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IN THE NEWS
Tuesday 10 December 2024
Startup set to disrupt silicon photonics market with breakthrough optical isolator chip
Spun off from a laboratory at Inha University in South Korea, PhotoniSol, a dynamic startup, is leading the charge in silicon photonic integrated devices. The company focuses on commercializing a groundbreaking optical isolator chip that promises to reshape the silicon photonics landscape.Silicon photonics, a technology designed to overcome the bandwidth limitations of traditional electrical I/O systems, has become vital for the development of high-speed optical interconnects, which are essential for AI computing and next-generation high-performance computing systems. PhotoniSol's innovative optical isolator chip addresses a long-standing technical challenge, potentially revolutionizing the field.A Rising Market Star Born from Academic ResearchPhotoniSol was founded in July 2020 by Kyong Hon Kim, who now is the company's CEO. During his early technical career period, Kim was a researcher at NASA Langley Research Center developing spaceborne lasers for solar-power transformers and LiDAR applications, and then a technical member and director at a research institute, ETRI, Korea developing optical communication devices for 14 years. He also served as one of the key members of a government planning committee for photonic technology R&D projects. About a decade ago, Kim taught and researched silicon photonics at Inha University.According to Kim, optical isolators are critical components that protect laser sources from destabilizing back-reflections, which are essential for applications like data centers, LiDAR systems, and photonic biosensors. With PhotoniSol, he aims to bring his decade-long research to the market with products that optimize these applications.Breaking Barriers to Commercialization"The development of optical isolator chip technology has been a focus of global research groups for decades," Kim noted. "While many significant technical papers have been published, none of the advancements have led to commercially viable devices."PhotoniSol's approach is unique: it utilizes conventional CMOS fabrication lines to mass-produce optical isolator chips, enabling the hybrid integration of silicon photonic devices with existing silicon IC technologies. To achieve this, PhotoniSol has partnered with Singapore's Advanced Micro Foundry (AMF), a dedicated silicon photonics foundry, for the trial production of its chips.The startup plans to release the world's first commercial-grade optical isolator chips within the next year, a move expected to drive market growth for silicon photonic devices and accelerate the development of photonic integrated circuits.Aiming to Replace Existing Market Solutions"We are working to refine the optical insertion loss characteristics of our isolator chips and expect to have market-ready specifications soon," Kim explained. Once finalized, PhotoniSol plans to distribute samples to potential customers for technology licensing or sales.The company's optical isolator chips are designed to replace the bulkier isolators currently used in optical transceiver applications. "Intel and Cisco hold significant market shares in optical transceiver modules for data center equipment," Kim said, "and our goal is to win their support as we bring these chips to market."The development of PhotoniSol's optical isolator chips comes at a time when hyperscale AI computers, data centers, and high-performance computing systems are pushing the limits of current interconnect technologies. Optical isolators, traditionally bulky, need to be miniaturized to enable further advances in photonic integrated circuits.PhotoniSol is on track to release the world's first commercial-grade optical isolator chips, using fabrication methods compatible with standard CMOS processes. This compatibility allows for the hybrid integration of photonic and electronic devices, promising scalability in production and cost-efficiency.Applications Across Multiple IndustriesPhotoniSol's optical isolator chip has numerous applications across several industries. In data centers, these chips are crucial for optical transceivers, replacing bulkier counterparts and improving system efficiency. Furthermore, its technology could enable advances in LiDAR systems, used in autonomous vehicles and high-speed optical scanners, as well as in biosensing applications that demand highly sensitive and stable laser sources.By adopting a multidisciplinary approach, that encompasses device physics, semiconductor fabrication technology, material science, and engineering, PhotoniSol has made significant strides in refining its optical isolator chips to meet market standards. The ability to mass-produce optical isolator chips using existing semiconductor manufacturing infrastructure gives the company a competitive advantage in a rapidly expanding market.With strong support from South Korea's deep tech startup programs, PhotoniSol has successfully transitioned from academic research to commercialization. Kim expressed confidence in entering the global market and is eager to collaborate with Taiwan's industry players who share the same optimism for silicon photonics.PhotoniSol optical isolator chip
Monday 9 December 2024
eNeural introduces AI-Craft, a slimmed-down high-performance solution for edge AI
Continuing advances in AI technologies are driving a rapid expansion of AI applications into areas such as smart factories and smart cities. Coupled with the widespread popularity of 4G and 5G communication, GPU performance boosts, and increasing data processing speeds, these developments are spurring burgeoning edge AI market growth. According to GII, the global edge AI hardware market was already valued at US$2.62 billion and is projected to grow at a CAGR of 19.85% over the next five years to US$7.52 billion.According to eNeural Chairman Jiun-In Guo, although edge AI applications are rapidly expanding, device developers and system solution providers face the challenge of high costs. Without small-scale and high-precision AI models, edge devices need to have GPUs with sufficient computing power. However, not only do GPUs come with high price tags in the range of hundreds of U.S. dollars but they also have high power consumption and thermal management challenges, making the miniaturization of edge devices very difficult. This leads to increased development costs and more importantly, it curbs the growth of edge AI applications. As such, having small-scale and high-precision AI models is critical to developers who strive to keep edge AI device cost and footprint under control.The market already has a slew of neural-network processing units (NPU) supporting AI tasks, for example, Sunplus C3V, iCatch V37/V57, Ambarella CV2, Realtek AMB82 MINI (RTL8735B), NXP IMX8M+ and Kneron KL series. In view of the market trend, eNeural is dedicated to building small and precise AI models to support customer needs. Its solutions have been adopted by multiple strategic partners.eNeural builds AI models specifically for NPU platforms, offering unique customization servicesFounded in March 2022, eNeural was a spin-off of Intelligent Vision System Lab, National Yang-Ming Chiao Tung University (NYCU). The team has more than a decade of experience in AI vision. Its independently developed AI modeling tool, AI-Craft, accelerates the time-to-market of AI models, bringing AI application products to market six times faster while boosting the precision level. Incorporating fast labeling and model compression techniques, AI-Craft enables partners to develop edge AI devices featuring a lightweight, small footprint, low power consumption, high performance, and high precision.Guo emphasized that AI models running on NPU platforms on the market are generally developed through open-source projects. They are available in standard versions or manually scaled-down solutions with limited optimization for NPUs. AI-Craft, on the other hand, enables customizable optimizations for various NPUs. Not only can AI-Craft maintain a certain level of recognition precision, but it also makes the AI model up to 90% smaller (depending on the application and requirement). Furthermore, in the case that the precision drops after the AI model is slimmed down, AI-Craft can be used for re-training to raise the precision. This allows eNeural partners to offer a variety of hardware devices suited to different market needs based on only one AI model without the hassle of AI model training and subsequent optimization and scale-down efforts.eNeural participation at CES caught market attention, successfully expanding AI model applicationsIn collaboration with strategic partners, eNeural's AI-Craft is being used in advanced driver assistance systems (ADAS), mobile robotics, and AIoT. A leading Taiwan-based manufacturer integrated sensors and cameras on top of AI-Craft, which is the smart core, and introduced QBOX, a vision-based commercial vehicle assistance solution that combines a lane departure warning system (LDWS), forward collision warning system (FCWS), blind spot detection system and blind spot information system (BSD & BSIS) and driver monitoring system (DMS). Apart from this, eNeural is also in talks with potential partners in the healthcare and AIoT sectors while planning to further expand the application scope of AI-Craft.Guo pointed out that the establishment of eNeural was a result of a program initiated by former Minister of Science and Technology Liang-gee Chen to create four AI innovation and research centers. Under the guidance of the Center of Industry Accelerator and Patent Strategy (IAPS), NYCU, and Taiwan Tech Arena (TTA), eNeural participated at CES 2019 and CES 2023, which boosted the startup's visibility. Taiwan's startup ecosystem has made great strides. With the wealth of opportunities and resources made available by incubators, startups today grow at a faster pace.Aside from AI-Craft, eNeural has obtained NPU certifications. Going forward, it is able to provide hardware-software integrated AI solutions suited to customer needs, helping them capture tremendous edge AI market opportunities.The eNeural teamPhoto: eNeuraleNeural's AI-Craft for ADAS and smart cockpit applicationsPhoto: eNeural
Friday 6 December 2024
Map-based matchmaking platform Tellit Now creates a triple-win situation for stores, micro-influencers, and consumers
Smartphones becoming an indispensable digital tool in our daily lives is driving flourishing developments of social media platforms and the influencer economy. This has changed the way businesses advertise. They have primarily been running ads with Google and Meta but are now increasingly working with influencers as a way to boost their revenue at physical stores. However, not every business can afford the cost of partnerships and agencies with top influencers. As such, the influencer economy transition has happened to shift to phase two wherein some businesses choose to partner with micro-influencers with a smaller follower count but higher engagement. Nevertheless, businesses looking to leverage micro-influencers might still find the back-and-forth communication tedious and time-consuming with traditional influencer matchmaking platforms. This remains a challenge that businesses attempting to harness the power of influencer marketing need to overcome.Tellit Now CEO Kai-Hsiang Yang commented that the back-and-forth communication with either top influencers or micro-influencers about the upfront cost, time, and campaign details can be a real hassle. Worse yet, something unexpected such as the influencer not showing up onsite could still happen. There are plenty of platforms on the market that manage micro-influencers, but they are unable to help eliminate all these problems. Tellit Now provides an automated software as a service (SaaS) that matches influencers with businesses in real-time with LBS. It simplifies the online marketing process and creates a win-win situation for both businesses and influencers, leading the influencer economy into phase three.Map-based exploration shortens the preparation processTo address the pain points of influencer marketing, Tellit Now has launched its unique SaaS platform for innovative social media word-of-mouth marketing that effectively connects businesses and content creators. It helps physical stores or brands leverage influential content creators to increase their visibility and revenue. Integrating all services, the Tellit Now platform enables one-stop management of everything on users' mobile phones, for example, allowing businesses to generate push notifications to advertise their needs, search for nearby content creators and process online payments.Yang explained that Tellit Now uses map-based exploration and works in connection with various social media such as Instagram. Using the map mode on the Tellit Now app, content creators can check in real-time whether a business in the vicinity needs influencer marketing and get information on the campaign budget and requirements. The content creator, if eligible, can choose to participate in the campaign. There is no need for cumbersome communication and confirmation. For businesses, all they have to do is enter their marketing budget and campaign details which will be broadcasted in the app. The system will allow interested influencers to browse this information. Compared to the traditional approach, Tellit Now significantly shortens the time it takes to kickstart a social media marketing campaign.Lowering the threshold for digital marketing and harnessing the power of influencersBefore founding Tellit Now, Yang worked for another startup that was based in Taiwan Tech Arena (TTA) so he was well aware of the startup ecosystem in Taiwan as well as all the services made available by TTA and accelerators. When establishing Tellit Now, he received help and guidance from Foodland Venture and food service industry consultants. He was also introduced to a number of venture capital firms. These have greatly benefitted Tellit Now's development. The startup is also considering applying for subsidies from the National Development Fund and the Ministry of Economic Affairs' Small Business Innovation Research (SBIR) program.According to Yang, although the influencer economy has been around for many years, many businesses lack marketing know-how and only care about views and ratings. With Tellit Now, not only do businesses have an easy-to-use digital marketing tool to increase their visibility, but they can also effectively shorten the time it takes to engage with influencers. Going forward, Tellit Now plans to incorporate CRM functionality and offer traffic analysis to further help businesses leverage digital tools to drive revenue growth.Tellit Now enables physical stores to easily start a marketing campaignPhoto: Tellit Now
Thursday 5 December 2024
Aegiverse's fiber optic gyroscopes for use in airplanes, drones, and underwater vehicles catch global attention
People today cannot live without their digital devices, especially, not without their GPS devices to help them navigate. However, GPS navigation has its limitations. For example, it does not work in tunnels or other areas with poor signal reception. To circumvent GPS navigation limitations, military weapon systems, aircraft, and large commercial drones are generally equipped with fiber optic gyroscopes (FOG) that are unaffected by environmental interferences. Combining inertial navigation and GPS navigation ensures that the aircraft stays on course and lands safely even without GPS signals.According to Aegiverse CEO Dr. Hung-Pin Chung, GPS navigation that many people are familiar with relies on satellites. When signal reception from satellites is blocked by buildings, it affects GPS precision or even causes GPS failure. A FOG calculates the rotation speed by measuring the phase difference caused by the rotation when light waves travel in a coil of optical fiber. Boasting superior precision and durability to traditional mechanical gyroscopes, FOGs, commercialized in the 1980s, have become important equipment used in military devices, aircraft, ships, and space probes for inertial navigation.However, conventional FOGs are bulky and costly. In view of this, many manufacturers are making efforts to develop next-generation FOGs that are smaller and cheaper. Aegiverse is among the few companies that have successfully achieved the goal. Its FOGs have entered commercialization and are being used in drones, underwater vehicles, and satellites.Multi-layered design realizes both footprint and cost reductionFounded in 2022, Aegiverse is a startup incubated by National Central University. Its in-house developed FOGs have been awarded multiple patents both at home and abroad. The Aegiverse team is completely capable of developing a product from concept to market. Aegiverse supplies FOGs and FOG inertial measurement units for use in mobility vehicles as an inertial attitude-sensing solution.Conventional FOGs are generally based on a discrete design integrating all functions. Such a design offers a complete range of functions but it also makes the product bulky and costly. In contrast, leveraging its experience and R&D strength, Aegiverse combined some function modules into a single chip and introduced a multi-layered FOG architecture. The approach allows Aegiverse to design circuit modules purpose-built for industrial, military, aerospace, and other applications. Not only does it effectively reduce the cost to replace an internal element but it also significantly slims down the product. As opposed to the round shape of conventional FOGs, Aegiverse's FOGs have a cubic shape and cost 50% to 70% less, making them extremely competitive on the market. Comprehensive customization services are also available.Foraying into the U.S. and India, Aegiverse looks for multi-sector partnership opportunitiesThe first-generation FOG that Aegiverse brought to existence was as big as a tabletop. With mechanical engineering specialists joining the team, Aegiverse was able to scale down the product to its marketable size today, allowing Aegiverse to secure more partnership deals. So far the company has more than 20 patents or patent applications and is working with partners to deploy its products in drones, submarines, and satellites.Dr. Chung co-founded Polaris Photonics with several industry veterans in 2016. In reminiscence of the experience, he said Taiwan's startup environment was more conservative at that time. Startups generally did not pursue angel investment, which was a big challenge to them. Taiwan's startup scene has significantly improved now with support from the National Development Fund and a large increase in the ratio of venture capital firms joining A-round financing. Aegiverse's application for the Ministry of Economic Affairs' Proof of Business (POB) program and participation at multiple Taiwan Tech Arena (TTA) events proved to be beneficial to the company's development.Going forward, Aegiverse will actively expand into the US and India while staying committed to the ext-generation product R&D. It plans to introduce a FOG that is the size of a business card and expects to grab market shares with the product.Aegiverse's GP series FOGsThe Aegiverse team conducting a flight test
Wednesday 4 December 2024
Meco Technology targets self-pay healthcare market with three innovative solutions
Taiwan's national health insurance system is well known in the world for its unparalleled quality and services. It allows equal access to healthcare for all citizens. Even the economically disadvantaged enjoy comprehensive coverage and need not worry about unaffordable medical bills. However, national health insurance budget constraints limit the scope of medical services that can be made available to patients. For example, if a patient is diagnosed as requiring rehabilitation or physical therapy, the national health insurance system covers up to six follow-up therapy sessions with only an NT$50 self-payment for each session. Due to limited resources, each therapy session may be short and ineffective in relieving the patient's affliction amid the lack of a tailored one-on-one care plan. Patients therefore end up seeking self-pay treatment solutions.According to Meco Technology Chairman Joseph Chang, muscle or joint pain can mostly be treated with a series of well-planned rehabilitation or physical therapies and without the need for surgeries. However, this is hardly achieved with the current national insurance coverage. In fact, many physical therapy clinics now offer self-pay services but most of them do not provide comprehensive care plans that include physicians, physical therapists, and athletic trainers to alleviate patients' pain. Meco Technology was founded with the aim to provide patients needing self-pay physical therapies with a comprehensive treatment plan that makes their musculoskeletal pain go away.A team of diverse talent targets the self-pay healthcare marketEstablished in 2019, Meco Technology is dedicated to providing services including medical consultation, business operation, integrated marketing, and digital healthcare solution development. Combining the capabilities to operate a business and develop technologies, Meco Technology aims to introduce innovative breakthroughs to the medical sector. The Meco Technology team comprises over 130 physical therapists, 15 medical specialists, and over 50 exercise coaches, allowing it to provide all-in-one physical therapy treatments and optimized healthcare services to self-paying patients.Chang noted that there are three pillars to Meco Technology's business operation - AI Care, which provides self-pay physical therapy treatments; healthcare information systems (HIS) and customer relationship management (CRM) systems designed for franchise self-pay clinics; Youdon, which is a smart physical therapy platform offering a home exercise treatment app and prescription system. AI Care operates pain treatment clinics and physical therapy clinics with a comprehensive and innovative muscle and joint pain treatment model. Already running 11 physical therapy clinics and two pain treatment clinics as of 2023, it plans to increase its number of physical therapy clinics to 26 and pain treatment clinics to four by year-end 2024.More and more healthcare institutions are exerting efforts toward self-paying patients. In view of this, Meco Technology offers HIS solutions to such institutions. Its HIS solutions can connect with CRM tools and official Line accounts to help healthcare institutions manage customer data, find target audiences using filters, and achieve digital transformation goals.The biggest problem hindering the effectiveness of physical therapies is that patients do not follow doctor's orders and do at-home rehab exercises. The Youdon smart physical therapy platform can work with the AI Care system and provide more than 1,500+ videos for users to continue doing rehab exercises at home, enabling extended rehabilitation effects.Meco Technology makes all-out efforts to add branch offices in Taiwan while expanding its app services to markets abroadMeco Technology may be a young startup, but each of its founders has more than 20 years of experience in healthcare. Not only are they keen on market trends, but they are also well aware of hospitals' pain points and patients' needs. In the early-stage development, the company chose to work with BE Accelerator, which helped boost its revenue performance, accelerate the expansion of branch offices, and secure funding from two venture capital firms, allowing it to maintain steady and healthy growth.Chang commented that in 2024, apart from establishing a base in Startup Terrace Kaohsiung, Meco Technology was also awarded a project by the Industrial Development Administration, Ministry of Economic Affairs, which will benefit the company's long-term development. Moreover, thanks to the assistance from Taiwan Tech Arena (TTA) and BE Accelerator, Meco Technology will have several branch offices in operation in central and southern Taiwan this year and enter into partnerships with multiple medical universities. It is hoped that by exerting efforts through a diversity of channels, Meco Technology will secure a share of the enormous self-pay healthcare market in Taiwan. On top of that, it also plans to introduce Youdon to Indonesia, Singapore, and other overseas markets so as to build a solid foundation for the company's long-term development.Grand opening of AI Care Linkou officePhoto: Meco TechnologyAI rehabilitation equipmentPhoto: Meco Technology
Wednesday 11 September 2024
BROADSIMS builds a healthcare ecosystem and optimizes healthcare efficiency with a 5G smart patient monitoring solution
Precise and complete physiological parameter monitoring plays a vital role in affecting the outcome of medical care and diagnosis.Medical institutions today use a variety of physiological monitoring devices. Without a way to integrate these devices, it is difficult to centrally manage patients' physiological data and this puts a burden on healthcare professionals.To address this, combining traditional physiological parameter monitoring and advanced ICT technologies, BROADSIMS introduces a 5G patient monitoring system featuring multiple physiological parameter sensors and connectivity with all kinds of medical applications and third-party devices. BROADSIMS' solution can significantly improve medical care efficiency and diagnostic accuracy.A synergy between traditional patient monitoring and ICT technologies improves medical care efficiency and diagnostic accuracyAccording to BROADSIMS founder and CEO Dr. Bruce Yu, a recent key trend for the healthcare industry is to develop smarter and higher-performance devices through the integration of ICT technologies with traditional medical devices as a way to improve medical care efficiency and optimize patient experience. In line with the trend, BROADSIMS applied its core strength and expanded physiological monitors commonly seen at hospitals into a smart platform that integrates a wide range of solutions from the healthcare ecosystem.BROADSIMS' 5G multi-parameter patient monitoring system checks basic physiological signals such as ECG, blood pressure, blood oxygen, and respiratory rate like traditional monitoring devices, and more importantly, it also supports all types of medical apps and third-party hardware through an open platform, allowing one device to monitor multiple physiological signals. Yu added that the system is like a smartphone for medical care. Not only does it have robust fundamental monitoring capabilities but it also features software and hardware expandability to accommodate the wide-ranging needs of different healthcare use scenarios. Healthcare professionals will greatly benefit from BROADSIMS' innovation, said Yu. They will be able to monitor multiple physiological parameters on a central platform and no longer need to operate several individual devices just to measure and track a patient's physical condition. Physicians have simultaneous access to a patient's complete physiological data, enabling them to make the right diagnosis.On top of healthcare efficiency improvement, BROADSIMS' 5G multi-parameter patient monitoring system also benefits physiological monitoring device manufacturers. Yu explained that single-feature medical device manufacturers face fierce competition. Even if their devices have been certified, they still struggle to overcome market entry barriers. By integrating with BROADSIMS' solution, the data collected by their devices can realize greater value, giving them another chance to penetrate medical institutions. Taiwan's positive startup environment supports BROADSIMS' global expansion while its open platform strategy expands application scenarios Yu revealed that BROADSIMS' ecosystem strategy has generated positive results. The company has actively engaged with ultrasound and video equipment makers for hardware integration on its open platform.It has also introduced a platform development kit (PDK) for use by medical research and academic institutions around the world to develop new applications. With close collaborations with global manufacturers as well as medical research and academic institutions, BROADSIMS continues to expand the scale and diversity of its ecosystem, hoping to start a positive cycle attracting more partners to get on board.BROADSIMS' 5G multi-parameter patient monitoring system was put to clinical use at NTU Hospital and Taichung Veterans General Hospital in 2021 and 2022. It officially passed medical device certification in May 2024 and entered the market.Close to half of the medical centers in Taiwan now use BROADSIMS' 5G multi-parameter patient monitoring system to optimize their healthcare efficiency. For example, Taichung Veterans General Hospital combines the system with mobile communication to continuously monitor the conditions of patients during transit and send the data back to the hospital.This significantly raises emergency care efficiency and patient safety. The solution also meets the needs of the home critical care program the Taiwan government is actively promoting. It enables the same quality of healthcare outside the hospital setting. Aside from Taiwan, BROADSIMS is applying for medical device certification in Southeast Asia and Europe while exerting efforts toward the US and other overseas markets.Looking back at the process of developing and bringing the system to market, Yu attributed the success to the BROADSIMS team's effort. He also considered Taiwan's startup environment and TTA's support critical in helping BROADSIMS secure a foothold in the market.Yu pointed out that with a multitude of accelerators and support programs, Taiwan's startup ecosystem is growing mature. As an important resource provider, TTA incubates startups by offering them opportunities to participate in international exhibitions and bridging them with mentors, media, prospective customers, and investors.Going forward, BROADSIMS will continue to expand its ecosystem and engage with more partners with its open platform strategy and PDK. Furthermore, it will actively strengthen its collaborations with medical institutions, hoping its robust technological capability coupled with the innovative application model will create a win-win situation for hospitals and patients.
Tuesday 10 September 2024
Colega AI is revolutionizing social media management for F&B owners
For most consumers today, checking online content to decide whether to visit a restaurant has become a usual practice. Therefore, one of the most challenging tasks for restaurant owners might not be serving delicious signature dishes, but rather putting effort and time into managing social media platforms to attract potential guests' attention and encourage them to walk through their restaurants' doors.As a third-generation family member in the restaurant business, Eric Fung deeply understands restaurant owners' pain points. Drawing on 15 years of experience in the tech industry in Silicon Valley and his entrepreneurial spirit, he founded Colega AI with partners, and leverages AI technology to provide solutions that help restaurant owners easily manage social media platforms and create promotional content. Starting with Taiwan as the base, the startup is gaining growth support from TTA and SparkLabs Taiwan, and achieving some success in the market."I've been in the AI industry since 2018, and we've seen so much progression in AI, especially with ChatGPT coming out and all those technologies." Eric, the Co-founder & CEO of Colega AI, said, "I'd like to see how I can combine my knowledge in AI and apply it to Industries that still need to be innovative and catch up to modern technology, and what better industry than the industry that I grew up in?"According to Eric's observations and experience, most restaurant operators do not understand new technologies or think it will be quite difficult to learn how to use them, particularly small and medium-sized businesses with tight human resources. Therefore, his philosophy is to provide AI tools that are easy to use even for those who do not know technology, allowing restaurant owners to focus on what they do best: providing delicious food and a welcoming atmosphere for their guests.Colega AI's users don't need to know programming or go through the cumbersome process of registering, obtaining an account, and filling out numerous forms. They just need to connect with Colega via instant messenger like LINE or WhatsApp, link their social media accounts, and gain an exclusive 24/7 Social Media Manager who creates engaging content to attract online attention for their restaurant.Building exclusive AI model for the F&B industryOf course, the effort and technical expertise required to create such a simple and user-friendly tool is beyond what the end users can imagine. In creating an AI assistant specifically for restaurant owners, Colega chose open-source large language models as the foundation and retrained them with the datasets collected by themselves. During the initial launch phase of Colega's service, they also did extensive manual work on the model fine-tuning to ensure the correct and fluent language they provide, especially the Traditional Chinese used in Taiwan."We take a very careful approach to train our AI model, it's because we want our AI-powered social media manager to be like you're essentially talking to a Taiwanese person." Eric explained, "So everything we do revolves around that. One of the big features that Colega AI can do is proactively tell you, give you ideas or suggestions of what to post, and the data sources come from what's happening around you in Taiwan."For example, if an international superstar recently came to Taiwan, Colega's users will get a message and give suggestions to create a post to capitalize on this hot topic. "So, we have to understand the local events and trends, even the weather. When it comes down to language, we don't just do a lot of manual work at the moment to make sure that the tone, slang, and phrases or grammar are consistent with the everyday language used by people in Taiwan. We can also learn the users' habitual expressions and preferences from their social media posts to create personalized content for them. It takes a lot of work, but we plan to apply this standard and approach to every international market we enter. It's about respecting each country's nuances," Eric added.Establishing a foothold and expanding to broader marketsColega AI is still in a very early stage. The team is currently gaining experience and continuously improving service quality through close collaboration with both independent restaurants and restaurant chains based in Taiwan. According to Eric, Colega AI offers its services through a monthly or annual subscription. In addition to providing suggestions for social media content posts, the company can also offer customized reports on post engagement and follower analysis. This allows F&B operators to gain valuable insights into how social media tools can help their business.Currently, Colega AI's services are already operating in Taiwan and the United States through LINE and WhatsApp. The startup also plans to enter Japan, where social media marketing and LINE usage are prevalent, and they have already received ongoing interest from restaurants there and across Asia. As for other industries beyond the F&B business that also need social media management, Eric mentioned that while Colega AI hopes to serve a broader market, building datasets and training custom models for specific industries is a demanding task. Therefore, the team will first focus on the areas they are familiar with, and establish a solid foothold before considering longer-term future developments.
Monday 9 September 2024
DROXO introduces intelligent storage tank maintenance solutions targeting worldwide markets
Semiconductor process technology advancements have enabled extreme miniaturization of electronic devices. Coupled with battery technology breakthroughs and AI algorithm maturity, these developments have given rise to increasing popularity of unmanned vehicles. In particular, the market of unmanned aerial vehicles is of the largest scale.According to the Association for Uncrewed Vehicle Systems International (AUVSI), the global unmanned aerial vehicle (UAV) or drone market is projected to reach US$140 billion in ten years. Aside from drones, unmanned vehicles are being designed and used for a wide range of application scenarios. For example, governments around the world are investing into autonomous driving vehicles as part of their efforts to improve public transportation. Automated guided vehicles (AGV) are also widely used at warehouses and factories to raise efficiency and reduce labor costs.DROXO CEO Chun Lin Liu noted that drones are used to do many things, for example, spraying pesticides, shooting videos and delivering packages. There have been a multitude of successful use cases. However, drones have limitations such as inability to navigate confined spaces. For the routine maintenance or repair of industrial equipment made of carbon steel such as petrochemical storage tanks, large vessels and wind turbines, purpose-built unmanned vehicle solutions are required.This market segment currently does not offer a lot of choices. Existing solutions are mostly provided by foreign device suppliers and generally do not deliver satisfactory results. DROXO is among the few suppliers capable of providing complete smart storage tank maintenance solutions. Its products have been used to successfully address customer needs in Taiwan. DROXO is also in talks with overseas partners to expand its footprint worldwide.DROXO builds special-purpose solutions to overcome challenges in large storage tank maintenanceStarting out its business developing drone technologies, DROXO chose to endeavor on agriculture drones with a lower entry barrier when it was first established in 2019. It was able to commercialize its agriculture drones and made significant progress within a short period of time. On the foundation, DROXO independently developed wall-climbing intelligent vehicles which received the Ministry of Economic Affairs' Business Startup Award - Innovative Traditional Industry Category 2023.On the basis of the outstanding achievements, DROXO continues to fulfill customer needs by integrating all types of sensors, mechanical designs and automation accessories while staying committed to technological advancements and innovations. On top of that, DROXO leverages its robust hardware mechanical design and software/firmware development capabilities accumulated over time to develop smart vehicles for industrial applications. Not only has DROXO had its R&D results validated but it has also mastered critical technologies.According to Liu, DROXO's wall-climbing intelligent vehicles enable the maintenance work on storage tanks to be performed without the need for scaffolding. Leading chemical suppliers have approached DROXO for the labor cost savings its solutions can bring when they are used to inspect or service large storage tanks. Multiple leading Taiwan-based manufacturers including China Steel, LCY Chemical and Chang Chun Chemical have adopted DROXO's solutions for the purpose of eliminating the risks and uncertainties when using human workers to service or inspect storage tanks.AAROW series of storage tank maintenance solutions. Credit: DROXOForaying into Japan and the Middle East, DROXO taps immense maintenance opportunitiesDROXO has recently introduced a whole-new and complete range of intelligent storage tank maintenance solutions, including AAAROW Scan, AAROW Blast, AAROW Coater and AAROW DECK. Among them, AAROW Scan adheres to the tank wall using neodymium magnets and checks the wall and coating thickness with non-destructive inspection equipment. The inspection results are presented in 3D visualization on ARROW DECK. DROXO's unique product received the 2024 Taiwan Excellence Silver Award.Liu commented that the traditional approach of using human workers to perform storage tank maintenance is very risky. First of all, workers might fall from a scaffold or inhale harmful fumes when doing coating. Furthermore, workers manually measuring tank wall thickness might make mistakes and fail to discover weak spots that will soon crack. The traditional approach also does not allow manufacturers to build 3D models of the tank. Each one of these challenges can be addressed with DROXO's intelligent storage tank maintenance solutions. DROXO operates by providing services instead of selling products. Apart from Taiwan, it is also working with partners in Singapore, Japan and the Middle East to provide services in the local markets.DROXO has focused efforts on technology R&D. Thanks to the assistance from flyingV, stationed in TTA, not only is DROXO able to strengthen its financial planning and business operation skills, but it also gained access to funding from venture capital firms, allowing it to secure market presence in the competitive unmanned vehicle sector.
Friday 6 September 2024
Combining blockchain and e-ticket technologies, 3T GDS helps Taiwan's service industry capture global business opportunities
In the face of growingly intense market competition, companies began to sell gift cards or vouchers decades ago to maintain steady growth.This approach allows them to get paid in advance while encouraging consumer spending. Today almost every consumer has a mobile device so electronic vouchers or tickets are replacing the printed version to become the mainstream.Especially when COVID-19 gave rise to zero-contact shopping, e-vouchers became something that consumers preferred. Seeing that e-vouchers might be susceptible to cybercrime, more and more vendors now integrate blockchain with e-voucher systems and expand their business footprint into the global market.Two groups of vendors combine blockchain with e-vouchers. The first group comprises blockchain startups. They generally don't know the industry well enough to win the favor of international sales channel operators. The second group comprises the original distributors of printed vouchers.They generally work with ICT solution providers but they may not be technically proficient enough to communicate with their ICT partners. 3T GDS is among the very few vendors that have the experience and technical caliber to integrate blockchain with e-vouchers. It was recognized and funded by the Small Business Innovation Research (SBIR) program in 2022.According to 3T GDS CEO Eric Ko, blockchain enables traceability, immutability, and irreversibility. It has been widely used across a diversity of fields. Blockchain integrated with e-voucher systems prevents fraudulent use of e-vouchers and protects consumers and businesses.The security feature will undoubtedly attract partnership opportunities. Safeguarding e-vouchers with blockchain will also help companies expand their footprint globally as overseas consumers can rest assured that their purchase and use of the e-vouchers are protected against cybercrime. This is what distinguishes 3T GDS from the other e-voucher platform vendors.3T GDS offers more than 5,000 electronic commodities with its global network of 15 channel partnersAs consumers increasingly opting for e-vouchers gives rise to the rapid growth of the e-voucher market, 3T GSD, a startup founded in 2020, endeavors to realize borderless living with digital assets and tourism banking solutions. Leveraging the popular blockchain technology on top of the team's 20 years of experience, 3T GDS brought together cross-border service providers and formed a big league of international e-voucher suppliers.3T GDS's team of seasoned experts has built a global e-voucher purchase and sales platform providing travel commodity trust and reservation services, aiming to deliver higher quality service and stronger guarantees for every aspect of the travel experience. The company currently operates the 3TEZ online ticket point-of-sale platform, the 3TET e-voucher shopping site, the 3T GDS global distribution system, and the 3T GDS CRM distribution management platform. In collaborations with Trip.com, Ctrip.com, Alibaba, ezTravel, and a slew of other internationally known channels, 3T GDS helps them accelerate the distribution and preservation of electronic tickets or vouchers.According to Ko, not only does 3T GDS enable cross-border merchants to manage their inventory on all international channels, but it also helps them digitize their commodities or services and make them available on all international channels. It consolidates all the orders from the international channels and provides them to the merchant so that the merchant does not have to worry about exchange rates and cross-border payment clearing issues. 3T GDS is currently in partnership with more than 35 channel operators, marketing over 8,000 commodities in Taiwan and over 5,000 commodities abroad.Successfully foraying into Singapore, 3T GDS signed an agreement with a prestigious banking groupDespite the widespread popularity of e-vouchers around the world, only Taiwan and Japan have a complete system to regulate e-voucher execution to protect consumers from fraudulent bankruptcy. 3T GDS learns from the system and has signed an agreement to work with a Singaporean banking group to provide escrow services for e-vouchers, creating a multi-win situation for merchants, consumers, platform operators, and financial institutions.Ko noted that without laws and regulations in place, there have been incidents in Singapore where e-voucher sellers went out of business maliciously and consumers demanded financial institutions for refunds. In view of this, when expanding into Singapore, 3T GDS signed escrow agreements with financial institutions and merchants to safeguard against such incidents. The Singaporean banking group therefore quickly agreed to the partnership with 3T GDS.Thanks to the assistance from Foodland Ventures, based in TTA, 3T GDS was able to add many partners in the food service sector, helping them issue e-vouchers and unlock new revenue streams. Going forward, 3T GDS plans to work with TTA and Foodland Ventures to keep expanding OTA, EC, social media, and payment channels in different countries as part of its efforts to build a solid foundation for long-term growth.
Thursday 5 September 2024
Pilatus Biosciences makes breakthroughs in immunotherapy, demonstrating remarkable effectiveness in treating cancers with unmet medical needs
In recent decades, cancer immunotherapy, which harnesses the power of the host's immune system to eliminate cancer cells, has marked a significant advancement in cancer treatment. This approach offers a more precise and personalized therapeutic option compared to traditional chemotherapy and targeted therapies.However, emerging evidence indicates that the metabolic dysregulation within cancer cells creates physiological conditions in tumors that suppress anti-tumor immunity by reprogramming the tumor microenvironment (TME) to be more immunosuppressive. This challenge hampers the effectiveness of cancer immunotherapy, highlighting the importance of targeting immunometabolism—ushering in a new chapter for cancer treatment.Metabolism is a core process underlying essentially all biological functions. The integration of metabolism with immunity, known as immunometabolism, is at the forefront of immunology research, as it continues to transform the field.Given its novelty and potential in cancer immunotherapy, immunometabolism is garnering increasing attention from the global medical and biotechnological industries. According to Raven Lin, co-founder and CEO of Pilatus Biosciences, cancer cells predominantly consume essential nutrients and produce harmful metabolic waste, thereby altering immune responses within the TME.By dissecting immunometabolism, we can understand how the interplay between immunology and metabolism impacts the functions of T cells and other immune cells. This understanding can lead to the development of innovative treatments aimed at reprogramming the TME and enhancing the effectiveness of immunotherapy.Pilatus Biosciences is advancing preclinical studies and translational medical research in the field of immunometabolism at globally renowned research institutions and medical centers. The company has also developed multiple pipelines aimed at creating innovative treatments that target immunometabolism.Unveiling outstanding PLT012 preclinical resultsFounded by Prof. Ping-Chih Ho and Dr. Raven Lin at the Ludwig Cancer Research (Lausanne), Pilatus Biosciences pioneers the development of first-in-class biologics targeting metabolic checkpoints. These cutting-edge innovations aim to advance cancer immunotherapy and tackle the current challenges in cancer treatment. The Pilatus Biosciences team boasts extensive knowledge and experience in immunology, oncology, and biotechnology, providing a solid foundation for its biologics research and development. Continuing to push the frontiers of cancer medicine, Pilatus Biosciences is committed to delivering more effective and safer treatment options to conquer cancer's greatest challenges.Pilatus Biosciences' first groundbreaking antibody, PLT012, was developed to block CD36-mediated fatty acid uptake, driving immunometabolic reprogramming in the TME. This leads to remarkable anti-tumor efficacy and inhibits the growth and spread of cancer cells. Pilatus Biosciences has presented preclinical proof-of-concept data of PLT012, particularly in the context of liver and colon cancer, at several international medical conferences.As a leading research group in immunometabolism, Prof. Ping-Chih Ho, co-founder of Pilatus Biosciences, focuses on studying how immune cells' metabolic adaptations are regulated or modulated in response to the tumor microenvironment. Prof. Ho's in-depth research on T cell metabolism in the tumor microenvironment has laid a solid foundation for Pilatus Biosciences' development of innovative immunotherapy and played a critical role in Pilatus Biosciences' remarkable achievements.Three major bottlenecks in today's immunotherapy are: (1) exhaustion and dysfunction of anti-tumor immune cells, (2) immunosuppression within the tumor microenvironment, and (3) the challenge of selectively activating anti-tumor immune cells without affecting systemic immunity in the body. Pilatus Biosciences' PLT012 addresses these issues by blocking CD36-mediated fatty acid uptake. This immunometabolic mechanism selectively activates anti-tumor immune cells and reduces immunosuppression, effectively overcoming the current limitations of immunotherapy. Credit: Pilatus BiosciencesPilatus Biosciences establishes a Subsidiary in Taiwan to strengthen R&D and fundraising effortsLeveraging its strong expertise in immunometabolism research, Pilatus Biosciences further works with a renowned European cancer center to establish an ex-vivo patient sample culture platform. This platform retains the tumor microenvironment and cell populations of patients' cancer tissues, enabling efficacy assessment across various cancers.As part of its strategy to enhance R&D capabilities, Pilatus Biosciences plans to build a lab in Taiwan starting in July 2024. Pilatus Biosciences' endeavors not only provide more precise data for personalized medical care but also facilitate the selection of indications and biomarkers during biologics development. This approach can significantly reduce the risks of biologics development while greatly benefiting the advances of personalized medical care.According to Lin, Taiwan has cultivated a comprehensive industry ecosystem for pharmaceutical industry from translational research disease model, manufacturing, pre-clinical testing, and clinical development, gradually establishing itself as a global leader in this field. To accelerate its development, in 2023, Pilatus Biosciences partnered with Mosaic Venture Labs, a startup accelerator based in TTA.This collaboration aims to leverage Mosaic Venture Labs' influence and resources in the Asia-Pacific region to drive the company's growth and advancement through every stage of R&D. Pilatus Biosciences is now collaborating with multiple Taiwan-based research institutions and aims to build a strong and agile operation team in Taiwan that will connect with the global research community.Phase-one human clinical trials for PLT012 in Taiwan and the US are scheduled to begin in early 2025. Mosaic Venture Labs is assisting Pilatus Biosciences in a round of funding aimed at raising US$10 million. The startup accelerator's network of biotech venture capital partners in Taiwan will help Pilatus Biosciences build up a solid foundation for its subsequent development. Hopefully, all these efforts will enable Pilatus Biosciences to present more treatment options and opportunities for patients through its biologics development achievements.