Robohub.org
 

Building a robotics company

by
30 September 2014



share this:

gariepy-ryan_Clearpath
By Ryan Gariepy

As we’ve made more of a name for ourselves within various startup communities, we’re commonly asked how we moved from our beginnings with little resources and no connections to a worldwide concern in robotics, especially with the field exploding as it has. In truth, there is a great deal to be said for “being in the right place at the right time”, but there are a few key simple lessons we’ve learned along the way that others with good ideas might be able to benefit from.

Some relevant background first. McKinsey & Company popularized the “3 Horizons” concept, where an existing company should be doing three things:

  • It should be looking for new opportunities and markets (Horizon 3)
  • It should build businesses from these new opportunities and markets when they become viable (Horizon 2)
  • It should sustain and extend its core businesses (Horizon 1)

One way to frame the goal of a startup is to get a business model from Horizon 3 to Horizon 1 before the money runs out. The big difference between a startup and an established company is that an established company tends to have time and resources on its side. A group of four of us working from a combination of school labs, living rooms, and basements doesn’t.

However, the concept still holds. How does one get from having an Idea to being a Company, where the latter hopefully implies things like having vacation time and salaries?

I’m not going to go into detail here about how one should or should not define or develop a product best, because there are innumerable ways and opinions put forth on that topic in particular, but we’ve found there are three basic stages you’ll probably go through while building out your team and company that correspond very closely to the 3 Horizons. Ideally, you’ll make it through these stages as fast as you can, because making it to the end means you can start all over again…but bigger! First, there’s the Idea.

Phase 1: The Idea

Phase 1: The Idea

This is why I’m usually asked about this. I run into a person or six at a conference and they have an Idea. Since this is probably a robotics conference of some kind, this Idea has a Prototype already, which is probably good enough for putting up on a crowdfunding site. And, because startup communities in tech hubs the world over are doing their jobs, these people probably have a Market in mind. Our initial work is done. Unfortunately, they’re wanting to know what they need next, and the answer is usually “everything”. Or, at least, a “Startup”.

Phase 2: The Everything

Phase 2: The Everything

The idea is still important, but now getting it into shape for customers is important. Of equal importance is defining or creating your market, supporting your customers, making sure there’s cash in the bank, determining which features are releasing when, and it goes on. Here lies the difficulty; every new idea needs a startup built with a slightly different recipe.

The common theme I’d like to get across is that once you’ve decided to move past that first idea, you’re on the path of having to build the rest of the Startup, and you’re going to be learning a lot along the way. You’ll have a lot of different things to start caring about all of a sudden over and above your idea, and you’ll also be taking on more financial and personal risk. So, it’s best that you stop being a Startup as soon as possible and become a Company. This is one of the key reasons behind the “Lean Startup” approach – startups are risky and unstable, so get from Idea to Company as fast as possible .

Phase 3: Sustainability

Phase 3: Sustainability

Now, you’ve not only incorporated the idea into a sustainable business (Horizon 1), you’re building a team and structure that help you get your other ideas into the world, whether by applying your ideas into similar products and markets (Horizon 2), or by going all the way back to formula with new ideas based on the experience and team you’ve built so far (Horizon 3).

For those of you with ideas, don’t be discouraged by how small the idea might appear in the end once it’s examined as part of the greater whole. It is necessary. However, it’s not sufficient by far, and it’s best to go into starting an endeavour like this with at least a bit of awareness of what’s waiting on the other side.

About the Author

Ryan Gariepy is Co-Founder and CTO of Clearpath Robotics. He drives the development of Clearpath’s autonomous control software modules while guiding the continued expansion of Clearpath’s research platform lines, environmental surveying technology, and custom industrial automation solutions.



tags: , ,


Clearpath Robotics Clearpath Robotics is dedicated to automating the world's dullest, dirtiest and deadliest jobs through mobile robotic solutions.
Clearpath Robotics Clearpath Robotics is dedicated to automating the world's dullest, dirtiest and deadliest jobs through mobile robotic solutions.





Related posts :



World Robotics 2023 report: Asia ahead of Europe and the Americas

The new World Robotics report recorded 553,052 industrial robot installations in factories around the world – a growth rate of 5% in 2022, year-on-year. By region, 73% of all newly deployed robots were installed in Asia, 15% in Europe and 10% in the Americas.

#IROS2023: A glimpse into the next generation of robotics

The 2023 EEE/RSJ International Conference on Intelligent Robots and Systems (IROS 2023) kicks off today at the Huntington Place in Detroit, Michigan.
01 October 2023, by

Robot Talk Episode 55 – Sara Adela Abad Guaman

In the first episode of the new season, Claire chatted to Dr. Sara Adela Abad Guaman from University College London about adaptable robots inspired by nature.
30 September 2023, by

A short guide to Multidisciplinary Research

How and Why would I consider colliding two opposite disciplines in my research.
27 September 2023, by

Robo-Insight #5

In this fifth edition, we are excited to feature robot progress in human-robot interaction, agile movement, enhanced training methods, soft robotics, brain surgery, medical navigation, and ecological research. 
25 September 2023, by

Soft robotic tool provides new ‘eyes’ in endovascular surgery

The magnetic device can help visualise and navigate complex and narrow spaces.





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association