1/8/2024 0 Comments Sbart athleticweat![]() ![]() In 2020, researchers from the Massachusetts Institute of Technology (MIT) showcased washable, garment-woven biosensors for telemedicine and remote patient monitoring. Scientists are working on sensors that can withstand multiple washes and still perform effectively. However, garments undergo regular washing that damages the integrated sensors. The data they generate allows users to monitor their health and fitness. Sensors are at the heart of smart clothing. The project will conclude in 2022 and could help smart clothing move a step closer to the mainstream by overcoming power supply constraints. The Smart2Go initiative, part of the EU’s Horizon 2020 research and innovation programme and led by Fraunhofer FEP, is developing an autonomous energy supply platform for wearables, including smart clothing, using a combination of powerful batteries and appropriate energy harvesting technologies. Thermo Tex, an initiative funded by the EU, explored thermoelectric textiles that harvest the user’s body heat to power electronics. The European Union (EU) plays an active role in developing alternative power sources for electronics, including clothing. Start-up ecosystem outlook by top geographies by GlobalData Read our report and gather insights on the following topics: This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. ![]() This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. 2021 was a record-breaking year, with more businesses breaking into the billion-dollar club.
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