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techcoffee · 5 years

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Episode 43

https://betakit.com/

CANADIAN AGRI-FOOD NETWORK RECEIVES $49.5 MILLION TO DEVELOP AGRI-TECH SOLUTIONS

CICP Indiana & AgriNovus Indiana

CALGARY-BASED MINDFUEL RECEIVES $2 MILLION IN FUNDING THROUGH CANCODE

CanCODE Canada

ONTARIO ACCELERATORS IN FLUX AFTER GOVERNMENT LAPSES ON CLA PROGRAM FUNDING

NEW DATA ON MONTREAL STARTUP ECOSYSTEM SHOWS NEED FOR INVESTMENTS IN SCALING, CAPITAL

https://mashable.com/

This is why DoorDash delivery workers usually prefer cash tips

Episode 43 Video Episode 43 Audio

Talk tech & startups with local entrepreneurs over a cup of coffee. Weekly Tuesday mornings 7:30 EST #techCoffee #coffee #tech #community #southBend #indiana #startup #business #midwest

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Transcript 0:02 all right and my live here and we're 0:06 live here so welcome back and it's three 0:13 to eight starting a little late 0:15 nevertheless we'll get started 0:18 shoot out a quick message with 30 all 0:48 right awesome let's see what's in the 0:50 news there was some stuff over the 0:54 weekend I was listening to about 0:58 businesses in this climate 1:00 and it's it's now the third time I've 1:06 heard about people taking a skill taking 1:09 that skill to the next step by saying 1:11 I've done this in this skill and here's 1:14 how I've done it here it is for you to 1:16 do so whether that looks like one-on-one 1:19 teaching in person or whether that looks 1:21 like a webinar that you then sell and 1:24 recorded pre-recorded so people can just 1:26 buy it and take it at their leisure 1:27 that's been a business the scooters and 1:31 bike rental even if you have a small 1:33 shop where you're renting those out you 1:37 don't have to be another big company 1:39 like bird or lime those things are far 1:43 and away gonna be an opportunity for 1:45 smaller 1:47 metropolitans for you to bring in 1:51 they're saying that people are going to 1:53 rent those things increasingly I know 1:57 here in South Bend we have lime scooters 1:59 and I've been riding them and I see more 2:01 and more people riding them and I guess 2:04 it's gonna take them to understand how 2:07 to use them what are you gonna use them 2:08 for 2:12 let's see what was the other one and the 2:15 third one I heard about so live webinars 2:20 oh and then the Amazon resale which has 2:23 been around me more and more people 2:25 apparently are starting to do that and 2:27 get the idea that you can buy something 2:29 on one platform resell it on another 2:31 like Amazon where the prices are a 2:33 little higher or buy something I'm wish 2:36 wait a few weeks and then buy it on 2:38 Amazon go to a garage sale buy some 2:44 stuff sell it on Amazon or buy something 2:46 on eBay and then sell it on Amazon I 2:50 heard that one again for a multiple time 2:53 so these things are being talked about 2:58 [Music] 2:59 that's what I was listening to over the 3:01 weekend let's check out what beta kit 3:05 has cheers to the morning coffee startup 3:21 shops the week hello fresh interface 3:24 wave and and funding Oh No and just me 3:33 and shoelace all right there's another 3:39 FinTech just like last week fit the 3:42 FinTech times when british 29 teens 3:45 british FinTech boom today being a grow 3:48 food network receives 50 million to 3:51 develop Agrotech solutions here in 3:54 indiana we have a granola this which is 3:56 part of the break up of the six connects 4:06 is another one who the hell is that 4:08 public-private partnership the americas 4:17 indiana so Connexus is an agronomist are 4:21 two of 4:25 two of the programs that came out of a 4:31 broader program that is escaping me 4:36 right now it is CICP yes the central 5:04 Indiana corporate partnership that's 5:05 right 5:06 the CICP the central immunity 5:08 partnership with Agra Novus ascend bio 5:12 crossroads Connexus energy systems 5:15 Network and tech points those are the 5:17 six that came out of CICP 5:20 Agri knows though is doing something 5:22 similar to what it looks like is 5:24 happening in Canada Canadian agri-food 5:26 Network receives 50 million to develop 5:28 AG tech solutions and really just 5:31 focusing on that AG tech the Canadian 5:34 agri-food automation intelligence 5:36 network a hundred and eight million 5:39 project aimed at developing its portable 5:42 farming solutions has there seemed it 5:44 received an investment of up to date 5:47 it's actually forty nine point five 5:49 million from the federal government and 5:52 just makes so much sense not many people 5:54 know the idea of farming being one that 5:58 gets you to the next step technology 6:01 wise so sitting in a combine driving 6:04 down the field 6:05 you're really tracking on GPS where 6:08 you're going dropping pins along the way 6:10 of different plants are seeing that got 6:13 enough water not enough water the 6:15 whatever the look the makeup of the plan 6:19 is you can drop a pin 6:20 in a different category saying this is 6:23 an issue area or this is somewhere we 6:25 want to look at or there's a weed or 6:27 there's an open spot that didn't get 6:29 seeded all those things that 6:33 you want to track the technology in the 6:37 combine has to be there 6:38 the GPS has to be there the location the 6:41 wayfinding those different points of 6:44 contact have to be there so someone has 6:46 to develop that tech and it could be you 6:53 that's obviously a very limited scope of 6:56 farming and agriculture that I gave 6:59 that's just an example though right 7:01 there's the there's the indoor farming 7:06 this investment is being made through 7:08 the stream for the strategic innovation 7:10 fund program time to attract support I 7:12 call the business investments in 7:13 Canada's most dynamic and innovative 7:15 sectors sounds good 7:19 I'd love to read more about that and see 7:23 what that's gonna bring so more and more 7:37 investment in agriculture I'll link over 7:44 to the CIC P's website for those 7:49 interested in what's going on here in 7:51 Indiana anyone else know about things 7:59 going on or have things going on in 8:02 agriculture in their area I'd love to 8:04 hear more about it or you can check out 8:07 our let's see check the coffee data word 8:14 that's another thing that's happening 8:21 [Music] 8:32 latest you'd see the same way 8:35 alright coffee the Lord will post all of 8:49 the links here let's see here's the 9:02 Canadian story wait a kit agar Novus and 9:23 the CICP in Agra Novus that's over here 9:26 at CIA CP Indiana calm yeah CICP need to 9:46 be launched and then you can put out the 9:54 ICP Indiana so a little more and 10:07 business going on getting the startup of 10:13 the week news startup news of the week 10:19 let's see what they have to say it's the 10:25 what Nashville's rocking over here 10:28 sector leaders in the week 721 this was 10:34 looking back it started news stories 10:36 week on truths Hillary influx after 10:38 government lapses on CL a program 10:40 funding 10:41 Oh for some of our accelerators and flux 10:47 CLA program funding it's the clas 10:51 new data on Montreal startup ecosystem 10:53 shows need for investment and scaling 10:56 capital investments in scaling and 10:58 capital ok impact Center updates now 11:03 will list reflects many big rounds Rob 11:07 Marin wants to replicate wave success at 11:12 Pluto and there's some milestones 11:20 learning code receives nine million 11:22 Canada's learning code that's crazy 11:25 there's so many code learning resources 11:28 out there people more building on how to 11:30 learn code and processes looks to me 11:34 more like training and and there's 11:38 opportunities for training there's 11:40 opportunities for learning the focus on 11:44 code seems to be I don't know buzzed 11:48 niche because it's code and it's the 11:52 wave of the future even though the 11:54 future is here the idea of code and 11:59 you're just having that in your 12:00 portfolio something you've done or a 12:02 program you've offered it seems to me 12:04 like a wellness package for a big 12:06 corporation so your insurance company 12:09 now offers a wellness package so you 12:11 check that box of offering for your 12:14 insurance packages and your premiums are 12:16 lower or something to that effect this 12:18 we've learned how to code let's let's 12:22 bring out some actual meaningful 12:25 learnings so that the end result is 12:29 people who can actually do development 12:31 and things that improve the lives of 12:34 themselves or others or they can follow 12:37 their passions through their their new 12:40 skills learning code Canada's learning 12:46 code initiative specializes in digital 12:47 literacy education received nine million 12:50 federal government as a part of the 12:52 second phase of its can code and 12:55 vestment alright so Canada code seems to 12:59 be a thing let's see what that's all 13:03 about 13:08 Canada see not the flux story this is 13:15 yeah Canada learning code here's that 13:28 story for those of you following along 13:41 grab some coffee here there's a small 13:44 group of folks gathering in the plaza 13:51 here and I'm curious to know what it's 13:56 for one of those things that just 14:00 happens that not everyone knows about 14:04 and if people didn't more people didn't 14:08 know about they'd probably go to or do 14:11 hey guys nevertheless promotion word of 14:22 mouth is a thing let's see did I just do 14:27 yes Canada's learning code so can code 14:31 let's check out what that's all about 14:36 code assessment criteria can code us 14:42 please please is this really a big can 14:51 code can code is a group of high school 14:56 students in Palm Beach California 14:57 Palm Beach County Florida twins in 15:00 teaching elementary students read a 15:01 program through engaging workshops so 15:03 it's more like can you code that us 15:08 let's see what Canada's initiative 15:10 called can code is all about innovation 15:21 science and economic development Canada 15:24 innovation science and economic 15:26 development Canada first two years of 15:28 can code provide proved to be a huge 15:33 success reaching over 1.3 million 15:35 students in over 61,000 teachers and 15:37 still counting we're pleased to announce 15:38 that we're extending kim code to build 15:40 on that success when was this written 15:44 budget 2017 innovation skills plan 15:47 advances the agenda build canada is a 15:49 work world leading innovation economy 15:51 that will create good jobs and grow the 15:53 middle class one of the key pillars of 15:56 this plan his skills and ensuring young 15:59 Canadians get the skills and experience 16:00 they need to kick-start their careers so 16:03 it's interesting that mmm-hmm focused on 16:06 young Canadians this young place still 16:09 annoys me that there are a whole bunch 16:13 of middle-class folks we could get 16:16 skilled up especially with the changing 16:19 economy and a whole bunch of folks who 16:21 are retiring and finding out that it's 16:24 boring after a couple years of doing 16:26 nothing finding out that they're not 16:28 gonna sit on a beach and they're now 16:30 looking for something to do and Walmart 16:32 greeters doesn't sound as interesting so 16:35 they're looking for a job an activity of 16:37 volunteer blah blah blah they're looking 16:40 for something to do some way to engage 16:41 and then we're allowing those 30 years 16:43 of experience these retirees 30 40 years 16:49 of experience to just sit there go by 16:51 the Weis wayside we're not reading these 16:53 folks when they have another 30 years to 16:56 live right they have another 30 years to 16:59 give our 17:00 economy in this world and we're saying 17:01 young people I think there's a huge 17:06 opportunity there for initiatives like 17:08 this can Canada to engage not young 17:11 people because it's easy because they go 17:13 to school every day and I can just 17:15 contact the schools right that's the 17:17 easy thing to do let's start there and 17:20 then let's engage that that middle work 17:23 force that middle class and then let's 17:25 engage the retirees who are now looking 17:28 for something to do it's amazing how 17:32 ancient cultures had multi-generational 17:35 groups and how they seemed to thrive and 17:38 how we just forget stuff like that when 17:40 we come up with new initiatives we don't 17:42 make the connecting links between people 17:45 who have the experience and people who 17:47 are looking to gain experience so I'll 17:52 link over to Canada's can code 18:03 initiative that's great 18:10 love to see that they even have they 18:15 have contact information for the can 18:17 code program phone fax TTY email hours 18:24 and a mailing address that's amazing 18:26 that's amazing 18:29 and a chat now what does this do 18:33 there's a chat Now link on a government 18:37 website yep type in your name email 18:45 address phone number oh it all you need 18:48 is your name and I can start chat and 18:52 I'm whoa 18:54 oh it's 8:30 to 5:00 Eastern Standard 19:00 Time want to send us an email here's a 19:03 link Wow literally a 19:09 chat with different programs they have a 19:14 little youtube link this is cute today 19:18 we live in a world a digital world 19:21 little robot and then a young girl on a 19:24 laptop that's great 19:37 this extension will see an additional 60 19:40 million invested over the next two years 19:42 starting in 2019 2020 it's great to 19:47 engage Canadian students kindergarten to 19:50 grade 12 to learn digital skills 19:52 including coding data analytics and 19:55 digital content development that's 19:57 something I saw in teaching where we 19:59 would give students technology and 20:02 expect that they already know how to use 20:03 it 20:04 we still need to teach folks software we 20:06 still need them to understand the 20:07 landscape of interconnected apps or 20:11 digital content creation and then how to 20:13 share that out is now it's less the 20:16 version and or now it's less this this 20:20 piece of who owns it it's more here's a 20:23 version of the content and what's the 20:24 latest version just like InDesign you're 20:26 never really done it's just here's the 20:28 latest version and we think we're at the 20:31 80% complete right the 80/20 rule where 20:35 hey we think we got 80% of it go ahead 20:37 and take a look give us some feedback 20:38 we'll go ahead and push it through and 20:40 say that this version is what we like or 20:44 this version is what we want to make 20:45 public and then it's a constant working 20:47 document it's a little more difficult 20:50 nowadays because you have to say this is 20:52 this is the latest version of the 20:55 working document that will push out we 20:58 could always continue we can always do 21:00 more right now though we're going we're 21:09 going to say we're happy with it so 21:15 investing in code and digital literacy 21:18 in Canada nine million another 60 over 21:21 the next two years 21:24 it'll be interesting stuff about how to 21:26 how you get that money who gets that 21:29 money is it a learning institution does 21:31 it have to be the schools is it all 21:33 about programming or can it be hardware 21:35 is it only going to the schools or is it 21:38 going to the teachers have is the how do 21:41 those funds get deployed is then the 21:44 conversation and I know here in the 21:47 states the state the state government 21:52 has allowed to say and then how schools 21:53 can earn money that the state has from 21:56 the federal government those sorts of 21:57 things really are I don't want to say 22:01 convoluted they're just very focused on 22:03 the system set up in between the 22:08 students the student learners and the 22:12 initiatives that politicians are pushing 22:15 forward and sometimes they're aligned 22:19 sometimes they're on par with what 22:24 students are going to be walking into in 22:26 their everyday lives hopefully that 22:30 continues to be play that continues to 22:35 get more and more aligned new another 22:41 story new data on Montreal startup 22:42 ecosystem shows need for investments in 22:45 scaling capital let's see what this is 22:50 about scaling capital here's the link 22:57 that's done and here's the link on this 23:01 one oh here is the code Canada code 23:17 Canada code link 23:26 I see that juicy that CA got it weird 20 23:53 minutes in get another ten minutes we 24:11:00 pump this to half an hour so this new 24:14:00 digital literacy mm-hmm 24:16:00 excuse me the investments in scaling 24:21:00 mean capitals my startup ecosystem has 24:23:00 been changing or the past number of 24:25:00 years 2015 started genome ranked it 24:27:00 amongst top 20 global ecosystems now 24:30:00 things in this city are starting to pick 24:32:00 up this is great so according to a 24:35:00 recent four by oh we should start up 24:39:00 Montreal a survive genome regional 24:40:00 partner the city ranked 33 overall 24:45:00 creating scale-up support found that 24:48:00 more than fluke gender starts with more 24:50:00 than 2800 founders call Montreal home 24:53:00 majority of those 38% are in the startup 24:57:00 phase with only 6 percent of the 24:59:00 companies considered established we'd 25:03:00 like to compare with comparable cities 25:05:00 including stockholm barcelona tel aviv 25:07:00 amsterdam toronto strongly believe that 25:11:00 in the last five to ten years Tillery 25:14:00 growth and voman capital not available 25:16:00 ok here it is one persisting issue for 25:18:00 Montreal startup community however is 25:20:00 capital volunteers report found that 25:24:00 funding is only available for a very 25:26:00 small number of startups only 12% of 25:28:00 startups received VC investment over the 25:30:00 past year well that's just VC though ok 25:34:00 whatever in 2018 1 billion was invested 25:37:00 in Montreal companies in the total of 74 25:40:00 investment rounds however 15 of these 25:42:00 transactions receive a majority of the 25:44:00 money collecting 89 percent of the total 25:45:00 investment despite being the largest 25:47:00 group pre startup and startup stage 25:50:00 companies only brought in 3 percent of 25:52:00 the distributed capital accordian 25:54:00 volunteer majority in terms of number of 25:56:00 investment rounds were four seed stages 25:59:00 26 bringing in 26 million is followed by 26:03:00 12 series a with more than hundred and 26:06:00 ten and eight series B with a collective 26:10:00 94.5 million the largest amount of 26:12:00 capital though came from to private 26:14:00 equity there we go private equity rounds 26:17:00 with brought in more than 300 million 26:19:00 and two series d deals with 180 million 26:25:00 this is a similar thing you know just 26:27:00 mapping I love this story 26:30:00 actually going through each of the 26:32:00 series how many how many companies were 26:36:00 a part of a series like that and then 26:38:00 what's a total in capital that these 26:40:00 companies were dealing with digging into 26:44:00 those details of how it happened who 26:46:00 they spoke with how they got connected 26:48:00 to it what it took to close the round 26:53:00 I'd love to open that up even into how 26:56:00 many different investors they're round 27:01:00 comprised of if you want to understand 27:05:00 or talk more about getting a getting a 27:10:00 lead investor and around that's a that's 27:14:00 a whole conversation then getting a 27:16:00 follow-on funding for a round once 27:18:00 you've got your lead investor those 27:20:00 sorts of things are entire areas of 27:23:00 expertise and conversations let alone 27:25:00 the ecosystem itself and what's 27:28:00 available what's even available how do 27:31:00 how do you even start to engage with 27:33:00 someone if you have a for example an 27:36:00 education company like a training 27:39:00 company that you want to do the 27:42:00 onboarding training or ongoing training 27:44:00 and skill up training within your 27:46:00 company investors who believe in 27:49:00 education and who are forward-thinking 27:52:00 and aren't vision 27:53:00 to public schools or charter schools or 27:56:00 private schools they might be interested 27:58:00 in education as it relates to people 28:01:00 within the world that are people moving 28:04:00 jobs or people moving to a new job 28:06:00 within the same company and they can see 28:08:00 your innovative education training 28:11:00 company as a good way to invest in 28:14:00 something that's on their heart or 28:15:00 something that they believe has good 28:17:00 upside so you can play to someone's 28:20:00 beliefs about how the world could work 28:22:00 you could play to someone's obvious 28:24:00 financial return hey we know we're gonna 28:26:00 do whatever X you're gonna do and so 28:31:00 invest in our company blah blah blah 28:33:00 playing into an angel investor or 28:36:00 private equity or some some VC playing 28:40:00 into what their KPIs are that's an 28:43:00 entire conversation and strategy that 28:46:00 needs laid out on top of things like 28:49:00 this within a community how many rounds 28:51:00 were done how many companies within 28:54:00 those rounds 28:55:00 how many investors were part of it 28:57:00 what's the breakdown of the investment 28:59:00 this is something that I would like to 29:02:00 see more of and and talk more about so 29:06:00 I'll link you over to that story but 29:10:00 it's great I mean that's great to see 29:12:00 that Montreal has kind of the 29:14:00 groundswell and now as companies are 29:16:00 growing they're building in the 29:18:00 different capital needs probably 29:22:00 networking needs economies of scale 29:25:00 right so maybe there's some more 29:27:00 accountants that opened up maybe there's 29:30:00 some more printers that opened up maybe 29:33:00 there's some more office spaces of 29:35:00 commercial real estate 29:36:00 hopefully was there and hopefully then 29:39:00 that that mountain just grows right 29:44:00 maybe that some it grows to the number 29:47:00 of companies sitting at the top all 29:50:00 right a couple more minutes let's dive 29:53:00 into a different story I'm gonna pop 29:55:00 over to Mashable see what they have beta 30:00:00 kits given us some good stories this 30:01:00 morning 30:05:00 ten extremely controversial thoughts 30:06:00 about cheese all right why is door - 30:10:00 delivery workers usually prefer cash 30:12:00 tips they're not - yeah they only have 30:16:00 two so one of the stories this is why I 30:20:00 door - delivery workers usually prefer a 30:21:00 cash tip same reasons servers prefer 30:23:00 cash tips you only have to claim so much 30:25:00 on taxes and oh I just wasn't that good 30:29:00 right like New York Times guarantees a 30:34:00 minimum for each job first door 30:36:00 guarantee visas cat5 of the customer 30:40:00 woman who answered the door a colourful 30:42:00 bathrobe tip three dollars via the app 30:43:00 but still received only 685 customer 30:47:00 posts and I'm a regular customer I 30:48:00 started doing cash it is this week I'm 30:52:00 hoping the word keeps getting out that 30:54:00 the situation keeps improving spies 31:00:00 alone that door - tips takes the tip 31:03:00 paid in the app button sure is a minimum 31:06:00 payout - its delivery workers 31:07:00 okay so door - takes the tip and they 31:10:00 just guarantee a delivery so it's a 31:12:00 steadier stream of income and it's not 31:15:00 as volatile based on tips this prompts 31:18:00 you to look at how the tip delivery 31:19:00 workers could bring food orders to your 31:21:00 door from restaurants or buy so just an 31:22:00 example in attempt to quarter 31:24:00 experiencing Dover in New York City the 31:28:00 company guarantees a minimum of mouth 31:30:00 making delivery displayed for - accepted 31:32:00 or rejected delivery spokesperson 50% of 31:35:00 the time customers don't leave any tip 31:36:00 so 85% of the time they do leave a tip 31:41:00 toward Ash's Mowgli's said mostly said 31:43:00 that they always prefer cold hard cash 31:45:00 cash on the percent one redditor wrote 31:47:00 like a - in Silicon Valley area 31:49:00 explained that most - look for cash for 31:52:00 various reasons although we can see some 31:53:00 small problems 31:54:00 the only issue would be that you spend 31:56:00 the earnings because it's more 31:58:00 accessible instead of having a direct 32:00:00 deposit II wrote this a robbery concerns 32:03:00 don't even register I mean that that's 32:05:00 so true if they guarantee you a minimum 32:07:00 and you get a cash tip then you're 32:09:00 always guaranteed that minimum 32:10:00 regardless of the tip they otherwise 32:12:00 would have put online it's definitely 32:14:00 going to you so the cash tip will will 32:17:00 be like the gym 32:18:00 John's delivery this is something I did 32:20:00 in college Jimmy John's delivery I rode 32:24:00 my bike where the traditional delivery 32:26:00 is by car so I got my hourly rate I then 32:29:00 got my mileage rate for driving which I 32:34:00 use none of and gas the whole point is 32:36:00 gas and mileage for the depreciation on 32:39:00 your vehicle and then you get tip on top 32:41:00 of that so I was getting paid three 32:43:00 times and I got to pocket all of the 32:47:00 driving expense tip and cash always made 32:50:00 better for me 32:51:00 once they batch the receipts at night 32:53:00 then I'd have to wait for my payout till 32:56:00 later 32:56:00 I wanted that cash now right cash in my 32:59:00 hand now is always better than having to 33:01:00 wait for it later 33:02:00 unless you're investing it in some way 33:04:00 which was definitely not happening when 33:07:00 we're giving me a return on them keeping 33:09:00 my cash my tips the article continues 33:14:00 for some examples and and how the 33:17:00 breakdown would work money-wise it makes 33:20:00 sense looks like there's a conversation 33:21:00 on reddit oh let's see 33:26:00 door - story well what is it yeah here 33:40:00 we go door - chief cash tips all right I 33:48:00 think that's it for this week join me 33:53:00 next week here at sugar a cafe Tuesday 33:56:00 morning at 7:30 we'll talk for half an 33:58:00 hour grab some coffee and then we'll 34:00:00 head off to work getting our day started 34:03:00 connecting with some people and getting 34:09:00 the latest on some check-in business 34:11:00 stories yeah let's see what's post that 34:15:00 one up on some Twitter yep 34:21:00 great how are you tube take care 34:30:00 onward onward

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akxyaptn-blog · 5 years

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