Rosenics Technologies’ Future Throttle Event Unveils Deep Tech Startups
Rosenics Technologies’ Future Throttle event unveils deep tech startups
Delivery drones, electric cargo vans, and an app that detects asphyxia in newborns were just a few of the innovations unveiled at the Future Throttle event hosted by Rosenics Technologies on Friday, July 31, 2021. The event featured innovative solutions developed by Africans for Africans.
Rosenics Technologies is a Nigeria-based startup that leverages deep technology to develop products and innovations that help other businesses scale their operations. The company is currently concentrating on the development of drones for use in logistics applications.
The event was also sponsored by Betascale, a fintech company based in the United States, and Brownpay, a remittance company based in Ukraine.
Ugi During the event's kick-off, Augustine Ugi, CEO of Nugitech, an ICT solutions company, stated that the goal of the Future Throttle event was to demonstrate and discuss how technology can be advanced in Africa. “Basically, it's about how we can drive deep technology forward while also reversing the policies that are currently in place. Nigeria is bursting at the seams with talent, with individuals who are driven by a desire to innovate.”
He goes on to say that events such as Future Throttle create the possibility for Nigeria, and Africa as a whole, to harness the talents that it possesses and begin to export world-class technology that will benefit the economy.
Logistics and the power of deep tech
“Technology is the past, the present, and the future,” says the author. These were the words of David Edet, director of Rosenics Technologies, as he discussed the significance of deep technologies and why they are at the heart of technological advancements and advancements.
As defined by Edet, deep technology companies design and develop technological products that are not aimed at end users. Deep technology, which includes drones, quantum computing, biotechnology, and blockchain, is used to solve complex problems.
While many technologies today are geared toward the end-user, deep technologies are not typically found in everyday technological products. Take, for instance, "a new device that detects cancerous cells."
Deep technologies, on the other hand, are extraordinarily difficult to scale. Edet points out that deep technology is frequently based on hardware. Creating hardware products, as opposed to software products, presents its own set of challenges. It is difficult to transition from the concept stage to the finished product.
Funding is a major challenge in the deep tech industry, and it is in addition to the difficulties associated with relocation. Edet acknowledges that, despite the fact that a significant amount of money is being invested in space exploration, it is still insufficient.
Powering logistics and transportation with deep tech
Edet reiterates the sentiments of Sandra Bakare, Co-founder of Rosenics Technologies, by stating that transportation is the future and that deep technology will be a game changer in the industry. There is a constant need to move, whether it is people or goods. Moving is a necessity.
Increasing competitive advantage and delivery speed are driving numerous breakthroughs in logistics technology, according to the authors.
Among the numerous breakthroughs in using drones to circumvent the difficulties associated with logistics in Africa is Rosenics Technologies, which is at the forefront of these numerous breakthroughs.
According to Edet, drone technology has progressed beyond its original purpose as a weapon of war and has been reimagined by innovators to make logistics more efficient. “If drones can be used in warfare, they can be used in a variety of other applications ranging from retail to delivery.”
He pointed out that security is a significant barrier to logistics, and that drones can easily overcome this obstacle. Drones can alleviate the anxiety associated with delivering goods to some of the country's most insecure regions.
“In order for us to be able to navigate the logistics sector, even in the face of the insecurity challenges that plague us, we must consider using drones to deliver what we want.”
He acknowledges, however, that while drones may not be capable of delivering heavy equipment, they can play a significant role in the delivery of essentials such as clothing, food, and medicines to people in need.
Drones can also be used to deliver goods to hard-to-reach areas and the eCommerce industry. Edet describes a scenario in which parcels from Konga and Jumia are delivered by drones, thereby speeding up the delivery process for the customers.
Drones have the potential to become an integral part of logistics in the future, giving Africa's eCommerce a competitive advantage that allows it to reach previously unimaginable heights.
The conclusion of David Edet's presentation provided an opportunity for startups to demonstrate their innovative technology products.
JET EV
In the opening presentation, Rupani Sanjay, Director of Sales and Marketing at JET Motors, and Ebuka Uchendu, Technical Lead at JET EV, introduced the company and its products. During their presentation, the duo explained how JET electric vehicles (EV) work and the significant impact they will have on transportation in Africa.
As Sanjay puts it, JET Motors is "accelerating Africa's dominance in the future of mobility." JET Motors is a subsidiary of the JET Group. The company, which was established in 2018, is dedicated to the development of high-quality mass transit vehicles for the country's 96 percent of the population, which is reliant on road transportation.
This vehicle not only provides Nigerians with high-quality road transportation, but it also eliminates the need for expensive upkeep and gasoline. Uchendu claims that the JET EV has the best batteries for electric vehicles, with a capacity of 107.6kwh, giving it a driving range of 250km. Uchendu also claims that the JET EV has the best batteries for electric vehicles.
The electric vehicle not only saves money on maintenance, but it also plays an important role in protecting the environment because it emits no carbon dioxide.
Ubenwa
Confidence Idionye presented Ubenwa, an app powered by artificial intelligence that provides hope to newborns.
Ubenwa is working to save newborn babies from asphyxia, a condition that, according to Idionye, claims the lives of 1.2 million infants every year in the United States.
He points out that the deadly condition can be detected by a machine, which is why expensive hospitals in Nigeria can only afford to treat a few patients at a time. The absence of high-end machines almost always results in mothers weeping over their newborns.
When a baby is born with asphyxia, it is difficult for him or her to establish proper respiration.
The Ubenwa app provides a straightforward but brilliant solution to this problem. The app, which is powered by artificial intelligence, detects asphyxia by listening to the baby's cry.
When translated into the Igbo language, Ubenwa means "baby cry." By shedding tears for babies, she is giving them reason to be hopeful.
Lawyerpp
While Ubenwa saves babies from asphyxia, Endurance Agbor introduces Lawyerpp, a tool that protects people from being victimized by the law.
Lawyerpp is an app that assists lawyers in running virtual law firms and, in some cases, assists people in finding a lawyer to represent them when they are in need of representation.
One of the most interesting, and perhaps most important, features of the app is the panic button, which can be found on the home screen. When they get into trouble, the button sends out an alert to their friends, families, and even individual attorneys.
A widget is also included, which constantly updates the user's location and provides audio of the surrounding environment.
The significance of the app was brought to light when individuals shared recommendations for it on social media prior to the protests on June 12, 2021.
As Agbor points out, there are a variety of scenarios in which Lawyerpp could prove to be a lifesaver in Nigeria.
OneWattSolar
In her presentation, Femi Oye talked about OneWattSolar, which is a company that is collaborating with a number of other companies to bring renewable energy to every part of Africa.
Interestingly, the company is employing Blockchain technology to develop software that can both aggravate and enable scalability in the delivery of electricity.
According to Oye, OnewattSolar is “approaching Africa's power problem with an Africa-made solution.” OnewattSolar is a solar energy company based in Nigeria.
Chioma and Kike are two new products from the company, both of which are software and hardware products that allow users to monitor their energy consumption in real time.
Meanwhile, Kenechuckwu Osuji, an attorney with Jaden Attorneys, spoke about the process of starting a business and the legal steps to take after the demo session was completed.
Osuji explains the various options for business incorporation that should be considered in order to avoid breaking the law.
During the panel discussion, he expresses his enthusiasm for working and doing business in Nigeria, claiming that he is more relevant in the country than elsewhere.
Osuji would not be able to run his business anywhere else if he were an idiot. Ugi and Agbor, on the other hand, were wary of doing business in Nigeria because of the country's corruption. Both were less than enthusiastic about doing business in Nigeria, whether it was because of security or regulations.
Augustine Francis, the founder of Rosenics Technologies, concludes by stating that Nigeria, and Africa as a whole, is only scratching the surface when it comes to deep technology and the Blockchain.
While Rosenics Technologies is a drone capable of delivering packages, Augustine believes that the business structure that underpins the product is what is most important.
According to him, “with the plans we've laid out for the next couple of months, including making some of our technology open-source and creating a community around those technologies, as well as having the right relationship with regulators and having the right cashflow,” a larger deployment is likely.
Mr. Augustine reiterates that one of the plans his company has for Nigeria is the use of drone logistics, with a particular emphasis on the fashion, food, and retail industries.
“The goal is not to build drones that fly; rather, the goal is to build a business execution strategy,” says the author.
It's possible that we'll be getting our pizza delivered by drone in the next few months.
