HP Innovation Journal Issue 07: Summer 2017 | Page 28

MARKET WATCH Strategically investing in the future of print Propelling new print opportunities forward through partnership P rinting technology advance- supporting their growth through the ments are revolutionizing in- partnership with HP. dustries, global markets and The HP Tech Ventures team re- the labor force like never before. In cently had the opportunity to par- the Industry 4.0 and the Future of ticipate in The Junction’s batch #16 Manufacturing article, (see page 4), ‘Demo Day’, an event attended by we discuss how 3D printing is dis- investors and corporate partners rupting the $12 trillion manufac- during which 5 graduates of the turing industry. Similar things can 6-month program presented their be said about 2D printing’s impact work and roadmap, including a start- HP Tech Ventures team recently participated in The Junction’s batch #16 on textile, packaging, promotions, The up in the printing space. ‘Demo Day’ and even pharmaceutical industries. HP Tech Ventures team was also From wall coverings to street signs, to milk HP Tech Ventures is another example of fully integrated into the selection process for cartons that alert you to spoiled milk, to rocket HP’s open innovation mindset. Working with The Junction’s batch #17 group, to which over parts, even jawbones, nowadays almost any- early-stage startups, accelerators and incu- 200 startups applied. The HP team was in- thing can be printed. Printing technology has bators enables HP to foster an ecosystem of volved in screening applicants, selecting final- advanced so rapidly that practically anything innovation around the company’s strategic ists, and participating in The Junction Founders you can imagine will one day be able to be pillars of growth. Printing being one of those Camp event. This 2-day event featured the printed. Couple that with the need for faster key pillars. 20 finalist teams being reviewed for the 17th prototyping, increased customization, and a In the printing space, HP is looking at batch of the Junction program. They were in- sustainability desire to produce products closer potential partnerships across a broad array vited to a Kibbutz north of Tel Aviv where they to global customers, and you can easily see of printing and manufacturing applications. interacted with an esteemed group of advisors why these advances are occurring. From smart packaging to textile printing, to and corporate partners. The start-up compa- As a long-term leader in printing and services and security, through to 3D printing ni es undergo intensive review through 1-on-1 manufacturing, innovation and rising to the applications and technologies, HP is thinking meetings and pitch sessions with the different needs of markets and customers is at the broadly about how new printing applications advisors. The HP Tech Ventures team was a heart of everything HP does. HP recognizes will transform today’s markets and industries. central part of the final decision committee, that to achieve true market disruption it can HP evaluates partnerships and investments in selecting 5 companies out of the 20 finalists easily take a village or two and an open inno- early-stage startups by looking at the startup to join the 6-month program. vation mindset. In the 3D printing space, HP company’s team, capabilities, product/market During the program term, the HP team has launched the HP Multi Jet Fusion Open fit, and strategic alignment with HP’s business. will provide close mentoring and monitor Platform to allow companies to collaborate New printing startup opportunities can each startup’s execution, working towards on material innovations and accelerate time come to HP in a variety of ways including joint projects, pilots and investment oppor- to market. This is a great example of having through accelerator and incubator partner- tunities together with The Junction and F2 an open innovation mindset. By recognizing ships. One such relationship HP has is with Capital team. that innovation can come from anywhere, seed stage program The Junction in Israel. The It’s through collaborations and partner- both inside and outside a company, HP has Junction is owned and operated by F2 Capital, ships like these that HP will lead the trans- broadened their opportunities and created a leading Venture Capital Fund dedicated to formation of industries and usher in the next innovation scale. investing in deep technology companies and wave of printing technologies that will disrupt markets and industries for years to come.   28 Innovation Journal · Issue 7 · Summer 2017