On May 31st, 2017 Pangaea Ventures hosted its third Advanced Materials Commercialization Summit. The summit was attended by entrepreneurs representing some of the world’s most innovative, leading edge start-ups along with senior thought leaders from dozens of the world’s largest chemical and materials companies. Discussions focused on mission critical topics around advanced materials commercialization.
A Minimal Viable Product (MVP), is a new product that can be rapidly developed in order to efficiently test the value proposition with real customers. The ultimate goal is to accelerate the innovation cycle towards creating the real home run. Eric Ries originally outlined this methodology in his book, “The Lean Startup”, and it has inspired the formation of countless software start-ups that can deliver that MVP with pizza-fueled coding marathons. But for companies looking to commercialize products based on advanced materials, there are typically a myriad of technical, commercial, and regulatory roadblocks that make executing on a MVP much more difficult and time consuming. But this concept is too valuable to be ignored by early stage advanced materials enabled companies.
Doug Wiggin, CEO of Switch Materials, gives a talk on the commercialization of smart windows for the automotive sector, as part of Pangaea Ventures' Advanced Materials Commercialization Summit.
In May 2014, Pangaea Ventures hosted the Advanced Materials Commercialization Summit at the Vancouver Convention Centre. The invite-only event attracted over sixty major multinational corporations, research centers and investors to discuss key issues in the commercialization of products and technologies enabled by breakthrough innovations in the physical sciences. Key topics included energy, electronics, health, and sustainability.