2020 has been the most challenging year for startups, as well as a hotbed for innovation and growth. The pandemic has changed the basic lifestyles of people around the world. A pandemic that has affected people at a global level has opened a getaway to new opportunities for startups that are working towards making this change easier to adapt to. With stepping out becoming a restriction, startups are developing technologies that make everything possible sitting right where you are.
Healthcare, food, and E-learning have been the most dynamic and receptive fields during the course of the pandemic. From assuring the safety of people to creating awareness of the current pandemic situation – startups are working on ‘need of the hour’ to be their unique selling point. Startups related to gaming, entertainment as well as fitness have also seen a growth curve. Behavioral changes in people during the lockdown have made them more involved in these activities which have been fruitful for startups of these niches.
AI in healthcare provides an upper hand undoubtedly over traditional analytics and clinical decision‐making techniques. Machine learning (ML) algorithms, a subset of AI, can detect patterns from huge complex datasets to become more precise and accurate as they interact with training data, allowing humans to gain unprecedented insights into early detection of diseases, drug discovery, diagnostics, healthcare processes, treatment variability, and patient outcomes.
WHO and CDC (United States) are receiving data on several diseases and situations occurring across the world. With modern computer architecture and the internet, all these data can be accessed in real‐time by different institutes to develop an autonomous or collaborative AI model to handle various tasks. In addition to the official data, AI can gather information from news outlets, forums, healthcare reports, travel data, social media posts, and others in multiple languages across the world by using natural language processing (NLP) techniques and flag their priority.
AI has proved to be the backbone of these startups that is taking the production process leaps ahead of the time compared to traditional processes. As AI has application in every field which requires understanding the customer’s behavior, it has proved to be an accelerator for startups to adapt to the change.
This blog mainly focuses on the best startups in the world to watch out for in 2020. We have curated a list of best startup companies that have acted upon the need of the hour in the fields of healthcare, education, food, technology, and beyond.
The list we have curated of the most successful startups in 2020 is headed by healthcare startups. The pandemic has especially boosted the demand for healthcare startups. This has led to various tie-ups between healthcare organizations and innovative startups to cater to the masses.
1. iRise Mechanics
iRise Mechanics is working on next-generation technologies including intelligent bots, AI systems for health safety and improvement. The company has developed robotic mobility devices to help people with limb disabilities. These robotic hands run through software and help their users manage daily tasks effortlessly. The aim of iRise Mechanics is to make the quality of life of disabled people safe and healthy.
Zenyum is revolutionizing the lives of individuals by making the process of using braces much more convenient and technologically sound. Zenyum, developed by entrepreneurs and local orthodontists, provides 3D-printed invisible braces to patients, thus assuring their confidence isn’t hampered during the prolonged period for which braces are used.
Moreover, these braces can be personalized and customized according to each person’s face orientation. Zenyum with its ground-breaking advancements has become the subject for funding from investors and other companies in the healthcare and tech space.
Meatable is a revolutionary and visionary startup that focuses on solving food sustainability problems. Meatable produces lab-grown meat from single animal cells and harvests them into fully grown animal organs. This procedure leads to cruelty-free meat and reduces the negative environmental impact of animal husbandry. It can help during future food crisis, while also putting a stop to the killing of animals for meat.
Tego is a personal security-focused app that assures the safety of users by tracking their current location. The information can be constantly shared with up to 11 people, making it a great option to keep track of kids, elders, or anyone whose security you are constantly concerned about. It also has an alert button that contacts these people in times of crisis or emergency with just one click!
NuvoAir is a blessing in times of a pandemic that has created panic and uncertainty among the masses. The main vision of NuvoAir is to track the respiratory health of people. The calculated data is stored in the user’s mobile app, which makes it easier to share the data with doctors. It also speeds up the process of decision-making while the individual visits a hospital. It assures getting medical help much earlier than the conventional method.
Everyone dreams of fancy clothes and Wardrobe is making it possible through its eco-friendly business model. Right from renting out luxury clothes to selling used ones, Wardrobe is the answer to the fast fashion industry. Wardrobe not only makes luxury fashion affordable to the common public but also lessens the harmful effect of the fashion sector on the environment. The platform also offers customization of clothes, thus keeping every fashionista’s idea of a dream wardrobe alive!
Spacemaker is another great startup that aims to develop sustainable infrastructure that can help companies grow while decreasing environmental pollution. It is one of the millennium development goals of the United Nations. Infrastructure designers can use the services of Spacemaker for the smartest ways to maximize the value of their real estate structures. The startup helps generate and explore billions of site proposals, sort out the best ones, and give the infrastructure developers detailed statistics about each of them. Spacemaker use machine intelligence to come up with eco-friendly designs.
8. Eyeware Tech
Eyeware Tech is a revolutionary startup in the camera tracking and recognition industry. It monitors a person’s gaze and ascertains the motive. The software is developed to cater to real-world issues, such as security, buyer choice, human intentions, etc.
It uses patent-pending computer vision algorithms to increase human-machine engagement. The 3D eye-tracking software senses depth through cameras and allows gaze tracking in 3D remotely—all this is done with consumer 3D cameras. It helps capture real-world interactions, user attention, intention, motives, and interests.
Labster makes creating a virtual lab at the comfort of your home, a reality! The tech startup focuses on providing high school students the opportunity to learn through practical experience. Labster aims at eliminating the high risk associated with these experiments as every aspect is virtual.
Labster makes education easier and more available to millions of students across the globe. It can be of great help to students in developing countries. The lack of finance and infrastructure for labs with scientific apparatus and technology will no longer be a hindrance in the way of enlightening students with experiments related to subjects like Physics and Chemistry!
Hastee was created to revolutionize the way people are paid, for the better, by giving workers access to a portion of their earned pay. The app allows employees to take a portion of their earned pay, on-demand. It promotes financial wellbeing and allows employees to have more liberty in using their salary as per their needs while earning investments on it.
Hastee is known for its quality service and the value it offers. It lets employees take an advanced salary when the company makes a sale. Hastee is a great way to support your team by ensuring their strong financial health.
CNote aims at making money saving a rewarding phenomenon by offering CNote users financial plans that help them earn passive income. Certified by the US treasury, CNote uses a U.S. Treasury certified financial institution called CDFI.
The business model of CNote works greatly on reducing the financial gap between society and thus approaching a more stable environment for individuals. The money savers can enjoy a low-risk, high-yield return through inclusive economic investments.
Kitopi is built on the fundamentals of kitchen, operation, and innovation, which makes running a restaurant hassle-free. Kitopi provides a state-of-the-art kitchen network that prepares and delivers food to other retail outlets. Kitopi runs on a cloud kitchen network that allows a restaurant to place orders and get them delivered in no time.
The secondary benefits of Kitopi include providing restaurants the freedom to focus more on aspects like marketing, budget, and product innovation.
Running a restaurant includes several challenges—from finding a great supplier of raw materials to running a financially rewarding business. Choco is an app that makes ordering and communication with suppliers quick, easy, and absolutely free! With the growing food sector, Choco aims at simplifying the supplier-restaurant system, thus helping thousands of businesses worldwide!
Choco also solves the problem of managing various suppliers for different requirements, as it allows restaurant owners to manage all their suppliers through one app which is ideal for multi-cuisine and multi-chain restaurants!
Victor Kiam, the American entrepreneur, said “Entrepreneurs are risk-takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets.”
“Don’t get distracted. Never tell yourself that you need to be the biggest brand in the whole world. Start by working on what you need at the present moment and then what you need to do tomorrow. So, set yourself manageable targets.” -Jas Bagniewski, Co-Founder of Eve Sleep
Sean Rad, Co-founder of Tinder, Inc said, “When you are building a startup, it’s difficult. Particularly, a start-up that is expanding at the rate of Tinder. You have to give 100%, and you have to be committed. Solving the problem has to be personal or else you’re going to disintegrate.”
Cassey Ho, Founder of Blogilates.com, quotes “Do not focus on numbers. Focus on doing what you do best. It’s about building a community who wants to visit your site every day because you create value and offer expertise.”
Ryan Holmes, Co-founder of Hootsuite, said “When in doubt, bootstrap. Using your own personal resources is the easiest way to start a business. You don’t have to convince investors about the merits of your idea. You just have to convince yourself.”
Gayle Tzemach Lemmon
Gayle Tzemach Lemmon said “Entrepreneurship isn’t for everyone, and not everyone is going to be an entrepreneur, but women who turn to business, turn to economics because people depend on them, I think that their creativity, their resilience, their spirit, embody what’s best about entrepreneurship.
If you think being a founder is like a regular 9-to-5 job, think again. Entrepreneurship is like a roller coaster ride, and it comes with its own rewards, like flexibility and enthusiasm. However, there also challenges and obstacles, and it is a tough act to follow.
What are the inspirational quotes that motivate you to be an entrepreneur? Let us know in the comments!
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