In our ongoing “Shared Future” series, we engage with influential thinkers and doers within our network to gain insights into their vision of the future. We had the privilege of interviewing Dewi Van De Vyver, a seasoned entrepreneur, tech enthusiast, and ICT Woman of the Year.
In this talk, we dive into the most significant developments witnessed in the past decade, the current state of innovation and entrepreneurship in Belgium and the EU, and the expectations for the future. Join us as we explore these topics and gain valuable insights from Dewi.
Dewi, what was the most striking evolution or important development you have seen in the Belgian or European ecosystem in the past 10 years?
In the past 10 years, I believe the emergence of accelerators, incubators, and co-working spaces has been a monumental evolution in the ecosystem, as well as the increase of online information.
When I founded my company Flow Pilots in 2011, there wasn’t much support available for startups, and information was primarily accessible through paid services. Over the years, I have observed a significant increase in freely available information online, which has been a game-changer for entrepreneurs. Access to abundant information has been immensely helpful, especially when financial resources are limited during the early stages of a venture. Additionally, the prevalence of books written by successful entrepreneurs has been another valuable source of knowledge and insight.
What are your thoughts on the current innovation and entrepreneurship ecosystem in Belgium or the EU?
In the past 10 years, I believe the emergence of accelerators, incubators, and co-working spaces has been a monumental evolution in the ecosystem, as well as the increase of online information.
When I founded my company Flow Pilots in 2011, there wasn’t much support available for startups, and information was primarily accessible through paid services. Over the years, I have observed a significant increase in freely available information online, which has been a game-changer for entrepreneurs. Access to abundant information has been immensely helpful, especially when financial resources are limited during the early stages of a venture. Additionally, the prevalence of books written by successful entrepreneurs has been another valuable source of knowledge and insight.
What are your thoughts on the current innovation and entrepreneurship ecosystem in Belgium or the EU?
I have an in-depth understanding of the Belgian ecosystem, and I find it commendable how initiatives like the GAN network and events such as Inspiring 50 in Europe have facilitated networking opportunities across borders. These platforms have made it easier to expand one’s network and connect with like-minded individuals from various countries. Moreover, the rise of online courses, accelerated by the COVID-19 pandemic, has allowed entrepreneurs to quickly gain knowledge and forge connections beyond their geographical limitations. For instance, in a recent course I participated in, there were individuals from 12 different countries.
While the ecosystem has shown positive developments, I do have some concerns. I believe there is a proliferation of similar initiatives and incubators without much differentiation. This fragmentation waters down the ecosystem’s strength and effectiveness. It is crucial to focus on identifying gaps and addressing them, rather than creating redundant programs.
What are your expectations for the future of technology and its connection to entrepreneurship in the coming decade?
Looking ahead, I believe it is important to acknowledge both the positive and negative aspects of technology. There is a substantial dark side to tech, ranging from the dark web to environmental and social costs associated with mining resources for tech components. As these issues gain more attention, we are likely to witness significant opposition against the exploitation of lands and the excessive energy consumption of AI-powered systems. It is vital to consider the ethical implications of technology and strive for responsible innovation.
Gradations in AI usage should be made, distinguishing between harmless applications and those that have significant societal impacts. Furthermore, when it comes to AI’s use in screening individuals, great caution must be exercised. Historical biases embedded in data can perpetuate unfair outcomes, leading to discrimination. For example, women have often been excluded or underrepresented in historical records. Similarly, we see instances of censorship, like the removal of books by black writers from schools in the United States. Therefore, it is crucial to be aware that using biased historical data as the basis for generating future data can lead to significant and unjust disparities. We must remain mindful of this fact and not overlook it amidst the hype and excitement surrounding AI and technological advancements.
Are there types of technology that you see as a hype at this moment?
In the tech industry, many trends start off as a hype before finding meaningful applications. It’s only when the right use cases are discovered that the technology becomes substantial. For instance, there have been instances where the initial hype surrounding certain concepts like the metaverse turned out to be overstated. However, the knowledge and progress gained during these hype cycles often lay the foundation for future developments.
Take the example of Google Glasses, which was initially perceived as a failed project. Today, augmented reality through glasses is an area of significant investment and innovation. Hypes can serve as a catalyst for new initiatives and pave the way for future breakthroughs.
If you must choose, what type of technology excites your curiosity the most?
I find AI particularly fascinating, especially when it comes to advanced visual processing applications like genetic engineering related to e.g. protein-folding . It’s remarkable how AI can contribute to society, particularly in the realm of prevention. Nanotechnology and nanobots also capture my interest due to their potential in targeted cancer treatments. These technologies offer tremendous benefits, such as assisting the visually impaired with enhanced sensory perception. However, it’s disheartening to see technology being misused for unethical purposes. Striking a balance between positive applications and ethical considerations remains a challenge.
With whom would you want to start a business if you had the chance? As a co-founder, for example?
I think the choice of a co-founder depends on the nature and direction of the business. In my current startup, I couldn’t have asked for a better co-founder as we complement each other’s skills and have a strong rapport. However, if I were to venture into marketing, I would seek a co-founder with expertise in that domain to enhance our marketing strategy. The right co-founder is crucial for success, and finding someone with the necessary skills and shared vision is essential. Although, and probably a better answer to your question, it would be exciting to have a team of renowned industry leaders.
Is there something that you think next year will bring that most people don’t expect or don’t believe in?
In my De Tijd column, I extensively explore the subject of leadership and its evolving nature. The past year has witnessed a significant shift from remote work to returning to the office, leaving leaders grappling with the question of how to navigate these constant changes. Looking ahead, I foresee a trend that will either encounter significant challenges or trigger an identity crisis for many CEOs.
The conventional approaches that have long been considered effective are rapidly losing their relevance, as more people voice their dissatisfaction with outdated leadership behaviors. This will particularly impact leaders who are accustomed to traditional models exemplified by historical figures. The clash between established leadership styles and evolving expectations will intensify, potentially leading to an uptick in burnouts and the much-discussed “great resignation.” The root cause of these issues can often be traced back to toxic leadership, although it may not be immediately apparent. As we move forward, there will be a growing demand for a counterbalance to such leadership practices. Just as greenwashing exists, there is also a form of “leadership washing”, where leaders make public declarations about embracing diversity, ESG principles, and more, but fail to genuinely embed them into their organizational culture.
One last question, Dewi, what do you like about working with Cresco?
Cresco’s professional collaboration and expertise, particularly in IP discussions, impressed me as a non-legal professional. Understanding the implications of signing legal documents, especially in relation to intellectual property, is crucial to me. The team’s ability to explain complex concepts in a simple and comprehensible manner was highly valued.
Additionally, their approach of fostering an environment where questions are encouraged, and no problem is considered too trivial was greatly appreciated. It’s reassuring to know that support is readily available when needed.
