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Propel(x) Founders Attend 2017 International Angels and Venture Capital Summit

Propel(x) founders Swati Chaturvedi and Lisheng Wang attended the 2017 International Angels and Venture Capital Summit as keynote speakers. The event, held by the Taiwan Economic Research Institute, featured over 50 international startups from the United States, Germany, Japan, Korea, Hong Kong, Singapore, and Taiwan.

Chaturvedi’s presentation, “Opportunities for Investing in Science and Technology,” explored investment trends in the American deep technology startup market. She focused on three sectors growing rapidly as costs for entry decline: gene sequencing, energy storage, and computing power. Swati began by illustrating the exponential decrease in gene sequencing expenditures. In 2001, mapping an individual’s genome would cost $1 million. Today, that same process costs $1,000 (National Human Genome Research Institute, NIH). More gene sequencing startups have entered the market, increasing the likelihood of personalized medicine becoming a reality within the next decade.

Propel(x) Founder Swati Chaturvedi presents at the International Angels and Venture Capital Summit

Swati Chaturvedi presenting at the annual International Angels and Venture Capital Summit

The energy storage sector is experiencing a similar transformation, Chaturvedi explained. With lithium-ion battery costs at a historic low, companies working on robots, drones, and transportation technologies are finding it easier than ever to get up and running. Business models founded on AI innovation are also cheaper, creating new opportunities in the financial services, defense, and consumer industries.

Propel(x) founder Lisheng Wang discusses the future of information technology

Lisheng Wang discussing the future of IoT

Later during the summit Lisheng Wang participated in “Internet + X,” a panel discussion on the future of network technologies. The event concluded with members agreeing on the importance of investor’s funds for developing startups with the potential to change the world. “After all,” says Chaturvedi, “without these investments, these new startups will not have enough funding to develop solutions to the problems of tomorrow.”

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