An Aussie startup using drones to conduct commercial deliveries has been listed alongside 55 “game-changing” companies creating “truly innovative technology”.
A new CB Insights report points out that many companies at the moment aren’t really working towards solving real-life problems.
The report quotes venture capitalist Chamath Palihapitiya, who says not enough startups are truly innovative.
“This is the biggest problem with venture capital right now,” Palihapitiya says.
“We have replaced ‘venture’ capital with ‘product-market fit’ capital.”
The report lists over 50 startups that are “solving very important and/or big problems, or that are building truly innovative technology” in categories including aerospace, robotics and drones, energy and digital health.
Australian drones startup Flirtey is listed as a startup doing “game-changing” work with commercial drone deliveries in the US.
The company has been making big strides in this area recently and seems to be ahead of the pack. Flirtey recently completed the first Federal Aviation Administration-approved drone delivery in Virginia, transporting 24 packages of pharmaceuticals and other medical supplies to a free clinic.
At the time, Flirtey co-founder Tom Bass said the future was very bright for the startup.
“This is the first step in proving that on-demand drone delivery can revolutionise the way medical care can be delivered to remote communities, and eventually form your local pharmacy to your front door,” he said.
“This will be a game changer for millions in America.”
The company also completed a trial with New Zealand’s national search and rescue service, delivering medical supplies to treat a mission person located in a remote area.
Other companies listed as “game-changing” in the report include egg substitution creator Hampton Creak, food replacement Soylent, a company offering technology to grow your own bones and one that’s trying to extend the human lifespan.
This story was originally published on StartupSmart.com.au.