Industrial Internet, Industrial Internet of Things, Industry 4.0, Smart Factories, Machine-to-Machine … whatever you call it, it is a BIG Movement across the globe. How big is the economic power of the Industrial Internet? Consider one analysis that places a conservative estimate of worldwide spending at $500 billion by 2020, which then points to more optimistic forecasts ranging as high as $15 trillion of global GDP by 2030. Industry 4.0 or the fourth industrial revolution, is a collective term embracing a number of contemporary automation, data exchange and manufacturing technologies. It had been defined as ‘a collective term for technologies and concepts of value chain organization’ which draws together Cyber-Physical Systems, the Internet of Things and the Internet of Services.
- Scott Phillips
- Oct 18, 2015
- automation alley, blackstone launchpad, carol glynn, dom holmes, entrepreneurship, jason beale, pavan muzumdar, small business development center, ted williams, tom kelly, walsh college, wayne state university
I recently had the opportunity to sit in on a brainstorming session at Automation Alley in Troy, MI that was focused on Blackstone Launchpad programs at Wayne State University and Walsh College.
The session was facilitated by Dom Holmes from Automation Alley and Pavan Muzumdar from PCS Insight. The brainstorming event included student let startups as well as commercialization coaches and other advisors. Carol Glynn is the Director of the Walsh College LaunchPad Program and Jason Beale is the Project Coordinator for the Wayne State University Blackstone LaunchPad Program. It was impressive to watch each of them coach the student and faculty led startups.
I also continue to be impressed by Automation Alley and the breadth of their reach within the SouthEast Michigan Business Community and also their recent focus on entrepreneurial startups and second stage entrepreneurs with their Seven C’s Program. Tom Kelly, Dom Holmes, Ted Williams and Pavan Muzumdar have really put a lot of thought into the needs of startups and second stage companies. They recently engaged The SearchLite to conduct a Customer Validation Assessment to pinpoint the nature of second stage entrepreneurial needs and how Automation Alley can be accessible and effective in addressing those needs.
Automation Alley has tremendous resources and facilities that have been developed over many years and I am impressed at their willingness to team with other entrepreneurial organizations such as the LaunchPad Programs at Wayne State University and Walsh College, the Michigan Small Business Development Center (SBDC) and many other organizations. I strongly encourage any startup or second stage entrepreneur who is looking for a place to start with when looking for assistance, to start with Automation Alley.