Internet of Things – From the idea to the world market

“In an interconnected world: applications and opportunities.”

On Wednesday, April 13th, at 19:00, over 120 people attended the 10th SciFY Academy, organized by SciFY and the INNOVATHENS Innovation and Entrepreneurship Hub of the Technopolis of the Municipality of Athens, on “Internet of Things – From the Idea to the Global Market”. SciFY Academy is a series of presentations organized by the non-profit organization SciFY, open to all interested in the free diffusion of knowledge.

Chrysostomos Bouras, member of the “ΤheThingsNetwork Αthens” community, opened the event. He presented to us the efforts of his team (GRIoT) for expanding an Internet of Things network in Athens, which will be exclusively for citizens/volunteers.

Then, Lefteris PapageorgiouGeneral Manager of Entranet, with his extensive experience in the field of new technologies, introduced us to the world of the Internet of Things (IoT) using the “home of the future” as an example. See his presentation here.

The expected question is, “What exactly does the house of the future have that differentiates it from ordinary residences?” The answer is that there can be total control of the home through voice commands. For example, we mention the possibility of voice recognition. One can talk to the elevator and tell it which floor they want to go to or the name or profession of the person they want to visit. Few of us knew that the residents of a smart home could have an electronic information bank updated with biometric information, including the possibility of medication reminders and direct communication with medical centers.

Additionally, we were informed about the basic steps that must be taken to promote an innovative business idea:
Step 1: Build your team
Step 2: Do market research
Step 3: Calculate the time required to enter the market
Step 4: Calculate the cost
Step 5: Make a Business Plan and follow it
Step 6: Do a Business Structure Analysis (Structure Breakdown)
Step 7: Find the capital
Step 8: Consider alternative sources of funding

A big thank you to Lefteris Papageorgiou, Chrysostomos Mpouras, INNOVATHENS, and all our friends who attended and participated in the seminar, asking interesting questions and once again contributing to the realization of our vision for the free dissemination of knowledge.

Watch the event here.
To stay informed about future SciFY Academy events, register here.