Tag Archives: Global Entrepreneur

Global Entrepreneur Winner Sproxil expands partnership with IBM

Back in June 2010 – a little company named Sproxil sprung onto the scene of the global healthcare market by winning the IBM Smartcamp competition in Boston, MA.  Since they won our event competition, Sproxil has been featured for their cool solution on CNN, on the BBC, in the Wall Street Journal, and in other media outlets all over the globe.

Sproxil provides a mobile product authentication service that can be applied to various industry specific problems to ensure products are authentic before they are consumed.   You can see their CEO in this video talking about their solution — in this case providing a safe, reliable, scalable way for citizens to verifty that the perscription drugs they are consuming are legitimate, and have not been tampered with.  This enables the pharmaceutical industry to reduce drug counterfeiting and allows consumers to verify the authenticity of prescriptions in seconds with their mobile phones.

Today at IBM, we’re pleased to announce that Sproxil is collaborating with IBM and  is extending manufacturers’ ability to view and analyze real time consumer data to detect and prevent drug counterfeiting in developing countries, where 25 to 50 percent of medicines are believed to be counterfeit, costing the industry $75 billion a year. With the collaboration, Sproxil also uses IBM’s cloud service to provide clients with secure, reliable data access virtually anywhere.

Sproxil’s partnership with IBM builds on IBM’s rich portfolio offerings for Smarter Healthcare.   If you are at our IPMACT event today n , please be sure to find Dr Ashifi Gogo and congratulate him on his cool solution and partnership with IBM!

Bangalore Smartcamp A Big Success

Last week I had the pleasure of spending the week in Bangalore and hosted our first IBM Global Entrepreneur Smartcamp of 2011.   The event was a tremendous success with over 200+ startups applying to attend the event to benefit from the intense mentoring and business plan competition.   Prior to the actual day of the event – five companies were selected to attend and be mentored by our a great team of 26 experts from our venture capital, academic, ISV and other key ecosystem partners.  The five companies chosen to attend were:

  • Adiro Systems Private Ltd — builds sensor-based enterprise mobility solutions including automatic identification and data collection for manufacturing industry.
  • ConnectM – creates machine to machine technology for domain specific analytics and business intelligence for Telecom, Utilities, and Transportation industries
  • Indrion Technologies India Pvt Ltd – an intelligent automation provider based on embedded sensor and actuator network technology.
  • Infobotique Services (P) Limited – creates solutions for compliance and risk management for Oil and Natural Gas industry.
  • Quantama Mobile Solutions Pvt. Ltd – allows you to find places of interest, promotions and events nearby.

The five finalists presented their plans and after much discussion and dialogue with the mentors and judges, ConnectM was chosen as the winner for its Smarter Energy Concept.

ConnectM will now compete in the SmartCamp World Finals with winners of SmartCamps from other countries, for the honor of IBM Global Entrepreneur of the Year 2011!

I’d like to especially thank our distinguished group of judges and mentors who spent the full day with our five finalists.  We appreciate your willingness to be a part of the event and help mentor these five companies as they strive to create solutions to build a Smarter Planet!

·	Darren Bibby, Vice President, IDC
·	Venkat Raju, Country Head & MD, ACI WorldWide
·	Ravindranath.P, Executive Director, TiE
·	Shalini Pillay, Partner, Performance & Technology, KPMG
·	Dr. Ponani Gopalakrishnan, VP, India Software Labs, IBM
·	Madhusudan Atre, President, Applied Materials India P Ltd
·	Samir Kumar, Managing Director, Inventus Advisory Services
·	Laura Parkin, CEO & Co-founder, NEN
·	Prof. Sekhar Babu, Chairperson, Amirta Institute of Management
·	Jeby Cherian, Director, Strategy, IBM India South Asia
·	Prof. Sadagopan, Director, IIIT Bangalore
·	Uma Reddy, CEO, HiTech Magnetics
·	Rahul Chowdhri , VP, Helion Advisors P Ltd
·	Ashish Sinha, Founder Pluggedin
·	Capt. V.Sivakumar, Associate Director - IT, Metlife India
·	Vish Narayan, IBM Distinguished Engineer & CTO, IBM Industry Solutions
·	Ajay Hattangdi, Managing Director, Silicon Valley Bank India Finance
·	Ramasubramaian, CMD, BioPure
·	Priya Chetty Rajagopal, VP & Client Partner, Stanton Chase International
·	RamPrasad Moudgalya, Telecom/Wireless Intrapreneur
·	Ankur Gulati, Analyst, DFJ
·	Mauricio Sucasas, Director, IBM ISV & DR, Growth Market Units
·	Mohan Kumar, Executive Director, Norwest Venture Partners
·	Girish Venkatachaliah, Director, Information Management and BA, IBM
·	V. Ravichandar, Chairman, Feedback Consulting
·	Vidhya Shrivatsava, Head- South, India Angel Network

Sudhir Sethi, Founder, Chairman & Managing Director, IDG Ventures, along with Ajay Hattangdi, Managing Director, Silicon Valley Bank India Finance and I were on the panel of judges for the IBM SmartCamp Contest held in Bangalore on 27th of April 2011.

That's me on the left with Murali Ramalingam, MD, ConnectM, Praveen Chandrashekhar, VP IBM Indi, Sriram Chidambaram, Head – Sales, ConnectM and Mauricio Sucasas, Director, IBM ISV & DR, Growth Market Units






IBM Global Entrepreneur Schedule for 2011 – and Five Keys to Success

Just a bit ago we unveiled the schedule for the IBM Global Entrepreneur program events in 2011 – and you can find all the details here.  It’s going to be an exciting year ahead – with the program launching in more countries this year, and Smartcamps coming to nine cities!   Our competitions will span the globe – encompassing five continents – with the kickoff in India and the final event in Rio.  Be sure to check out the schedule and apply to the program!

As we work with hundreds of start up partners around the globe – it’s fascinating to look at what makes them successful as companies, and as entrepreneurs.    This week I read an interesting perspective titled “Should You Be An Entrepreneur” that looked closely at the types of entrepreneurs and what makes them successful.   It’s a fascinating quick read that you should check out.  The five keys to being successful – ability to change, ability to delegate, understanding the market they serve, managing cashflow, and imagination.

5 Hot New Companies – Stockholm SmartCamp Finalists

As you may know from my previous posts – as part of our Smarter Planet strategy we launched the IBM Global Entrepreneur Program to help fuel the growth of early stage startups who are inventing new business models and solutions related to Smarter Planet.

The Global Entrepreneur Program includes the IBM Smart Camp program, which provides a business plan competition to give these entrepreneurs visibility to IBM and Venture Capital executives, gives them mentoring by senior industry executives, and potentially access to capital from our VC partners to fuel their growth.

To run these smart camps we are partnering with an impressive list of organisations including Seedcamp, SDFORUM, Kauffman Fellows, TechStars, Enterprise Ireland, Stockholm Innovation Group (STING), Massachusetts Tech Leadership Council and Dublin City Council among others. This list is growing rapidly and you can find the complete list of our partners on our SmartCamp blog.

Our next event is this week in Stockholm – and we just announced the five finalists –

  • Predect making water safe
  • Yubico simplifying security for everyone
  • Info24 connecting machines to deliver smart planet solutions
  • VC Fire helping to reduce impact of fires
  • Qlucore next generation intuitive bioinformatics

Be sure to check out these cool new companies – they are great examples of new innovation that is helping to create a Smarter Planet!