The Entrepreneur’s Journey to Business Success
The combination of engineering and entrepreneurship is defining the first quarter century of this millennium. From fintech to fibre optics, we’re seeing that the revolution isn’t so straightforward. Meaningful innovation tends to move incrementally and steady rather than big and fast.
The story of two startups, EidoSearch and Fibos, illustrates the journey from ideation and research to business success. Dr. Xiao-Ping Zhang’s EidoSearch is a probability intelligence company. Nicholas Burgwin’s Fibos enables high-speed, high-resolution measurements to be performed with unprecedented precision.
Masters Electrical Engineering Class of 2016
and Fibos Co-Founder & CEO
The Norman Esch Engineering and Entrepreneurship Award at Ryerson was incredibly instrumental in developing Fibos, as it provided $38,000 to establish the company and build prototypes to validate both the technology and solution. Not only was this seed funding essential, but the award application process encouraged and challenged me to perform market research and apply critical thinking towards the product and its market fit.
Dr. Xiao-Ping Zhang
Professor, Electrical and Computer Engineering
and EidoSearch Co-Founder & CEO
We found greater acceptance among hedge funds that use a purely systematic investment approach. We shifted our focus and now concentrate on selling data signals generated by our proprietary forecasting methodology to systematic funds.