding for their innovative business models, many new markets are opening up for them despite the Covid-19 onslaught.
Let’s jump right into a comprehensive list of exciting tech startup ideas that affected 2020 and will have enormous potential in 2021.
2021 Tech Trends that every startup should look into for future business plans:
- Biotech Startups
- Robotic Delivery
- Edtech startup
- Artificial intelligence
- 3D printing
1) Biotech start-up
Despite the effects of the COVID-19 pandemic on global supply chain and operations management and other commercially vital processes, the year 2020 saw significant technological breakthroughs and thousands of startups.
To recognize the industry’s best entrepreneurs, we looked at 3.060 Bio-Tech startups created in the last 5 years. you’ll learn about five new Bio-Tech companies that were created in 2020.
Every year, as science advances, a slew of biotech startups appear. Since biotechs are critical to enhancing human life efficiency.
Such most successful tech startups attract attention and funding from angel investors, venture capitalists and governments.
Many of these businesses recruit founders, leaders, and investors because breakthroughs will result in big profits.
The challenges, on the other hand, are not straightforward.
As a tech startup, you will have a huge chance to please investors and earn multimillion-dollar funding, as well as attract the media and achieve some fame, if you continue with diligence and creative thoughts.
Here is a list of 5 biotech companies:
Let’s see startup tech companies in Biotech
1)BIOMILQ – Cultured Milk: One of the most pressing issues that Bio-Tech addressing is the wasteful and immoral scale of commercial animal-based food production.
Startups are developing a variety of alternatives, which are mostly divided into two categories: plant-based and cultured alternatives.
BIOMILQ is a pharmaceutical startup based in the United States that focuses on cultured milk.
Mammary cells from expectant mothers are used in the startup’s patent-pending process.
BIOMILQ produces nutritionally comparable breastmilk by culturing them in a laboratory.
2)Kumuda – Small Molecule Drugs: Artificial intelligence (AI) advancements are hastening the exploration of small molecule drugs.
For data-driven goal exploration, AI allows startups to make use of a vast volume of omics and chemical data.
It enables researchers to effectively scan the chemical space for lead molecules with desired properties.
Small molecule drugs are being researched by pharma and pharmaceutical startups for a variety of diseases, including unmet health needs.
Kumuda is a startup based in the United States that aims to speed up the development of small molecule drugs in the early stages.
Using its platform, the startup discovered a promising COVID-19 inhibitor drug candidate.
3)Auxilius – Clinical Trial Financial Management: To put a new medicine to market, startups depend on clinical research organizations (CROs).
Many CROs, on the other hand, lack systematic methods for assessing budget risk.
As a result, a substantial number of vaccine trials are unable to proceed due to a shortage of funds.
It results in sunk costs of millions of dollars, as well as the lack of new medications.
Clinical trial financial reporting systems are being developed by biotech startups to fill this void.
Auxilius is a data-driven clinical trial financial reporting tech venture headquartered in the United States.
The network assists biotech firms in ensuring that outsourced partners adhere to contract terms, schedules, and deadlines.
4)Adnexi – Disease Intelligence: Startups may use epidemic intelligence to keep track of infectious disease threats and efforts to combat them.
Disease intelligence is constantly being used by biotech startups to detect prospects.
Adnexa is a biopharma tech venture based in the United States that provides a disease information website.
Patient advocacy groups (PAGs) and primary opinion figures are discovered using the forum (KOLs).
The portal links these players to the drug discovery process through strategic intelligence.
The website keeps track of a disease’s care environment, which includes all groups working on therapies.
5)Curative – COVID-19 Testing: Many diagnostic startups and organizations created COVID-19 research solutions quickly after the coronavirus outbreak.
These tools assisted in identifying and isolating sick people, stopping the disease from spreading.
To diagnose the virus in a few hours or days, the various experiments use quantitative PCR or antibody-testing.
Curative, a startup headquartered in the United States, has developed a COVID-19 research approach.
It was created to improve sepsis tests, the company soon shifted its focus to the coronavirus pandemic.
The FDA-approved swab test developed by the startup is painless and self-administered. The test only takes 20 seconds, and the findings are sent via text and email within two days.
Biotech startups are distinguished from traditional tech startups in that they are high-risk projects.
While a traditional tech startup can launch a product in a matter of months, a pharmaceutical firm can take years of testing and cash burn before releasing its first product.
Running a biotech business requires a lot of money, which can make it difficult to get started. However, launching a pharmaceutical business on a shoestring budget ($0-$200k starting costs) is conceivable today.
This is how many famous biotech firms got their start.
Biotechnology companies make products or solve challenges using the mechanisms of living organisms.
The discovery and sourcing of DNA have aided the industry in making significant advancements.
Pest-resistant seeds, biofuels like ethanol, and gene cloning have all been produced by companies in this field.
investors for tech startups would like to have a team with pharmaceutical expertise if you have a concept for a potential clinical company—biotech that manufactures drugs—because manufacturing a drug is expensive.
converting an invention into a successful drug candidate usually costs $10-100 million.
Top 5 countries in world for biotech jobs.
- United States of America (USA)
Before starting a biotech company you should to work with like minded people to gain some experiences in the field.
A wide variety of businesses, from garage entrepreneurs to supermarket majors, are tackling robotic food distribution (or, gradually, the delivery of something that goes into a robot).
Many people use six-wheeled robots that propel themselves around office parks and college campuses’ sidewalks and pathways.
Amazon is working on a way to distribute merchandise using robotics, as you would expect from the shopping behemoth.
It’s already spent years figuring out how to make drone delivery, and now the Scout vehicle is hitting the streets and sidewalks.
The Scout was unveiled in January 2019 and was planned and produced entirely in-house.
The Scout is an electric six-wheeled robot that operates similarly to those created by Starship Technologies, rolling down the sidewalk until opening up as it approaches your front door.
In early 2019, a fleet of six Scout robots started shipping packages to Amazon Prime customers in Snohomish County, Washington, which is similar to Amazon HQ.
Customers put their orders as normal, but based on availability, a Scout is assigned instead of a delivery driver.
The cars are followed by an Amazon employee during training to keep an eye on them.
According to Amazon, the robots managed to work through the coronavirus pandemic, shipping products in a secure way.
Amazon began offering Scout trials in Atlanta, Georgia, and Franklin, Tennessee in late July.
According to Amazon, “We’ll start with a limited number of Amazon Scout devices in each region, distributing during daylight hours Monday through Friday.
Customers in both areas will place their orders as usual, and Amazon deliveries will be shipped by one of our trusted courier partners or Amazon Scout.”
Surprisingly, none of the 4mph robots have had their shopping or takeaway meals stolen or robbed.
This is mostly due to the fact that when someone who is not authorised attempts to pick up the robots, they “screech.” Starship spokesperson Henry Harris-Burland said, “We’ve had accidents.”
How delivery bots works?
After you put your order, a local delivery robot travels to the vendor to pick it up. The robot then makes its way to your front entrance.
The delivery robots are adorable and do the job, but after a free month of service, Starship’s terms of partnership will take up to a 20% cut per delivery.
There is also one another company called Postmates. I would like to give you some tech startup ideas for business.
Postmates, which was recently acquired by Uber, has a robotic distribution division called Serve.
The Serve is a four-wheeled electric delivery vehicle constructed for use on sidewalks that is designed to look like a sleek shopping cart (complete with circular LED lights for eyes).
The Serve robot navigates around pedestrians and regular sidewalk hazards including fire hydrants by using a top-mounted Lidar sensor to monitor its surroundings.
The Serve has a 50-pound carrying capacity and uses an integrated touch screen monitor to connect with clients.
EdTech (a mixture of “education” and “technology”) refers to hardware and software intended to increase student learning outcomes by enhancing teacher-led learning in classrooms.
EdTech is still in its infancy, but it has the potential to tailor a programme to a student’s skill level by integrating and reinforcing new material at a rate that the student can accommodate.
- Education technology, or EdTech, refers to modern technical implementations in the classroom.
- EdTech includes in-class laptops, digital display screens and whiteboards, web content distribution, and MOOCs.
- EdTech aims to increase learning outcomes, improve individualised instruction, and relieve teachers of their teaching responsibilities.
Although many people applaud the use of technology in the classroom, others are concerned that it is impersonal and can lead to data collection and monitoring of both students and teachers.
EdTech may be a divisive topic. Since a vast part of the school sector is unionised, there are fears that EdTech is an effort to reduce costs by phasing out some in-class duties.
EdTech proponents stress the software’s and technology’s ability to improve learning, allowing teachers to take on more of a facilitator position.
With little time, it’s impossible for an instructor to follow the schedule, catch up with lower-level students, and keep the rest of the class involved in their work.
EdTech will eventually lead to positive results for individual students and the class as a whole by automating the appraisal of skill and adjustment of difficulty.
Massive Open Online Courses (MOOCs) are a form of online course that uses technology to access a large number of students all over the world.
Although these courses have their own set of problems, such as poor graduation rates, they are an attempt to deliver instruction in a manner that is convenient for the student.
Concerns over EdTech
Many of the concerns around EdTech are based around the possibility of algorithms managing whole courses in the future.
The present state of the profession employs analytics to assess a student’s competency in certain aspects of the programme, allowing the student to progress more rapidly in certain fields while spending more time reinforcing vulnerable areas.
With insights offered by EdTech tools on a student’s strengths and shortcomings, the instructor serves as a facilitator and troubleshooter as each student works through a personalized program.
EdTech, on the other hand, faces additional socioeconomic challenges. Students, and particularly parents, look to an instructor to build a social atmosphere that allows for community learning and other complexities not currently covered by EdTech.
While the future classroom will rely heavily on EdTech to do the heavy lifting of course planning, many parents and educators also prioritise the community atmosphere in addition to instructional objectives.
Proponents argue that, like many other educational technologies, EdTech aims to develop rather than replacing the current paradigm.
- Yuanfudao — Beijing, China
- BYJU’S — Bengaluru, India (world’s most valued edtech company)
- Zuoyebang — Beijing, China
- VIPKid — Beijing, China
- Udemy — San Francisco, California, U.S.A.
- Coursera — Mountain View, California, U.S.A.
- Duolingo — Pittsburgh, Pennsylvania, U.S.A.
- Unacademy — Bengaluru, India
- Zhangmen — Shanghai, China
- ApplyBoard — Ontario, Canada
These are the fastest growing tech startups all over the world.
How do you get funding for Edu Tech startups?
Types of Funding for edu tech startups.
- Angel investors.
- Venture capitalists.
- Institutional investors.
Is Starting an EdTech Business Profitable?
In 2017, global Edtech startup funding soared to $9.5 billion, supporting 813 EdTech firms. Many founders have been enticed to launch EdTech companies as a result of the industry’s rapid growth.
With $8.24 billion in spending in the first six months of 2018, EdTech broke previous milestones.
It receives funds to launch 437 new businesses in total.
Do you know that by 2022, the global EdTech and e-learning industry is expected to expand at a 5.08 percent compound annual growth rate (CAGR)?
If you don’t already remember, EdTech is predicted to generate a staggering 243 billion dollars in sales.
Why EdTech strat-up fail?
Frequently, a large number of users download and update a programme (a credit of which goes to the mobile app marketing strategies opted by the brand).
However, not all of them purchase the goods or service they are selling.
As a result, even with 10,000 or so customers on board, the fastest expanding Edtech startups struggle to generate adequate sales to remain viable in the industry for an extended period of time.
Teacher Collaboration and a Lack of Transparency
Lack of openness and cooperation with teachers is another explanation that many education-related startups do not last long in the market.
These businesses aim to absorb teachers and other aspects of the current school system. As a result, they don’t talk about their current project or solicit feedback from teachers or others.
As a result, educational institutions and teachers are unable to accept and use these smartphone applications (or software), which ultimately leads to failure.
Edtech startups raced to assist schools in making the switch from offline to online learning. According to KPMG, India now has more than 3,500 edtech startups.
4)Artificial Intelligence for Tech Startups business ideas:
What Is Artificial Intelligence (AI) and How Does It Work?
Artificial intelligence (AI) is the emulation of human intelligence of computers that have been designed to think and behave like humans.
The word may also refer to any computer that displays human-like characteristics like learning and problem-solving.
The potential of artificial intelligence to rationalise and take decisions that have the greatest chance of achieving a given target is its optimal feature.
Machine learning is a branch of artificial intelligence that refers to the idea that computer systems can learn from and respond to new data without the need for human intervention.
Deep learning techniques allow for this automated learning by absorbing large volumes of unstructured data including text, images, and video.
The emulation of human intelligence in computers is referred to as artificial intelligence.
- Artificial intelligence aims to improve comprehension, logic, and understanding.
- Artificial intelligence is being used in a variety of fields, including banking and healthcare.
- Weak AI is more basic and focused on a single mission, whereas strong AI is capable of more complicated and human-like tasks.
Artificial Intelligence Applications
Artificial intelligence has a variety of uses. The technology can be seen in a variety of businesses and sectors. In the healthcare sector, AI is being studied and used for dosing medications and various treatments in patients, as well as surgical operations in the operating room.
Computers that play chess and self-driving vehicles are two such examples of artificial intelligence machines.
Each of these devices must consider the implications of any action they take, since each action has an effect on the final outcome. In chess, the ultimate goal is to win the game.
The computer system in self-driving vehicles must account for all external data and compute it in order to operate in a manner that avoids a crash.
Artificial intelligence is often used in the financial industry to diagnose and flag suspicious activities in banking and finance, such as irregular debit card use and big account withdrawals, which assists a bank’s fraud department.
Artificial intelligence (AI) applications are now being used to further streamline and simplify trading. This is accomplished by making the supply, demand, and pricing of shares more predictable.
How many artificial intelligence types are there?
The most basic level of robot is reactive robots. They are only able to respond to current events and cannot build memories or use knowledge learned to affect future decisions.
This is demonstrated by IBM’s Deep Blue, a computer programmed to play chess against a human.
Deep Blue evaluates and responds to pieces on a chess board using pre-programmed chess strategies. It does not learn or develop as it plays, so it can only be defined as “reactive.”
2) Limited memory:
As the name implies, a restricted memory machine is capable of retaining any information gleaned from previous events or records.
It will use the memory in combination with pre-programmed data to create information.
Self-driving vehicles, for example, store pre-programmed data such as lane markers and maps, as well as tracking surrounding details such as the speed and location of nearby cars and pedestrian traffic.
These vehicles can assess their surroundings and change their driving accordingly.
Computer response times to make decisions have improved as technology advances, which is a critical advantage with a technology as inherently risky as self-driving vehicles.
Machine learning advancements also aid autonomous vehicles in continuing to learn how to drive in the same manner as people do – by training over time.
3)Theory of mind:
Humans have thoughts and emotions, memories, and other brain patterns that affect and motivate their behaviour.
Theory of mind theorists deal on this psychology in the hopes of developing machines that can mimic human behavioural models.
That is, robots capable of comprehending the fact that humans and animals have thoughts and emotions that can influence their own behaviour.
This theory of mind is what helps humans to communicate socially and construct cultures. Theory of mind computers would have to benefit from the knowledge gathered from humans, who would then inform how the computer interacts in or responds to new situations.
Sophia, the world-famous robot is a most successful tech startups which is created by Hanson Robotics, is a well-known but yet rudimentary example of this technology.
And she often goes on news tours as an ever-evolving example to the public of what robots are capable of.
Sophia doesn’t recognize or comprehend human emotion, but she can have a simple conversation and has image recognition.
Do you know? She has the ability to react to human interactions with the requisite facial expression, as well as an extremely human-like look.
However, researchers are yet to fully implement theory of mind technologies, with some criticising Sophia as merely “a chatbot with a face.”
Knowledge of one’s own self AI robots are the most advanced machines we’ll ever be able to imagine, and they’ve been dubbed the “true target” of AI by others.
There are robots with human-level consciousness and knowledge of their surroundings. They don’t simply ask for something; they recognize that they need it; “I want a glass of water” is not the same as “I know I need a glass of water.”
This computer, like a conscious being, would not only be aware of its own internal state, but also be able to anticipate the thoughts of those around it.
For example, when someone shouts at us, we think they are mad because that is how we feel when we scream. We wouldn’t be able to draw these inferences from other people if we didn’t have a philosophy of mind.
Self-aware robots are still a work of science fiction at the moment, not something that exists – and could never happen.
As it stands, we should probably concentrate our AI research efforts on machine learning.
The baseline of evolution of Artificial Intelligence is a computer with a brain, which can learn from experiences in its memory and then extend the experience to future decisions.
Developing this would lead to AI breakthrough that has the potential to transform civilization on its head, improve our daily lives exponentially, and even save lives.
5)HealthTech Startup- Another best tech startup idea for business.
Let’s think first about, What is a heath teach?
Within the healthcare industry, healthtech is the fastest developing vertical. But for hospital and practise management applications, it covers any technology-enabled healthcare device or service that can be distributed or consumed outside of a hospital or physician’s office.
Mobility and other information technology will be provided by healthtech providers to enhance healthcare quality while lowering costs.
Outcome Health is one such example. Oscar, an online insurance network that offers telemedicine consultations, is another choice.
Cloud networking, internet networks, and social connectivity are all used by healthtech firms to improve patient-centric healthcare.
What distinguishes healthtech from medtech?
The medical technology—medtech—vertical works on therapeutic technologies and medical devices to treat existing medical problems as well as diagnostic technologies that diagnose medical conditions.
While healthtech is focused on improving clinical and preventative treatment, the medical technology—medtech—vertical is focused on therapeutic technologies and medical devices that treat current medical issues and diagnostic technologies that identify medical conditions (i.e. in-hospital care)
The healthcare sector now has access to a variety of powerful technologies for improving patient safety thanks to technological advancements.
Virtual reality systems and smartphones can assist people in postoperative rehabilitation as well as relieve symptoms of stress and anxiety in elderly people and patients with mental disorders.
Here i have mentioned some of healthtech companies. Let’s see what are they and what they do?
1)Verge Genomics is trying to improve the medical trial process in order to save lives. Per year, billions of dollars are squandered on vaccine trials that prove to be ineffective.
These successful tech startups projected that 1.3 billion dollars will be spent on R&D and FDA clearance to get a drug to market.
Verge Genomics takes a novel approach to drug development, relying on artificial intelligence to decide which treatments have the best chance of efficacy.
The corporation hopes to use their novel strategy to assist big pharma in determining which products to pursue through the FDA approval process and which to leave due to a lack of success.
2)HealX is a company that produces novel medicines and therapies for rare diseases by examining the current universe of existing drugs and repurposing them to cure rare diseases.
HealX’s technology has also been promising as it was able to produce a treatment for Fragile-X in just 18 months, allowing it to enter clinical trials in record time.
HealX took 80 percent less time to get to clinical trials than the traditional drug maker in one case, making it one of today’s most creative healthcare startups.
HealNet, one of the world’s biggest and most complex databases for rare diseases, is owned by the organisation.
3)Embleema also announced the introduction of a HIPAA-compliant healthcare blockchain network that allows patients to view and exchange their medical history with researchers and doctors.
Furthermore, the latest solution enables patients to consolidate their data and benefit by exchanging it with various organisations such as medication researchers, marketing companies, and so on.
In return for exchanging their medical data with researchers, patients using the app will be compensated in cryptocurrencies.
Embleema’s groundbreaking platform has the potential to be a win for patients and researchers everywhere, while still shaking up the medical data industry.
How to Find investors for healthcare startups?
- Create an AngelList profile. If you don’t publicise the proposal publicly, no one can hear about it. .
- Make a list of potential investors with whom you will share your thoughts
- Improve your networking abilities.
- Have a classy beginning.
- Explain why they should invest in your business.
Read more:38 Best Healthcare Startups to Watch.
6) 3D printing technology- a best tech startup business idea in manufacturing.
What is 3D printing, and how does it work?
3D printing is a processing technique that creates structures based on a three-dimensional graphical model.
Complex structures can be manufactured quickly and cheaply, in small runs or as one-of-a-kind pieces, using a 3D printer and layering material such as plastics and metals.
The accelerated influence of digital manufacturing in the form of production applications, especially in the automobile, industrial, and medical sectors, is a pattern we’ll see.
As 3D printing progresses from prototyping to full manufacturing of finished parts and components, we’ve seen an increased emphasis on producing production-grade materials for auto applications.
HP Metal Jet is also intended to be used for applications such as the light weighting of completely safety-certified metal components as new platforms such as electric cars enter mass production.
In addition, industrial 3D printing allows the automobile industry to manufacture applications in previously unthinkable forms, as well as develop application-specific parts for particular devices or models.
3D printing allows for greater supply chain versatility, durability, and adaptability by enabling customers to dictate demand, lowering costs and waste.
Companies no longer have to gamble on how much of a commodity they can sell to anticipate market demand; 3D printing gives them unlimited versatility so they can print just what they need.
What are the advantages of 3D printing for the industrial industry?
3D printing totally transforms how products are conceived, planned, manufactured, and delivered, lowering construction and manufacturing costs, simplifying logistics, and reducing carbon footprint.
It has the ability to revolutionise supply chains, and we are seeing an uptick in the number of businesses who are turning to this form of production to remain competitive and produce goods faster.
3D printing will be the impetus for major changes in the global production industry, and leaders will be identified by their ability to fully exploit its transformative potential.
In a truly digital future, commodities will be produced closer to the market, democratising manufacturing on a global scale and enabling mass customization of products.
When the distinction between designs and physical realities blurs, manufacturers would be able to construct whole different types of goods using conventional methods.
Manufacturers can shorten supply chains with their newfound freedom to custom-produce something, anytime, since they are no longer tethered to overseas factories.
What 3D printing implementations have you seen in the industry?
Automotive, engineering, healthcare, and consumer products are only a few of the sectors that use 3D printing.
I’ve seen some amazing applications in the private market, in addition to the impressive attempts to better support the COVID-19 pandemic.
Major automotive makers are using 3D printing to create gear sticks and protective gloves, fashion designers are using 3D printing to create handbags and accessories, and companies are printing personalised foot insoles using just a scan of a patient’s foot.
The opportunities are really infinite, and I’m excited to see what comes out of the industry in the coming years.
It’s difficult to strike a balance between supply and demand. That’s why manufacturers employ advanced algorithms to forecast how much of their goods will be required at a certain time and location in order to satisfy a fluctuating demand.
But what if you could reverse the supply-and-demand equation? What if you could sell on-demand, after the buyer has committed to purchasing the stuff, rather than anticipating demand?
Today’s on-demand procurement business model emphasizes processing speed and the flexibility to manufacture parts on demand. Customers like this because they have exactly what they need, exactly when they need it.
One of the technologies that enable on-demand production is 3D printing. Since 3D printing does not require any tooling, limited batch lead times can be greatly reduced.
It means that if an organization just has a few dozen or even hundreds of pieces, AM is a better option.
Standard manufacturing equipment, such as moulds, does not require a company to wait weeks for production.
It can simply generate a concept file, submit it to a 3D printer, and get a component printed in a matter of hours or days.