Currently, the market of wearable technologies is growing at a very fast pace, leading to the topic of wearables becoming very popular among investors. For some time now a trend has been growing in Silicon Valley heralding the end of software-based companies, companies that will soon be replaced by hardware startups.
You could say that ‘’neuroscience’’ or ‘‘artificial intelligence’’ are buzzwords that open the door to any investor. These are the favorite phrases of people interested in new technologies, in particular the field of wearable technologies. There are high hopes for these technologies, leading to scientists switching from the setting of quiet university laboratories to home garages in hopes of turning their entrepreneurial aspirations into bold, sometimes quite daring, ventures.
It’s worth noting however that creating a physical product differs vastly from working on a virtual solution, a service, or a mobile application. The main differences regard the variance of the length of cycles of iteration and the necessary funds to commence business, both of which are relatively higher in relation to software based startups.
Another major difference between hardware and software startups is that there is a very high emphasis placed on cooperation with outside organizations and companies. This includes other companies responsible for electronic components that the startup is not able to produce itself, or the cooperation with factories and organizing the production line. These are just some of the challenges you face creating a startup that produces physical devices.
To add onto that, if you want to create wearable devices, more specifically, in the field of neuroscience, it is necessary to organize tests on human beings on the model of medical clinical trials and to collaborate with physiologists and other medical doctors.
While working on a physical product we must cooperate and work along with various specialists, such as hardware engineers; programmers that will design the device itself; mobile developers; programmers in charge of creating a link between the device and the mobile software; industrial design specialists in charge of designing the physical product and preparing it for mass production; and, lastly, a vast spectrum of software specialists.
Remember that if you have a seemingly crazy or improbable idea, and truly believe that it can benefit and help the people around you, you can count on the support of the growing community of hardware developers, communities that are arising in many different cities all around the world. Do not hesitate to contact the companies that have been successful in similar areas and ventures. Call or write, attempt to contact them for help. Every one of us, at some point during the creation of their project, received selfless help from someone who has already been successful in achieving their goals, and I am sure that most such people would gladly share their insight and aid others with bringing their own ideas to life.
Kamil Adamczyk (photo) is the CEO of Intelclinic, a Polish startup that created NeuroOn, the world’s first brainwaves monitoring sleep mask. The mask allows you to switch from monophasic to polyphasic sleep to help you sleep less and more efficiently. Intelclinic won the LeWeb’13 Paris Startup Competition: watch Kamil pitch on stage right here!