In Focus: Innovation and Entrepreneurs

http://www.bloomberg.com/news/2013-10-30/drones-delivering-pizza-venture-capitalists-wager-on-it.html

Picture retrieved from: http://media.salon.com/2012/05/drone1.jpg

The title says it all! Drones that were traditionally used in the military for spying missions is now a possible tool for businesses such as pizza and shopping companies to deliver their products without the need of hiring people to do so. Venture Capitalists such as Tim Draper backs the idea by investing in a start up that develops the necessary software to direct drones into achieving this goal. It has been a while since there was much innovation in the delivery service and this is potentially the next popular move businesses can look forward to in the near future. However, the are several possible issues that this innovation needs to consider. (1) What happens in a malfunction? Will the drone drop from the sky and hit people? (2) How much more efficient is the drone as compared to a delivery truck? (3) How accurate is the GPS guiding system in the drone? Will it deliver the products to the wrong location?

There are of course, many other related concerns that has not been addressed. There are always many threats and uncertainty surrounding start ups. The funding aspect is at least out of the way for those entrepreneurs who received venture capital funding to achieve this goal. It’s still premature to determine the feasibility and success of this innovation but it’s definitely something to keep a look out for in the future.

References:

Commercial Drone Growth: http://ysnews.com/news/2013/09/miami-valley-area-seeks-commercial-drone-growth

Drones grow Nevada Economy?: http://www.vegasinc.com/news/2013/nov/11/will-drones-make-nevadas-economy-soar/

What are drones?: http://dronewars.net/aboutdrone/