Essential Ingredients of Building a Successful Robotic Startup​​

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Zexiang Li (Hong Kong University of Science and Technology, Hong Kong)
Essential Ingredients of Building a Successful Robotic Startup​​

Though the robotics market is estimated to grow at double digits till 2022, and over USD100 million was raised by robotic startups in January 2017, our study reveals that less than 5% of robotic startups last longer than 4 years, and the number is much lower for startups whose primary founders came directly from academia. The major cause leading to the closure of robotic startups is that startups failed to deliver their products to the market in a progressive and constructive manner before using up the resources, especially the monetary investment.

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  • Published on
  • February 13, 2018

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