Description of Sectors
The ideas must be in any of the following sectors:
A. Fintech
This sector deals with the application of modern technology to improve financial services. The aim of these technologies usually is to provide products/services that are more transparent, efficient, user-friendly and automated then currently available solutions. Popular areas in fintech today include :
Cryptocurrency and Blockchain
Regulatory technology (regtech) to help firms meet financial compliance rules
Insurtech
Open banking
Platforms for automated investment advice (Robo-advisors)
B. Edutech
This sector deals with the use of technology in the field of education to facilitate and improve the process of learning. The sector will be responsible for the new form of learning architecture with changes in the way education is resourced, taught and consumed. Popular areas in Edutech include:
Online learning
Career development
Course materials
Language development
Apart from development from the student’s perspective, platforms that support educational administration also come under Edutech. These include
Learning management systems
Next-gen schools
Learning analytics
School administration software
C. Healthtech
Healthtech is the use of technology to improve the delivery, payment, and/or consumption of care, with the ability to increase the development and commercialization of medical products. This maybe in the form of databases, applications, mobiles, wearables, etc. The aim of heathtech is to not only bridge the gaps between the doctors and the patients but also create an ecosystem to facilitate a better and faster healthcare environment. Popular areas include :
Medical devices
Diagnostic panels
Genomics
Online health communities
Fitness apps
Cloud based medical records
D. Deeptech
This sector involves technological developments in 4 key technologies : 1. Artificial Intelligence 2. Internet of Things 3. Blockchain 4. Augmented Reality + Virtual Reality
Ventures under this sector are built around unique and differentiated technology often protected or hard to reproduce fueled by technological or scientific advances. This sector invites all ideas/products which leverage these technologies across any sector/industry.
E. Cleantech
Clean Technologies refer to any new products, processes or services that reduce waste and require as few non-renewable resources as possible. These technologies aim to reduce negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Popular areas in Cleantech include:
Waste disposal and management technologies
New materials
Sustainable water management
Sustainable design and practices
Energy storage and generation
Agriculture and food technologies
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