i would have gone on a trip to cuba i would not have put myself in my paris sometimes dangerous part of the theme of the going to be the sleeper with. little to do and i had serious problems on a personal level and i was unable to live there with much i'm going to. want to know their story in full migrants verified reliable information for markets . i think there's a world market for maybe 5 computers that's what i.b.m. chairman thomas j. watson is meant to have said back in 1943

a good example of how bad we can be at predicting the future and that includes the inventions that have the potential to transform how we live and work this week on made where looking at the innovation economy. well you can have the best idea in the world but if you can't capture people's imaginations that amazing invention of yours will never see the light of day you need funding to get that you need investors and you have to be convincing they're the ones you have to win over 1st well before the consumer the other thing is that the investors have to believe they going to get their money back from you and make a return of the a big one it's risky business but no pain no gain and the rules haven't changed even in this pandemic or maybe you could say coke at 19 when the appetite for some real risk taking. a life saving vaccine and a huge money maker early investors in the german company biotech and now sitting

pretty one of them was acting on behalf of a venture capital fund but i think we put in 13 and a half 1000000 and this got our shareholders a return of 600000000 and that's not the end of it. that's more than a 44 fold return on the investment it's a success story that could help other companies attract a venture capital. will it make financing innovation easier. this woman knows how hard it can be to find investors she's pleased for biotech. you does a fight every success helps the industry and the startup scene his. her own startup links patients and doctors but isn't turning a profit yet the capital is where the finding capital is key when starting up a company especially right at the very beginning you start with seed funding that's

the 1st financial support the early funding stage the business idea exists and maybe a small product to action can split book this is followed by other funding stages a startup should have time to grow before it has to turn a profit. i think anyone who has money can give it. it's the employees of big venture capital funds who are on the lookout for ideas with big potential. but it's interesting for us when a company thinks about where it will be in 10 years and what it will have to do by then to change the world rather than where it is now and what it ought to do next year. this man has that kind of long term vision. and bagman is a biochemist and an investor he's driving research into. sepsis for every new promising approach he set up a company. set up 15 companies. one of his company's

markets devices like this it's designed to find biomarkers within 20 minutes that indicate where the septic shock is imminent another risk researching a medication that seeks to harness an antibody to stop vascular leakage and prevent septic shock it's about to go into clinical testing but a phase 3 study is expensive. foucault hind the company's chief business officer faces the challenge of raising 80000000 euros can she do it. we have to be transparent about where we're headed what are the risks of the opportunity for some areas septic shock patient numbers are sky high we're talking about $500000.00 patients in the u.s. in europe each year they're crazy figures doesn't that to you and for the time nevertheless it's still hard to attract 18000000 euros

a venture capital especially in germany. as venture capital funds are much more willing to take risks than european ones so they have billions at their disposal whereas the european funds might have 50000000 or 120000000. that's one. desperately need more money and above all more people in wealthy countries who are prepared to invest a small portion of their money into something like that just think in germany alone private households have savings worth 6 trillion euro. but they're a big risks attached if the company isn't a success the money is lost. biotech is an exception to that rule the company made losses but investors were prepared to keep

injecting fresh capital even well before the coronavirus pandemic the founders were tirelessly trying to develop that at the time unproven approach and. really have clearly defined work and leisure time. i see it as a privilege that we are able to dream. and his wife is named the team behind the biotech vaccine have migrant backgrounds one in 5 company found as in germany the same goes for 2 according to the german startups association these founders get less capital on average. because many founders with immigrant backgrounds who i know personally and i include myself we have managed to turn this sense of being different or being treated differently into something positive for me personally it's spurred me on to prove myself to say

i'll show you what you have advised. many innovations are still out there waiting on hard drives. and many entrepreneurs that eager to prove themselves but only when they find investors will their ideas be able to bear fruit and ultimately bring return. otherwise it's down the drain which brings me to one innovation that most of us have been sitting on for almost every day of our lives. it's an invention so convenient progressive and transformative that we've dedicated a whole segment to it is our report. on the history of sanitation. penicillin vaccines for transplant all these innovations are rightfully hailed as medical. but if you ask me another invention we don't really talk about in these terms and more than deserves to be held in the same regard.

thank you. speaking about the time. you should give a crap about your crap or because it has a huge impact on your life and humanity in general many of us take modern sanitation for granted at best and worst subject to be avoided due to what you know goes in there. that's exactly the point goes in there and then vanishes like you know then now that's amazing. for the vast majority of humans that have walked the earth once they've done their business there were kind of stuck with it and that's by no means a problem of the past even today many people around the world don't have access to adequate sanitation that has dramatic consequences from disease to violence to a negative impact on the local economy the market sector itself actually has huge

economic potential. sanitation industry is a multi-billion dollar business that goes well beyond the 20 late lection and treatment of waste and the production of products that can be reintegrated into global so. let's not get ahead of. what it all start. throughout history sanitation more and less sophisticated appeared and disappeared repeatedly the earliest facilities we know of appeared around 5000 years ago in places like today scotland crete and most impressively pakistan. was living in today's pakistan. houses and the water supply. also. this civilization. water patient concept which is quite similar to what we are using

today. the 1st major breakthrough in modern low technology came when search john herrington invented the flush toilet in the late 16th century he was an english poet member of the 1st royal court funny enough as a sort of game of actors into. his ajax device featured an elevated tank that emptied water into a bowl to wash away its contents. almost 200 years later in 775 the ass chip was patented trips a small amount of water in the drain to events were gases from rising up. aside from minor updates down the line this is pretty much how modern 1st. you push a button which opens a valve in the tank and the toilet flushes a floating device lowers and eventually opens another valve letting new water flow into the tank when it's full you're ready to go again but the tolerance self is

only half a deal really changed as how disposable after it's left the boat so that some presidents say that without the industrial revolution we have happened. in the mid 1800 exploding populations in urbanization lead to rampant outbreaks of diseases in english cities. many diseases spread because drinking water was contaminated with sewage the 1st person to discover the direct link between human waste in an outbreak was a physician named john snow. blower. after a cholera outbreak ravaged a london neighborhood in $854.00 to prove that several cases had clustered around the single water pump next to a cesspit which was the go to solution for waste management in those days then came the great state. that's not the title for a new pixar flick it's what londoners called the horrible stench that envelop the city in the summer of 158 london swayze had been dumped or reckless into the thames

for decades but unusually high temperatures made the foul odor rising from the river unfairly unbearable this was the final straw and eventually led to the construction of one of the world's 1st modern sewage systems when the industrial revolution started to go elsewhere modern sanitation came with it but like with so many other privileges of the wealth they had to create colonized peoples did not get their fair share they are currently 2400000000 people in the world without sanitation without sanitation facilities in their home or workplace and there's 4500000000 people so over half the world's population that don't have a managed sanitation systems from the toilet bowl rape treatment for waste this creates a huge problem in developing world where then people simply don't have a 20 that are decade ing in the open this sanitation crisis causes several serious

issues chief among them risks to health. back off access to adequate sanitation contributes to the transmission of diseases and viral outbreaks was in response the good during the 'd during the. 2014 and 15 are so focused on. the importance of these basic facilities according 282-9000 report by the world health organization in adequate sanitation is estimated to cost 432000 deaths due to diarrhea and you in the open dissertation also puts people at risk of becoming victims of violence especially women they face a higher risk of being sexually assaulted and these issues also have long term knock on effect it stops goes for example if i'm going to school if they can't safely hygiene if they go to the toilet or when the administration then they may not go to school and after. being unable to attend school makes it much harder to

earn a living later on let alone escape poverty. to tackle the issue wholesale session isn't just part of johnson running into the sunset they support communities education and finances to kick start s. and it takes an economy to turn the party coalition it came up with the sanitation economy approach in 2017 and it's made up by 3 distinct areas 2 vastly oversimplifies by combining a marketplace for toilet related goods and services with a marketplace for sanitation and a data driven sanitation infrastructure communities can establish a growing self-sustaining economy in order to facilitate a transition from thinking about sanitation as a cost to thinking about it as a business opportunity we've worked or the asian development bank and world bank to understand the economic potential a thriving sanitation economy marketplace so we looked 1st and foremost at india as an example and what we found is that there's a market opportunity at $97000000000.00 u.s.

dollars in $22.00. 1. another big aspect of the future sanitation economy is innovation so the sanitation crisis is multifaceted and there are many solutions that need policy and financial interventions but there are still some areas many technologies needed relatively speaking since the great stink not all that much has changed in how we handle sanitation but another pressing global issue is pushing activists and scientists to rethink the status quo. climate change as climate changes this can be even more challenging facilitation because for example if flooding increases then where people are relying on sites on the trains washed out the contents of pit latrines what amount of the street well they're going to cause a health hazard but was can destroy the water pipes and other infrastructure.