Musicoin at HAX Hardware Trends 2017 in San Francisco

Musicoin on a Mission

The Musicoin.org Foundation ($MUSIC) visited Galvanize start up space in the heart of San Francisco for a meetup at hardware incubator HAX event Hardware Trends 2017. We went to meet investors, developers, and talk about Musicoin's mission.

Galvanized to Do Big Things

There is a lot going on at Galvanize SF. Co-working tech spaces are all over San Francisco, and this one stands out as lively. A full service coffee bar, open collaboration tables, and of course cleverly named meeting rooms. Innovators of all ages and backgrounds coming together to do big things. You can feel the energy.

HAX Welcomes You to the Age of AIoT (A.I. on Things)

HAX is the world's most active accelerator and seed investor for connected hardware startups ('apps on things'). They hosted their annual 'Hardware Trends' conference in San Francisco on June 22 (Thursday).

Here is what we saw:Ecosystem Overview - Funding, M&A, IPOs, etc...Trends - Blockchain IOT, artificial intelligence, crowd-equity financing, etc...Startups - Preview of current batch, successes and failures, etc...

Emerging Trends:Consumers - More personalized, specialized, adaptiveHealth - Beyond tracking to protect, prevent & healEnterprise - Welcome robots, investments and buying startupsIndustrial - Transforms with sensors & machine learningChina - More local (and soon global) championsBeyond VC - Alternatives to emerge for hardware startups

HAX invests in four segments of innovation.Consumer, Health, Enterprise, & Industrial. This allows them to spot emerging trends within each vertical and incubate innovative companies.

Consumer Hardware is Best Crowdfunded

We saw examples like Trainerbot, Mousr,Voltera, & Flicktek.

Many have used crowdfunding to get their project launched. HAX stressed that this is still the model of choice for consumer devices. It builds excitement, fans, and a brand before you launch.

Proactive Health is Disruptive to Pharma

Many startups are moving beyond tracking and into preventative tech. Smart device companies like Beam are actually becoming insurance companies. Able to offer cheaper rates based on the data they collect. Insurance companies found it hard to collect this data, but smart device companies are uniquely positioned here to offer unique services like this to it's customers.

Enterprises Will Continue to Automate

Companies at the enterprise level will continue to invest in robots and automate. Continuing to buy start up companies that improve efficiency to ensure their competitors can't compete. Consolidation and acquisitions will continue.

Delivery systems will continue to see the majority of innovation, as the biggest productivity gains can be made here. Delivery of goods and services are a big part of economies around the world. This will effect unemployment numbers, but companies and investors will save companies money.

Sensors Help Maximize Industrial Revenue

Startups like Amber Agriculture can help reduce costs by sensing important data on their crops, which can vastly increase efficiency in delivery and planning.

Consumer and city farming startups never really caught on despite heavy investment. The biggest gains are being maid in the vertical farming space where the biggest costs can be cut, and much of the work automated by expensive machines.