Solar e-book reader demo from LG?

You knew it was coming, it just made too much sense the Solar ebook reader is on it’s way from LG. Demonstrating an ebook sized thin film solar cell on a Sony reader at the International Meeting on Information Display in Seoul, LG looks to solving one of the key constraints on ebooks.

Ebooks are very handy, loads of books in one form factor, until the battery runs out. This solar cell is designed to extend battery life of the ebook. Measuring 100×100 mm and at a thickness of 0.7mm it is pretty compact. LG claims the cell currently has an efficiency rate of just 9.6 percent, but is aiming to steadily increase this over time to prepare for commercial application.

Even if an LG e-reader never come to market, the company will likely licence the technology to existing manufacturers keen on extending battery life.

Of course with the advances in Nuclear batteries this is a good time for micro device power.

Irish Dragons Den TV Review Week 5

We have been offline for a little while but now we are back with the traditional Thursday night review of the Irish Version of Dragons Den. Ideally we would have a show packed with new and useful ideas. A showcase of the best of Irish Innovation and talent. The Dragons would be discerning and adventurous business angels ready to help give the struggling entrepreneur the kick start they need. It all hasn’t worked out that way but there are still some glimmers of hope. It is a fun show to watch and to have twitter running a live commentary on #ddire is added entertainment.

No experimentation with the format of the show is matched by a unimaginative review structure

  • 3 reasonably comprehensive pitches
  • a few short unsuccessful tries
  • the final pitch of the show

Pitch 1

Elaine Sarah is a trained goldsmith and her product was a novel take on the charm bracelet. Inspired by her mothers button box, Elaine Sarah has created silver button charms to be collected on “needle and thread” style bracelet, The innovation is probably low in this idea but it looks well implemented and I wouldn’t underestimate the design elements or craft that was needed. This kind of a business requires a brand to be built in order to be successful. The button bracelet has to be more than just another bangle, it has to have the cachet that allows the wearer and the admirer to see additional value and that only genuine additional buttons are bought to fill out the bracelet. She was looking €45k to build the brand. Elaine Sarah was a little nervous but had offers of the 45K in return for hefty chunks of equity in her company. She went with Niall, a fellow silversmith in return for 45% of the company.

I think this business will fly.

Pitch 2.

Leprechaun hair….Really…..

In the style of air in a jar, lucky shamrocks and other novelty items this is fake hair in a plastic bag stuck to a little piece of printed material with nonsense printed on it. This is a niche market and Gary is making sales. Anyone who saw the reception that the Paddygames got a couple of weeks ago won’t be surprised that the Dragons didn’t go for this. This kind of thing is either one of a multitude of products rolled out or a simple oneshot wonder. The latter may be the case.

Pitch 3

Ken the engineer has invented FAXCOP. It is a device you plug into your fax machine and it prevents junk faxes. Useful and environmentally friendly. Now, junk faxes are pretty wasteful, but if you think about it so are fax machines. Email does the same job and the resolution and readability you get from a printed document is much better and probably in colour and you choose if and when to print it out. Nevertheless, Ken has spend €100k of his own money in developing the device and sees a multibillion dollar business potential. Most of the Dragons baulked at investing €85k in a Fax machine busines reckoning it was 20 years too late.

Sean and Gavin looked like they might have gone in but for Ken’s reluctance to share how the device worked. Ken was looking to protect his Intellectual Property and not disclosing secrets on TV is one way to do that. However he had already said that he had filed for Patent protection and that the patents here at the national filing stage. This essentially means that he has already disclosed publically how the device works! That is the fundamental part of a patent filing, even if it is NOT granted – you still have to tell everyone how your invention works. (The application is kept secret for a while though you can change your mind after the process starts, but not at the national filing stage) Anyway, Ken felt he couldn’t share and the Dragon’s didn’t share with Ken.

Fast pitches

  • correctfooddirect – healthy food baskets just for you! But not for the Dragons
  • Used wedding dresses – no again
  • Ecofriendly bicycle holidays seemed to be too expensive a proposition
  • The scales that weighed beer kegs to check if free pints were being pulled wasn’t a winner

Final Pitch

Geena and Joan with Greenme.ie It’s the Irish Green directory site, with great material to pull you back for more. Boasting of €55k sales in two months and millions being projected this was surely a winner. The inquiry began. The business model is essentially selling advertising space with a green heart. Concerns were raised about whether the green ethos could remain pure if they needed the revenue to come in. Assurances were given that was not the case. Concerns were raised they might be tree huggers, Assurances were given again that this was not the case. Concerns were raised that they might be overvaluing their business by looking for €150K for only 10% equity share, Assurances came forward but in this case failed to win over the dragons.

There seemed to be a bit of a theme in this evenings show about businesses being overvalued. If you have a great business idea based on a new technology I recommend you check out this podcast. It is from the Killer Innovations podcast series and comes highly recommended.

The Grass Carver won last weeks poll:

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Dragons Den week 1
Dragons Den week 2
Dragons Den week 3
Dragons den week 4

Text Tax

Mary White from the Irish Green Party suggested a novel way of raising some cash for the very strapped Irish economy. A 1 cent tax on every text sent would raise a lot from the text addicts in the Republic. Great Idea!  ..well maybe

First of all, we are happy to congratulate any politician who comes up with some new thoughts regarding the current financial debacle. The lack of innovative thinking in many political responses is second only perhaps to the lack of any structured thinking. The last thing we need is to make it difficult for new ideas to be evaluated. However there are lessons to be learned for the innovator from this little political episode.

Lesson 1. Double check the basics

The weakest link in your idea pitch can take you down. In Mary’s case getting the (simple) maths wrong is a major blow.Hard to look smart when your figures are out by €1bn. In many of the invention proposals I have seen, a little error in maths or physics or a units conversion have caused them to become undone. The simple things are the easy bits to get right and get checked. The weakest link can cause the chain to break.

Lesson 2. Can we implement it?

In theory a 1cent tax or a levy could be done, but many people get their texts for free in a bundle or free within a network, how would that work? Also VAT is paid at 21.5% on your mobile bill anyway so are we not getting taxed already? These could all be solved but in the implementation of the solutions the nature of the problem changes as well? Do people text because it is “free” for them?  Would people text less? In evaluating inventions the wider ecosystem must be taken into account. Business impact is often why some inventions do not progress, the cost to the business of implementation or retooling might be too high. The inventions might work on a technical level but fail on the business level. If your idea causes a change then factor assumptions about that change into the projected benefits, positive or negative.

Lesson 3. Consider the consequences of success

This is the Ecology piece ( irony much). If you got your idea implemented what would happen? In this case the burden of this tax would fall on the teens and their parents who pay the bills.Is that the target for taxation now? With those on pay monthly or  other plans the pain would probably be spread to all the customers, so we all pay more. Increasing the cost of doing business in Ireland is always the danger with any taxation. Texting is a cheap, useful and efficient method of communication. and encouragement should be given to solutions that are cheap, useful and efficient not penalties. It would raise some revenue, definitely, but what is the total cost? and to whom? Also consider the change in the system that your idea creates. Workarounds exist such as webtexts, just calling, not texting, Instant Messaging, Facebook, Bebo, Twitter, Skype, If other technologies or solutions exist then make sure your idea just doesn’t make them more attractive. If they don’t exist at the moment, they will in the future and you are accelerating their arrival.

Lesson 4. Don’t get put off.

I am sure Mary White, like all politicians, has a fairly thick skin and will bounce back. It is disheartening to have your great idea shot down. Especially if you have put a lot of effort into it and especially if the reasons have more to do with the business than your technology or design. I have learned something from every invention I proposed that got knocked back. I learned to present ideas more effectively, to include more business sensitivity and to clarify and express the benefits to the audience. There is no such thing as failure only feedback.

So, great to see some new ideas, like to see some more. A bit of thought into implementation and the consequences of success can go a long way too.

Junior Inventor 2009

Innovation being for everyone, the Irish Patents Office has announced the launch of Junior Inventor 2009

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This competition is aimed at Irish primary school children and encourages young students to be innovative thinkers. Children will be asked to submit a drawing or illustration for their invention accompanied by a written description. The theme is “Green Innovation in line with the theme for World Intellectual Property day (26 April). So get thinking about eco friendly ideas, ways of saving energy and ways of making life better and helping the environment.

The competition is divided into three categories with one overall winner who will be presented with the Junior Inventor 2009 award.  The categories are:-

  1. Junior Infants to Senior Infants
  2. First Class to Third Class
  3. Fourth Class to Sixth Class

The closing date for entries is 5.30pm on Wednesday 8th April, 2009.

The competition is being organised to mark the Patents Office contribution to World Intellectual Property Day, which is held annually on 26th April.

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