Wednesday, October 15, 2025
Home Blog Page 83

Surface coating to kill COVID-19 upon contact

0

While the world is embroiled in its fight with Covid many start-ups have stepped up in the response to helping the population deal with and hopefully, eventually eliminate the virus.

One such company who responded quickly was AFFIX Labs and they already have a proven working product, a long-lasting surface coating which kills the COVID-19 pathogen upon contact. “what makes it so unique is that it continues to do so for about a month, after thousands of touches on frequently used surfaces,” says Tom Sam CEO AFFIX Labs.

Previous to this, Sam and his team had worked on a project for the Zika virus which included removing the use of permethrin from the fight against insect-borne diseases and looking for a more environmentally friendly solution.

“In January, we got a call from one of our partners in Taiwan saying, ‘Tom, this virus is not going to stay in China, what are we going to do?’,” says Sam, “This is when we really started looking into the COVID-19 situation and focusing on how we can stop this virus. Luckily, because of our relationships in the past, we had connections with level three labs to do testing, and also with the money from EIT, we’re able to do a lot of research towards the effectiveness against COVID-19.”

Photo: Tom Sam, CEO AFFIX Labs

As part of the EIT Crisis Response Initiative, EIT RawMaterials mobilised EUR 9.8 million to provide targeted support to 60 high-impact and growth potential start-ups, scale-ups and SMEs during the crisis. AFFIX Labs received EUR 200, 000 of that funding.

“The agreement is that you have to pay back part of it once you become profitable,” says Sam. “I really like the idea that the tax dollars don’t go to waste. If a project is successful it comes back to the community again.”

Headquartered in Helsinki the efforts to develop their quaternary ammonium based solution Si-Quat, came together despite the team being spread so far apart.

“I’m following my wife, for her work, so I’m based in Dubai,” he says.  “We have people in Finland, of course, where we are based and then we have a lab in Portugal, we also have people in Holland, Germany and Thailand – we hire people that are independent and can work by themselves and can focus in a remote environment.”

The product is based on the trusted and safe disinfectant quaternary ammonium, which is chemically bound to align silane quaternary ammonium molecules (silane quats) in a highly effective manner. Positively charged nitrogen particles then actively attract viruses and bacteria, penetrating the membranes and killing them within minutes.

Si-Quat can be used on many different types of surface used public areas like shopping malls and schools. Taxis, buses, trains and planes have been treated with the coating but getting the coating to be durable has been the biggest challenge.

“It’s incredibly complex. First of all, to stabilise compounds in a way that it’s efficient,” says Sam. “We see new competitors coming out in the market saying their product can last for a long time but in real life, it’s all about friction and durability.”

“To actually be able to bind it to a surface, and to any surface, is the tricky part,” he explains. “Then there is the stabilisation of the product. Other companies using similar, or the same active ingredients, do not get to see the same results, it takes them 30 minutes or one hour to kill the virus where we can do it within one minute.”

AFFIX Labs has begun to roll out the distribution of Si-Quat across Europe, Africa and the Middle East. The next stage is developing a cleaning product which will allow the treated surfaces to be cleaned without having a negative impact on the durability of the coating. The product launch is imminent.

Hyper-Personalization: The New Customer Experience

0

Technology has taken a giant step forward in the past few years and the marketing industry has taken advantage of this. Artificial intelligence, machine learning, and biometric recognition have been applied to a new powerful marketing strategy: Hyper-Personalization.
 
According to Cisco’s report70% of buying decisions are based on customer experience. The new generations enjoy and want more personalized attention and, lately, companies have been reaching very impressive levels of personalization with the help of technology. 
 
Every business owner and marketing expert should be aware of this trend. Hyper-Personalization is the new customer experience and is already revolutionizing the industry. Here’s what you must know:

What is Hyper-Personalization?

Social media channels have become great providers of the population’s personal information. These platforms have allowed different brands and companies to address their advertising campaigns to a very specific audience, increasing click rates, engagement, and sales. Now, automation and machine learning are taking personalization to a higher level. 
 
When we talk about hyper-personalization we refer to the use of cutting-edge technology to treat customers as unique visitors, considering their personal interests and needs. Companies and software are using machine learning, artificial intelligence, and biometrics, to consider historic behavior as well as real-time data.
 
This strategy has already been integrated and applied by many businesses around the world, achieving great results. According to Accenture75% percent of customers are more likely to purchase from a brand that offers personalized services based on their individual preferences.

How Companies Are Using Hyper-Personalization

Every day we experience subtle ways of hyper-personalization. Spotify, Netflix, Amazon, and other companies—especially stores and streaming platforms— know your behavior and taste and use it as a marketing strategy daily. 
 
These brands know exactly what to promote to you and when. They send an email to let you know about the new season of your favorite show or the new product of one of your favorite artists or brands in perfect timing. Usually, the users have agreed to provide this information and accepted their terms and conditions.
 
Other strategies can be sneaky and less notorious for consumers. In the UK, advertising companies recently started using surveillance cameras in malls to target potential customers. The technology in the cameras can recognize people’s age, mood, and gender and later show on screens the “right” advertisement for each passerby.

Building Loyalty And Trust

Gathering personal information and using it to increase sales can be delicate. Not every customer will feel comfortable and companies should be transparent and honest about how they use their customer’s information. 
 
Considering the high impact that a lot of businesses were having on people, some governments have stepped in to create regulations like the General Data Protection Regulation (GDPR) in Europe. The protection of the information collected by these companies should also be a priority and remains as another field of concern.
 
However, recent data shows that customers enjoy getting personalized attention. Users have admitted to loving when their favorite brands remember their names, clothing size, offers discounts at the right moment, or suggest products and services that they will probably relish. 
 
Hyper-personalization can be a great asset for any company and probably those that are not applying it in their marketing strategies are already lagging behind.

Electronics-Cooling Microchip – Sophisticated Device Cooling System that Mimics Human Capillaries

0

For decades, researchers have boosted the power of computers and other electronic devices by squeezing more and more transistors on each chip. These newly added components give off heat as they carry out their tasks. But as technology advances, the electronics get steadily smaller and denser. This means they also get hotter, which is why components often malfunction at high temperatures.

Dealing with the escalating heat that flows through the semiconductors of these shrieking items is a daunting technological challenge. There are various methods used to cool-off components, ranging from fan-cooled heat exchanges to more compact and sophisticated systems.

To effectively combat the heating problem in smaller devices, researchers have developed a liquid cooling system integrated directly within a microchip. It dramatically outperforms any of the previous approaches.

What is the new electronics-cooling microchip?

Scientists at the Swiss Federal Institute of Technology have developed a new technology to make electronic devices more energy-efficient. The new microchip has a micro-channel network built within the semiconductor itself, not attached to it afterward.

The design mimics and is heavily inspired by the human circulatory system. As study leader Elison Matioli explained: “It’s like the human circulatory system, which is made of larger blood vessels that only get thinner, transforming into capillaries, in certain areas of the body.”

Most chips today are cooled by using thermal materials to transfer heat from components to a large metal heat sink that dissipates the energy to the air, possibly with the help of a fan. This proved to be highly inefficient, as overheating is still a major problem for most electronics. Using liquid to cool chips is much more efficient, but most of the designs have failed so far because the cooling systems were added as an afterthought.

The key to this new approach is to create and embed the cooling system on the chip from the start in order to maximize the heat transfer.

Photo by Samuel-Elias Nadler on Unsplash

How does it work?

Ordinary chips are made of a thin layer of a semiconducting material called gallium nitrite, which is supported by a thicker silicon substrate.

The new chip has micro-channels carved within the silicon substrate and positioned to line up exactly with the parts of the chip that tend to heat the most. Therefore, the heat is extracted exactly in the right place to prevent spreading throughout the device.

The approach relies on an innovative fabrication method that integrates electronic and cooling structures in a single manufacturing process.

To demonstrate the effectiveness of the system, they built a circuit that can convert AC current to DC current. After a series of testing, they have shown that the chip can easily cope with heat fluxes of 1,700 watts per square centimeter. Normally this kind of circuit would require a much bigger heat sink, but the team was able to squeeze it onto a USB-sized piece of circuit board.

The system is cooled with a water flow of less than a millimeter per second. Other experiments have shown the system’s efficiency to be 50 times higher than what was achieved with another cooling technology that is not integrated within the semiconductor.

Chip limitations

Despite the innovative and breakthrough technology, researchers have only implemented their approach on power electronics devices. These are responsible for controlling and converting electricity and are quite different from data-processing circuits found in computers, tablets, and mobile devices. Replicating this approach to different kinds of chips will be quite a challenge.

Some scientists have pointed out that aligning the coolant channels with all the components in a much more complex chip would be very tricky. Likewise, there is a concern that liquid going through the channels underneath the devices could lead to stress that may impact the device itself.

Still, this technology is promising, and as the concept matures, it could be used for all types of electronics in the future.

Green Concrete – How to Make Environmental-Friendly Cement

0

Here is a fun fact for you: People produce about 10 billion tons of concrete per year, which makes it the second most produced and consumed substance in the world. The first one is water!
Due to its stability, durability, and strength, it is the world’s most widely used material for construction. However, despite all of his advantages, there has been a lot of speculation about the fact that concrete might be actively contributing to greenhouse gas emission.
Because of this, there is a pressing need for construction and other industries to adopt and introduce environmental-friendly materials. With this in mind, the concrete industry has decided to adopt a sustainable and eco-friendly alternative – the green concrete.

What is green concrete?

Traditional concrete uses cement as the main ingredient, which requires electricity and heat to be produced. This is responsible for 50% of CO2 emissions. The other 50% comes from a very demanding process of calcination, which is the transformation of limestone into quicklime. For this reason alone, the Beyond Zero Emissions has published a report which outlines several ways to improve this situation. 
One of them is the green concrete, a form of eco-friendly concrete that is manufactured and produced using waste or residual materials from different industries. It requires less amount of energy for production and thus produces less carbon dioxide. It is also a lot cheaper and more durable than traditional concrete.
The aim of this type of concrete is to lessen the burden on natural resources and increase dependency on recyclable materials. One of the multiple strategies that can be used for creating green concrete is re-using wash water to reduce water consumption. Other strategies include partial replacement of energy-consuming cement with reusable materials like fly ash, silica fume, wood ash, and many more. This is also called geopolymer concrete
Different types of eco-friendly materials
Australia is currently the leading country when it comes to using green concrete. Australian researchers have found effective ways to use many different types of eco-friendly materials like:

Photo by note thanun on Unsplash

Ashcrate
Fly ash is a byproduct of the combustion of coal and is discarded as a landfill. However, it can be used for manufacturing green concrete. 
Fly ash is mixed with lime and water, making it strong and durable just like the conventional cement. It can make for a nice environmental-friendly alternative since it leads to reduced CO2 emissions. 
Apart from this, it can also make concrete resistant to bleeding, shrinkage, and alkali-silica reactivity. 

Blast Furnace Slag
This glassy and granular material is produced by quenching molten iron slag from the blast furnace into water or stream. It can replace about 70% or 80% of cement and improve the durability of concrete. Its main advantage is that the production process emits less amount of heat for hydration.

Micro Silica
This material is an ultrafine powder, which is a byproduct of ferrosilicon alloy and silicon production. It improves the durability of concrete and makes it less permeable. Its main advantage is providing stability for structures that are exposed to harsh chemicals.

Recycled Plastic
In Australia, a Ph.D. student successfully used recycled plastic to produce concrete. He replaced the steel with this new eco-friendly material and reduced the CO2 emission by 50%. 

Fiber Cement
Fiber cement is a durable option that reduces the need for replacement parts and materials over a span of decades. It is created by using water, minerals, and air and using the fire to heat the mixture in a filtration process. 
The design is aesthetically pleasing and uses materials that produce less CO2. Fiber cement Fiber cement has already been tested and used in the construction of high-profile structures like the Tiroler Festival Hall in Austria. 

The Transformation Of UXDX

0

Rory Madden has been working in IT in the corporate environment for 17 years now and as you can imagine, he has seen and implemented his fair share of change during that time.

First cutting his teeth with Accenture and then for the Irish Airlines, Ryanair and Aer Lingus, with a dabble in the start-up world in between.
His latest start up is UXDX – a four day virtual gathering for the global product community, ‘The conference that helps teams build better products – bridging the gap between UX, Dev & Product’ which is now in its 5th year. But this year they won’t only be talking about digital transformation but UXDX are currently experiencing it, as they move to an online offering due to the Covid restrictions.

The UXDX confrence, pre-Covid restrictions

Due to be held in Dublin, Ireland the conference will now be available globally through a platform they are currently building.
Prior to the Covid shut down the team were set to hold some community events in the Nordics but the restrictions meant they moved them online, this gave them the opportunity to trial what would work online and what would not.
“We kind of practiced what we preach in terms of just get something out there. Write down the assumptions that you want to validate, test them, and figure out where you go from there,” explains Madden.

“We just did it on Zoom and we had a couple of assumptions around the format for how we’d run the sessions, how we’d do breakouts and how we’d do networking, and we learned a huge amount. It was kind of a testament to that idea of just get something out that you’re not proud of, get feedback and you can learn from there,” he explains, “because what we’re building now for October is completely different than what I would have built back in March.”

“what we’re building now for October is completely different” – Rory Madden on stage at the UXDX confrence

“what we’re building now for October is completely different” – Rory Madden on stage at the UXDX confrence

The conference format has changed to ten pre-recorded talks released every evening and the live scheduled sessions delivered afternoons only. There will also be an interactive area for panel questions and networking.

Continuing with the practice what they preach theme they are taking an agile approach to building their conference platform.
“I’m a big fan of piecing together existing products because a lot of companies fall into the trap of wanting to build everything. Whereas there’s so many good products out that can do different aspects – you should focus on what’s unique for you and what’s unique for us is our content – highlighting how companies are moving from working in projects, to working in product; moving away from just being told what to build to, to doing the discovery and building it yourself,” says Madden.

They are using Google’s Firebase platform as a base to build out their event platform.

“We’re kind of plugging and playing a lot of different apps together. There is still a lot of work in kind of trying to make things work together but it’s a lot easier than trying to build everything from scratch,” he adds.

UXDX will be held online 6-9th October and includes speakers from eBay, Reddit, Hootsuite and Condé Nast covering a range of topics in the product development space.

Workshops include impact mapping : Collaborative Strategic Planning, How Accessibility Can Be Intergrated Throughout the Lifecycle Of the Product and a Beginner Introduction to the Serverless Framework. The live sessions will include talks on Turning Motiviation into Action and Empowered Teams.

Macroalgae – How Seaweed Can Produce Bioenergy

0

Marine algal biofuel is considered a promising solution for energy and environmental challenges. All macroalgae have biomass that has the potential for bypassing the shortcomings of the first and the second generation of biomass gained from food crops and other sources. In general, macroalgae contain high levels of carbohydrates and have very little to no lignin, which is common for terrestrial plants.

This makes them a very promising source for liquid biofuel production via bioconversion. Scientists agree that macroalgal biomass can undergo fermentation and other processes in order to be effectively used for potential bioenergy production. While seaweed farming is considered eco-friendly in many ways, these strategies come with its own set of problems and obstacles.

Seaweed farming

So far, seaweed farming has been used primarily as a food source. This is particularly the case in Asia, while in recent years, it made its way to Europe and the US.

Seaweed farming can be divided into two categories: artificial culture and mariculture. Artificial culture requires cultivating seaweeds in a controlled environment, while mariculture uses the natural habitat of shallow lagoons as the perfect place for seaweed beds.

However, recent scientific research has shown that seaweed farming can be much more than just a food source. Currently, bioenergy is produced from various sources like corn and wood. But this takes a lot of space, resources, energy and creates a lot of pollution problems. Seaweed, or macroalgae farming, is considered to be the least environmentally damaging form of aquaculture. It requires little to no input of fertilizers, fresh water sources, medicines, and does not cause any major physical alterations or pollution of the environment.

Companies at the forefront of this idea view oceans as largely untapped resources and potentially a much better source of renewable bioenergy. The general idea behind seaweed farming is to use what is already there. The ocean is vast and will not compromise the needs of the population. Once harvested, the scientists can use various chemical processes to produce biogas, ethanol, and other forms of energy.

“seaweed farming has been used primarily as a food source” – Photo by Valeria Boltneva from Pexels

Bioenergy conversion

The conversion of macroalgae to bioenergy can be divided into two processes: thermochemical or dry and microbiological or wet process.

The thermochemical process uses heat to promote the chemical transformation of macroalgae biomass into energy. The microbiological process uses microorganisms to make or modify biomass to produce bioenergy. Once harvested, seaweed has to go through several other processes like direct combustion, pyrolysis, gasification, trans-esterification, hydrothermal liquefaction, saccharification, and fermentation in order to be converted to biofuel. To determine the yield and the properties of biofuel that is produced, it is important to know the chemical composition of macroalgae, the pre-treatment method used, conversion conditions and the characteristics of microbes involved.

Since macroalgae are rich in carbohydrates, this makes them most suitable for biogas, biobutanol, and bioethanol products. Furthermore, it is easy to examine the content of macroalgae for triacylglycerol, which is the best indicator for the suitability of the algae for biodiesel production. Macroalgae come with a high conversion rate and high percentage of fatty acids, which makes them a perfect candidate for producing bioenergy. However, some algae may also have a high concentration of metal, sulfur, and nitrogen, which may catalyze the process. So far, scientists have successfully farmed seaweed in shallow lagoons. Sadly, it produced very little bioenergy, and the harvesting took 2 to 3 months.

Problems associated with producing bioenergy with seaweed farming

To produce enough bioenergy, large-scale farming is needed. The problem experts are facing right now is that large seaweed beds will occupy the extensive marine area and can potentially alter natural habitats. There is also the problem of light, nutrients, carbon, and kinetic energy absorption in deep dark parts of the ocean. All components are required for successful seaweed farming. While technology is being developed, concerns are raised regarding the effect on many components of natural communities like bacteria, fish, macrofauna, and corals. This is why the construction of large and complex seaweed farms is still in the planning phase.

Producing bioenergy with seaweed is definitely possible. But before this turns into a viable option, further research is needed to determine how to deal with potential environmental risks associated with the development of large-scale seaweed farming.

How Tech Giants Are Applying New Remote Work Strategies

0

This 2020’s pandemic changed everyone’s lives, routines, work, and plans. Of course, Tech Giants weren’t exempt from this. Brilliant minds had to work together in order to develop new strategies to maintain productivity, use technology to optimize remote work, and protect their employees.

Business owners around the globe are rethinking their business models and transforming their organizational systems. And there are many lessons to learn from the chess moves of the tech giants.

In this article, we quickly analyze the main changes and decisions taken by the most relevant tech companies during this Covid-19 crisis. Here’s how tech giants are applying new remote work strategies:

Work from home until 2021 or forever

Facebook and Google were among the first large tech companies to decide to maintain remote work until next year. Google announced first that remote work will prevail until June 2020 and then extended this period until July 2021.

Not long after, Facebook also announced that a few offices will open but that their employees could work remotely until July 2021 as well. Both companies, Facebook and Google, also gave workers $1,000 for their home office spaces.

Twitter, on the other side, decided to go limitless: The company recently stated that their employees can work from home “forever” if they preferred this modality and found it suitable, even after opening all office spaces.

Postponing the return to the offices for such long periods—even “forever”— shows how these companies rely on technology, trust their workers and have developed strong internal communication strategies.

Big bets on AI

Tech companies have been forced to speed up their machine learning studies and experiments in orders to use this technology to optimize their work and services. Facebook and Google had to rely on AI sooner than expected and are now using it to moderate content.

Also, during the pandemic, Amazon has been working on new partnerships and strategies to train workers in AI and machine learning. It is no coincidence that Microsoft recently published a study showing that companies that apply AI technology are getting the most tech value.  Tech giants know that this technology is gathering momentum.

Google’s Remote Work Recommendations

Google published a playbook based on internal and external research to guide their workers through the distributed work experience. The company assures that remote work can be as effective as office work and suggested their employees to focus on three main categories:

1. The space: Google explains that virtual and physical space are both important. Workers should create comfortable home office spaces and also consider virtual spaces —use proper communication tools and set a friendly environment with the remote team.

2. The people: The company insists in prioritizing team communication and not just for work matters. The playbook mentions that it is important to also have friendly conversations with teammates and even encourages sending funny photos or interesting articles.

3. The practices: Having a coherent structure and clear rules is crucial. In the guide it is explained that everyone should have a good understanding of the expectations of the work and the communication system.  The rules include setting working hours and warns employees to make sure to separate work from home life and take care of their well-being.

Google understands that switching large teams to remote work without proper training isn’t easy, but counts on good communication, technology and developing good behaviors. This 2020 is offering everyone major lessons and the best strategies and techniques are still in development.

6 Social Impact Startups You Should Know

0

t’s been a rough year for startups and CEOs. However, we have seen many startups thrive during 2020, despite the pandemic crisis and the consequences our society has faced this year. 
 
Fortunately, social impact startups have also received fundings and managed to even provide solutions to the COVID-19 crisis. Also, institutions and organizations committed to the Sustainable Development Goals have been supporting non-profit startups that address at least one of the 17 global challenges.
 
In this article, we take a quick look at what social entrepreneurs have been creating and developing in the past few years, and how their projects are continuing to evolve despite the circumstances. These are the 6 social impact startups you should know: 

Not Today – Photo by cottonbro from Pexels

Kiva 

This startup, founded in San Francisco in 2015, provides micro-loans to help entrepreneurs and small business owners in underserved communities. Kiva unlocks capital to people who don’t have access to bank accounts or financial services. 
 
This non-profit organization operates in 76 countries. In 2019, Kiva deployed $1 Billion in loans to female entrepreneurs around the world and they recently included a special program to help individuals and businesses impacted by COVID.
 

DiveIn

Becoming a volunteer and making an impact in your local community is getting easier with DiveIn. This American startup wants neighbors to get involved and find a way to help by downloading a user-friendly app on their smartphones. 
 
From helping at an animal shelter to supporting evacuees from fires, Divein suggests different volunteering programs that adapt to the needs and interests of each user. 
 
CoderTrust
 
This Danish startup focuses on providing affordable education to help people in need to become successful independent freelancers. Codertrust was founded in 2014 and it has already reached 12 countries and helped over 11,500 students graduate from their courses. 
 
The company recently developed a digital platform for online courses and raised 625K euros in a round of funding from JBO Invest Holding and VækstFonden.

eSolidar

eSolidar is a marketplace for charity founded in 2014 in Portugal and has expanded to the UK, USA, and Brazil. This startup created a platform where users can donate, participate or create auctions, and sell or buy products or services for their preferred cause or organization. 
 
Over 900 charities are registered in their platform and it has raised over $730,000 for different causes around the globe, from organizations like G10 Favelas in Brazil to Animal Sanctuaries in England. 

Bayes Impact

Another interesting social impact startup is Bayes Impact, a French initiative that wants to build citizen-led public services for a more inclusive and transparent society. 
 
This non-profit group was founded in 2014 and in 2016 they developed a powerful tool, Bob, an AI­-powered job counselor to help job seekers find the perfect position.
 
UpEffect

This company’s philosophy is that we already have the resources and funds to make a better world, but the capital is not reaching the right people or the right organizations. UpEffect is a crowdfunding platform that specializes in selecting and funding meaningful projects and social entrepreneurs who can make a positive impact in their communities. 
 
This startup also provides social businesses coaching services and expert’s guidance to help social projects reach their goals and to successfully launch their products or services. 

Climeworks – capturing your carbon footprint

0

Conversations around the environment seem to have been placed on the back burner of late amid the global pandemic. While the grounding of many planes, and the lockdowns of the world’s cities, gave the appearance of the world healing itself there is no denying that in a bid to safe the spread of Covid – 19 the suitability rules have been flung out of the window – single use products are back with a bang and taking the car alone is deemed safer than using public transport, but at what is that to the environment?

Even though the cries for climate action have been masked in recent months there is still great comfort to be taken from knowing the good fight continues and one of the companies vying for a place at the top of that billing is direct air capture technology (DAC) Swiss start-up Climeworks.

The company was founded by Christoph Gebald and Jan Wurzbacher as a Spin-off from ETH Zurich. So far they have raised CHF 120 million in investment and have 14 plants throughout Europe from Iceland to Italy, they are ten years into their projects and are becoming big contenders in the DAC market.

Climeworks founders C.Gebald & J.Wurzbacher in front of Climeworks plant, Copyright Climeworks – Photo by Julia Dunlop

Climeworks direct air capture plants capture CO2 with a patented filter and are powered by either waste or renewable energy. The air-captured carbon is sold to customers in the food, beverage and agriculture, and renewable fuels and materials markets.

The project in Iceland removes the carbon dioxide from the air and stores it safely and permanently underground. The carbon dioxide is removed with a technology called direct air capture, mixed with water, and pumped around 700m underground. “With the specific geological circumstances that you have up in Iceland, within a year or two, pretty much all the co2 that has been pumped underground is mineralised and stored there in the form of calcite rocks,” says Climeworks Chief Operations Officer, Dominique Kronenberg.

Climeworks CO2 turned into stone with the Carbfix process, Credit Carbfix – Photo by Sandra O Snaebjornsdottir

Climeworks introduced a service on their website where customers can pay a subscription to offset their own carbon emissions.

“We were able to prove that customers, both private people and corporates, were willing to buy our carbon dioxide removal service,” continues Kronenberg, “this was the kind of change that we felt coming over the last couple of years but it wasn’t something that we foresaw when we started the company.”

“The customers that we currently have are pioneering customers that have a strong belief that a technology like ours is needed to reverse climate change. They have a strong feeling that what we do and how we do it is the right way and they would like to support our mission by subscribing to our service. In their name, we permanently remove carbon dioxide from the air and give them access to immediate and direct climate action,” he says.

Blessed are we that companies like Climeworks make it possible for us to take responsibility for our impact on the planet and give something back in the fight to slow down climate change.

Climeworks are on a mission to inspire 1 billion people to remove carbon dioxide from the air.

The Future of Accounting

0

The future of accounting has arrived. Automated systems are beginning to replace the desk of a hundred files and if you are an SME then automating your accounts could save you time, money and the dreaded tax stress.

Peter Connor CEO and co-founder of Bullet says it’s a disruptive time in the accounting world, the accountants don’t want us to know it, but this is happening and his new partnership with digital bank Revolut proves just that.

Conner has spent many years dabbling in Fintech products with his passion driven by creating the best user experience possible.

“I worked in Rabobank in Infrastructure and then I got an opportunity to work on the launch of RaboDirect, which was the online bank – that got me into FinTech products,” says O’Connor. “The web is a little bit creative, a little bit technical and with numbers as well – it was a nice merge. I had missed the creative side and the web kind of allows for that.”

With his creative side in full flow he became involved in various projects in the UX and UI space including a comparison site and a bill splitting site before creating Bullet, an accounting software platform. with co-founder John Farley.

Farley was on a mission at the time was on a mission at the time to build an accounting product that understood the rules and how to apply them – accounting software for non-accountants.

“The two of us set up the company and we started building Bullet and a year later we launched. We have an international product, and we have an Irish product. We’ve around 6000 customers in Ireland, and around the same amount internationally.”

Bullet offers SMEs a range of services, including accounting, invoicing, payroll, payments, reporting, bank reconciliation, receipt tracking, mileage tracking and support. “The big difference with our product and other products is Bullet is workflowbased software so that you never have to learn accounts.” They have just announced a partnership with British fintech company Revolut, “This is through Revolut Business,” says Connor. “At the moment, the first phase, we’ve just done an integration with them so we are just pulling their standard data set in, and then the next phase we’ll be automating the backend which will automate your accounts.  Once that is done we can start automating your tax returns for your year end – that is where it starts having a big impact on the accountant.”

“Our ultimate goal is for you, the user, to never really to have to touch Bullet, all you’ll use it for is to generate an invoice and then we’ll just notify you when your tax return is ready – the only bit we don’t do is the end of year return,” he says.

“The automation we’re delivering is kind of the final snap in accounts. Once a system gets clean data and you have a nice deep integration with a bank, you can automate everything. I think the impact that’s going to have on a lot of small business accounting firms is going to be huge – it’s also going to create some issues for larger accounting firms,” adds Connor.

Peter Connor – Bullet