Robohub.org
 

Frank Tobe on “What funding scheme is the most conducive to creating a robotics industry?”

by
15 February 2013



share this:

Funding new robotic projects in America is mostly done two different ways:

(1) strategic funding from NASA, DARPA, DoD, NSF and other government organizations to do the pure science involved in solving stumbling blocks in robotics, and

(2) entrepreneurial-initiated funding from friends and family, angel investors, VCs and “special people” like Scott Hassan, Jeff Bezos, Larry Page, or Sergey Brin.

In addition, some funding is available via macro programs such as the Roadmap for US Robotics, which don’t move at the same speed as the entrepreneur-initiated projects.

Finally, surrounding each of the major universities involved in robotics research and education are clusters of support networks working with and supplementing the universities’ own commercialization activities. Stanford and UC Berkeley in the Bay Area of California; Georgia Tech in Atlanta; CMU in Pittsburgh; and MIT and Harvard in Boston. All of these clusters and commercialization activities are without government stimulus or direction.

Willow Garage is a perfect example of the benefits of special people: Scott Hassan had a vision to jump-start robotics – particularly the open source software side – and he invested hundreds of millions of dollars in that pursuit. From Willow Garage came seven notable spin-offs including an ongoing non-profit to perpetuate ROS.

Sergey Brin and Larry Page from Google established Google X-Labs, invested in Tesla Motors, and many more.

Amazon’s Jeff Bezos has set up a fund that has invested in all sorts of start-ups: from Uber to Behance to Linden Labs.

The real excitement comes from the special people: They not only enthusiastically give back with profits from their own experiences, but also bring the same level of energy that made them successful to funding of new robotics projects.

Read more answers →



tags: , , , , , ,


Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Robot Talk Episode 64 – Rav Chunilal

In the latest episode of the Robot Talk podcast, Claire chatted to Rav Chunilal from Sellafield all about robotics and AI for nuclear decommissioning.
31 December 2023, by

AI holidays 2023

Thanks to those that sent and suggested AI and robotics-themed holiday videos, images, and stories. Here’s a sample to get you into the spirit this season....
31 December 2023, by and

Faced with dwindling bee colonies, scientists are arming queens with robots and smart hives

By Farshad Arvin, Martin Stefanec, and Tomas Krajnik Be it the news or the dwindling number of creatures hitting your windscreens, it will not have evaded you that the insect world in bad shape. ...
31 December 2023, by

Robot Talk Episode 63 – Ayse Kucukyilmaz

In the latest episode of the Robot Talk podcast, Claire chatted to Ayse Kucukyilmaz from the University of Nottingham about collaboration, conflict and failure in human-robot interactions.
31 December 2023, by

Interview with Dautzenberg Roman: #IROS2023 Best Paper Award on Mobile Manipulation sponsored by OMRON Sinic X Corp.

The award-winning author describe their work on an aerial robot which can exert large forces onto walls.
19 November 2023, by

Robot Talk Episode 62 – Jorvon Moss

In the latest episode of the Robot Talk podcast, Claire chatted to Jorvon (Odd-Jayy) Moss from Digikey about making robots at home, and robot design and aesthetics.
17 November 2023, by





©2024 - Association for the Understanding of Artificial Intelligence


 












©2021 - ROBOTS Association