Abstract: Success in a photonic startup company requires constant attention to the balance between risk and opportunity. These risk / opportunity decisions involve many different areas, technical, marketing, financial, organizational and psychological, among others. Some of these decisions are very specific to photonic startup issues but the balance of opportunity and risk touches on a broad range of aspects of life, of course. This presentation discussed the general nature of risk and opportunity and from these general ideas will then derive recommendations for effective risk management methods in photonic startups. The presenter did this through examples drawn from his own experience and from the experience of others that have influenced him strongly Bio: Dr. Daniel Renner received a Ph.D in Opto-Electronics from the University of Cambridge in England. This has been followed by 37 years of industrial experience, where he has been deeply involved with the development, manufacturing and commercialization of complex photonic devices and systems used in communication, sensor and industrial applications. His experience spans both the technical and the commercialization aspects of photonic products, having led activities in many areas, including technology and product development, identification of new business areas, introduction of new products, marketing and sales. Through this experience he has gained a respectful appreciation for the critical importance of effective business risk management. |
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