Potential Innovators Of Tomorrow That You Should Explore!5 min read
Making life better is what innovation is all about. Without passion, innovation would not be possible. Innovators see the world differently. The goal of innovative people is to change the world from what it is to what it should be.
The goal of improving things becomes their obsession. In the for-profit sector, innovation often focuses on bringing value to consumers.
While other researchers focus relentlessly on the research needed to push the human race forward. Irrespective of the sectors in which we work, we are all dedicated to solving problems and building a better world than the one we have today.
Since everyone has already heard about global innovative dominators such as Apple, Amazon, Tesla, Adobe, Netflix, etc; it would be of utmost importance to spread awareness about the new young disrupting global innovating companies that could potentially take over the current dominators in the near future.
Here’s a list of the 5 potential innovators of tomorrow that you should explore!
1. Roku
Roku is a new generation of digital media streaming devices that have been introduced by the American company Roku, Inc. Anthony J. Wood is an English-born American billionaire businessman who is the founder, chairman, and CEO of Roku, Inc.
Using Roku, users can stream media content from a wide range of online services. By connecting a Roku device to your TV or installing it on your smart TV, you can watch TV shows, videos, and news over the internet.
Inc. Roku, which surpassed 100 million users in the US in 2020, has slowly reached the stage of being one of the most widely used streaming options in the USA. Taking this into consideration it would be a good option to explore this innovative company.
2. Doordash
DoorDash is an on-demand food delivery service founded by Tony Xu, Andy Fang, and Stanley Tang that works with local restaurants to deliver food to homes and businesses.
However, because of the way DoorDash orders are delivered, the app makes it easier for restaurants to enter the delivery business.
DoorDash operates in hundreds of cities across the United States, providing hyperlocal food delivery. The company works with restaurants, allowing them to set menu prices while controlling delivery and service fees.
The company has a 57% market share in the United States and is present in three international markets: Australia, Canada, and Japan. Today, the food delivery platform has over 20 million active users which proves that this service is an innovative one to explore.
3. Skillz
Skillz is a business that enables game developers to use the Skillz platform to turn any mobile game into an eSport.
Skillz is founded by an American entrepreneur named Andrew Paradise who is also the CEO of the company. Players match one another based on their skill level in that game.
The higher skilled players will play against other highly skilled players, and the new players will play against the other new players. This gives everyone a fair chance to win each and every game they play.
Skillz currently has 18 million users registered on the platform and runs about 2 million tournaments on a daily basis and includes tournaments from which you can win real cash prizes. Taking this into account Skillz is considered to be a winner when it comes to innovating businesses to explore.
4. Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency. Coinbase is an American company that was founded by Brian Armstrong and Fred Ehrsam who started the company in 2012.
Coinbase is a trading platform where users can buy, sell, and store over 30 different digital currencies. Coinbase is geared toward beginners, whereas Coinbase Pro, the premium service, is for avid and experienced traders who conduct high-volume transactions and want more trading options.
As seen on their website in their about us section, “approximately 73 million verified users, 10,000 institutions, and 185,000 ecosystem partners in over 100 countries trust Coinbase to easily and securely invest, spend, save, earn, and use crypto.”
By looking at these statistics and considering the global rise of cryptocurrency Coinbase is definitely a potential future global innovator to explore.
5. Twilio
Twilio is a cloud communications platform as a service company headquartered in San Francisco, California. Twilio was founded in 2008 by Jeff Lawson, Evan Cooke, and John Wolthuis.
Twilio’s web service APIs enable software developers to make and receive phone calls, send and receive text messages, and perform other communication functions programmatically.
In 2021 they had more than 250,000 Active Customer Accounts. The possibilities of billions of people connected by mobile devices, each with unprecedented processing power, storage capacity, and knowledge access, are limitless.
And emerging technological breakthroughs in fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing will multiply these possibilities.
Therefore, it would be of utmost importance to consider Twilio as a potential innovating company to explore.
How can you explore the 5 potential innovators of tomorrow?
If you would like to explore the potential innovators of tomorrow, you can do so with the DSP Global innovation fund of funds through the Paytm Money app. The DSP Global innovation fund of funds is an open-ended fund of fund scheme investing in Innovation themes.
The primary objective of the scheme is to seek capital appreciation by investing in global mutual funds and ETFs that primarily invest in companies with innovation themes having potential for higher revenue and earnings growth.
Explore DSP Global Innovation FoF NFO
If you want to know more about this fund then check out Paytm Money YouTube channel.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Paytm Money Ltd SEBI Reg No. INA100009859 Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. The NFO offering is non Exchange traded products and Paytm Money Ltd (PML) is acting as an agent for distributing the same. Please note all disputes with respect to the distribution activity, would not have access to the Exchange investor redressal forum or Arbitration mechanism. This information is purely based on publicly available data (Data source: Scheme Information Document, articles/blogs published dated 23.01.2022 on https://www.roku.com/, https://www.businessinsider.com/, https://www.inc.com, https://www.cnbc.com/, https://www.forbes.com/) and in no way to be considered as advice or recommendation. The securities quoted are exemplary and are not recommendatory.
