As facility managers, we can make our activities and facilities increasingly smarter and more tech-driven using innovations in artificial intelligence (AI), big data, internet of things (IoT) and many other cutting-edge technologies. A lot of these “tech” are innovations from growth-fueled companies called startups.
But what are startups, by the way?
How do they grow and become a source of innovative solutions for us, facility managers?
The definition of startup
If we look up the definition of a startup, it can range from the simple “fledgling business enterprise” or to the more comprehensive “company or project undertaken by an entrepreneur to seek, develop, and validate a scalable economic model”. In the broadest sense, any new company is a startup. But what is the best definition of a startup? The description given by Paul Graham, the founder of the world’s most successful tech incubator, Y Combinator, is by...