5 high-tech companies featured at Les Anges Financiers (4)
Late last week, the “Anges Financiers” gala was held in Montréal to connect angel investors with entrepreneurs, with grants up to $30500 for winners.
You can view here the winners of the event, and it’s a surprisingly good set of companies.
Object Research Systems has an innovative imaging algorithm allowing very large images to be visualized on low-end computers, for the healthcare industry.
Alizem has crafted an algorithm which gives better efficiency for electrical systems such as electrical cars and wind farms.
Enseed can broadcast on HD channels any image or video on any digital media.
Feeling Software makes 3d software, plugins, data formats for video games and media companies.
Wiseleap is said to “revolutionnize” mobile data collecting.
Most of the companies mentionned above use unique technology for their business, which is good, although they all seem to target niche markets.
Thanks for covering the event! To comment on two points you made… Feeling Software’s unique technology will allow anyone to create high-quality 3D models automatically, in a few minutes, by simply taking a few pictures. We are a few months away from commercialization. We’re also actively hiring additional developers.
As for targeting niche markets… as a start-up you won’t survive if you don’t sell quickly and profitably, so you need a market that is easily addressable, that needs your solution right now, that has money and that is willing to take a calculated risk working with a smaller player. These markets are almost always under the radar and therefore smaller than $100M. So often the winning strategy (as described in Crossing the Chasm) is to first focus and quickly dominate a small very profitable niche (e.g. $10-50M) then jump to the next logical niches until you dominate a whole sector and can hold your own against the big players.
In our case, the first niche we’ll target are the 3D artists in the game and film industries. We are well known in that industry and we have a mailing list of more than 13,000 individuals covering most of the studios that use and trust our past products already. We’ll allow these artists to create new 3D models a hundred times faster and cheaper than alternative solutions.
BTW, good work with your blog!
Christian Laforte,
President, Feeling Software
Christian, great company, team, web-site. Your comment on how start-ups need to approach their markets is very wise. Congratulations. You are a real deal.
On March 12, 5 tech companies (Feeling Software, SOS Cuisine, Myca Santé, Quattrium, Augeo) have been selected to present their project/company at the Capital Innovation 2008 event. There were about 120 people in the room, including tech entrepreneurs, VCs and angels. The audience had to vote on their favorite project/company and Feeling Software was the “Coup de coeur”, People Choice…
Christian, congradulation again!
[...] wrote in march a rather quick summary of the “Anges Financiers” gala, with a last note stating how the featured companies had interesting ideas but without any [...]
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