innovation - dutch aviation group innovation 18-10-2017 1.1.… · •blockchain, initially for...
TRANSCRIPT
INNOVATION
DUTCH AVIATION GROUP
HvA, OCTOBER 18th 2017
Eric D. Tierie
How did aviation change my life?
In the 60’s, as a young kid I flew in France with my dad on a Jodel D9
….and 40 years later I flew my first air combatexercise in Australia on a MIG 15
And co-own a Fouga @ EHLE, with just a PPL
XEGASUS Aviation Investements since 2002, 15 years ago
• Started more or less as a joke,
• with some money from a lucky platinum mine project in Canada.
• The name being Pegasus with the X-factor, after several glasses of wine
• Now with 3 staff members,
• and some 14 minority participations,
• in 5 countries, and an office at Breda ‘’International’’ Airport (=Seppe)
Our investment criteria:
• Were not that clear initially……..
• But we tried to focus on high tech
• Especially start-ups (more risk but less capital; 10k-500k)
• Always minority shares (5-49%)
• With hopefully true value added
We had one major ‘’bleeder’’
But lots of fun, and still good potential
1. Aerwin: initially Zeppelins, but now electrical propulsion2. Cat Hangars: for the Catalina until Lelystad finally reaches the Alders plan3. Frontier: radar tracking software4. Hines Aircraft: impeller axial driven engines as turbofan alternative5. MI Group: cabin crew software and cabin WIFI6. Casper: airport noise monitoring7. Clean Tech Aviation: bio-kerosene8. AMN: Aircraft MRO9. GTRS: aircraft seat modifications10. Estuary: de-icing technology11. EASP Air: privatised maritime patrol with advanced sensors12. …..and two NATO projects (unspecified)
We receive on average 1 business plan/week
➢ Some 30% with either an App (without IP, without market analysis), ➢or some aviation Uber equivalent, planning to make money with other people’s A/C
➢And some 30% with a childhood dream of starting a regional airline:• always with assumed huge potential• always forgetting about the reaction of the existing competition• always profitable within 3 years ☺
• never leasing aircraft, because they want to buy them, preferably with our money
Their typical ambition…..
But also some with true innovation
• Advanced polymers (beyond Glare)
• 3D printing (titanium)
• Missile guidance systems
• Auto-pilot with AI (self-improving)
• Electrical brakes (& dynamo)
• Terrorism protection ideas
• Anti-noise through synchro-props
• Winch launch for jets
And we started to look at the DIGITAL WORLD as a forecast for INNOVATION
year $ per G-FLOP (floating point operation/sec)
1961 1.000.000.000.000
1984 20.000.000
1997 30.000
2003 82
2011 2
2013 0,12
2016 0,05
Exponential growth of Bandwidth
year type bandwidth Mb/sec
1985 V22 modem 0,001
1991 V32 modem 0,04
1995 ISDN 0,3
2000 ADSL 1
2005 ADSL 2+ 9
2009 DOCSIS 3 100
2015 FttH 800
Processing speed
Processing speed
The iPhone 6 has 58 timesthe speed of the 1985 Cray-2 super computer, used to design the B-777
Modern life’s essentials:
AirWaterFoodSexSmartphones
The digital transformation is ever more disruptiveand will lead innovation in almost every industry
• Blockchain, initially for financial transactions, incl. bitcoins, but going intomedical records, notary, metal deals and even aviation booking systems
• 3D printing; additive manufacturing: General Electric’s engineers decided to create a brand-new advance turboprop engine, or ATP. Using additive manufacturing, they consolidated 855 components into just a dozen parts. The simpler design reduced weight, improved fuel burn by as much as 20 percent and achieved 10 percent more power. They are now working on large jet engines with 3D printed turbines and 30% weight saving.
The digital transformation is ever more disruptiveand will lead innovation in almost every industry 2
• IoT, ‘’Internet of Things’’. The massive use of advanced sensors and wirelesscommunication. By 2020 there will be 20 billion IoT endpoints (Gartner), and 500 billion by 2030 (Cisco)! With IP V6 virtually unlimited unique IP addresses, including airborne ones.
• Big Data; three characteristics: volume, velocity, variety. Useless without algorithms/analytics. additive manufacturing: General Electric’s engineers decided to create a brand-new advance
The digital transformation is ever more disruptiveand will lead innovation in almost every industry 3
• Drones: geologists, energy companies, police forces, television stations, movies, SAR, espionage, medical support, but also terrorism.
• Conversational Computing; rapidely getting more accurate, translations, natural language, stress detection, increasingly ‘’human’’, Siri, car safety, memory linked etc.
The digital transformation is ever more disruptiveand will lead innovation in almost every industry 4
• Artificial Intelligence: semantic modelling, biometrics, machine learnin, non-ethnic profiling, weather forecasting, medical diagnostics
• Virtual and Augmented Reality; safe training, weapons control, seriousgaming, scenario testing.
• Flex/transparent-OLED, Batteries beyond Lithium, Wearable Electronics, Nano Tech, Cybersecurity, Xaas, Cognitive Computing, Bio-electronics, SelfhealingMaterials, Cloud, Stealth and many more ….
So now we use digital transformation trends to select the best innovators
• Agile: fast response, quick failure, cross-functional teams, young behaviour,
high fantasy levels
• DevOps: collaboration between development and operations, early reality-check
• MVP & LC; minimum viable product and launching customer
• IT savvy, open source, risk appetite
• Break or ignore rules ---> paradigm shift
• Tech fluency; the boundary between business and technology is fading
Bigger steps ?
The light bulb was not inventedby improving candles
So what does this insight lead to for Xegasus?
So what does this insight lead to for Xegasus?
Our latest participation (33%) is in Achilles:• Drone stopper• Long range capability (>30 nautical miles)• Mil spec• Non-ITAR• Against both solo and against swarms• Selective narrow beam or omni directional• All GPS types blocked (GPS, Glonass, Galileo, Compass, Beido)• All navigation systems jammed• High power laser destroying optical sensors• Proprietary tech, protected against reverse engineering• With Thales and Damen Shipyards
Thank you for your attention