May 19, 2020

French venture capitalists look to the US for inspiration and innovation

Technology
Startups
Investors
venture capitalism
Cinch Translations
2 min
French venture capitalists look to the US for inspiration and innovation

French venture capitalism is coming to the United States, and it’s looking for the best and brightest startups in the food, beverage and hospitality fields. 33entrepreneurs—a venture capital “accelerator” company that touts itself as the first of its kind dedicated to supporting startups in the food, beverage and hospitality industries—has been taking a tour of the United States and Canada in order to give North American startups the opportunity to pitch their ideas to potential investors.

So far the VC accelerator firm is halfway on its nine-city tour of some of the biggest cities in the U.S. and Canada, where over 500 startup are pitching their ideas—in the hopes of earning a finalist spot pitching further at either Bon AppeTech or Phocuswright. The top three startups will receive a $100,000 equity investment and three months at an acceleration program in France which will help the winners explore and enter the EMEA market.

In promoting this tour, the firm explained its state of mind, noting that it’s looking for startups who can capture that in their new innovations:

“The way we understand food is totally different from the way Americans think about it,” [33entrepreneurs partner Kevin Camphuis] told FRANCE 24. “For many Americans, food is fuel. So food innovation in the US can be very functional and thus very visible. For a French person, food means love, pleasure, gathering around a table. Innovation for us is about improving the experience that you share, about the quality of what you prepare, the time and ease it takes, and how to access a larger variety of good quality ingredients.”

But these entrepreneurs aren’t only coming to the United States to recruit: they are also here to learn. In the interview with FRANCE 24, 33entrepreneurs partner Kevin Camphuis also discussed the ways in which France and the United States are able to inform and educate each other in the culinary field:

“France has certainly been inspiring the US,” Camphuis said. “But in France, we’re also inspired by the Americans.” Nutrition awareness, for example, which is commonplace (if not obsessed over) in the US, remains glaringly absent in France (many people are vague in their understanding of a carbohydrate).

Camphuis explained that some of the top startups in France are focusing on these more American conceits, finding progress in vitamin supplements and biotechnology. By promoting cross-cultural investments and understanding, there is still a lot left for both regions to learn. 

[SOURCE: FRANCE 24]

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Jun 18, 2021

Intelliwave SiteSense boosts APTIM material tracking

APTIM
Intelliwave
3 min
Intelliwave Technologies outlines how it provides data and visibility benefits for APTIM

“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.

We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time  spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.

Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate. 

With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.

There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.

Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture. 

It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.

Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.

On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.

As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.

A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.

 

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