About Katherine Korakakis

Katherine has spent most of her life working alongside start-ups in various verticals. For 10 years, she was responsible for the development of entrepreneurial initiatives and projects under the auspices of the Youth Entrepreneurship Challenge, a Youth Secretariat program of the government of Quebec. She has authored and co-authored guidebooks on entrepreneurship education. Katherine first developed her passion for building businesses when she co-founded Glambiton. She was instrumental in the development of the first National Entrepreneurship Day for the province of Quebec. Katherine has served on the Boards of numerous non-profit organizations and currently sits on PMEMTL Centre-Ouest and EPCA. She sits on the investment committees of PME MTL Centre and PME MTL Centre-Ouest. These entities are the decision making bodies with regards to business financing with the city of Montreal. She currently is Manager of Entrepreneurship for ProMontreal Entrepreneurs (PME), an early stage VC fund and entrepreneurship program that invests in multiple verticals. The fund has a social business model and has been around for 20 yrs.Katherine has spent most of her life working alongside start-ups in various verticals. For 10 years, she was responsible for the development of entrepreneurial initiatives and projects under the auspices of the Youth Entrepreneurship Challenge, a Youth Secretariat program of the government of Quebec. She has authored and co-authored guidebooks on entrepreneurship education. Katherine first developed her passion for building businesses when she co-founded an entrepreneurial training event for girls called Glambition. She was instrumental in the development of the first National Entrepreneurship Day for the province of Quebec. Katherine has served on the Boards of numerous corporations and currently is the vice-president of PMEMTL Centre-Ouest and president of EPCA. She sits on the investment committees of PME MTL Centre and PME MTL Centre-Ouest. These entities are the decision making bodies with regards to business financing with the city of Montreal. Katherine is the Manager of Entrepreneurship at Ometz an early stage VC fund and entrepreneurship program that invests in multiple verticals. The fund has a social business model and has been around for 20 yrs.

5 conseils pour faire grandir une startup

L’environnement économique actuel n’est rien de moins que des montagnes russes, présentant des défis imprévisibles et des incertitudes. Dans ces moments-là, les promoteurs et les employés des startups peuvent se sentir inondés et ont souvent du mal à garder leurs repères. Cet article vise à aider à naviguer dans ces eaux agitées en proposant cinq stratégies que les startups peuvent mettre en œuvre pour maintenir leur équilibre et continuer à prospérer.

1. Faire la différence entre l’essentiel et le facultatif

Lorsque l’on traverse la tempête de l’instabilité financière, il est essentiel de pouvoir faire la distinction entre les besoins essentiels et les dépenses facultatives. Pour les entreprises en phase de démarrage, chaque dollar compte ; il est donc indispensable d’adopter une approche de gestion allégée. L’incertitude quant à la date de la prochaine injection de revenus incite à se concentrer encore plus sur cette approche allégée. Il est essentiel, aujourd’hui plus que jamais, d’orienter votre trésorerie vers les coûts opérationnels qui permettent à votre entreprise de survivre et de se développer. Les activités qui entrent dans la catégorie des « bonnes choses à avoir » doivent être reconsidérées – il peut être prudent de les suspendre, de les mettre en attente et d’éviter tout engagement hâtif.

2. Donner la priorité à la rétention des clients plutôt qu’à l’acquisition

L’acquisition de nouveaux clients peut être tentante, mais c’est une voie qui implique des coûts élevés et des efforts considérables. Si vous êtes partagé entre la recherche intensive de nouveaux clients potentiels et la retention de votre clientèle existante, c’est la retention qui devrait l’emporter. La priorité doit être donnée à une stratégie visant à minimiser le taux de désabonnement, à cultiver vos clients existants et à redoubler d’efforts dans les domaines qui ont fait leurs preuves. La métaphore du jardin s’applique bien ici – prenez le temps d’entretenir et de nourrir votre « jardin » existant au lieu d’essayer continuellement de planter de nouvelles graines.

3. Tirer parti des aides disponibles et de leur effet de levier sur le crédit

Les gouvernements du monde entier s’engagent à soutenir les entreprises dans les moments difficiles en prenant des initiatives telles que des prêts à faible taux d’intérêt. Dans le même temps, les fournisseurs et les prestataires de crédit accordent des facilités de crédit à leurs clients. Recherchez et exploitez de manière proactive ces possibilités dans votre région afin de renforcer la viabilité à long terme de votre entreprise. Cela peut impliquer un surcroît de travail administratif, mais l’effort en vaudra la peine lorsque vos parties prenantes – employés, clients et partenaires – constateront que votre entreprise ne se contente pas de survivre, mais qu’elle prospère au milieu de la tourmente économique.

4. Cultiver une culture de transparence

La transparence est un outil puissant qui peut susciter la confiance et la fiabilité, en particulier auprès des investisseurs, des conseillers et des personnes directement impliquées dans votre entreprise. Dans les moments difficiles, l’honnêteté doit être votre principe directeur. Si vos réserves de trésorerie s’amenuisent et que votre taux d’absorption atteint des sommets, il est essentiel de faire part de vos préoccupations à vos investisseurs. N’hésitez pas à demander de l’aide si vous en avez besoin. N’oubliez pas que l’aventure entrepreneuriale n’est pas une aventure solitaire et que vous n’êtes pas le seul à être confronté à ces problèmes. Vos investisseurs et vos conseillers sont probablement dans le même bateau et sont là pour vous aider à naviguer.

5. Développer la résilience

En cette période de stress et de défis sans précédent, votre startup sera inévitablement confrontée à de nouvelles difficultés. La résilience n’est pas un luxe mais une nécessité. Il est sage de conserver une attitude positive et de croire fermement en la solidité de votre modèle d’entreprise. Si l’évolution rapide de la situation nécessite une réduction du personnel, une réduction des coûts opérationnels ou la dissolution de certains partenariats, essayez de trouver le bon côté de ces décisions difficiles. Le monde tel que nous le connaissons peut se transformer radicalement au cours des six prochains mois, mais les décisions intelligentes et stratégiques que vous prenez aujourd’hui pourraient être la pierre angulaire de la réussite future de votre startup lorsque la situation commencera à se normaliser.

Les périodes difficiles sont souvent propices à l’innovation et à la résilience. Adoptez ces stratégies et continuez à vous alléger, à vous concentrer et à faire preuve d’agilité. Adoptez la transparence et donnez la priorité à vos clients existants tout en gardant un œil sur l’aide disponible. Ce sont les startups intelligentes et résilientes qui sortiront renforcées du monde post-pandémique.

Israeli Innovations Changing the World

Israeli innovations

Israel; a tiny country that is only 70 years old, has developed into a tech giant. Many Israeli innovations have literally changed the world beyond all recognition. Referred to as the start-up nation, Israel has more tech start-ups per capita than anywhere else in the world. This is impressive for a country with a population of about 9 million people. Its progress and innovation in such a short period is incredible. Some amazing tech that has come out of start-ups from Israel include Waze, Netafim, Mobileye, WaterGen and the firewall are just of the few of the many.

  1. Waze

Ehud Shabtai  wasn’t satisfied with the GPS devices available in israel so he took action. He noticed that GPS devices were not able to accurately provide traffic information in real time. Him, along with two other engineers  created a community project called Free Map Israel. For the first time ever, they used crowdsourcing as a way to upload traffic information in real time.The app was able to upload data from other users and create more efficient routes accordingly. Free map Israel was then turned into the company Waze. The community grew and in 2013, Google bought the company  for $1.1 Billion. The company of about 100 employees earned the biggest buy out in Israel tech leaving each employee with about 1.2 million dollars. Thanks to this Israeli innovation, everyone across the globe is using this GPS app to get them from point A to B in the fastest way possible.

  1. NetaFim

For many years, farmers in Israel struggled to grow crops in the dessert soil. It is said that the greatest inventions come from necessity. Drip irrigation was invented and developed by Netafim in the arid land of the Negev desert in Israel. Since then, they have changed the lives of millions of farmers across the world. Due to the struggles that Israeli farmers faced, it lead them to find a solution that would allow them to grow crops more efficiently and effectively in any climate.

In 1965, engineer Simcha Blass began building the early models for drip irrigation. Blass was able to realize that fewer regulated drips of water was able to make a huge difference in plant growth. Kibbutz Hatzerim then signed an agreement with him to establish Netafim. Netafim was able to improve crop yields by 70% while reducing the water usage by 5%. NetaFim is now the world’s leading irrigation company that operates in 150 countries. In 2017, Mexichem SA acquired Netafim from Perima Holding for $1.5 Billion.

  1. Mobileye

Autonomous driving has finally arrived. Cars are more advanced than ever and are now able to sense their surroundings with little human input. Most new cars are equipped with advanced driver-assistance. This is thanks to Amon Shashua who started developing this technology in 1999 in his academic thesis. His research turned into a reality. He developed the algorithm that would allow cameras to detect and alert drivers of hazards such as pedestrians. Since then, the technology has quickly advanced and now Mobile eye technology is now used in over 25 automakers. Mobileye is one of the biggest exits for an Israel company. Intel coorporation bought the company for 15.3 billion dollars.  Due to this Israeli innovation almost every car on the market  is becoming equipped with their technology.

  1. WaterGen

Approximately 2.1 billion people worldwide live without access to safe water and, of that amount, roughly 1.7 million children die annually. Luckily, Watergen has found a solution to decrease this number significantly. Using nothing but a portable generator, WaterGen discovered how to produce clean drinkable water out of thin air.

In 2012, founder Arye Kohavi and his team launched the first generator able to cool and liquidize the air vapour present in the atmosphere anywhere from rain forests to desserts. Using their patented GENius technology, their generators can produce four litres of clean water for every kilowatt-hour of electricity it uses. Their technology is even able to account for air pollution, filtering out any impurities. WaterGen can produce up to 5,000 litres of premium quality drinking water per day per unit. Using 70% less power consumption than any other competitors and proven 100% clean premium quality drinking water, WaterGen is a life-changing product that plans to bring clean drinkable water to millions of people across the globe

5. Firewall

Cyber security has become a major problem as our world has become so technologically inclined. This Israel startup, Check Point Software Technologies, has become a world leader in cyber security. The software we all use to protect our devices from dangerous cyber activity is thanks to Gil Shwed, Marius Nacht, and Shlomo Kramer. In 1993, Check Point was the first to commercialize Firewall, a software technology used to protect against any malicious cyber activity. Since then, they’ve partnered with major tech companies like Nokia and have set up main offices in North America with approximately 5,000 employees. Cyber security has quickly evolved and advanced, and it all began in Israel.

These are only a few of the many tech start-ups from Israeli entrepreneurs. They are constantly working to improve and find innovative solutions to everyday problems, becoming global leaders in the tech world. Many of our advancements in technology have risen from Israeli entrepreneurs due to their world-leading, innovative solutions. They deserve recognition for their ingenuity and impact that spans the globe.