Q&A with Joyce Sidopoulos
Today we’re kicking things off with MassRobotics’ chief of operations, Joyce Sidopoulos, who was also a great help for my recent trip to Boston. See you on the other side.
TC: What was the biggest robotics story of 2022?
JS: There are a number of stories that are changing the landscape of the robotics industry, such as Hyundai’s announcement of a $400 million AI and robotics institute powered by Boston Dynamics, but one of the most impactful stories is Amazon’s acquisition of iRobot.
What are your biggest robotics predictions for 2023?
The adoption of robotics will continue to grow at a rapid pace, in spite of, or possibly due to, the predicted economic downturn. The last few years have proven the worth of many robot systems, such as those used in warehouses.
How profound of an impact has the pandemic had on robotics?
Very. The pandemic highlighted the value that robotics can provide, and spurred on more development and commercialization. The pandemic led to the realization that domestic manufacturing needs help and our supply chain is broken, areas which robotics can help solve. Industries began to adopt collaborative robots to help with workforce shortfalls and that will continue.
How much of an impact has the macroeconomic environment had on robotics investing?
We are definitely seeing that it is taking startups longer to raise rounds, but so far there are funds still available. MassRobotics recently held an investor demo day for about 30 of our startups and we had a great turnout of interested investors.
What underaddressed category deserves more focus from robotics startups and investors?
Climate change and sustainability. We will need to make significant strides in using technology to impact some of our global challenges, and we believe robotics can play a growing role, from wind turbine inspection to automated recycling.
How will automation impact the workforce of the future?
The best applications for robots today are where robots work in conjunction with human workers. Companies that have been successful in deploying robots have increased their workforce. Robots will replace dull, dirty and dangerous jobs. Those are the undesirable jobs that are not easily filled.
Are home robotics finally having their moment?
We are watching Amazon’s acquisition of iRobot closely. We believe there are plenty of opportunities for robots in the home in the future.
What more can/should the U.S. do to foster innovation in the category?
Increase the support for the startup community by investing in innovation centers (like MassRobotics) and create incentives for small and midsized firms to adopt robotics to allow them to be competitive on the world stage.
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