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Can a performing arts center change the identity of a city? Tom Gabbard has spent more than two decades proving it can as CEO of Blumenthal Arts in Charlotte, NC. Under his leadership, Blumenthal has grown from a regional performing arts center into a national force. Charlotte now ranks among North America's Top 10 markets for touring Broadway shows, and the organization also fosters experimental projects in Blume Studios, a 44,000-square-foot “arts R&D lab” that pushes beyond traditional stages. In this episode, Tom reflects on how he balances commercial success with cultural mission, programs with local artists and community needs in mind, and pilots immersive experiences that redefine what arts participation can look like. LINKS: Blumenthal Arts Breakin' Convention Hip Hop Festival Blume Studios Troubadour Theatres
Tonya Cornett thought she would end her career at 10 Barrel Brewing. She had joined the Bend, Oregon-based craft brewery in 2012, piled up competition medals for her beers and created a following at the brewery. She thrived as the brewery's R&D brewmaster before and after its 2014 sale to Anheuser-Busch InBev (A-B). But then Tilray Brands acquired 10 Barrel and seven other brands in 2023. A year later, Tilray laid off Cornett and members of her team in a move that shocked many within the industry. On this week's Brewbound Podcast, Cornett discusses her journey over the last decade-plus and her next chapter with Upp Liquids, a new venture in the rebranded Immersion Brewing space. Cornett shares her experiences at A-B, how 10 Barrel and her role changed under Tilray's ownership and her goals with Upp moving forward. As the Great American Beer Festival (GABF) kicks off in Denver, Cornett also explains how medals have served as a stamp of approval throughout her career and why they remain relevant. Cornett's beers have received numerous competition medals throughout the years, including 28 medals at the Brewers Association's (BA) GABF and World Beer Cup. That doesn't include 10 Barrel's 2024 clean sweep of the German-style Sour Ale category during the 2024 GABF competition. Before the interview, the Brewbound team runs through the latest headlines, including a big leadership shakeup at Molson Coors and Constellation Brands' struggles as its largest consumer base remains under pressure.
Struggling to tell which garden products are worth your money? You're not alone. Today I'm sharing what I learned on a behind-the-scenes visit to GreenStalk in Knoxville—how they design, test, and support a planter I've used for five years. You'll leave with practical ways to use a vertical planter this fall for salad greens, herbs, and flowers. free download: Fall Salad Garden Planning Calendar Plant at the right time for fresh greens all season. http://journeywithjill.net/fallsaladgarden Key Takeaways How a family-owned US company designs and tests products for real gardeners. Why quality materials and thoughtful R&D matter (and how that shows up in the planter). Practical fall ideas for your vertical planter: salads, herbs, pansies, and more. The role of good customer service—and how feedback shapes better products. When a vertical planter makes sense for beginners and for large-garden add-ons. Chapters 00:02 – Why I only share vetted tools 01:45 – Welcome & what to expect in this series 03:06 – Why fall is the perfect time for this story 04:17 – My first GreenStalk in 2020 05:40 – Five years of testing: what's worked 07:36 – Meet the family behind GreenStalk 09:06 – The affiliate weekend invite 11:31 – First impressions & thoughtful hospitality 13:48 – Community with fellow gardeners 16:02 – Touring R&D and prototypes 18:27 – Designing lids & the auto-watering system 20:34 – Quality over shortcuts 22:56 – Caring for employees in a tech-driven world 24:24 – US-made parts and sourcing 26:22 – Why this product helps new gardeners start 27:40 – My favorite fall uses (greens, pansies) 29:40 – Clearance event details + my code 30:40 – Final encouragement: why I recommend them 31:49 – What's coming next week Resource Links Fall Salad Garden Planning Calendar (free): http://journeywithjill.net/fallsaladgarden Connect Friday Emails (newsletter): https://journeywithjill.net/gardensignup YouTube: https://www.youtube.com/c/JourneywithjillNet/videos Instagram: https://www.instagram.com/thebeginnersgarden/ Podcast archive: https://journeywithjill.net/the-beginners-garden-podcast/ Soft mention Complete Garden Planner – plan and track your season simply: https://shop.journeywithjill.net/ Sponsor(s) for this Episode GreenStalk Vertical Planter – Family-owned, US-made vertical planters I've used for five years. Use code JILL10 for $10 off a $75 purchase: https://journeywithjill.net/greenstalk. As an affiliate, I earn from qualifying purchases. Disclaimer Gardening advice shared in this podcast is based on my own experience in Zone 8a (Arkansas) and from the feedback I receive from others in different gardening contexts. Your results may differ depending on your location, climate, and growing conditions. Always check your local extension service or trusted resources for region-specific guidance. Some links mentioned may be affiliate links, which means I earn a small commission at no extra cost to you if you make a purchase. As an Amazon Associate, I earn from qualifying purchases.
Why We Keep Showing Up TogetherEvery month, Jen and I hop on a call to trade notes, swap links, and compare what's resonating. It's become a favorite ritual because it lets us zoom out and make sense of a very fast month—what we published, what we learned, and where our communities are headed next. We're aligned on mission and complementary in approach: we both want to help people use money for good—while being as rigorous about real-world impact as we are about financials. That's why we keep encouraging readers to subscribe to both publications; you see more of the picture that way.This month, our conversation kept circling around a handful of pieces that sparked big reactions across our communities:* Superpowers for Good: SuperCrowd25: A Movement on the Rise* Superpowers for Good: Power Up October* Main Street Journal: Scamming Social Change* Main Street Journal: Plant DePIN Stations for Fun and Profit* Main Street Journal: Housing Cooperatives & the Better AbundanceWe also name-checked two thinkers whose work regularly sharpens the discussion: Michael Shuman and Paul Spinrad.Authenticity, Impact, and What Changes When You Meet the FounderA thread we returned to repeatedly is the gap between pitch-deck promises and the reality you can feel when you look a founder in the eye—even if it's through a webcam. Jen pointed to how hearing a human, unscripted explanation can dispel both confusion and “impact-washing” skepticism. I see that dynamic every quarter in our Live Pitch sessions: judges arrive with carefully formed opinions and then, after Q&A with founders, their scores often shift—sometimes dramatically. That post-conversation “re-rating” speaks to the power of authentic engagement for investors and founders alike.Michael Shuman's “Scamming Social Change” gave us a crisp lens for that authenticity test. His basic argument: be wary of grand claims about fixing systemic problems with thin mechanisms. He challenged the marketing logic of some “impact” narratives that simply don't add up when you trace how the benefits would actually reach people. For impact investors, the takeaway is simple: scrutinize the causal chain, not just the press release.Three Housing Ideas Worth Stealing (and Scaling)Housing kept bubbling up as a cross-community priority—because you can't talk about poverty, health, or mobility without talking about where people live.* Small, Local, ManyMichael's “Better Abundance” essay argues that big problems don't always demand singular, big solutions; sometimes “many small things in many places” perform better, especially when they're rooted in community context. Jen loved that framing—and it tracks with what we see across Main Street finance and impact crowdfunding: local teams solving local problems, with models that travel.* Co-ops Change the Market, Not Just the Tenant's RentJen highlighted Burlington's Champlain Housing Trust—managing roughly 3,000 affordable homes—as an example of how cooperative models can reset price expectations across a region by forcing the broader market to compete with a fairer baseline. She also flagged a Swiss city where a notable share of residents lives in nonprofit housing—and pointed to eye-poppingly low homelessness figures. The point isn't that co-ops alone “solve” homelessness; it's that a portfolio of modest, durable interventions can shift the whole system.* ADUs as a Practical On-RampCloser to home, Jen's local planning commission in Keene ran an ADU Challenge: homeowners volunteered real sites and constraints; architects and students designed tailored, buildable options; and a $5,000 prize helped surface practical patterns. Policy may permit ADUs on paper, but many would-be “home creators” still need a nudge through the how-to. That kind of lightweight, civic R&D is a smart way to turn latent permission into actual housing.We also touched on work from SuperCrowd25 showcasing rehab-first approaches and manufactured housing as naturally occurring affordable housing (NOAH)—permanent, dignified units that are too often conflated with RVs. In markets where down payments are out of reach, adding safe, lower-cost rentals is an immediate win—and investors can help expand that supply now, not “someday.”A Curious Frontier: Plant DePINOn the more experimental end, Paul Spinrad's “Plant DePIN Stations for Fun and Profit” lit up our curiosity. I'm intrigued by the blend of community incentive design, real-world infrastructure, and open participation. We didn't try to answer every technical or tokenomic question in our chat; we simply acknowledged an emerging space where Main Street builders might find new tools—if (and only if) the impact logic pencils out. As always: first prove the benefit, then scale the mechanism.Movement Notes: SuperCrowd25 & Building the On-RampsIf you missed it, SuperCrowd25 felt like a turning point—less a one-off event and more a widening lane for founders and investors who want returns and results. Our “Movement on the Rise” piece captured why: the people doing the work are getting better at telling the story, and the people funding the work are getting better at asking the right questions. When those two curves meet—clearer storytelling and sharper diligence—capital flows to what actually helps. That's the movement.And because better on-ramps matter, we'll keep making space where founders can show up as themselves and investors can interrogate the “how,” not just the “what.” The more we normalize that practice—the short, human conversation where a founder's logic is audible—the fewer “scamming social change” narratives will slip through undetected.A Candid Ask: Power Up OctoberI also shared something personal with Jen: after 13 years of building this community—rebranding as Superpowers for Good four years ago and launching SuperCrowd two years back—we're close to covering our costs, but not quite there. That's the reason behind our Power Up October campaign. Much of our work remains free by design; paying members make that possible and receive meaningful perks in return (with even more for Max-Impact members). If you've found value in the shows, posts, or pitch sessions, this month is a great time to upgrade or sponsor.Jen shared how the Main Street Journal sustains itself—often through NC3 partnerships and tax-deductible support—and she pledged to help amplify our effort. That kind of mutual aid between aligned media shops is how indie ecosystems survive.Two Subscriptions, One MissionIf you read one of us, you'll get good work. If you read both, you'll get a fuller map—and, frankly, it's still an affordable bundle for a year of actionable ideas. However you support us—subscribe, upgrade, sponsor, or simply share a favorite piece—thank you. We'll keep earning it by elevating founders who solve real problems and by asking the impact questions that make everyone better.—DevinP.S. If you're discovering this via the Main Street Journal, welcome! Get full access to Superpowers for Good at www.superpowers4good.com/subscribe
On this episode of the Iowa Manufacturing Podcast, Leisa Fox welcomes Eide Bailly's Emma Brock and Jim Donovan to break down the One Big Beautiful Bill (OB3) and what it really means for manufacturers. Together, they tackle the myths and misconceptions surrounding tax changes, uncover opportunities hidden in plain sight, and highlight the critical importance of thoughtful planning. A major focus of the conversation is on R&D tax credits and how they apply far more broadly than many business leaders realize. From documenting time studies to capturing data on process improvements, the right strategy can unlock significant value—but only if it's pursued with clarity and efficiency. Emma and Jim stress that with a trusted tax partner, businesses can determine if “the juice is worth the squeeze” and ensure their innovation efforts are both compliant and profitable. Find this show on your favorite app: https://iowapodcast.com/one-big-beautiful-bill
Trigger warning: This episode includes discussion of suicide in the context of researching measurable predictive indicators and the lack thereof in the context of cyber. Episode NotesDr Caputo's path from social psychology to applied security, including intelligence analysis and building a behavioural-science team at MITRE.What MITRE is: a not-for-profit operating six federally funded R&D centres that provide independent, public-interest research alongside government.Why early “indicator” hunting on endpoints often chased the last bad case; shifting to experiments and known-bad/created-bad data to learn patterns of behaviour change.The LinkedIn recruiter field experiment: ethically approved creation of recruiter personas, staged outreach in three messages, and follow-up interviews to understand reporting barriers.What user-activity monitoring can and cannot tell you; the role of human judgement and programme design.Insider-risk is not only “malicious users”: designing programmes for negligent, mistaken or outsmarted behaviours as well.Current lines of work include improving employee recognition and reporting of malicious elicitations and exploring whether insider-risk telemetry offers early signals of suicide risk.Why multidisciplinary teams beat solo efforts in insider-risk operations.About our guest:Dr. Deanna D. Caputo MITRE Insider Threat Research & Solutions profile: https://insiderthreat.mitre.org/dr-caputo/ LinkedIn: https://www.linkedin.com/in/dr-deanna-d-caputoPapers or resources mentioned in this episode:Caputo, D. D. (2024). Employee risk recognition and reporting of malicious elicitations: Longitudinal improvement with new skills-based training. Frontiers in Psychology. https://www.frontiersin.org/journals/psychology/articles/10.3389/fpsyg.2024.1410426/full MITRE Insider Threat Research & Solutions. (2025). Suicide risk and insider-risk telemetry overview. https://insiderthreat.mitre.org/suicide-risk/ MITRE. (2024). Managing insider threats is a team sport. https://www.mitre.org/news-insights/impact-story/managing-insider-threats-team-sport MITRE Insider Threat Research & Solutions. (2024). Capability overview two-pager (PDF). https://insiderthreat.mitre.org/wp-content/uploads/2024/06/MITREInTResearchSolutions-CapabilityTwoPager-24-0659_2024-02-01.pdf MITRE Insider Threat Research & Solutions. (2024). Insider Threat Behavioural Risk Framework two-pager (PDF). https://insiderthreat.mitre.org/wp-content/uploads/2024/06/MITREInTResearchSolutions-InTFramework_TwoPager-24-0674_2024-03-18.pdf
Scaling the circular economy requires more companies to launch circular products and services, but many competitors transitioning towards the circular economy face similar barriers to scale.One way to address this is commercial collaboration, where businesses work together on issues that are not tied to their competitive advantage.In this episode, we'll hear from Sarah Dodge and Mark Buckley from the Ellen MacArthur Foundation about how this can help to scale a circular economy.We'll also explore how one initiative has helped address a bottleneck in post-consumer recycling. Hear how companies from the Ellen MacArthur Foundation's Plastics Mission worked together to develop a unified vision and enable high-quality plastic waste sorting at scale with HolyGrail 1.0. This evolved into HolyGrail 2.0, where joint investment in R&D was crucial in helping it get from concept to market in just a few years.To discuss the project, Sander Defruyt, Lead of Strategy & Thought Leadership for the Plastics Mission, is joined by Gian De Belder, Technical Director of Packaging and Sustainability at Procter & Gamble, and Margherita Trombetti, Project Manager at the European Brands Association (AIM).Watch or listen to the full episode to learn how:Cross-value chain collaboration was essential to align on the technology and achieve scaleGrowing interest allowed participation to grow from 31 companies in HolyGrail 1.0 to 176 in 2.0 The European Brands Association (AIM) facilitated the governance, confidentiality, and communications of 2.0Learn more about this business-led partnership, which was funded through member contributions and philanthropic funding from the Alliance to End Plastic Waste and the City of Copenhagen.Explore the full commercial collaboration collectionIf you enjoyed this episode, please leave us a review or a comment on Spotify or YouTube. Your support helps us to spread the word about the circular economy.
AI is reshaping industries at a rapid pace, but as its influence grows, so do the ethical concerns that come with it. This episode examines how AI is being applied across sectors such as healthcare, finance, and retail, while also exploring the crucial issue of ensuring that these technologies align with human values. In this conversation, Lois Houston and Nikita Abraham are joined by Hemant Gahankari, Senior Principal OCI Instructor, who emphasizes the importance of fairness, inclusivity, transparency, and accountability in AI systems. AI for You: https://mylearn.oracle.com/ou/course/ai-for-you/152601/ Oracle University Learning Community: https://education.oracle.com/ou-community LinkedIn: https://www.linkedin.com/showcase/oracle-university/ X: https://x.com/Oracle_Edu Special thanks to Arijit Ghosh, David Wright, Kris-Ann Nansen, Radhika Banka, and the OU Studio Team for helping us create this episode. ---------------------------------------------------- Episode Transcript: 00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started! 00:25 Lois: Welcome to the Oracle University Podcast! I'm Lois Houston, Director of Innovation Programs with Oracle University, and with me is Nikita Abraham, Team Lead: Editorial Services. Nikita: Hey everyone! In our last episode, we spoke about how Oracle integrates AI capabilities into its Fusion Applications to enhance business workflows, and we focused on Predictive, Generative, and Agentic AI. Lois: Today, we'll discuss the various applications of AI. This is the final episode in our AI series, and before we close, we'll also touch upon ethical and responsible AI. 01:01 Nikita: Taking us through all of this is Senior Principal OCI Instructor Hemant Gahankari. Hi Hemant! AI is pretty much everywhere today. So, can you explain how it is being used in industries like retail, hospitality, health care, and so on? Hemant: AI isn't just for sci-fi movies anymore. It's helping doctors spot diseases earlier and even discover new drugs faster. Imagine an AI that can look at an X-ray and say, hey, there is something sketchy here before a human even notices. Wild, right? Banks and fintech companies are all over AI. Fraud detection. AI has got it covered. Those robo advisors managing your investments? That's AI too. Ever noticed how e-commerce companies always seem to know what you want? That's AI studying your habits and nudging you towards that next purchase or binge watch. Factories are getting smarter. AI predicts when machines will fail so they can fix them before everything grinds to a halt. Less downtime, more efficiency. Everyone wins. Farming has gone high tech. Drones and AI analyze crops, optimize water use, and even help with harvesting. Self-driving cars get all the hype, but even your everyday GPS uses AI to dodge traffic jams. And if AI can save me from sitting in bumper-to-bumper traffic, I'm all for it. 02:40 Nikita: Agreed! Thanks for that overview, but let's get into specific scenarios within each industry. Hemant: Let us take a scenario in the retail industry-- a retail clothing line with dozens of brick-and-mortar stores. Maintaining proper inventory levels in stores and regional warehouses is critical for retailers. In this low-margin business, being out of a popular product is especially challenging during sales and promotions. Managers want to delight shoppers and increase sales but without overbuying. That's where AI steps in. The retailer has multiple information sources, ranging from point-of-sale terminals to warehouse inventory systems. This data can be used to train a forecasting model that can make predictions, such as demand increase due to a holiday or planned marketing promotion, and determine the time required to acquire and distribute the extra inventory. Most ERP-based forecasting systems can produce sophisticated reports. A generative AI report writer goes further, creating custom plain-language summaries of these reports tailored for each store, instructing managers about how to maximize sales of well-stocked items while mitigating possible shortages. 04:11 Lois: Ok. How is AI being used in the hospitality sector, Hemant? Hemant: Let us take an example of a hotel chain that depends on positive ratings on social media and review websites. One common challenge they face is keeping track of online reviews, leading to missed opportunities to engage unhappy customers complaining on social media. Hotel managers don't know what's being said fast enough to address problems in real-time. Here, AI can be used to create a large data set from the tens of thousands of previously published online reviews. A textual language AI system can perform a sentiment analysis across the data to determine a baseline that can be periodically re-evaluated to spot trends. Data scientists could also build a model that correlates these textual messages and their sentiments against specific hotel locations and other factors, such as weather. Generative AI can extract valuable suggestions and insights from both positive and negative comments. 05:27 Nikita: That's great. And what about Financial Services? I know banks use AI quite often to detect fraud. Hemant: Unfortunately, fraud can creep into any part of a bank's retail operations. Fraud can happen with online transactions, from a phone or browser, and offsite ATMs too. Without trust, banks won't have customers or shareholders. Excessive fraud and delays in detecting it can violate financial industry regulations. Fraud detection combines AI technologies, such as computer vision to interpret scanned documents, document verification to authenticate IDs like driver's licenses, and machine learning to analyze patterns. These tools work together to assess the risk of fraud in each transaction within seconds. When the system detects a high risk, it triggers automated responses, such as placing holds on withdrawals or requesting additional identification from customers, to prevent fraudulent activity and protect both the business and its client. 06:42 Nikita: Wow, interesting. And how is AI being used in the health industry, especially when it comes to improving patient care? Hemant: Medical appointments can be frustrating for everyone involved—patients, receptionists, nurses, and physicians. There are many time-consuming steps, including scheduling, checking in, interactions with the doctors, checking out, and follow-ups. AI can fix this problem through electronic health records to analyze lab results, paper forms, scans, and structured data, summarizing insights for doctors with the latest research and patient history. This helps practice reduced costs, boost earnings, and deliver faster, more personalized care. 07:32 Lois: Let's take a look at one more industry. How is manufacturing using AI? Hemant: A factory that makes metal parts and other products use both visual inspections and electronic means to monitor product quality. A part that fails to meet the requirements may be reworked or repurposed, or it may need to be scrapped. The factory seeks to maximize profits and throughput by shipping as much good material as possible, while minimizing waste by detecting and handling defects early. The way AI can help here is with the quality assurance process, which creates X-ray images. This data can be interpreted by computer vision, which can learn to identify cracks and other weak spots, after being trained on a large data set. In addition, problematic or ambiguous data can be highlighted for human inspectors. 08:36 Oracle University's Race to Certification 2025 is your ticket to free training and certification in today's hottest tech. Whether you're starting with Artificial Intelligence, Oracle Cloud Infrastructure, Multicloud, or Oracle Data Platform, this challenge covers it all! Learn more about your chance to win prizes and see your name on the Leaderboard by visiting education.oracle.com/race-to-certification-2025. That's education.oracle.com/race-to-certification-2025. 09:20 Nikita: Welcome back! AI can be used effectively to automate a variety of tasks to improve productivity, efficiency, cost savings. But I'm sure AI has its constraints too, right? Can you talk about what happens if AI isn't able to echo human ethics? Hemant: AI can fail due to lack of ethics. AI can spot patterns, not make moral calls. It doesn't feel guilt, understand context, or take responsibility. That is still up to us. Decisions are only as good as the data behind them. For example, health care AI underdiagnosing women because research data was mostly male. Artificial narrow intelligence tends to automate discrimination at scale. Recruiting AI downgraded resumes just because it had a word "women's" (for example, women's chess club). Who is responsible when AI fails? For example, if a self-driving car hits someone, we cannot blame the car. Then who owns the failure? The programmer? The CEO? Can we really trust corporations or governments having programmed the use of AI not to be evil correctly? So, it's clear that AI needs oversight to function smoothly. 10:48 Lois: So, Hemant, how can we design AI in ways that respect and reflect human values? Hemant: Think of ethics like a tree. It needs all parts working together. Roots represent intent. That is our values and principles. The trunk stands for safeguards, our systems, and structures. And the branches are the outcomes we aim for. If the roots are shallow, the tree falls. If the trunk is weak, damage seeps through. The health of roots and trunk shapes the strength of our ethical outcomes. Fairness means nothing without ethical intent behind it. For example, a bank promotes its loan algorithm as fair. But it uses zip codes in decision-making, effectively penalizing people based on race. That's not fairness. That's harm disguised as data. Inclusivity depends on the intent sustainability. Inclusive design isn't just a check box. It needs a long-term commitment. For example, controllers for gamers with disabilities are only possible because of sustained R&D and intentional design choices. Without investment in inclusion, accessibility is left behind. Transparency depends on the safeguard robustness. Transparency is only useful if the system is secure and resilient. For example, a medical AI may be explainable, but if it is vulnerable to hacking, transparency won't matter. Accountability depends on the safeguard privacy and traceability. You can't hold people accountable if there is no trail to follow. For example, after a fatal self-driving car crash, deleted system logs meant no one could be held responsible. Without auditability, accountability collapses. So remember, outcomes are what we see, but they rely on intent to guide priorities and safeguards to support execution. That's why humans must have a final say. AI has no grasp of ethics, but we do. 13:16 Nikita: So, what you're saying is ethical intent and robust AI safeguards need to go hand in hand if we are to truly leverage AI we can trust. Hemant: When it comes to AI, preventing harm is a must. Take self-driving cars, for example. Keeping pedestrians safe is absolutely critical, which means the technology has to be rock solid and reliable. At the same time, fairness and inclusivity can't be overlooked. If an AI system used for hiring learns from biased past data, say, mostly male candidates being hired, it can end up repeating those biases, shutting out qualified candidates unfairly. Transparency and accountability go hand in hand. Imagine a loan rejection if the AI's decision isn't clear or explainable. It becomes impossible for someone to challenge or understand why they were turned down. And of course, robustness supports fairness too. Loan approval systems need strong security to prevent attacks that could manipulate decisions and undermine trust. We must build AI that reflects human values and has safeguards. This makes sure that AI is fair, inclusive, transparent, and accountable. 14:44 Lois: Before we wrap, can you talk about why AI can fail? Let's continue with your analogy of the tree. Can you explain how AI failures occur and how we can address them? Hemant: Root elements like do not harm and sustainability are fundamental to ethical AI development. When these roots fail, the consequences can be serious. For example, a clear failure of do not harm is AI-powered surveillance tools misused by authoritarian regimes. This happens because there were no ethical constraints guiding how the technology was deployed. The solution is clear-- implement strong ethical use policies and conduct human rights impact assessment to prevent such misuse. On the sustainability front, training AI models can consume massive amount of energy. This failure occurs because environmental costs are not considered. To fix this, organizations are adopting carbon-aware computing practices to minimize AI's environmental footprint. By addressing these root failures, we can ensure AI is developed and used responsibly with respect for human rights and the planet. An example of a robustness failure can be a chatbot hallucinating nonexistent legal precedence used in court filings. This could be due to training on unverified internet data and no fact-checking layer. This can be fixed by grounding in authoritative databases. An example of a privacy failure can be AI facial recognition database created without user consent. The reason being no consent was taken for data collection. This can be fixed by adopting privacy-preserving techniques. An example of a fairness failure can be generated images of CEOs as white men and nurses as women, minorities. The reason being training on imbalanced internet images reflecting societal stereotypes. And the fix is to use diverse set of images. 17:18 Lois: I think this would be incomplete if we don't talk about inclusivity, transparency, and accountability failures. How can they be addressed, Hemant? Hemant: An example of an inclusivity failure can be a voice assistant not understanding accents. The reason being training data lacked diversity. And the fix is to use inclusive data. An example of a transparency and accountability failure can be teachers could not challenge AI-generated performance scores due to opaque calculations. The reason being no explainability tools are used. The fix being high-impact AI needs human review pathways and explainability built in. 18:04 Lois: Thank you, Hemant, for a fantastic conversation. We got some great insights into responsible and ethical AI. Nikita: Thank you, Hemant! If you're interested in learning more about the topics we discussed today, head over to mylearn.oracle.com and search for the AI for You course. Until next time, this is Nikita Abraham…. Lois: And Lois Houston, signing off! 18:26 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.
Show Notes: Christian Derosier, co-founder of Flashpoint.ai, explains that it is an AI-native market research agency that offers tools and methods typically used by market research agencies but at a fraction of the time and cost. Flashpoint.ai includes surveys, media monitoring, expert calls, and proprietary tools, aiming to provide a comprehensive market research solution. The tool is designed to help business leaders and consultants live at the level of business problems, clarifying objectives and translating them into a coordinated set of tools. Demonstrating Flashpoint.ai Features Christian shares his screen to demonstrate the tool, starting with a generic research query about market trends related to lactose-free ice cream in the United States. The tool generates an AI web overview, providing initial context and a research plan, including sections on growth drivers, consumer preferences, competition, and barriers to scale. Users can edit and add new sections to the research plan, and the tool provides an AI assistant for further context and detail. The action plan translates the high-level objective into specific tools, such as surveys, expert interviews, and generative R&D testing. The Generative R&D Tool Christian explains the generative R&D tool, which conducts market testing by running ads to evaluate interest and demand for products. The tool generates ads and landing pages, allowing users to observe real consumer behavior and preferences. The ads are deployed on Google Ads, and the landing pages provide real information and links to actual products or services. The tool is useful for concept testing, new product development, and disruptive innovation, as it allows testing without attaching real brand names. Generative R&D Case Study Christian shares a case study where a small liberal arts school used the generative R&D tool to test different marketing strategies. The school tested various concepts, including study abroad offers, practical applications of liberal arts degrees, and even anti-woke liberal arts schools. The tool helped the school identify latent demand and insights into future planning. The cost for running the ads and generating insights is relatively low, making it an efficient and cost-effective method for market research. Flashpoint.ai Licensing The base fee for a Flashpoint.ai license is $40 per month per user, billed annually at $480. Additional costs come from sample sizes, ad runs, expert calls, and other project-specific expenses. Users can purchase resources a la carte for each project, avoiding long-term commitments. The tool is available on flashpoint.ai, and additional resources, such as sample deliverables and video walkthroughs, can be provided upon request. Timestamps: 0:02: Overview of Flashpoint.ai 04:07 Live Demo of Flashpoint.ai 11:29: Generative R&D Testing 21:41: Case Study and Insights 23:50: Pricing and Availability Links: Website: https://www.flashpoint.ai/ Unleashed is produced by Umbrex, which has a mission of connecting independent management consultants with one another, creating opportunities for members to meet, build relationships, and share lessons learned. Learn more at www.umbrex.com.
Ahead of the historic Steelers Vs. Vikings NFL game this Sunday (28th September) in Dublin, the Irish government's trade and innovation agency, Enterprise Ireland has launched a report, powered by PItchBook data on Ireland's sports tech sector. The report points to Ireland's robust domestic sports tech sector, home to 93 VC-backed sports tech companies, including 40 homegrown global innovators. These companies include Orreco, Kitman Labs and Output Sports, who joined Enterprise Ireland for the launch of the report. All three companies are working with NFL teams and many other global sporting brands, including NBA, NHL, PGA Tour, F1, Olympians, Premier League and Premiership Rugby. Orreco the global leader in bio-analytics solutions for professional athletes, also announced today that they are supporting the Harvard Football Players Health Study, funded by the NFL and NFLPA. The study leads efforts to develop and support innovative research that has the potential to impact the health of current, former, and future NFL players. Examining the VC level of activity in Irish sports tech, the report, powered by PitchBook data reports that Ireland's sports tech ecosystem has notably defied the recent downward trend in VC activity seen in other regions since 2022. Irish sports tech VC deal count grew by more than 50% in 2023, compared with a drop of more than 30% for Europe overall in the same period. In 2024, Ireland's deal count grew an additional 47.1%, while broader European deal count declined again by 15.5%. Since 2014, Irish sports tech start-ups have collectively raised over €224 million in VC funding across 181 transactions. Notable VC funding rounds include Kitman Labs (€71.1 million raised) and Xtremepush (€18.6 million) and Output Sports with €4.5 million raised in 2025. Year to date 2025 data show that Ireland ranks seventh in Europe for total sports tech VC deal count, despite its relatively small population. On a per-capita basis, this ranking rises to first, and Ireland has maintained a top four ranking nearly every year over the past decade. Enterprise Ireland has emerged as a central force in shaping the sports tech investment landscape, not only in Ireland but across Europe. Since 2024, it has led the region in deal activity with 19 sports tech investments - more than triple the number recorded by the next most active investors. Commenting on the report, Keith Brock, Enterprise Ireland's Senior Client Advisor for Enterprise Solutions, said: "The Irish sports tech industry has expanded rapidly over the past ten years, both in terms of the number of companies, but also in the level of investment they have attracted and the impact they are achieving internationally working with global sports leagues. Across Enterprise Ireland's portfolio of sports tech companies, there are 89 active or pending patents covering wearable devices, augmented reality, diagnostic, exercise equipment and equine health. This level of patents points to the strong level of R&D and innovation happening in the sector, which in turn is accelerating the international sports industry from athlete performance to fan engagement. "We are proud of Enterprise Ireland's role in supporting the Irish sports tech industry, leading sports tech investment not only in Ireland, but in Europe, with 19 sports tech investment since 2024 alone. However, while Enterprise Ireland has been backing the Irish sports tech industry, the industry has also attracted major global VC investment including from Octopus Ventures (UK), Partech (France) and Apex Capital (Portugal)." Irish companies working with NFL Teams: Kitman: Kitman Labs' Intelligence Platform (iP) is an advanced operating system for performance, health, and talent development, unifying data across medical, performance, coaching, and operational domains to deliver AI-driven, evidence-based insights. iP enables leagues, federations, and elite organisations to connect data, streamline workflows, and optimise ath...
In Episode 441 of Hidden Forces, Demetri Kofinas speaks with Adam Posen, president of the Peterson Institute for International Economics, about the profound transformations underway in the global economy driven by America's transition away from being the world's primary insurance provider for international security to its most enterprising racketeer. In a recently published Foreign Affairs essay titled “The New Economic Geography: Who Profits in a Post-American World?” Adam compares America's role in the post-World War II era to that of an insurance provider, underwriting global security by protecting international shipping lanes, providing deep and liquid capital markets, and enforcing international laws and standards that have formed the bedrock of the last 80 years of economic growth and prosperity. Kofinas and Posen spend the first hour of this episode digging into Adam's insurance framework and why he believes the United States was the largest beneficiary of the system it created. They discuss some of the recent policy changes out of Washington and why they are transforming America's sphere of influence into something that looks more like a protection racket than a market for affordable insurance. Adam Posen draws implications for the continued role of US Treasuries as a global safe asset and whether a reduction of foreign capital flows into dollars will ultimately prove stimulative for the resurrection of industrial ecosystems that the administration has identified as vital to American national security and the long-term prosperity of the United States. The two also consider the degree to which the increased premiums that Washington is now charging its allies can be justified by rising risks in the international security environment and by the unpopularity among the MAGA base for foreign U.S. involvement. The second hour of their conversation turns to questions of execution—specifically, what is required for the successful implementation of a U.S. industrial policy. This includes a discussion about apprenticeships, skilled immigration, government-supported R&D, federal funding for university science and technology programs, and more integration and collaboration with allied economies. Posen and Kofinas also discuss why the use of tariffs, subsidies, and export controls—including the CHIPS and Science Act—implemented during both Joe Biden's and Donald Trump's administrations have underdelivered. They also examine why the current administration's trade policies have been oddly more accommodative toward China than toward America's closest allies and why this will ultimately prove to be a losing strategy in the long-term. Lastly, Demetri asks Adam for his view on what the recent battles between the Fed and the White House mean for the future of Fed independence and if Washington is laying the groundwork for a long-term rise in inflation expectations as it seeks to monetize its debt and deficits through an increasingly compliant and captured central bank. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe. If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe. If you enjoyed today's episode of Hidden Forces, please support the show by: Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed Writing us a review on Apple Podcasts & Spotify Joining our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 09/16/2025
I wanted this conversation to do two things at once. First, ground the hype in real practice. Second, show how a small country can punch well above its weight by connecting industry, academia, and government with purpose. With Chantelle Kiernan from IDA Ireland and Stephen Flannagan from Eli Lilly and Company, we explored what digital transformation really looks like on the factory floor in Ireland, why talent is the engine behind it, and how cross-sector collaboration is turning ideas into measurable outcomes. Ireland's manufacturing base employs hundreds of thousands and fuels exports, yet what stands out is the shared mindset. The shift toward Industry 5.0 puts people at the center while using digital, disruptive, and sustainable technologies to rethink production. Eli Lilly's experience shows how a digital-first culture changes everything. New sites start paperless by default. Established plants raise their game through micro-learning, data-driven problem solving, and champions who model the behavior. The message is simple. Technology only sticks when people see clear value and have the skills to act on it. From pilots to site-wide change Here's the thing. The strongest wins come from a strategic, site-wide approach rather than isolated pilots. Maturity assessments across pharma sites in Ireland revealed common patterns, shared bottlenecks, and repeatable opportunities. That insight helps teams justify investment, sharpen ROI arguments, and accelerate adoption without slowing production. Reinvestment in legacy facilities becomes a long-term advantage when you connect equipment, data, and people with a clear plan. This is where Ireland's ecosystem shows its class. Purpose-built centers like Digital Manufacturing Ireland, NIBRT, IMR, and I-FORM give teams a place to test before they invest. Indigenous tech SMEs sit at the same table as global pharma leaders and large tech firms, which means collaboration moves faster. When 50 percent or more of new R&D projects cite academic partnerships, you know something healthy is happening. Skills, STEM, and the mindset shift Upskilling came through as the decisive enabler. IDA Ireland supports companies with skills needs analysis and access to training. Universities co-create relevant courses. Micro-credentials and immersive apprenticeships build confidence on the shop floor. Stephen's point about micro-learning hit home. People learn best when they can apply knowledge to a problem they care about, right now. That keeps momentum high and spreads digital competence across teams without waiting on giant projects. Barriers still exist. Defining ROI, coping with regulatory complexity, and balancing change with daily production are real challenges. Culture is the swing factor. Leaders who set the tone, create space for experiments, and reward progress see faster results. GenAI is already shifting attitudes by improving personal productivity, which naturally opens minds to operational use cases like predictive maintenance, knowledge capture, and quality improvements. What comes next If the last decade was about connecting machines, the next decade will be about connecting knowledge. Expect smarter, greener, and more multidisciplinary manufacturing. AI will sit alongside advanced materials and sustainable design. The most resilient sites will combine agile infrastructure with strong learning cultures, so they can absorb change rather than resist it. Ireland's model of collaboration gives a useful signal. When industry, government, and academia align around shared outcomes, the runway gets longer and the takeoff gets smoother. This episode is about the practical choices that make transformation real. Strategic assessments. Shared R&D spaces. Cohorts of digital champions. And a relentless commitment to skills. It is a story of steady progress that scales, and a reminder that the future belongs to teams who can learn faster together. ********* Visit the Sponsor of Tech Talks Network: Land your first job in tech in 6 months as a Software QA Engineering Bootcamp with Careerist https://crst.co/OGCLA
Sarah Keohane Williamson, CEO of FCLT Global and coauthor of The CEO's Guide to the Investment Galaxy, offers a disciplined primer for executives operating at the intersection of corporate strategy and capital markets. Drawing from her background in investment banking, government, consulting, and asset management, she explains why “investors are not a single audience,” how their incentives shape corporate outcomes, and what leaders must do differently to secure durable capital and strategic flexibility. Williamson pushes back on conventional wisdom about investor relations, replacing it with practical routines and priorities. She emphasizes a consulting-rooted discipline, “Start with the answer”, as a communications principle, and translates it into a concrete playbook for CEOs who cannot afford ambiguity when describing long-term bets. She underscores that “quarterly calls are important, but they're often dominated by the sell side,” and CEOs should deliberately allocate their limited time toward building trust with long-term owners and anchor shareholders. Key takeaways include: Map the owners. “Who actually owns your company? Who makes the decisions about those shares?” Owner types—retail, index funds, active managers, hedge funds—differ in incentives and time horizons, and executives should treat that map as a strategic input. Build an investor strategy like a customer strategy. Decide which kinds of capital the company needs, why, and how to attract and retain those investors. Use a long-term roadmap. Make risky investments intelligible by explaining milestones that link short-term actions to enduring value, and “don't be afraid to update the roadmap when the assumptions change.” Translate investor signals into operational choices. Avoid reflexive short-term fixes, like cutting R&D to meet a quarter, without measuring the long-term cost. Treat disclosure and dialogue as governance tools. Clarity about ownership, voting, and incentives reduces misalignment and reputational risk. Reframe consultancy input for execution. “The hard part is not the analysis, the hard part is making it happen inside the organization.” This episode equips CEOs, CFOs, and board members with a practical framework for raising capital, defending strategic bets, and managing shareholder composition. It reframes investor engagement from a compliance exercise into a core discipline of strategy and governance.
In this episode of WealthTalk, Christian Rodwell is joined by Omar Aswat, Chartered Tax Adviser and founder of ASWATAX, to unpack the urgent changes coming to Business Property Relief (BPR) in April 2026 and what they mean for business owners and property investors. Omar explains how the new BPR limits could expose significant business value to inheritance tax, highlights the practical steps you should be taking now, and delves into strategies like family investment companies, trusts, and smart incorporation. The discussion also covers the impact of Section 24 on landlords, practical tax-saving tips for business owners, and succession planning tools for those looking to future-proof their wealth. Whether you're scaling a business, building a property portfolio, or planning your exit, this episode is packed with actionable insights to help you stay ahead of the curve.Key TakeawaysMajor Change to Business Property Relief (BPR) in 2026From April 6, 2026, BPR will only exempt £1 million of value per trading company/group from inheritance tax (IHT); any value above will be taxed at 20%.Urgent need for business owners to review structures and plan ahead.Who Is Affected?Owners of trading companies/groups with assets above £1 million.Property investment companies already subject to IHT—this rule change doesn't benefit or worsen their position.Mitigation & Planning StrategiesFamily investment companies (FICs)Growth and freezer sharesDiscretionary trustsGifting, sale acceleration, and succession planningCase-by-case: bespoke advice is essentialSection 24 & Incorporation for Property InvestorsSection 24 restricts mortgage interest relief for personally held property; incorporation can offer tax savings but must be weighed against capital gains and stamp duty costs.Comparative calculations are vital before transferring property into a company.Inheritance Tax Allowances Explained£325,000 nil-rate band per person, plus £175,000 residence nil-rate band (if passing main home to direct descendants).Married couples can combine for up to £1 million, but the rules are technical and not inflation-linked.Family Investment Companies (FICs)FICs provide flexibility in dividend planning, control, and succession.Can be set up new or by converting existing companies; often used in combination with trusts for asset protection.Smart Moves for Business OwnersAlphabet shares for flexible dividend planning.Utilise directors' loan accounts, charge rent for company premises owned personally, and salary sacrifice schemes.SSAS pensions remain a powerful, underused tool.Planning for Exit or SaleEarly, proactive planning is essential—some reliefs require shares to be held for 24+ months.Options: third-party sale, management buyout, employee ownership trust (EOT), company purchase of own shares, or new holding company.EOTs: allow sale for 0% CGT if structured correctly, but success depends on a strong management team post-sale.Omar's Experience & PodcastOver a decade in finance, founder of ASWATAX (Leicester & London).Hosts “Talking Tax Podcast,” covering EOTs, IHT, R&D, and more.Contact DetailsWebsite: www.aswatax.co.ukEmail: omar@aswatax.co.uk or taxadvisory@aswatax.co.ukPractical TipsDon't delay—review your business and property structures now ahead of April 2026.Always seek bespoke, specialist advice before making structural tax decisions.Consider both current and future family/succession needs in your planning.Use comparative calculations to assess incorporation or restructuring benefits.Mention WealthBuilders if contacting Omar for tailored support.Resources MentionedJoin the Inheritance Tax Guide WaitlistWT103 - Employee Ownership Trusts w/ Chris BuddWT295 - The Exit Roadmap: How to Sell Your Business for Maximum Value w/ Chris SpratlingConnect with Us:Listen on Spotify, Apple Podcasts, YouTube, and all major platforms.For more inspiring stories and actionable tips, subscribe to Wealth Talk and leave us a review!Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook CommunitySchedule a 1:1 call with one of our teamBecome a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!If you enjoyed this episode, please rate and review WealthTalk on your favourite podcast platform
Show Highlights: Defining and fostering innovation at Beck's Hybrids. [04:32] Balancing skunkworks for future lines within R&D. [08:37] Bridging the gap between internal innovation and the farm gate. [12:44] Why does Beck partner with startups as a customer, avoiding a CVC model? [16:26] Hard lessons from rejected ideas and organizational resistance. [23:22] The power of relationships in driving innovation. [26:12] How to handle risk and goal misalignment in leadership. [35:26] The single most important trait that startup partners cannot fake. [43:18] Advice for innovation leaders and change agents. [48:17] Learn more about Beck's Hybrids at https://www.beckshybrids.com/. To connect with Brad Fruth on LinkedIn, visit https://www.linkedin.com/in/brad-fruth-68429573/. If you are interested in connecting with Joe, go to LinkedIn: https://www.linkedin.com/in/joemosher/, or schedule a call at www.moshercg.com.
In this episode of Skip the Queue, host Paul Marden speaks with Andy Hadden, founder of the Lost Shore Surf Resort in Scotland. Andy shares the remarkable journey from his sporting background and early property career to discovering wave technology in the Basque Country, which inspired him to bring inland surfing to Scotland. Despite starting with no money and no land, Andy raised over £100 million and built one of the world's most advanced inland surf destinations. He explains how Lost Shore Surf Resort combines world-class waves with a strong community focus, sustainability initiatives, and partnerships with schools and universities to deliver real social and economic impact.Skip the Queue is brought to you by Rubber Cheese, a digital agency that builds remarkable systems and websites for attractions that helps them increase their visitor numbers. Your host is Paul Marden, with co host Andy Povey and roving reporter Claire Furnival.If you like what you hear, you can subscribe on iTunes, Spotify, and all the usual channels by searching Skip the Queue or visit our website SkiptheQueue.fm.If you've enjoyed this podcast, please leave us a five star review, it really helps others find us. And remember to follow us on LinkedIn. Show references: Lost Shore Surf Resort website: https://www.lostshore.com/Andy Hadded on LinkedIn: https://www.linkedin.com/in/andy-hadden-94989a67/Andy Hadden is the founder of Lost Shore Surf Resort, Scotland's first inland surf destination and home to Europe's largest wave pool. Opened in November 2024 near Edinburgh, Lost Shore is the country's largest sports infrastructure project since the Commonwealth Games and now attracts a truly international audience of surfers, families, and brands. With a background in insolvency and investment surveying, Andy led the venture from concept to completion - securing major institutional backing and building a multidisciplinary team to deliver a world-class destination. Long before 'ESG' was a buzzword, he embedded environmental and social value into Lost Shore's DNA, helping set new benchmarks for responsible development. As home to the Surf Lab with Edinburgh Napier University, Lost Shore also serves as a global hub for performance, product R&D, and surf therapy. Live from the show floor, we'll also be joined by:Bakit Baydaliev, CEO/ Cofounder of DOF Roboticshttps://dofrobotics.com/https://www.linkedin.com/in/bakitbaydaliev/Hamza Saber, Expert Engineer at TÜV SÜDhttps://www.tuvsud.com/enhttps://www.linkedin.com/in/hamzasaber/David Jungmann, Director of Business Development at Accessohttps://www.accesso.com/https://www.linkedin.com/in/davidjungmann/Kristof Van Hove, Tomorrowlandhttps://www.tomorrowland.com/home/https://www.linkedin.com/in/kristof-van-hove-2ba3b953/ Transcriptions: Paul Marden: Welcome to Skip the Queue, the podcast about attractions and the amazing people who work with them. I'm your host, Paul Marden, and with my co-host Andy Povey and roving reporter Claire Furnival, we're coming to you from IAAPA Expo Europe. This is the first of three episodes from the show floor that will come to you over the next three days. Firstly, I'm joined today by Andy Hadden, the founder of Lost Shores Surf Resort.Paul Marden: Andy, tell us a little bit about your journey. You've opened this amazing attraction up there in Scotland where I was on holiday a couple of weeks ago. Tell us a little bit about that attraction. Why this and why in Scotland?Andy Hadden: Well, I grew up locally and I came from more of a sporting family than so much of a business family. My father was the international rugby coach for a while and I played a lot of sport. Paul Marden: Oh, really? Andy Hadden: Yeah, yeah. So we always had this thing about there wasn't enough facilities here in Scotland because Scotland is a place which doesn't necessarily have all the resources and the access to funds and everything else like that. But one thing we noted with, you know, if you created facilities, whether they be good tennis facilities, good 4G football pitches, whatever it was. It allowed the environment around it to prosper, the communities around it to prosper. And, of course, I was a charter surveyor by trade, so I worked in insolvency and then in investment. So I sold two sites to that market. Andy Hadden: But I always surfed. I always surfed. So whilst I was down in Birmingham in England, when I actually got an email in 2012 talking about some, you know, some surfy thing that might have been happening in Bristol, I called the head of destination consulting up and I said, 'this sounds like nonsense, to be honest', because I surf and you can't really be talking about real surfing waves here. It's got to be something, you know, different. He said, 'No, no, there's these guys in the Basque country.' So I took a flight over there and that day changed everything for me. Paul Marden: So what was it that you saw? Andy Hadden: I went to see what was back then a secret test facility in the mountains of the Basque Country. It was very cloak and dagger. I had to follow the guide and give me the email address. I found this all very exciting. When I went and actually saw this facility, I realised that for the decade before that, there'd been all these amazing minds, engineers and surfers working on what they believed could be, you know, a big future of not just the inland surfing movement that's now burgeoning into a multi-billion dollar global movement, but it could really affect surfing. And if it was going to affect surfing as a sport, and it's now an Olympic sport because of these facilities, they wanted to make sure that it was a very accessible piece of kit. So surfing, it could affect surfing if ran by the right people in the right ways and really communicate that stoke of the sport to the masses.Paul Marden: So what is it that you've built in Edinburgh then? Tell me a little bit about it.Andy Hadden: So we've delivered a wave garden cove, which is a 52-module wave garden, which is about the size of three football pitches, and it can run hundreds of waves an hour, touch of a button and it can run in skiing parlance anything from green runs right through to sort of black powder runs. And the beauty of it is you can have people that are the better surfers out the back and just like at the beach at the front you've got their kids and learning how to surf on the white water. So we're finding it to be a really amazing experience— not just for surfers who are obviously flocking to us, but already here in Scotland, eight months in, tens of thousands of new surfers are all coming back and just going, 'Wow, we've got this thing on our doorstep.' This is blowing our minds, you know. Paul Marden: Wowzers, wowzers. Look, I'm guessing that the infrastructure and the technology that you need to be able to create this kind of inland wave centre is key to what you're doing. That you've got to access some funds, I guess, to be able to do this. This is not a cheap thing for you to be able to put together, surely.Andy Hadden: Yeah, correct. I mean, you know, I have questioned my own sanity at times. But when I started 10 years ago, I had no money and no land. But I did have some property expertise and I wanted to do it in Edinburgh, a close-up place that I cared about. So we have excellent networks. For a few years, you know. Whilst we've ended up raising over £100 million in structured finance from a standing start, it took me a couple of years just to raise £40,000. And then I used that to do some quite bizarre things like flying everyone that I cared about, you know, whether they were from the surf community or... Community stakeholders, politicians, and everyone over to the test facility to see themselves— what I could see to sort of—well, is it? Am I just getting carried away here? Or is there something in this? And then, on top of that, you know, we sponsored the world's first PhD in surf therapy with that first $5,000. So now we have a doctor in surf therapy who now takes me around the world to California and all these places. How does business actually really genuinely care about, you know, giving back? And I'm like, yeah, because we said we're going to do this once.Andy Hadden: We got to do it right. And it took us a decade. But yeah, we raised the money and we're very happy to be open.Paul Marden: So I mentioned a minute ago, I was holidaying in Scotland. I bookended Edinburgh— both sides of the holiday. And then I was in Sky for a few days as well. There's something about Edinburgh at the moment. There is a real energy. Coming up as a tourist, there was way too much for me to be able to do. It seems to be a real destination at the moment for people.Andy Hadden: Yeah, well, I think, coming from the background I came from, if I knew I was going to deliver a surfing park in the edge of Edinburgh, I then wanted to do it in the least risky way possible. So to do that, I felt land ownership was key and three business plans was also very key. Edinburgh's in need of accommodation regardless, and Edinburgh's also in need of good places, a good F&B for friends and family just to go and hang out on the weekends. And then, of course, you have the surfing, and we've got a big wellness aspect too. We also sit next to Europe's largest indoor climbing arena. And we're obviously very well connected in the centre of Scotland to both Edinburgh and Scotland. So, so many things to do. So, yeah, I mean, the Scottish tourism landscape has always been good, but it's just getting better and better as we see this as a future-proof marketplace up here. You know, we're not building ships anymore.Andy Hadden: Well, in fact, we got a contract the other week to build one, so maybe that's wrong. But the point is, we see it as a very future-proof place because the Americans are flagging, the Europeans are flagging, and they just want to feel like they're part of something very Scottish. And that's what we've tried to do in our own special way.Paul Marden: And when you think of coming to Scotland, of course, you think about surfing, don't you? Andy Hadden: Yes, who knows. Paul Marden: Exactly, exactly. Look, you had some recent high-profile support from Jason Connery, the son of the late James Bond actor Sean Connery. How did that come about?Andy Hadden: Well, I think we've got, there's a real Scottish spirit of entrepreneurialism that goes back, you know, probably right the way through to the Enlightenment where, you know, I'm sure. I'm sure a lot of you know how many inventions came from Scotland. And this is, you know, televisions, telephones, penicillin. I mean, just the list goes on.Andy Hadden: Of course, you know, that was a long, long time ago, but we still feel a lot of pride in that. But there seems to be a lot of people who've had success in our country, like someone like Sir Sean Connery. These guys are still very proud of that. So when they see something— very entrepreneurial— where we're using a lot of local businesses to create something bigger than the sum of its parts. And to do it truly— not just to be a profitable private business, which is what it is, but to give back 18 million into local economy every year, to work with schools in terms of getting into curriculums. We've got Surf Lab. We work with universities, charities, and so on. They really want to support this stuff. So we have over 50 shareholders, and they've each invested probably for slightly different reasons. They all have to know that their money is a good bet, but I think they all want to feel like they're part of creating a recipe. For a surf resort, which we believe there'll be hundreds of around the world in the next few years. And we can create that recipe here in Scotland. That's hopefully another example of Scottish innovation and entrepreneurialism.Paul Marden: So you've got the test bed that happened in the Basque Country. You've got Scotland now. Are there surf resorts like this elsewhere in the world?Andy Hadden: Yeah, there are eight other open in the world. There's actually, there's various technologies. So there's about 25 different surf parks open at the moment. But there's... doesn't under construction. Pharrell Williams has just opened one in Virginia Beach a few weeks ago there in America. And what the equity, I think, is looking at quite rightly, the big equity, you know, the type that go right, if this really is a, you know, kind of top golfing steroids in that property developers can look at them as.Andy Hadden: You know, excellent ways to get through their more standardised property place, residential, office, industrial. Usually they have to do that in a kind of loss-leading way. But if you look at this as a leisure attraction, which councils and cities actually want because of the benefits, and it makes you money, and it increases the prices of your residential around it. I think developers are starting to realise there's a sweet spot there. So the equity, the big equity, I think, is about to drop in this market over the next couple of years. And it's just waiting for the data set to enable them to do that.Paul Marden: Wow. I guess there's an environmental impact to the work that you do, trying to create any big... a big project like this is going to have some sort of environmental impact. You've put in place an environmental sustainability strategy before it was mainstream as it is now. Tell us some of the things that you've put in place to try to address that environmental impact of what you're doing.Andy Hadden: Well, we're in a disused quarry. So it was a brownfield site. So already just by building on it and creating an immunity, we're also adding to the biodiversity of that site. And we're obviously there's no escaping the fact that we're a user of energy. There's just no escaping that. So the reality is we've got as much sustainable energy use as we can from air source heat pumps to solar. And we're looking at a solar project. So it becomes completely self-sustaining. But we also, the electricity we do access from the grid is through a green tariff. But you'll see a lot of the resorts around the world, this is going to become the sort of, the main play is to become sort of sustainable in that sense. Where we really fly is with the S and ESG. And like you say, the reason we were the world's first institutionally backed wave park, of course, we like to think it was purely down to our financials. But the reality is, they started saying, 'Wow, you're as authentic an ESG company as we've come across.'Andy Hadden: And it's the same with our mission-based national bank. So, because we didn't really know what that meant, we just knew it was the right thing to do. So we fit squarely into that ESG category, which I know is a tick box for a lot of funds, let's face it. There's a lot of them that really want to do that. There's a lot of investors out there that want to do it. But let's understand our place in the system, which is we're really market leading in that area. And I think that's very attractive for a lot of funds out there. But the S in ESG is where we really fly with all the work we're doing socially around the site.Paul Marden: So talk to me a little bit about that. How are you addressing that kind of the social responsibility piece?Andy Hadden: Well, two examples would be we're not just looking at schools to come here to surf. That's an obvious one. They'll go to any attraction to surf if you could go to Laser Quest, go up to visit the castle, do whatever. But we reverse engineered it. We got schools coordinated to go around the headmasters and the schools and say, 'Well, Look, you're all teaching STEM, science, technology, engineering, maths, for 9 to 13-year-olds. And you're all looking for outdoor learning now, which is definitely a big part of the future in education in general. Can you allow us to create some modules here? So we've got six modules that actually fit into that STEM strategy. For instance, last week, there was a school in learning physics, but they were using surf wax on a surfboard friction.Paul Marden: Amazing.Andy Hadden: So these kids so it works for schools and headmasters which is very important and for parents and it obviously works for the kids and they love it and the reason we do that and we give that it's all at discounted low times and everything is because it's a numbers game they come back at the weekend and so on so that's example one and another would be we've created a surf lab with Napier University, a higher education. So we sponsored the world's first doctor. It got a PhD in surf therapy, but then the university was like, 'hold on a minute, you know, this is good marketing for us as well'.Andy Hadden: This surf lab, which has the infrastructure to host great competitions, but also PhD students can come down and learn engineering. They can learn sustainable energy. So we've got more PhD students working there. And this higher university collaboration has not only led to Alder kids coming down but other universities in the area are now what can we do with lost shore now that's cool and fun so we're working with the other universities in town too so that's a couple of examples alongside the standard, employing local people and actually having the economics of putting money into the local economy.Paul Marden: It's interesting, isn't it? Because... So for many people, ESG, and especially the social responsibility piece, feels a little bit worthy. It feels an altruistic move for the organisation to go and do those things. But you've hit on the quid pro quo what do you get back for doing all of this stuff well you're bringing in these kids you're enriching their learning, you're helping them to learn valuable skills but you're also giving them a taster of what life is like at the the resort and seeing the benefit of the return visits that flow from that is crazy.Andy Hadden: You know, I like to think we've fought as hard as anyone to ingrain this stuff in your DNA because we're year one. And of course, we have our cash flow difficulties like everyone does. You know, you don't know how to... run the place for the first three months or that's what it feels like even though you've done all this preparation and so on and so forth but at no point does anyone turn around and go let's get rid of the schools program let's get rid of the university partnership and that's why i think it's very important to build it into your dna because it doesn't have to be this zero-sum game that people attribute you know or we're giving here so that means we have to take over here it's like there's cute ways to do everything you can do the right thing but also drive traffic for your business and it's very good right. It's good reputation, because the people that stay there, when they see that we're doing this stuff, they feel like they're part of it, and then they want to book again. So I believe it doesn't have to be a zero-sum game, but it is a different way of creating a business— that's for sure.Paul Marden: For sure. So there's going to be a listener out there, I'm sure, with a crazy idea like you had a few years ago. What advice would you give for somebody just starting out thinking of opening a business in the leisure and attraction sector?Andy Hadden: I would just try your best to make it as simple as possible. I think it was Yves Chouinard, the founder of Patagonia, who said, 'One of the hardest things in life is to make it simple. It's so easy to make it complex.' And when you're dealing with a business plan, it's very exciting, right? Well, what if we get into this market? What if we do this? And splitting it all into those components. I think arm yourself with very good people around you. They don't even have to be part of the company. If you've been a good person in your life, I'm sure you've got friends who you can tap into. Everyone knows an architect. Everyone knows an accountant. Everyone knows a lawyer. You're a friend of a friend. Andy Hadden: And I think just overload yourself with as much information to get you to the point where you can be assertive with your own decisions. Because at the end of the day, it's going to come down to you making your own decisions. And if you've got a very clear path of what success and failure looks like, understanding that it ain't going to look like your business plan. As long as it's got the broad shapes of where you want to go, it can get you out of bed every day to try and make things happen. So, yeah, just go for it. Really, that's it.Paul Marden: See where it takes you. So look, in the world of themed entertainment, we talk a lot about IP and storytelling and creating magical experiences. Are any of these concepts relevant to a destination like yours?Andy Hadden: Yeah, well, you know, technically, from an IP perspective, you know, we're using the WaveGround Cove technology. You know, we've purchased that. So from a strictly business perspective, you know, we have access to their sort of IP in that sense and we deliver that. But I think for us, the IP is the destination. It's so unique, it's so big that it becomes defendable at scale. So it does sound like a bit of an all-in poker hand. But it would be more risky to go half in because these things are very hard to build. But when they are built, they're also very hard to compete with. So as long as your customer experience is good enough. You're going to maintain a kind of exclusivity in your locality for long into the future. So, yeah, there's obviously IP issues in terms of technologies. But for us, it was all about creating a destination with three business plans that's greater than the sum of its parts. And if we can do that in our location, then it's very hard to compete against, I would say.Paul Marden: Andy, it sounds like such an exciting journey that you've been on. And one year in, that journey has still got a long way to play out, doesn't it? You must be on quite the rollercoaster. Well, surfing quite a wave at the moment, if I don't mix my metaphors so badly.Andy Hadden: Yeah, we're just entering maybe the penultimate phase of the sort of 20-year plan. You know, we've gone through our early stages, our fundraising, our construction. We've gone through the very hard sort of like getting the team together and opening year one. And we're just starting to go, 'OK, we understand we've got data now'. We understand how to run this place now. So I think we now want to push through to stabilise the next two or three years. And then hopefully we've got a lot of irons in the fire globally as well. Hopefully we can go to the next phase, but we'll see what happens. Worst case scenario, I just surf a bit more and try and enjoy my lot.Paul Marden: Well, Andy, it's been lovely talking to you. I've been really interested to hear what you've been up to. This was only a short snippet of an interview. I reckon there's some more stories for you to tell once you're into year two. So I'd love for you to come back and we'll do a full-on interview once you've got year two under your belt. How's that sound to you?Andy Hadden: Absolutely, Paul, and thanks very much for the platform.Paul Marden: Next up, let's hear from some of the exhibitors on the floor. Bakit.Paul Marden: Introduce yourself for me, please, and tell me a little bit about where you're from.Bakit Baydaliev: We have two companies located in Turkey, Istanbul, and Los Angeles, USA. We develop attractions, equipment, but not just equipment— also software, AI, and content, games, and movies. Paul Marden: Oh, wow. So you're here at IAPA. This is my very first morning of my very first IAAPA. So it's all very overwhelming for me. Tell me, what is it that you're launching at IAAPA today?Bakit Baydaliev: Today we're launching our bestseller, Hurricane. It's a coaster simulator. In addition to that, we're also launching a special immersive tunnel, Mars Odyssey. We're sending people to Mars, we're sending people to space, and the story, of course, may change. After you install the attractions, you always can create different kinds of content for this attraction. It's completely immersive and what is very unique for this attraction is edutainment. Theme parks, science centres, space centres, and museums all benefit from it. It's not just to show and entertain, but also educate and provide a lot of useful information for people. Paul Marden: So what would you say is unique about this? Bakit Baydaliev: There are several factors. First of all, it's equipment. We have a very special software that amazingly synchronizes with the content and it doesn't create motion sickness at all. Paul Marden: Oh, really? Bakit Baydaliev: This is very important. Independently on the speeds, which is... We have very high speeds in our simulators. In addition to that, we have special effects, unusual effects, which feel like cold, heat, sounds.Paul Marden: So it is truly 4D, isn't it?Bakit Baydaliev: Completely. In addition to that, it's interactive content. It's not just the content which you can sit and... watch and entertain yourself and get a lot of useful information, but also you can interact. You can play games, you can shoot, you can interact. And of course, the most important thing which makes this attraction innovative is the educational aspect.Paul Marden: I find that really interesting that you could see this ride at a theme park, but similarly you can see it as an educational exhibit at a science centre or space centre. I think that's very interesting.Bakit Baydaliev: Very, very. Especially, you know, the standard experience for space centres, science centres, and especially museums, it's just walking around, touch some stuff. Some you may not even touch it. It's exponents which you can watch, you can read, it's very nice. But it's even better when you let people live it in real with a nice simulation atmosphere environment, like immersive tunnel.Paul Marden: Absolutely. Bekit, thank you so much for joining us on Skip the Queue, and I look forward to enjoying one of the rides.Bakit Baydaliev: Please ride, and you will be amazed.Hamza Saber: My name is Hamza. I work for TÜV SUD Germany. Our main job is to make sure attractions are safe, parks are safe. We do everything from design review to initial examination of rides, to yearly checks and making sure that we push the standards and the norm to the next level and cover everything that comes in new in the industry as well to make sure this industry stays safe and enjoyable for people. Paul Marden: It's so important though, isn't it? At an event like this, you don't have a sexy stand with lots of really cool rides to experience, but what you do is super important.Hamza Saber: Yes, I guess it's not one of the big colourful booths, but it's at the heart of this industry. It's in the background. If you look at the program for the education, there is a lot of safety talks. There is a lot of small groups talking about safety, trying to harmonise norms as well. Because if you look at the world right now, we have the EN standards. We have the American standards and we're working right now to try to bring them closer together so it's as easy and safe and clear for all manufacturers and operators to understand what they need to do to make sure that their guests are safe at the end of the day.Paul Marden: So Hamza, there's some really cool tech that you've got on the stand that's something new that you've brought to the stand today. So tell us a little bit about that.Hamza Saber: So as you can see, we have one of the drones right here and the video behind you. So we're trying to include new technologies to make it easier, faster, and more reliable to do checks on big structures like this or those massive buildings that you usually see. You can get really, really close with the new technologies, the drones with the 4K cameras, you can get very, very precise. We're also working on AI to train it to start getting the first round of inspections done using AI. And just our expert to focus on the most important and critical aspects. So we're just going to make it faster, more reliable.Paul Marden: So I guess if you've got the drone, that means you don't have to walk the entire ride and expect it by eye?Hamza Saber: No, we still have to climb. So what we do is more preventive using the drones. So the drones, especially with the operators, they can start using them. And if they notice something that does not fit there, we can go and look at it. But the actual yearly inspections that are accepted by the governments, you still need to climb, you still need to check it yourself. So the technology is not right there yet, but hopefully we're going to get there. Paul Marden: We're a long way away from the robots coming and taking the safety engineer's job then. Hamza Saber: Yes, exactly. And they don't think they're going to come take our jobs anytime soon. Using technology hands-in-hands with our expertise, that's the future.Paul Marden: It must be so exciting for you guys because you have to get involved in all of these projects. So you get to see the absolute tippy top trends as they're coming towards you.Hamza Saber: Yeah, for sure. Like we're always three years before the public knowledge. So it's exciting to be behind the scene a little bit and knowing what's going on. We're seeing some really fun and creative ideas using AI to push the attractions industry to the next level. So I'm excited to see any new rides that will be published or announced at some point this week.Paul Marden: Very cool. Look, Hamza, it's been lovely to meet you. Thanks for coming on Skip the Queue.Hamza Saber: Yeah, thank you so much.Kristof Van Hove: My name is Kristof. I live in Belgium. I'm working for the Tomorrowland group already now for three years, especially on the leisure part.Paul Marden: Tell listeners a little bit about Tomorrowland because many of our listeners are attraction owners and operators. They may not be familiar with Tomorrowland.Kristof Van Hove: Yeah, so Tomorrowland is already 20 years, I think, one of the number one festivals in the world. Actually, already for the last years, always the number one in the world. And what makes us special is that we are not just a festival, but we are a community. We create. special occasions for people and it starts from the moment that they buy their tickets till the festival we make a special feeling that people like and I think we create a world and each year we work very hard on new team that goes very deep so not only making a festival but we go very deep in our branding not only with our main stage but we also make a book about it we make gadgets about it so it's a completely.Paul Marden: Wow. Help listeners to understand what it is that you're doing new here at the moment. You're blending that festival experience, aren't you, into attractions.Kristof Van Hove: Yeah, that's right. So because we are already 20 years on the market building IP, the more and more we really are able to create a complete experience, not only the IP as a brand, but also all the things around it. We have our own furniture. We have our own plates. We create actually all elements that are needed to build a leisure industry project. And that makes it magnificent. I think we are capable now, with everything that we do in-house, to set up and to facilitate water park and attraction park projects completely. Paul Marden: So, have you got any attractions that are open at the moment? Kristof Van Hove: Well, we have the Ride to Happiness, of course, the coaster that is built in Plopsaland three years ago. That is already now for five years the number one steel coaster in Europe and the fifth steel coaster in the world. So this is a project we are very proud of. Besides that, we have already a lot of immersive experiences. And we are constructing now a secret project that will be announced in the beginning of next year somewhere in Europe.Paul Marden: Give us a little sneak peek what that might look like.Kristof Van Hove: It's not that far from here. Okay, okay, excellent. So it's more an outdoor day project that we are constructing. That for sure will be something unique. Excellent.Paul Marden: So look, you're already planning into 2026. Help listeners to understand what the future might look like. What trends are you seeing in the sector for next year?Kristof Van Hove: Well, I think more and more the people expect that they get completely a deep dive into branding. I don't think that people still want to go to non-IP branded areas. They want to have the complete package from the moment that they enter. They want to be immersed. With everything around it, and they want a kind of a surrounding, and they want to have the feeling that they are a bit out of their normal life, and a deep dive in a new environment. And I think this is something that we try to accomplish. Paul Marden: Wow.David Jungmann: David Jungman, I'm the Director of Business Development here at Accesso, based in Germany. I'm super excited to be here at IAPA in Barcelona. We're exhibiting our whole range of solutions from ticketing to point of sale to virtual queuing to mobile apps. And one of the features we're calling out today is our Accesso Pay 3.0 checkout flow, which streamlines donations, ticket insurance, relevant payment types by region on a single simple one-click checkout page.Paul Marden: What impact does that have on customers when they're presented with that simple one-click checkout?David Jungmann: Well, as you guys know, conversion rate is super important. The number of clicks in an e-commerce environment is super important. And because we're at IAAPA Europe, we've got guests here from all over Europe. Different regions require different payment types. And it's important to not overload a checkout page with like eight different types for, let's say, German guests, Dutch guests, Belgium guests, is to be able to only offer what's relevant and to keep it short and sweet. And then rolling in additional features like donations, ticket insurance and gift cards, stuff like that.Paul Marden: Amazing. So get your crystal ball out and think about what the world in 2026 is going to be like.David Jungmann: I think this year was a little bit soft in terms of performance for the parks, certainly in Europe, what we've seen. I think what that will mean is that maybe some will consider, you know, really big capex investments. But what that also means is they will get creative. So I envision a world where, instead of buying new protocols for 20 million, maybe some operators will start thinking about how can we make more out of what we've got with less, right? How can we be really creative? And I think there's a lot to uncover next year for us to see.Paul Marden: Sweating their assets maybe to be able to extend what they do without that big CapEx project.David Jungmann: Yes, how can we keep innovating? How can we keep our experience fresh? Without just buying something very expensive straight away. And I think that's what we see.Paul Marden: What is going to be innovating for Xesso and the market that you serve?David Jungmann: Well, for us, it's really about that streamlined, consistent guest experience, but also tying into things like immersive experiences, right, where you could maybe change the overlay of an attraction and feed in personalised information that you have for your visitors and collect it during you know the booking flow when they enter the venue and feeding that into the actual experience i think that's something i'm excited about.Paul Marden: I think that there is a missed opportunity by so many attractions. There's so much data that we build and we collect the data, but oftentimes we don't bring it together into a central place and then figure out the ways in which we want to use it. There's so much more you can do with that rich data, isn't there?David Jungmann: 100% exactly. And I don't just mean from a marketing perspective. I mean from an actual experience perspective. Let's say you ride through Dark Ride and all of a sudden your name pops up or your favorite character pops up and waves hello to you. That's the type of stuff you want to do, not just market the hell out of it.Paul Marden: Absolutely. Look, David, it's been so good to meet you. Thank you ever so much. And yeah, thank you for joining Skip the Queue. David Jungmann: Thanks, Paul. Have a great day at the show. Paul Marden: Isn't it great? I mean, we have got such an amazing job, haven't we? To be able to come to a place like this and be able to call this work.David Jungmann: Absolute privilege. Yes, absolutely.Paul Marden: Now, before we wrap up, Andy and I wanted to have a little chat about what we've seen today and what we've enjoyed. Why don't we sit down? You have clearly returned to your tribe. Is there a person in this place that doesn't actually know you?Andy Povey: There's loads. I've been doing the same thing for 30 years. Paul Marden: Yeah, this ain't your first radio, is it? Andy Povey: I'm big and I'm loud, so I'd stand out in a crowd. I mean, there are all fantastic things that I should put on my CV. But this is really where I feel at home. This industry continues to blow me away. We're here, we're talking to competitors, we're talking to potential customers, we're talking to previous customers, we're talking to people that we've worked with, and it's just all so friendly and so personally connected. I love it.Paul Marden: It has been awesome. I've really enjoyed it. Although I'm beginning to get into the Barry White territory of my voice because it's quite loud on the show floor, isn't it? Andy Povey: It is. It's actually quieter than previous shows, so I don't know why, and I don't know whether... Maybe I'm just getting old and my hearing's not working quite so well, but... You used to walk out of the show and you could almost feel your ears relax as they just stopped hearing and being assaulted, I suppose, by machines pinging and blowing.Paul Marden: It really is an assault on the senses, but in the very best way possible. Andy Povey: Absolutely, absolutely. I feel like a child. You're walking around the show, you're going, 'Wow, Wow, Wow, Wow, Wow, Wow, Wow.' Paul Marden: So what has been your highlight? Andy Povey: Do you know, I don't think I could give you one. It really is all of the conversations, the connections, the people you didn't know that you hadn't spoken to for two years.Paul Marden: So for me, my highlight, there was a ride that I went on, Doff Robotics.Andy Povey: I've seen that, man.Paul Marden: So it was amazing. I thought I was going to be feeling really, really sick and that I wouldn't enjoy it, but it was amazing. So I had Emily with the camera in front of me. And within 10 seconds, I forgot that I was being recorded and that she was there. I was completely immersed in it. And I came off it afterwards feeling no motion sickness at all and just having had a real good giggle all the way through. I was grinning like, you know, the Cheshire Cat. Andy Povey: A grinning thing. Paul Marden: Yeah. So, tomorrow, what are you looking forward to?Andy Povey: It's more of the same. It really is. There's going to be some sore heads after tonight's party at Tribodabo. We're all hoping the rain holds off long enough for it to be a great experience. But more of the same.Paul Marden: Well, let's meet back again tomorrow, shall we? Andy Povey: Completely. Paul Marden: Let's make a date.Paul Marden: Thanks for listening to today's episode from IAAPA Expo Europe. As always, if you've loved today's episode, like it and comment in your podcast app. If you didn't like it, let us know at hello@skipthequeue.fm. Show notes and links can also be found on our website, skipthequeue.fm. Thanks to our amazing team, Emily Burrows and Sami Entwistle from Plaster Creative Communications, Steve Folland from Folland Co., and our amazing podcast producer, Wenalyn Dionaldo. Come back again tomorrow for more show news. The 2025 Visitor Attraction Website Survey is now LIVE! Dive into groundbreaking benchmarks for the industryGain a better understanding of how to achieve the highest conversion ratesExplore the "why" behind visitor attraction site performanceLearn the impact of website optimisation and visitor engagement on conversion ratesUncover key steps to enhance user experience for greater conversionsTake the Rubber Cheese Visitor Attraction Website Survey Report
Ben Lamm is CEO and Co-founder of Colossal Biosciences, the world's first de-extinction company. Colossal has raised more than $400 million at a valuation north of $10 billion to bring back extinct species using synthetic biology and genetic engineering. Just this year, the company unveiled the first dire wolves born in 12,000 years, created woolly mice with mammoth-like fur, and remains on track to see woolly mammoth calves by 2028.This conversation explores Colossal's end-to-end platform approach, from ancient DNA recovery to multiplex genome editing, and why Ben sees de-extinction not just as science fiction come true but as a venture-scale business that spins out companies, partners with governments, and raises profound ethical questions. We cover polarizing public reactions, the conservation potential of rewilding keystone species, and how synthetic biology and AI are accelerating breakthroughs once thought impossible.Episode recorded on Aug 20, 2025 (Published on Sept 23, 2025)In this episode, we cover: [04:14] An overview of Colossal[05:47] The company's dire wolf pups debut[10:51] Reasons behind de-extinction[11:49] Mammoth vs. thylacine vs. dodo challenges[18:40] How Ben co-founded a bioscience company[20:56] George Church and Colossal's origin story[22:40] The “why” behind bringing back the mammoth[27:42] Colossal's biodiversity credit carbon model[28:43] Trade-offs between rewilding existing species vs extinct[31:35] Colossal's multifaceted business model[33:58] The company's plastic-eating enzyme spinout[37:57] Colossal's unique speed of R&D[40:38] The Colossal Foundation[42:29] Ben's pov on our moral obligation to transparency Enjoyed this episode? Please leave us a review! Share feedback or suggest future topics and guests at info@mcj.vc.Connect with MCJ:Cody Simms on LinkedInVisit mcj.vcSubscribe to the MCJ Newsletter*Editing and post-production work for this episode was provided by The Podcast Consultant
What this episode coversWhy Spades matter: Their superpower is rigorous problem definition, research, and data synthesis—the foundation of smart strategy and R&D.High vs. Low Spades: Where each gets energy (inward reflection vs. outward sharing) and how that shows up at work.Common pitfalls: Analysis paralysis, undervaluing interpersonal dynamics, missing the big picture, and drifting into “know-it-all” or cynical territory under stress.How to spot a Spade: The questions they ask, the cues they give, and why silence from them does not equal disengagement.Communicating with Spades: Slow down, bring substance, allow thinking time, use email for reflection, and avoid interrupting their analysis.Maximizing Spade contributions: Enlist their expertise, set clear decision deadlines, recognize knowledge achievements, and “sell” with facts and features.Team design insight: Balance Spades with Diamonds (ideas), Clubs (execution), and Hearts (relationships) so decisions are both smart and adopted. Key TakeawaysDefine before you decide. Spades shine when the problem is ambiguous. Put them in front of fuzzy challenges and give them the mandate to clarify scope, criteria, and risks.Progress beats perfection. Pair the Spade mindset with a “build it, try it, fix it” cadence to prevent endless analysis.Respect the pace. Spades think deeply. Provide data in advance, ask pointed questions, and give time for considered responses.Reward with recognition that fits. Articles, patents, peer acknowledgment, and visible ownership of insights motivate Spades more than generic praise.Balance the system. Use Diamonds to broaden possibilities, Clubs to drive timelines and outcomes, and Hearts to energize adoption and stakeholder buy-in. Bottom LineSpades make innovation safer, smarter, and more strategic. Give them the right inputs, time, and recognition—and pair them with complementary styles—so your team can move from insight to impact.Resources
Rani Al Hajji is a seasoned global executive with over 25 years of experience in the fast-moving consumer goods (FMCG) industry. Having held key roles in renowned companies like L'Oréal and Colgate, Rani has spearheaded innovation and commercial strategies across Europe, North America, and Asia (including notable work in China). His extensive career has been dedicated to transforming cutting-edge R&D and tech innovations into consumer-friendly, marketable solutions that resonate with diverse audiences. Rani's rich international experience and his ability to adapt innovation and sustainability strategies to different cultural and economic contexts make him a valuable thought leader in the consumer goods industry. His holistic view combines strategic foresight with practical implementation, offering listeners a comprehensive understanding of both innovation and sustainability. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin Instagram: https://www.instagram.com/thejondwoskinexperience/ Website: https://jondwoskin.com/LinkedIn: https://www.linkedin.com/in/jondwoskin/ Email: jon@jondwoskin.com Get Jon's Book: The Think Big Movement: Grow your business big. Very Big! Connect with Rani Al Hajji: Website: https://podfol.io/profile/rani-al-hajji X: https://twitter.com/wedoneedimpact Instagram: https://www.instagram.com/climateroads/ LinkedIn: https://www.linkedin.com/in/rani-al-hajji/ *E – explicit language may be used in this podcast.
Discover how enterprises can successfully adopt and scale agentic AI to create real business impact in this conversation with Florian Douetteau, CEO and co-founder of Dataiku. Florian shares why democratizing AI across the enterprise is essential, how to prevent agent sprawl, and what it takes to build a governance framework that keeps your data secure while enabling innovation. Learn about Dataiku's enterprise AI blueprint, its partnership with NVIDIA, and how global companies are using agentic workflows to accelerate R&D, optimize operations, and stay competitive. If you're a business leader, CTO, or data professional looking to scale AI safely and effectively, this episode is your playbook for the future of enterprise AI. Stay Updated: Craig Smith on X: https://x.com/craigss Eye on A.I. on X: https://x.com/EyeOn_AI 00:00 Intro 00:31 Florian's Background & Dataiku's Founding 03:00 Enterprise Blueprint for AI with NVIDIA 05:13 Unique Needs of Financial Services 07:09 Building Agents on Dataiku 09:22 Permissioning & Governance 11:17 Agent Lifecycle Management 13:20 State of Agent-to-Agent Systems 15:02 Real-World Use Cases of Agents 16:28 The Most Complex Agents in Production 19:01 Future Vision: Headless Organizations 21:04 Human-Like Qualities of Agents 24:56 The LLM Mesh & Model Abstraction 28:55 Guardrails & Compliance 31:12 No-Code + Code-Friendly Collaboration 36:12 Breaking Silos & Centers of Excellence 41:36 Distribution & Seat Allocation 43:34 Most Common Agents by Industry 47:02 The State of Enterprise AI Adoption
Artificial Intelligence is no longer just a futuristic buzzword – it's already shaping the way cosmetics are researched, formulated, and launched. In this episode of Green Beauty Conversations, Formula Botanica CEO Lorraine Dallmeier talks to Hejab Malik, co-founder of Potion AI – a San Francisco-based technology company with over 10,000 global users. Together, they explore how AI is already embedded in beauty R&D, what it can (and can't) do, and whether it will ever replace the cosmetic chemist. If you want to know how AI might transform your own formulation process – and how to stay ahead – you won't want to miss this fascinating conversation. Special offer for listeners: Get 10% off a Potion subscription using the code 'FORMULABOTANICA'. Free Resources Free formulation course | Green Beauty Conversations Podcast | Blog | YouTube Socials: Formula Botanica on Instagram | Lorraine Dallmeier on Instagram
(0:00) Introducing Uber CEO Dara Khosrowshahi (0:59) Uber's self-driving business: partnerships, market size, LiDAR vs computer vision, safety, distribution (8:14) How self-driving impacts Uber's business model over time (13:30) Other forms of transportation Uber could provide (16:09) $20B stock buyback plan vs. investing in R&D and acquisitions, future of food (21:03) Dara's pitch to Elon for bringing Tesla Robotaxis into Uber's network (22:31) How Uber thinks about driver job displacement from self-driving Thanks to our partners for making this happen! Solana - Solana is the high performance network powering internet capital markets, payments, and crypto applications. Connect with investors, crypto founders, and entrepreneurs at Solana's global flagship event during Abu Dhabi Finance Week & F1: https://solana.com/breakpoint OKX - The new way to build your crypto portfolio and use it in daily life. We call it the new money app. https://www.okx.com/ Google Cloud - The next generation of unicorns is building on Google Cloud's industry-leading, fully integrated AI stack: infrastructure, platform, models, agents, and data. https://cloud.google.com/ IREN - IREN AI Cloud, powered by NVIDIA GPUs, provides the scale, performance, and reliability to accelerate your AI journey. https://iren.com/ Oracle - Step into the future of enterprise productivity at Oracle AI Experience Live. https://www.oracle.com/artificial-intelligence/data-ai-events/ Circle - The America-based company behind USDC — a fully-reserved, enterprise-grade stablecoin at the core of the emerging internet financial system. https://www.circle.com/ BVNK - Building stablecoin-powered financial infrastructure that helps businesses send, store, and spend value instantly, anywhere in the world. https://www.bvnk.com/ Polymarket: https://www.polymarket.com/ Follow Dara: https://x.com/dkhos Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg
On today's episode of the Govcon Giants Podcast, I sit down with Zach Michelson, Small Business Program Manager at Sandia National Laboratories. Sandia is more than just a research and development hub — it's a $5.2 billion operation that spent nearly $1.7 billion in subcontracts last year. Even more shocking, over $1 billion went directly to small businesses, accounting for 67% of their procurement spend. That means hundreds of new suppliers — between 350 and 500 every single year — are being added to their vendor list. If you've ever wondered where real contracting dollars are flowing, Sandia is one of the most active buyers in the game. Zach and I break down exactly what Sandia is buying right now — from R&D testing equipment to construction projects, IT, staffing, and even everyday commercial products. You'll also learn how to get in the door through their iSupplier portal, avoid common mistakes, and position your company as one of their go-to vendors. With upcoming construction booms, innovation buys, and opportunities hidden outside of SAM.gov, this is a must-listen episode if you're serious about cracking into government contracting. Zach's Linkedin: https://www.linkedin.com/in/zachmikelson/ Company Linkedin: https://www.linkedin.com/company/sandia-national-laboratories/ Website: https://www.sandia.gov/
On "A Brush With Death: 5 Minutes On...," we spend 5 minutes providing listeners with quick insights into various funeral trends, products, events, organizations, and goings-on. In this episode, host, Gabe Schauf, sits down with Welton Hong, founder and CEO of Ring Ring Marketing. Welton and Gabe discuss AI's effect on search engines as well as a few things you can do to keep your website SEO working for you. Ring Ring Marketing specializes in helping funeral homes grow by making their phones ring. With a focus on generating quality leads, improving online presence, and building stronger connections with families in need, Ring Ring Marketing provides proven strategies tailored to the funeral profession. Their goal is simple: bring more at-need and pre-need families to your funeral home so you can focus on what matters most—serving them with care and compassion. Welton is a leading expert in helping funeral homes convert leads from online directly to the phone line. He's the author of the book Making Your Phone Ring with Internet Marketing for Funeral Homes and a regular contributor to NFDA's The Director magazine and several other publications. Welton has a graduate degree in Electrical Engineering from the University of Colorado at Boulder. Prior to starting Ring Ring Marketing, he was a senior technologist at R&D facilities for Intel, Sun Microsystems, and Oracle. He regularly speaks at conferences and other events for people in the death care industry. Click here to learn more about Ring Ring Marketing.
This week, Shawn Wilkie and Dr. Ivan Zak welcome Alex Voda from The Cat Health Company to discuss how the startup became the first clinical-stage company focused on feline longevity. Alex explains why cats are better models than other species for pharmaceutical R&D and how repurposing existing drugs could accelerate new treatments. He shares insights into why longevity companies still move slowly, highlights common and unique feline aging mechanisms, and reflects on what these innovations could mean for veterinarians, pet owners, and the broader future of veterinary practice. Learn more about The Cat Health Company. Alex recommends Youtube - Alex Zhavoronkov at ARDD2024: Methylation Clocks and AI Life Models as Sources of Therapeutic Target.
In this episode of Idea Collider, host Mike Rea interviews Dr. Christian Rommel from Bayer. Dr. Rommel discusses his journey in molecular oncology from the Max Planck Institute, through roles at Roche, to overseeing global R&D at Bayer. He shares insights on turning scientific discovery into novel medicines, collaboration between scientists and commercial teams, and the importance of maintaining scientific integrity. Dr. Rommel also delves into the impact of AI in drug development, the potential of genetic medicines, and the complexities of launching new medicines on a global scale. The conversation also touches on embracing failure, internal and external partnerships, and the evolving landscape of clinical translation. 00:00 Introduction and Guest Welcome00:25 Christian Rommel's Journey in Oncology03:02 The Importance of Collaboration in Innovation05:16 Balancing Risk and Reward in Drug Development18:07 The Role of AI and Data in Modern R&D22:33 Partnerships and External Learning26:16 Balancing Legacy and Innovation in Biotech27:18 Global Expansion and Leadership Diversity27:27 Courage in Biotech Management27:54 Inspiration from Roche Genentech30:26 Commitment to Product Supply and Market Readiness32:23 Challenges of Global Launches35:53 Emerging Trends in Pharma: AI and Genetic Medicines42:20 Decision-Making in Pharma47:30 Reflections on Academic and Professional Journey Don't forget to Like, Share, Subscribe, Rate, and Review! Keep up with Christian Rommel;LinkedIn: https://www.linkedin.com/in/christian-rommel/Website: https://www.bayer.com/en/innovation/science-research-and-innovation Follow Mike Rea On;Website: https://www.ideapharma.com/X: https://x.com/ideapharmaLinkedIn: https://www.linkedin.com/in/bigidea/ Listen to more fantastic podcast episodes: https://podcast.ideapharma.com/
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society. In this episode, Justin interviews Manjit K. MInhas, Calgary-born entrepreneur, engineer, venture capitalist, and Co-founder and CEO at Minhas Brewery, Distillery, and Winery, from the age of 19. Manjit appears on Dragon's Den on the CBC and is a multiple entrepreneur. Justin and Manjit discuss her entrepreneurship journey, how she insists on risk professionals at the table from the beginning of any business, and what her risk philosophy is. Manjit shares thoughts on business resilience and her upcoming opening keynote at the RIMS Canada Conference 2025 on September 15th in Calgary. She offers a Q&A at the end of her keynote. Listen to learn about startups, innovation, and having risk management at the decision table. Key Takeaways: [:01] About RIMS and RIMScast. [:17] About this episode of RIMScast. Our guest is Manjit Minhas. You might know her from Dragon's Den in Canada. She's also the Co-founder and CEO of Minhas Brewing and Distilleries. [:45] We will get a sample of her keynote, which will kick off the RIMS Canada Conference 2025 in Calgary, on September 15th. We've got a really fun episode for you today! [:56] RIMS-CRMP Workshops! The next RIMS-CRMP-FED virtual workshop will be held on November 11th and 12th, and led by Joseph Mayo. Links to these courses can be found on the Certification Page of RIMS.org and through this episode's show notes. [1:16] RIMS Virtual Workshops! RIMS has launched a new course, “Intro to ERM for Senior Leaders.” It will be held again on November 4th and 5th and will be led by Elise Farnham. RIMS members enjoy deep discounts! [1:33] The full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's notes. [1:44] Several RIMS Webinars are being hosted this Fall. On September 18th, Origami Risk will present “Driving Better Incident and Claims Management with Data, Technology & Strategic Collaboration”. [1:56] On October 9th, Global Risk Consultants returns to deliver “Natural Hazards: A Data-Driven Guide to Improving Resilience and Risk Financing Outcomes”. [2:06] On October 16th, Zurich returns to deliver “Jury Dynamics: How Juries Shape Today's Legal Landscape”. [2:14] On October 30th, Swiss Re will present “Parametric Insurance: Providing Financial Certainty in Uncertain Times”. [2:23] On November 6th, Hub will present “Geopolitical Whiplash — Building Resilient Global Risk Programs in an Unstable World”. Register at RIMS.org/Webinars. [2:35] RISKWORLD 2026 will be in Philadelphia, Pennsylvania, from May 3rd through the 6th. RIMS members can now lock in the 2025 rate for a full conference pass to RISKWORLD 2026 when registering by September 30th. [2:49] This also lets you enjoy earlier access to the RISKWORLD hotel block. Register by September 30th, and you will also be entered to win a $500 raffle. Don't miss out on this chance to plan and score some extra perks. [3:02] The members-only registration link is in this episode's show notes. If you are not yet a member, this is the time to join us. Visit RIMS.org/membership and build your risk network with us here at RIMS. [3:17] On with the show! Our guest today is Manjit K. Minhas, a Calgary-born entrepreneur, engineer, and venture capitalist. [3:28] You know her from the Minhas Brewery, Distillery, and Winery, which has grown into a global empire, with over 90 brands sold across North America and 16 countries. [3:38] You also know her from CBC's Dragon's Den, which premieres its new season, featuring Manjit, in September 2025. Manjit will distill her risk philosophies on reliance and leadership today, here on RIMScast. I'm so excited to have her join us! Let's get to it! [4:01] Interview! Manjit K. Minhas, welcome to RIMScast! [411] Manjit loves risk professionals and loves working with them. She is very excited to speak to risk professionals from many industries at the RIMS Canada Conference 2025. [4:27] Manjit has worked with risk professionals in her companies and through the boards she sits on and the companies she advises or invests in. She sees a variety of talents and skills in risk professionals. They have a technical expertise and a strong foundation in methodologies. [5:01] Manjit says risk professionals identify not just the basic operational and financial risks but strategic risks and mitigation risks. There is so much M&A happening in every sector. Their technical expertise is very important. [5:22] Manjit explains, they are really good at data analysis and modeling, and making that data and a large volume of information into something that matters, that decision-makers can use to make great decisions, and think about the pros, the cons, and sometimes the blind spots. [5:57] The risk officers Manjit hires have her ear. She always likes them to be at the table. She wants their perspective beforehand rather than after. They are good at listening, taking it all in, succinctly communicating, and helping with stakeholder management. [6:18] Manjit believes that with their business acumen and their wealth of knowledge from so many parts of the business, risk managers should be at the table all the time. She wants their input from the outset. [6:42] Manjit believes that more business leaders with that viewpoint are coming up. It's a matter of how long you've been an entrepreneur or founder. Manjit has been an entrepreneur for 26 years. She and her brother started when she was 19. The drinking age in Canada is 18. [6:58] Manjit was studying engineering at the University of Calgary and came up with the idea of getting into the private label spirits business, and a couple of years later, the beer business. They started as a sales, marketing, and branding company, and then got into manufacturing. [7:16] It went step by step. It was not overnight, by any means. She just started young and has been at it for a long time. With that time comes experience, knowledge, and understanding that there are a lot of smarter people than she, that she needs to collect around the table. [7:34] At year four or five, she didn't have the same perspective she has now. Founders and entrepreneurs in early stages are still figuring it out and don't have the resources to have the same perspective as Manjit. As they gain self-awareness, they look to risk professionals. [8:14] As a 19-year-old, Manjit says she had no concept of risk. She didn't have money or a reputation at risk. Now, she has a lot more of those things, plus a list of a dozen more, that are at risk. A young person doesn't think they're risking anything other than time and energy. [8:48] Manjit thinks time definitely makes all of us a bit smarter. [8:52] The risk professionals working for Manit work under the legal department. [9:42] Manjit talks about her risk professionals. As a business owner, you want to have the confidence that you have someone there identifying risks, assessing the impact, prioritizing risks, developing mitigation plans, and assigning responsibility. The list goes on. [10:18] In this day and age, things are changing so fast, from policy, regulation, and the labor environment. There's a long list of things that companies need to be aware of. They can't just close their eyes. They have to have a plan. [10:47] Manjit is an optimist. She wakes up thinking that where there is a challenge, there is an opportunity. She believes that when things are tough, there are a lot of problems to solve. That's when great businesses are born. Great entrepreneurs are good at solving and discovering. [11:29] RIMS Events! On September 18th, the 10th Annual Chicagoland Risk Forum will be held at The Old Post Office in Chicago. Register at ChicagoRIMS.org. [11:43] On October 1st through the 3rd, the RIMS Western Regional Conference will be held in North San Jose at the Santa Clara Marriott. The agenda is live. It looks fantastic! Visit RIMSWesternRegional.com and register today! [12:00] On November 17th and 18th, elevate your ERM Program and career at the RIMS ERM Conference 2025 in Seattle, Washington. Register now to save $110 and secure your spot at the ERM event of the year. [12:16] Canadian listeners, take note, that's just a little bit South of the border in British Columbia. That's a great way to extend your knowledge after the RIMS Canada Conference. Visit RIMS.org/ERM2025 to register. [12:31] Let's Return to Our Interview with RIMS Canada Conference 2025 Opening Keynote, Manjit K. Minhas! [12:41] Minhas products include a beer for Trader Joe's, and a fair number of private-label, controlled-label, and white-label brands throughout North America, including food service. If you've had a beer-battered onion ring or French fry on the East Coast, you've had Minhas beer. [13:28] Minhas has a diverse business within the liquor industry. [13:37] Manjit discusses reputational risk. There is reputational risk in any consumer-facing business. She says, often, what separates you from the flurry of competitor advertising is taking some risks with your brand image. [14:15] She shares an example of making a decision early on that was to get noticed, but also to protect the Minhas brand. Marketing professionals are more forward-thinking, and risk professionals are more conservative. Manjit comes to a happy middle-ground decision. [15:40] Final Break! The Spencer Educational Foundation's goal to help build a talent pipeline of risk management and insurance professionals is achieved, in part, by its collaboration with risk management and insurance educators across the U.S. and Canada. [15:58] Since 1999, Spencer has awarded over $2.9 million to create more than 570 Risk Management Internships. The Internship Grants application process is now open through October 15th, 2025. [16:14] To be eligible, risk managers must be based in the U.S., Canada, or Bermuda. A link to the Internship Grants page is in this episode's show notes. You can always visit SpencerEd.org, as well. [16:28] Let's Conclude Our Interview with RIMS Canada Conference 2025 Opening Keynote, Manjit Minhas! [16:39] Manjit states that innovation is one of the fun parts of R&D. Manjit talks about different vodkas and beers. Innovation has a financial and reputational cost, and the cost of pushing away another product from retail shelves, for a variety of marketing reasons. [17:40] There are a lot of reasons you don't want to innovate and upset the apple cart. The risk professionals help by getting the metrics for the decision. When will you see if the risk is paying off? It's an art. There are a lot of people involved, so that leadership can make a decision. [18:33] Manjit says there are a lot of nerves in the launch phase of innovation, after being in business this long. It's different when you're new. Once it's out and Manjit sees the execution phase, that's when she gets excited. All of the pieces of the puzzle have come together. [19:18] When Manjit started the business, it was super cool to see her brand offered on the menu or in the bar. It still is, going to the grocery store with her daughter and seeing their craft sodas. Her daughter went up and turned the bottles so the logos were forward-facing. [19:40] It never gets old. Her brother is the same way. They send photos to each other all the time. They package 600 cans a minute at all their facilities. It's a big operation. But to Manjit and her brother, it's like it's still the two of them against the world. [20:29] It's the drive to keep winning that gets Manjit up every day. Minhas is the 9th largest brewery in North America. How are they to keep climbing that ladder and keep getting better, compared to themselves? [20:53] Some Minhas facilities in the States offer tours. But they have secrets they want to protect. It's a very competitive industry. [21:23] Manjit explains operational resilience and risk strategy in the light of supply chain disruptions and tariffs. It's something we all need to look at and not take for granted. Look at critical operations, people, facilities, technology, third-party dependencies, ownership, and more. [22:08] They look at every part of that as to how they can be resilient and be better than their competitor, and do it more efficiently, quicker, with faster adaptation, and recover when things don't go right. Everybody is a part of it. They're doing more scenario testing than ever before. [22:44] Minhas is looking at different impacts and how long they can get through them. What are the tolerance levels? Their culture is more transparent to both issues, where they are winning and where they are not. Manjit lists the many types of business resilience. [23:26] If your business is not looking at using technology and AI to your advantage, what are you doing? Resilience is more than the easy definition. [23:57] How does Manjit keep a consistent approach to risk across all her verticals? It's communication. Manjit doesn't think there is such a thing as too much communication. Ideas have to be shared. It has to be a collaborative space to understand everything that comes. [24:25] A lot of people know Manjit from Dragon's Den. She has been on for 10 years and just finished filming her 11th season, which is airing soon. She'll let people take selfies with her. [25:11] Some of what to expect from Manjit on September 15th, in Calgary: She'll talk about her story, lessons learned, mentorship, the courage, skills, and talents that have brought her success, and fun stories about leadership. [25:37] Manjit will give some advice on how to build confidence, self-awareness, negotiation, and lots of fun things. She will leave about 15 minutes for an open Q&A session. She always enjoys learning what people in the audience are wondering. It's fun! [26:08] We look forward to seeing you on September 15th, 9:00 a.m. In Calgary! It's been such a pleasure to meet you! Thank you for joining us on RIMScast! [26:44] Special thanks again to Manjit Minhas for joining us here on RIMScast! We are so excited for her to kick off RIMS Canada 2025 with her keynote on September 15th at 9:00 a.m. in Calgary. [27:00] Be sure to register today! This is the last call! Visit RIMSCanadaConference.ca for more information and to register! I've also got a link in today's show notes to the closing keynote interview, Amanda Lindhout. She was fantastic, as well. See her on September 17th. [27:20] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [27:49] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [28:07] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [28:25] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [28:41] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [28:55] Justin Smulison is the Business Content Manager at RIMS. Please remember to subscribe to RIMScast on your favorite podcasting app. You can email us at Content@RIMS.org. [29:07] Practice good risk management, stay safe, and thank you again for your continuous support! Links: RIMS Canada 2025 — Sept. 14‒17 | Last week to register! RIMS ERM Conference 2025 — Nov. 17‒18 Spencer Internship Program — Registration Open Through Oct. 15. 10th Annual Chicagoland Risk Forum — Sept. 18 | Registration open! RIMS Western Regional — Oct 1‒3 | Bay Area, California | Registration open! RISKWORLD 2026 — Members-only early registration through Sept 30! Spencer Educational Foundation 2025 Funding Their Future Gala — Sept. 18, 2025, in NYC! RIMS-Certified Risk Management Professional (RIMS-CRMP) The Strategic and Enterprise Risk Center RIMS-CRO Certificate in Advanced Enterprise Risk Management — Featuring Instructor James Lam! Next bi-weekly course begins Oct 9. RIMS Diversity Equity Inclusion Council RISK PAC | RIMS Advocacy | RIMS Legislative Summit SAVE THE DATE — March 18‒19, 2026 RIMS Risk Management magazine | Contribute RIMS Now RIMS Webinars: RIMS.org/Webinars “Driving Better Incident and Claims Management with Data, Technology & Strategic Collaboration” | Sept. 18 | Sponsored by Origami Risk “Natural Hazards: A Data-Driven Guide to Improving Resilience and Risk Financing Outcomes” | Oct. 9 | Sponsored by Global Risk Consultants “Jury Dynamics: How Juries Shape Today's Legal Landscape” | Oct. 16, 2025 | Sponsored by Zurich “Parametric Insurance: Providing Financial Certainty in Uncertain Times” | Oct. 30, 2025 | Sponsored by Swiss Re “Geopolitical Whiplash — Building Resilient Global Risk Programs in an Unstable World” | Nov. 6 | Sponsored by Hub Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP-FED Exam Prep Virtual Workshop — November 11‒12 Full RIMS-CRMP Prep Course Schedule “Intro to ERM for Senior Leaders” | Nov. 4‒5 | Instructor: Elise Farnham See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops Related RIMScast Episodes: “On Resilience with Amanda Lindhout, RIMS Canada 2025 Closing Keynote” “Thoughts and IDEAs on Inclusivity with Michael Bach” (RIMS Canada 2025 Keynote, recorded in 2024) “Live From Vancouver! with Maryam Salmasi, Fred H. Bossons Award Winner 2024” “Exploring Risk in Extreme Environments with Kevin Vallely” “Change Management and Strategy with Jay Kiew, RIMS Canada Conference 2024 Keynote” Sponsored RIMScast Episodes: “The New Reality of Risk Engineering: From Code Compliance to Resilience” | Sponsored by AXA XL (New!) “Change Management: AI's Role in Loss Control and Property Insurance” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Demystifying Multinational Fronting Insurance Programs” | Sponsored by Zurich “Understanding Third-Party Litigation Funding” | Sponsored by Zurich “What Risk Managers Can Learn From School Shootings” | Sponsored by Merrill Herzog “Simplifying the Challenges of OSHA Recordkeeping” | Sponsored by Medcor “Risk Management in a Changing World: A Deep Dive into AXA's 2024 Future Risks Report” | Sponsored by AXA XL “How Insurance Builds Resilience Against An Active Assailant Attack” | Sponsored by Merrill Herzog “Third-Party and Cyber Risk Management Tips” | Sponsored by Alliant “RMIS Innovation with Archer” | Sponsored by Archer “Navigating Commercial Property Risks with Captives” | Sponsored by Zurich “Breaking Down Silos: AXA XL's New Approach to Casualty Insurance” | Sponsored by AXA XL “Weathering Today's Property Claims Management Challenges” | Sponsored by AXA XL “Storm Prep 2024: The Growing Impact of Convective Storms and Hail” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Partnering Against Cyberrisk” | Sponsored by AXA XL “Harnessing the Power of Data and Analytics for Effective Risk Management” | Sponsored by Marsh “Accident Prevention — The Winning Formula For Construction and Insurance” | Sponsored by Otoos “Platinum Protection: Underwriting and Risk Engineering's Role in Protecting Commercial Properties” | Sponsored by AXA XL “Elevating RMIS — The Archer Way” | Sponsored by Archer RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS President Kristen Peed! RIMS Events, Education, and Services: RIMS Risk Maturity Model® Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information. Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts. Have a question or suggestion? Email: Content@rims.org. Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn. About our guest: Manjit K. Minhas, Co-founder and CEO at Minhas Brewery, Distillery, and Winery Calgary-born entrepreneur, engineer, and venture capitalist Production and engineering provided by Podfly.
Do PE Companies Trade Innovation for Margins?Private equity firms love to talk about operational excellence… but when “efficiency” comes at the cost of innovation, are they mortgaging tomorrow for today's margins?In this episode I break down why 25% operating margins became the magic number in software, how PE-backed businesses chase the Rule of 50, and what happens when cutting R&D tips companies into the “Innovation Death Spiral.”Today's podcast is brought to you by Campfire.You may know that we use Campfire as our ERP, and it's been a game changer for our finance workflow. The interface is intuitive, migration was quick and painless, and it's freed us up to focus on strategic work instead of manual processes. In case you don't know, Campfire is an AI-first ERP powering next-gen finance & accounting teams. Helps you close fast, unlock insights and scale smarter.If you're curious about where finance tech is heading, and would like to hear more of my thoughts on the topic, don't miss Campfire's Finance Forward AI Summit - the upcoming summit bringing together the sharpest minds in finance and operations.You'll hear directly from industry leaders on how they're using AI to shape the future of finance, and how your team can get ahead of the curve. I'll be speaking on panels with finance leaders from Anthropic, Snowflake, Mercury and more. The summit is October 28th in San Francisco; I hope to see you there.Sign up for the summit at campfiresummit.ai or learn more about Campfire at www.campfire.ai. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.mostlymetrics.com
In our latest Electronic Specifier Insights podcast, Managing Editor Paige West speaks with Matthew Hasty, Senior Global Product Manager at FLIR, all about the infrared starter kit for university and commercial R&D.
MBRYONICS, a Galway-based leader in photonic satellite optical communication networks, has opened its new Photon-1 volume manufacturing facility in Dangan and announced the creation of 125 new jobs over the next two years in Galway. MBRYONICS currently has a headcount of 100 employees, and these new roles will be in the areas of production, engineering, sales, and marketing support. This represents a major step forward in its mission to deliver the "internet in space" and strengthen Ireland's role in the global space economy. Founded in 2014, MBRYONICS has built a reputation for pushing the boundaries of satellite optical and photonic transport systems, working with clients in the public and private sectors. The Photon-1 launch builds on more than a decade of collaboration between MBRYONICS, the European Space Agency (ESA), and Ireland's ESA Delegation. This sustained partnership has been instrumental at every stage of the company's journey - from early research and technology funding development to scaling internationally - culminating in the company's creation of the first volume manufacturing facility for advanced satellite optical communications technologies in Galway. Minister for Enterprise, Tourism and Employment, Peter Burke TD, said: "MBRYONICS' Photon-1 facility is a landmark for Ireland's space sector and a direct outcome of more than a decade of close collaboration between the company, the European Space Agency (ESA) and Ireland's ESA Delegation. This is another great example of how partnering with ESA has enabled the development of world-leading technology here in Ireland that is now ready for large-scale production and global deployment. It demonstrates how Ireland's membership of ESA not only drives innovation but also creates high-value jobs, boosts exports, and positions our country at the forefront of the fast-growing global space economy. We look forward to continuing these important partnerships between industry in Ireland and ESA." The Photon-1 New Product Introduction facility integrates design, manufacturing, and testing capabilities under one roof, enabling the rapid and scalable deployment of advanced optical communication terminals for satellite constellations. It marks the company's transition from breakthrough R&D to large-scale production, with future expansion planned in the western region and internationally to serve major programmes including the EU's IRIS constellation as well as their international public and private customers. Photon-1 manufacturing facility, located in Dangan Galway will manufacture MBRYONICS's flagship optical communications terminal product StarCom, with initial capacity for 500 units a year. John Mackey, CEO of MBRYONICS, said: "We are proud to open Photon-1, the first of our volume production facilities, right here on the Wild Atlantic Space Coast in Galway. As a Galwegian, it is especially meaningful to see our home city become a hub for cutting-edge space technology. We are deeply grateful to Minister Burke, Enterprise Ireland, and the Irish Delegation to ESA for joining us on this landmark day, and to our dedicated team, investors, and customers whose commitment made this possible. Photon-1 is not just a commercial milestone for Mbryonics - it is a symbol of Ireland's 50-year journey with ESA and our nation's growing role in the trillion-Euro global space economy. Mbryonics is strategically positioned to supply the technologies, infrastructure, operations, and talent that will power this new space era. For us, Photon-1 is just the beginning - the launch pad for what comes next as we look forward to continuing to grow and scale, with our photon-2 site already secured in Shannon for high volume manufacturing with a capacity for production of more than 5,000 units a year." Kevin Sherry, Executive Director, Enterprise Ireland, said: "MBRYONICS' success is built on more than a decade of innovation and sustained collaboration with the European Space Agency and Ireland's ...
Dr. Susan Hubbard is Deputy Director for Science and Technology at Oak Ridge National Laboratory, the largest of the U.S. Department of Energy's multi-program science and energy labs. With more than 7,000 scientists and engineers, Oak Ridge is advancing innovation across nuclear energy, grid resilience, AI, quantum computing, isotopes, and advanced manufacturing. In this episode, Susan shares how the national labs' mission has evolved since the Manhattan Project, how companies and startups engage with Oak Ridge through user facilities and partnerships, and what role the labs will play in shaping the future of energy and technology amid today's geopolitical and industrial shifts.Episode recorded Aug 18, 2025 (Published Sept 2, 2025) In this episode, we cover: [03:03] Dr. Hubbard's early career and hydrogeophysics[05:31] Permafrost thaw and climate feedback loops in the Arctic[07:11] Methane release challenges and Earth system complexity[09:00] Transition from geophysicist to ORNL leadership[12:17] ORNL's user facilities, including Frontier supercomputer[13:56] Isotopes for medicine, security, and Mars exploration[15:45] Neutron scattering and world-leading materials research[17:25] Large-scale 3D additive manufacturing for energy[19:25] How DOE priorities shape research directions[22:04] Public-private partnerships in nuclear and fusion[26:54] ORNL's role in ITER and advanced fusion materials[30:51] Local enthusiasm for nuclear in Tennessee[31:54] Building the future grid: reliability, cybersecurity, AI[33:17] High-performance computing simulations of energy systems[37:23] Quantum computing, AI, and labs of the future[43:41] How startups engage with ORNL (CRADA, Innovation Crossroads)[48:02] U.S. R&D evolution: Manhattan Project to today Enjoyed this episode? Please leave us a review! Share feedback or suggest future topics and guests at info@mcj.vc.Connect with MCJ:Cody Simms on LinkedInVisit mcj.vcSubscribe to the MCJ Newsletter*Editing and post-production work for this episode was provided by The Podcast Consultant
You can sign the letter here. The Trump administration has been retaliating against its critics, and people and groups with business before the administration have started laundering criticism through other sources with less need for goodwill. So I have been asked to share an open letter, which needs signatures from scientists, doctors, and healthcare professionals. The authors tell me (THIS IS NOT THE CONTENTS OF THE LETTER, IT'S THEIR EXPLANATION, TO ME, OF WHAT THE LETTER IS FOR): The NIH has spent at least $5 billion less of that money than Congress has appropriated to them, which is bad because medical research is good and we want more of it. In May, NIH Director Jay Bhattacharya told a room full of people that he would spend all the money by the end of the fiscal year. That is good news, because any money not spent by that point will disappear. The bad news is the fiscal year ends on September 30th and according to the American Association of Medical Colleges, “the true shortfall far exceeds $5 billion.” Our open letter requests that Dr. Bhattacharya do what he said he would and spend all the money by September 30th. We as the originators of the letter do not want to be named publicly because we are concerned about being the focal point for blame and retaliation. We would rather be members of a large crowd of signatories than be singled out as individuals to make an example of. Based on our understanding of current administration norms, we do not expect retaliation against private individuals who sign this letter. We are looking for signatures from scientists, doctors, and healthcare professionals. So if that is you, please sign here. If you want to help support the letter more broadly, email nihfundingletter@gmail.com. Our stretch goal is to have a thousand people sign the letter within the next two weeks. To hammer home (since many people failed to understand it) that this is not the contents of the letter, I am including the actual contents below: We, the undersigned scientists, doctors, and public health stakeholders, commend your commitment to spend all funds allocated to the NIH, as reported in The Washington Post. At the same time, we are concerned by reports that U.S. institutions received nearly $5 billion less in NIH awards over the past year. With less than one month to the end of the fiscal year, we submit this urgent request to ensure that your commitment is upheld. If you anticipate that all appropriated funds cannot be spent in time, we request a public disclosure of the barriers preventing the achievement of this crucial responsibility. We present this request in the spirit of the broad, bipartisan consensus in favor of spending appropriated NIH funds. In their July letter to the Office of Management and Budget, fourteen Republican senators, led by Senators Collins, Britt, and McConnell, forcefully argued that suspension of NIH funds “could threaten Americans' ability to access better treatments and limit our nation's leadership in biomedical science.” The case for investment in medical research transcends political divides as it serves our collective national interest. The return on investment from research is compelling. Synthesizing the empirical literature, economist Matt Clancy estimates that each public and private R&D dollar yields roughly $5.50 in GDP—and about $11 when broader benefits are counted. Every dollar of NIH funding not deployed represents lost opportunities for breakthrough treatments, missed chances to train the next generation of scientists, and diminished returns on America's innovation ecosystem. Spending these funds is also a competitiveness imperative as China attempts to transform itself from a low-end manufacturer to a high-tech research and innovation juggernaut. In 2024, the Chinese government increased its spending on science and technology by 10%, and the nation's total expenditure on research and development increased by 50% in nominal terms between 2020 and 2024. As China's number of clinical trials and new drug candidates begin to outpace the U.S., America cannot afford to allow biomedical research funding to go unspent. We respectfully ask that you ensure that NIH will obligate all FY25 funds by September 30, 2025, and, if that is not possible, that you address the scientific community to explain why and what must be done to ensure all appropriated funds are spent in FY26. We stand ready to support your efforts to preserve this vital national investment. https://readscottalexander.com/posts/acx-open-letter-to-the-nih
In this episode of the Pipeliners Podcast, we revisit our conversation with Clint Bodungen of ThreatGEN. The discussion focuses on the application of gamification and generative AI in professional training, specifically for enhancing cybersecurity and incident response exercises. The episode also explores a PHMSA-sponsored R&D project that is adapting these advanced technologies for the unique operational needs of the pipeline industry, highlighting the development of AI-driven, multiplayer training environments. Visit PipelinePodcastNetwork.com for a full episode transcript, as well as detailed show notes with relevant links and insider term definitions.
Sharon is joined by technology and tax specialist, Kenner French to share strategies for businesses owners and tax payers to improve their financial outcomes through innovate opportunities and recent changes to tax law. He speaks with Sharon about the timing of your tax planning, R&D tax credits, quantum computing and what everyone using technology and AI needs to know. Learn more about Kenner French at rkennerfrench.com
When VMware Cloud Foundation 9.0 launched in June, it marked more than just another release. It was the clearest signal yet that Broadcom is betting big on the modern private cloud. In this episode of Tech Talks Daily, I sat down with Prashanth Shenoy, who leads marketing and learning for the VCF division at Broadcom, to discuss what the launch means for enterprises and how those themes are playing out live at VMware Explore in Las Vegas. Prashanth shares how VCF 9.0 was designed to help enterprises operate private clouds with the same simplicity and scale as public hyperscalers, while keeping sovereignty, security, and cost predictability front and center. He explains why this release is more than an infrastructure update. It's a shift toward a workload-agnostic, developer-centric platform where virtual machines, containers, and AI workloads can run side by side with a consistent operational experience. We also unpack Broadcom's headline announcements at the show. From making VCF an AI-native platform to embedding private AI services directly into the foundation, the message is clear: the AI pilots of the past are moving into production, and Broadcom wants VCF to be the default home for enterprise AI. Another major theme is cyber compliance at scale, with VCF now offering continuous enforcement, rapid ransomware recovery, and advanced security services that address today's board-level concerns. But perhaps the biggest takeaway is the momentum. Nine of the top ten Fortune companies are now running on VCF, more than 100 million cores have been licensed, and dozens of enterprises—from global giants to mid-sized insurers—are on stage at VMware Explore sharing their adoption stories. The so-called “cloud reset” that Prashanth has written about is not just theory. Companies are rethinking their cloud strategies, seeking cost transparency, avoiding waste, and building resilient, AI-ready private clouds. This conversation highlights how Broadcom is doubling down on VCF with a singular focus, a massive R&D commitment, and a clear vision of where private cloud is headed. If you want to understand why private AI, developer services, and cyber resilience are now central to enterprise strategy, this is a conversation worth hearing.
About the Guest(s)Nis Benn is the co-founder of Hyme Energy, a Copenhagen-based company pioneering solutions to decarbonise industrial heat at scale. With a background spanning sociology, consulting, political organising, and deep-tech startups, Nis has consistently chased high-leverage, system-level climate solutions — from nuclear innovation to Hyme's molten-salt heat storage.Episode SummaryIn this episode of Shape the System, host Vincent Turner speaks with Nis Benn of Hyme Energy about one of the world's biggest yet overlooked climate challenges: industrial heat. While most clean-energy discussions focus on electricity, heat accounts for roughly a third of global emissions — largely produced by directly burning coal, oil, or gas for steam and high-temperature processes.Nis traces his path from climate-centred politics and nuclear R&D to Hyme, where the team is commercialising molten-salt thermal storage. Hyme uses renewable electricity to heat a specialised hydroxide salt to ~520°C, storing energy as heat and dispatching it as steam — the medium many factories already use. That retrofit-friendly approach lets manufacturers decarbonise without ripping out existing systems.Beyond emissions, the economics matter: industry spends trillions annually on fossil energy for heat. Hyme's model pairs lower, more predictable energy costs with reliability and innovative commercial structures (e.g., heat offtake agreements in partnership with asset managers), allowing customers to “buy heat” as a service. On the engineering front, Hyme's corrosion breakthroughs enable long lifetimes using standard stainless steels in most of the system — a key step to bankability and scale. Hyme is targeting first commercial plants from 2026 and meaningful scale by 2030.Key TakeawaysIndustrial heat is massive: About one-third of global emissions come from process heat, much of it from direct fossil combustion.Store power as heat: Hyme heats molten hydroxide salts with renewables, then delivers on-demand steam for existing processes.Minimal retrofit: Because many factories already run on steam, Hyme can slot in with limited disruption.Compelling economics: Rising energy and CO₂ costs + access to cheap renewables = strong business cases and multi-market optimisation.Path to scale: First FID-ready projects in 2026, scaling via partnerships/licensing toward hundreds of plants through the 2030s.Notable Quotes“Around 30% of global emissions come from industrial heat — it's the single biggest emissions sector.” — Nis Benn“If you already use steam, Hyme can just produce it another way.” — Nis Benn“Reliability is what industrial players care about most — our job is to deliver that with renewables.” — Nis Benn“You can ‘buy heat' as an outcome — not worry about the kit behind it.” — Vincent TurnerResourcesHyme Energy: https://hyme.energyBackground reading on industrial heat, thermal storage, and energy marketsShape the System is an independent podcast with support from KPMG High Growth VenturesMore about KPMG High Growth VenturesScale up for success. We're here for that.We navigate founders and their teams to the services they need to reach their next milestone. From startup to scale and beyond. No matter where you are right now, we'll get you the help you need to drive your business forward. We help founders fully realise their potential, as well as the potential of their team and their business, by connecting them to the expertise, skills and resources they need at every stage of their growth journey.Our extensive experience in partnering with evolving businesses means that we can provide you with tailored support as well as independent and practical insights. Whether you are looking to refine your strategy, establish your operations, prepare for a capital raise, expand abroad or simply comply with regulatory requirements, we are here to help.Links:Website: About (highgrowthventures.com.au)LinkedIn: https://www.linkedin.com/showcase/kpmg-enterprise-high-growth-ventures/Contacts: highgrowthventures@kpmg.com.au
Ginger Dhaliwal is Co-founder and Chief Product Officer of Upflex. A long-time tech entrepreneur and investor, she shares her human-first orientation which drives her passion for solving systemic challenges using technology and data—from micropayments to elder healthcare to flexible workspaces. Ginger discusses how intentional design, empathy, and sustainability are essential for building data-driven ecosystems that support a diverse, distributed workforce. She highlights behavioral indicators for shaping future-ready on-demand and long-term work environments, emphasizing collaboration and relationships. KEY TAKEAWAYS [00:29] Ginger studies social work and first focuses on understanding people and reskilling immigrants. [01:40] Ginger's travel takes her to Malaysia where she joins a tech startup as the Internet takes off. [02:35] At a government-supported R&D lab, Ginger builds a venture studio model. [03:20] They attract international talent to spin off multiple startups solving real-world problems. [04:05] One early product enables micropayments using mobile phone billing instead of credit cards. [05:12] Learning to persuade large corporations to adopt emerging innovations and enter new markets. [06:10] A healthcare venture connects remote patients in S.E. Asia to providers through internet cafés. [06:48] Healthcare tech is adapted for the U.S. to support elders aging in place with sensor systems. [07:50] Adoption fails to take off due to lack of interest from medical professionals in holistic data. [08:40] Ginger gets disheartened, entrenched in the elder care community, and feels burned out. [09:30] Considering identity, AI's impact, and future career direction. [10:45] Personal remote work experience and coworking exposure lead to co-founding Upflex. [11:50] Ginger sees coworking catalysing innovation with people from diverse industries co-located. [13:10] Upflex becomes a platform to aggregate access to coworking spaces globally. [14:40] Early clients like Nokia highlight retention, recruitment, and cost control needs. [15:20] Real estate lacks actionable data, pushing Upflex to build a decision-support layer for companies. [16:25] Ginger champions flexibility as a strategic asset for talent engagement, not a perk. [17:35] COVID causes companies to confront data about remote work and location preferences. [18:40] Upflex helps firms explore questions around hybrid work behavior using their data tools. [19:25] Focus on location can mask deeper control and change adaptation issues in hybrid transitions. [20:45] Data shows employees' behavior is consistent across corporate offices and on-demand coworking spaces. [22:25] The global shift from individual desks to more collaborative meeting spaces. [23:38] Most day passes are booked same day, while meeting rooms are booked days in advance. [25:55] Coworking supports relationship-building and community connection as well as collaboration. [27:30] Companies are repurposing coworking memberships for team days, pods, and local clusters. [29:40] Upflex advises clients to view coworking as workplace strategy infrastructure. [31:25] Businesses experiment with timeshare-type space arrangements to balance cost and access. [33:10] Exploring partnerships with landlords to offer on-demand overflow capacity. [34:50] AI is being integrated to optimize seat allocation and dynamic workplace management. [36:15] Comparing Upflex's model to AWS—scalable space usage tailored to demand and cost savings. [37:25] Ginger emphasizes redirecting real estate savings to reskilling as rapid tech changes cause workforce disruption. [39:15] Identity loss from desk removals prompt incremental workspace changes. [41:00] IMMEDIATE ACTION TIP: To problem solve right now, there's no playbook, it's iterative. Come up with questions to test. Start small. Figure out a solution. Get buy in. Gather data for feedback to refine and grow. RESOURCES Ginger Dhaliwal on LinkedIn Upflex website QUOTES “I don't need to know the answers to things as long as I'm constantly thinking about solving these problems for people.” “Coworking as a model for innovation and ideation is a wonderful thing and it's in your backyard. It's a block away from your, where you live.” “How do we create a more sustainable lifestyle for people looking at the data. People losing 15 days of their lives commuting just didn't make any sense to us.” “We can create that data layer so that people can actually make decisions based on data and understanding those preferences and how people are using space.” “A lot of office space today is designed for productivity and it's shifting to collaboration. Coworking spaces are designed for that too, but also relationships. I think the evolution is we are all going to be craving relationships. It's not the collaboration that you're going for. You're going for the relationships.” “We're working with landlords to figure out how you can create those overflow spaces and, from a corporate standpoint, be able to not build for the peak, but build for the average and then have the resources, the unlocking of the network, to handle the overflow.”
Joe Lang, Vice President of Service Technology and Innovation at Comfort Systems USA, joins the AI in Business podcast to discuss why a clear data strategy must come before investing in storage infrastructure for AI adoption. Joe outlines the risks of assuming that cloud providers or storage solutions alone will produce reliable intelligence, and why organizations should approach AI initiatives as iterative R&D projects rather than instant ROI efforts. He shares practical guidance on right-sizing storage to business goals, addressing the skilled trade gap through scalable systems, and the advantages of a cloud-first approach with sequestered, trusted data. Want to share your AI adoption story with executive peers? Click emerj.com/expert2 for more information and to be a potential future guest on the ‘AI in Business' podcast! This episode is sponsored by Pure Storage. Learn how brands work with Emerj and other Emerj Media options at emerj.com/ad1.
Are you leaving money on the table with the new tax bill?In this follow-up episode, Barbara digs into the advanced strategies and lesser-known updates hiding inside the One Big, Beautiful Tax Bill. If you haven't listened to Part 1 yet, go back for the foundational updates—this episode builds on that and takes you under the hood of the bill to uncover the biggest opportunities for business owners and real estate investors.Whether you're a business owner swiping your card for big-ticket purchases, a real estate investor running the numbers on a property, or an entrepreneur wondering if you qualify for R&D credits, this episode is packed with insights you don't want to miss.Tune in to hear:Why bonus depreciation is returning to 100%—and what that means for your purchases in 2025How cost segregation studies can turn an $18K deduction into $150KThe industries that almost always qualify for R&D credits (hint: it's not just tech)How fringe benefits got an upgrade—including tuition and student loan paymentsWhy wellness reimbursements are one of the most underutilized tax perks for business ownersThe surprising new deduction for car loan interest—and why Barbara isn't a fanUpdates to 529 plans and what it means for K–12 education expensesWhat to know about the new “Trump Accounts” for kids and how they may workJoin the Write Off Your Life Masterclass: https://taxedacademy.com/woyl-mcHow To Get Involved:Life-Changing Money is a podcast all about money. We share stories of how money has impacted and radically changed the lives of others—and how it can do the same for you.Your host, Barbara Schreihans (pronounced ShREE-hands) is the founder and CEO of Your Tax Coach, and the creator of the Write Off Your Life Course. She is a top tax strategist, business coach, and expert in helping business owners and high-net-worth individuals save millions in taxes while increasing profits.When she's not leading her team, coaching clients, or dreaming up new goals for her company, you can find her drinking coffee, hanging out with her family, and traveling the world.Grab a cup of coffee and become inspired as we hear from those who have overcome and are overcoming their self-limiting beliefs and money mindsets!Do you have a burning question that you'd love to hear answered on a future show?Please email it to: podcast@yourtaxcoach.bizSign Up For Our NewsletterLife Changing Money PodcastGet Tax Help!
This week, I sat down with Naftali “Naf” Jaman, a man whose career has stretched from engineering roles in the U.S. Air Force to leading open innovation programs for global giants like GM, Airbus, and LG Electronics. Along the way, he has helped launch startups in automotive safety, advised aviation and space ventures, and worked at the crossroads of academia, government, and industry. Our conversation centered on what Naf calls the inception method. It is the ability to plant an idea in someone else's mind and let them believe it is their own. The process demands patience, empathy, and a willingness to let go of credit in order to see the idea thrive. Naf described how he built trust inside LG by taking executives out of the office, talking less about technology and more about culture and daily life, until he could gently introduce a concept that eventually reshaped their approach to in-car infotainment systems. What struck me most was his insistence that real influence begins not with clever pitches but with listening and creating the conditions for others to feel ownership of a solution. We explored the challenges large corporations face when they attempt to work with startups, often overwhelming them with bureaucracy or diluting their energy through misguided “startup challenges” that serve more as PR exercises than true collaborations. Naf's preference is always to work one on one, helping a single leader take action on a problem they urgently need to solve, and quietly guiding them until the idea becomes theirs to champion. He also spoke about the role academia can play in solving early-stage R&D puzzles, highlighting his time at General Motors, where university researchers provided critical pieces of the hydrogen fuel cell puzzle long before commercialization was possible. Perhaps most provocatively, Naf shared his skepticism about dual-use technologies, which many in the innovation community hail as a promising path between defense and civilian markets. He argued that export controls and the slow timelines of defense procurement often strangle opportunities before they mature, making dual use more of a limitation than a catalyst. His candor about these challenges was refreshing, and a reminder that innovation is as much about what we choose not to pursue as what we chase. By the end of our conversation, I was reminded that the real work of innovation often happens quietly, in the spaces between people. It is about empathy, patience, and sometimes even a touch of psychological sleight of hand. As Naf put it, the greatest innovation of all is the human mind itself, provided we learn how to use it well.
The video version is available here. TakeawaysRick Brindle emphasizes the importance of customer service learned from his early retail days.The transition from retail to CPG requires understanding both sides of the business.R&D in CPG is about anticipating consumer needs, not just product development.On-shelf availability is crucial for maintaining customer loyalty.Social media has transformed consumer-brand relationships, allowing for direct interaction.Personalization in shopping experiences is more valuable than gamification.The future of grocery shopping is influenced by technology and consumer preferences.Online grocery shopping is growing, but challenges remain in product quality.The retail industry offers diverse career paths beyond traditional roles.Building relationships in retail is key to success and collaboration. Chapters 00:00 The Journey Begins: From Retail to CPG08:56 Navigating the CPG Landscape: Insights from P&G to Nabisco16:10 R&D and Packaging: The Art and Science of Consumer Products24:25 The Future of Retail: Technology, Media, and Consumer Relationships29:13 The Evolution of Brand Loyalty31:42 Consumer Behavior in Grocery Shopping35:28 Personalization vs. Gamification in Retail38:09 The Future of Online Grocery Shopping42:02 The Complexity of Grocery Retail45:16 Innovations in Product Development49:07 The Role of Food Safety and Health52:39 Advice for Future Retail Professionals
Are you the bottleneck in your own business? Many entrepreneurs wear every hat—CEO, sales, R&D, even accounts receivable—yet still feel stuck. Cary Prejean, founder of Strategic Business Advisors and author of three books, has spent 40 years helping business owners shift from operator to visionary leader. In this episode, we explore why entrepreneurs don't need to become great managers—and why trying to do so can hold them back. Instead, Cary shows how to build processes that keep the business running without you, freeing you to focus on vision, growth, and impact. We break down the opposite skill sets of entrepreneurs and managers—why one thrives on vision, speed, and risk, while the other thrives on stability, patience, and process. Cary explains how to use the language of leadership to engage your team, enroll them in your mission, and empower them to take ownership. It's about letting go without losing control, and creating repeatable, scalable systems that make you irrelevant to daily operations—in the best possible way. Cary shares practical ways to get the attention of distracted, fast-moving entrepreneurs, starting with the right questions. He reveals how to uncover hidden bottlenecks, fix chronic operational headaches, and stop training your team to rely on you for every decision. We also discuss the parallels between leading people and prompting AI—clear direction, desired outcomes, and the freedom to innovate. From his roots in accounting to his evolution as a leadership advisor, Cary's journey offers a blueprint for sustainable growth. We talk about his upcoming books—one on common business-killing mistakes, and another on the lost art of relating—and how improving communication can transform not only your business but your relationships. If your business can't run without you for more than a day, this conversation could be your turning point. Three Key Takeaways: • Entrepreneurs shouldn't try to become great managers — The skill sets are fundamentally different. Instead of forcing yourself into a management mold, focus on evolving into a visionary leader who sets direction, inspires others, and empowers the team to execute. • Build processes that run the business without you — Repeatable, scalable systems free you from daily firefighting. When your team owns the process and delivers consistent results, you can step away from the weeds and focus on growth and innovation. • Empower and engage your team through clear vision and communication — Enroll employees in your mission, give them ownership of solutions, and resist micromanaging. Leadership is about prompting for outcomes, not dictating every step—just like using AI effectively. If Cary's episode got you thinking about how to stop being the bottleneck in your own business, Jonathan Raveh's conversation is your perfect next step. Both episodes tackle the same core challenge—how to move from doing it all yourself to building systems and empowering others. Cary shows you how to evolve from operator to visionary leader, while Jonathan dives deep into scaling thought leadership so your ideas can live and grow beyond you. Listen to Jonathan's episode to see how you can turn your vision into a shared organizational capability, equip your team to contribute their voices, and create thought leadership that scales—without burning you out. Pair these two episodes and you'll have a roadmap for scaling both your business and your ideas.
In this episode of the Moore's Lobby podcast, we sit down with Antonio Di Vaira, Senior VP for Power Product of Schneider Electric to discuss the massive shifts happening in the world of energy distribution. The conversation kicks off by exploring how the explosive growth of electric vehicles and energy-hungry technologies like AI are pushing traditional power grids to their breaking point. He also explains that while building out new grid capacity is part of the long-term solution, the industry needs ways to sustain this growth in the short term. This sets the stage for a deep dive into microgrids. Di Vaira breaks down how intelligent software is needed to manage the complex orchestration between sources and loads. The discussion also explores the exciting potential of native DC (direct current) power distribution. As more sources (like solar panels) and loads (like EVs and data centers) are native to DC, creating dedicated DC microgrids can offer significant gains in efficiency and simplicity. The episode concludes with a look at the future of the industry. Di Vaira emphasizes the need for engineers to adopt a multidisciplinary mindset and the critical importance of staying customer-centric to drive true innovation. Meet Antonio Di Vaira Antonio Di Vaira is the Senior VP for Power Products in North America, Mexico, and Central America at Schneider Electric. He oversees strategy, R&D, market development, and go-to-market for the ANSI, NEMA, and LV portfolio, including Services. He previously spent over 20 years at ABB in global and local leadership roles across R&D, product management, M&A, and supply chain. Antonio holds a master's in computer engineering from the University of Pavia.
In a business climate shaped by rapid technological disruption, shifting geopolitical landscapes, and evolving customer expectations, strategy cannot remain static. JD Carter, Chief Strategy Officer at Vasion, believes the key to success lies in constantly aligning vision with execution while adapting to market realities in real time. In this conversation, JD shares how his role involves continuously monitoring external signals such as technology shifts, regulatory changes, and economic pressures, then translating those insights into operational action. We explore his approach to looking beyond the company vision by breaking it down into achievable missions that link long-term goals with day-to-day work across cross-functional teams. A major focus of the discussion is AI readiness and how organisations can move beyond hype to real impact. JD outlines a five-stage process for becoming AI-ready, starting with digitising and centralising documents and data, followed by cleaning and structuring information for use with large language models. He explains how automating repetitive workflows, modernising infrastructure, and ensuring interoperability across systems such as ERP and HR platforms create the foundation for orchestrated automation at scale. Governance and access controls complete the picture, ensuring that AI deployment meets both internal and regulatory standards. We also look at how Vasion balances short-term market needs with a long-term platform vision. JD describes how leveraging the company's market-leading print infrastructure products supports current growth, while investing in R&D drives the development of a multi-product SaaS platform designed to integrate AI across the enterprise. A customer-first mindset shapes every decision, from pricing to product development, with continuous engagement through advisory boards, surveys, and direct conversations ensuring that partner strategies align with customer priorities. To illustrate these principles in action, JD shares how Vasion responded to market demand for system-generated print job support by developing a SaaS-based output automation product. This pivot addressed a gap created by ERP and EMR vendors moving customers to the cloud and positioned Vasion at the start of its multi-product journey. We discuss the signals leaders should watch to keep strategy relevant, including shifts in customer behaviour, the pace of technology adoption, and internal friction that may indicate misalignment. JD likens strategy to a GPS system, with vision as the destination and constant recalibration required to navigate roadblocks and changing conditions. The conversation closes with a focus on embedding strategic agility into company culture. JD explains Vasion's Missions of Aspirational Performance system, which connects corporate values directly to execution by breaking down strategic goals into work that individuals can see contributing to the bigger picture. He also shares his personal three-pronged approach to continuous learning, combining formal education, informal learning, and mentor-driven guidance. This episode offers practical insight for leaders navigating uncertainty, balancing present-day demands with future opportunity, and embedding adaptability into the DNA of their organisations.
Bryan Murphy, CEO of Smartling, confronts a $40 billion industry stuck in the slow lane, the world of translation. Most companies still handle translations like it's 1999: manual, expensive, and painfully slow. Bryan saw AI as the game changer that could rewrite the rules, but integrating it wasn't a walk in the park. He shares how Smartling harnessed AI to not just cut costs and speed up translation but to finally boost quality close to human-level precision without losing control over brand voice or nuance. Yet, making this leap meant upheaval: reorganizing teams, hiring AI experts, and establishing ruthless R&D discipline to separate winning ideas from distractions. Thanks for tuning in! New episodes of Topline drop every Sunday and Thursday. Don't miss GTM2025 — the only B2B tech conference exclusively for GTM executives. Elevate your 2026 strategy and join us from September 23 to 25 in Washington, D.C. Use code TOPLINE for 10% off your GA ticket. Stay ahead with the latest industry developments and emerging go-to-market trends with Topline Newsletter by Asad Zaman. Subscribe today. Tune in to The Revenue Leadership Podcast every Wednesday, where host Kyle Norton talks with real revenue operators and dives deep into what it takes to succeed as a modern revenue leader. You're invited! Join the free Topline Slack channel to connect with 600+ revenue leaders, share insights, and keep the conversation going beyond the podcast! Key chapters: (00:00) - Introduction to Bryan Murphy and Defining the Translation Challenge (02:30) - The Hidden $40B Translation Market and Its Untapped Potential (04:00) - The Evolution of Translation Services: From Manual to AI-Driven Automation (06:00) - Early AI in Translation: Faster and Cheaper, But Not Yet Better (08:00) - Defining Quality: The MQM Standard and Bridging AI-Human Gaps (09:20) - Human-in-the-Loop AI: Boosting Translator Productivity Tenfold (10:30) - Full AI Translation Approaching Human Grade: The Game Changer (11:45) - The Future Mix: Human Expertise vs. Automated Scale in AI Translation (13:00) - Unlocking Market Expansion Through Improved SEO and Digital Footprint (15:00) - The Moment of Truth: Recognizing GPT's Impact and Rolling Out Rapid Innovation (16:30) - Founder's Speed: Breaking Plans and Aligning Teams for Urgent AI Adoption (18:00) - Overcoming Organizational Challenges: From Excitement to Structured Execution (20:00) - R&D Reimagined: Timeboxing Experiments With Clear Metrics to Avoid Spinning Wheels (22:00) - The Discipline of “Customer-First” in AI Development and Roadmapping (24:00) - Leadership Lessons: Listening Without Losing Vision Amidst Painful Change (26:00) - Winning Customer Trust: Betting On Proofs of Concept Against Skeptics (28:00) - Personal Insights: Favorite Leadership Books and the Role of Intellectual Curiosity (29:30) - Staying Sharp: Daily Reading and Customer Conversations as Strategic Tools (31:00) - Managing Stress and Longevity: The Art of Mental Compartmentalization for Founders (32:30) - Final Thoughts: The Unseen Power of Humility in Leadership and Continual Learning (33:00) - Wrap-up and Invitation to Follow Smartling's AI-Empowered Evolution
Derick Van Ness of Big Life Financial returns to the podcast to discuss with Kiera the new realities of the recently passed One Big Beautiful Bill — and how dentists can capitalize on the impacts. They discuss bonus depreciation, research and development credits, and more. Further, there's an opportunity for DAT listeners at biglifefinancial.com/DAT, where you can learn if you're overpaying on your taxes and what new opportunities exist. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript Kiera Dent (00:00) Hello, Dental A Team listeners. This is Kiera. And today I'm excited to welcome back a popular guest. He and I have chatted multiple times. We've gone around and around on different topics of how to help dentists build more wealth. So Derick, ⁓ with Big Life Financial, we talked about our research and development credits. Today we're going to be talking about this big, beautiful tax bill, how it's going to impact dentists, how it's going to impact building wealth. I do think it also impacts team members. So Derick, welcome back to the show. How are you today? Derick Van Ness (00:29) I'm great, Kiera. I really appreciate you bringing me on the show again. It's always fun to talk. Kiera Dent (00:34) Of course, we all know that I love wealth strategies. love ⁓ it takes time like you and I were talking about pre show. ⁓ I think it's something to educate ourselves on and to be around really smart people and to constantly be looking at different things like I know hot in the real estate world right now and with buying businesses and buying practices, the big beautiful tax bill is actually great for the bonus depreciation coming in. So just like educating ourselves and that's what I wanted today to be. not getting high into politics. These are bills that are into place ⁓ and how to take advantage of them, how to maximize them. Derick, you work with a ton of dentists. So Derick, for those who don't know, you kind of give a little bit background on how you and I even got connected, how you got into dentistry, ⁓ how does Big Life Financial play into this. We have a lot of mutual clients together. So just kind of give people a background on who you are and how you got to the dental space. Derick Van Ness (01:26) Absolutely, you know, I started out back in like 2010 2009 2010 helping small business owners with taxes and financial strategy I was working for another firm at the time and I had been a house flipper and if for those of you who remember 2008 wasn't so good if you're a house flipper, right and When that whole thing fell apart kind of fell in my head I took a lot of the skills that I had and a friend of mine hired me to help Kiera Dent (01:46) It is not. Derick Van Ness (01:55) small business owners with taxes and financial and business strategy. ⁓ Working with them, I had a chance to work with about 1,500 business owners over seven years. And then eventually went out and started doing my own thing because there were some different things that I wanted to do that they didn't offer. ⁓ essentially, in that time, I worked with a lot of dentists and a lot of doctors. ⁓ And so I kind of stayed in that arena, which led me to ⁓ meeting you, Kiera. through Mark over at DSI and all the stuff that I'd done with him and then found you guys and just love what you guys do with helping people to build their teams. Cause I'm such a huge advocate of how important that is to have the right team to run your practice, right? Especially if you're going to have multiple practices, it just can't be about you. And so it was just kind of a natural fit. And like you said, you, you definitely love financial strategies. So. We got into it, we talked about a bunch of different things, had a chance to work together. Like you said, have shared a lot of clients along the way, but it just seems like dentists have a lot of the problems that we solve, which is they pay a of taxes, they make good money, and most of them didn't get an MBA in college to understand how business and finances work. They've had to learn along the way. And so we see ourselves as part of that process of helping dentists become. better business owners, better entrepreneurs, and honestly create freedom in their life instead of just having a business that runs them, because it's easy to have that happen in dentistry. So that's sort of how we got connected. I don't know, over the last, since whatever 2008, 2009 was, last 15 plus years, I've probably worked with somewhere between 2,000 and 2,500 business owners. I would say a good chunk of those have been dentists. So that's how we ended up together. Kiera Dent (03:48) Yeah. I love the journey. love hearing what you've done. I also agree on like building wealth. And I think going through dental school, working at the dental college, dentists are coming out with, you know, upwards of 500, 600, 700, $800,000 in debt somewhere up towards that upper million. Midwestern was a very expensive school. looking at that and then watching offices and I remember the first dentist that I worked with and we were partners. We, called her 2.5 because we were 2.5 million debt. Derick Van Ness (04:03) Cheers. Kiera Dent (04:18) was like, you better straighten that spine 2.5. Like we need that spine for a long time. But it was something where I realized like, that's a substantial amount of debt. One to walk out of school with two you buy a practice on top of that and then you want to try and like even remotely live your own personal life. It just felt like the odds are possibly stacked not in a dentist favor. I've had several dentists where this is the case where they're multimillion in debt, trying to get these practices off the ground. And so really coming up with Derick Van Ness (04:43) Mm-hmm. Kiera Dent (04:47) like yes, long-term, if they make it, awesome. Hopefully it will pay off for them. But what are maybe some strategies and tips that they can do now? I think like so many of us look at real estate and wish that we would have gotten in at the 2008 because now you're selling them out or even in 2020. And so it's like, what can people do now, even if they didn't maximize or we didn't buy practices back in the day when they were so cheap, they were pennies on the dollar. What things can we do now to maximize? I was even talking to this girl the other day. And she's like, yeah, my baby was born on New Year's Eve. And I was like, wow, talk about a great tax write-off. And she's like, I didn't even know that that was a tax write-off. I didn't even know the benefits of things. And so I feel like just so many little pieces that could make us smarter business owners to, I'm here, I love living in the United States. I love paying taxes for the country that we get to live in. I love the opportunity that we have to be business owners. With that said, I also think it's smart for us to be very wise stewards over our money to figure out different strategies. And no, it's not sexy. No, it's not fun. A lot of it is just like save, like invest, do the things you're supposed to do. And it's going to be part of what is it? Like the eighth wonder of the world of compound interest. Like there are other pieces, but Derick, like, let's talk about this big, beautiful tax bill. How does this work? How does this impact business owners? What are some of the benefits we can take care of? Now we're talking in 2025, things will change and shift as the landscape shifts, but knowing that's in place, what are some of the things dentists owners can do now? to maximize that coming out. Derick Van Ness (06:18) Yeah, you bring up a good point, Kiera. You know, it's not that this stuff happens overnight, but it is, it's systemic, right? You're doing it day in and day out. And tax is one of those things, whether you like it or not, you have to file them every year. And I'm not going to lie to you, that's part of what I like about being in the tax world is people have to do it every year. It's a pretty good business model that way, right? Kiera Dent (06:30) Right. I was gonna say you've got the reoccurring opportunities because it has to happen every year just like dentists have profis every six months. I mean it's a great built-in business. mean kudos to you. I don't enjoy it but it is a necessary evil to be done. Derick Van Ness (06:52) I totally get that. If you would have told me you're going to work in taxes even 15 years ago when I first got into it, I would have said absolutely not not interested. But what I can tell you is every dollar you make in taxes is the same as a new dollar you make in your business. Right. But you don't have to have employees and risk and additional insurance and additional equipment and all this other stuff. So it really is pure profit when you can reduce your taxes. So even a small amount of tax strategy can go a very long way in increasing what you get in the bottom line, right? And if you could just take a lot of dentists across the country, they're in the 40 % tax bracket, maybe a little higher or lower depending on your state, but somewhere in that range, if you could even lower that by 10%, that's keeping an additional 10 % of your income. That's a lot of extra money for people to be able to save and put to work without having to go do more risk and... buy a bigger building and do a build out and deal with more personalities in the office because all of those things are variables, right? So I see it as a pure profit machine if you get it right. And so I've chosen to think it that way because I spend so much time in it, but it really does come down to just keeping a lot more of the money you make. And it's a very potent way to do it because honestly, with 10 to 15 hours a year, so think of that as like one hour a month. you can really add a lot to the bottom line of what you get to keep. In some cases, we can cut taxes almost in half for high, high income earners. So it's a pretty big deal. Kiera Dent (08:25) Well, and as you said that I think it's a big deal for today because yes to have that back to you is great. But like we talked about compounding, compounding until you've experienced compounding seems like not real. Just like I think when like you have bought your first house and it's like, how am I ever supposed to do this and make money on it until you bought your first practice? A lot of those things I think feel ⁓ arbitrary, they feel false. And then once you get into the compounding world and you're like, my gosh, like we're making money without having to do anything. It's like, yeah, I could save on my taxes in a legal, ethical way, have more money at the end of the year that I could then put towards this, like you said, make it work for me. Well, now that it's just duplicating, it's multiplying, it's replicating, those things to me are things I get excited about. Those are things that I look for, because I don't think there's a lot of money. I call it the money making machine. What things can we put into your money making machine to where it's working for you day in, day out without you having to do any extra work? I think all of us check yes, let's say yes to that. So Derick, let's talk about how we can create more of these money making machines, putting our money to work for us rather than constantly trying to chase the money dream to where at the end of our careers and even during our careers, we're living the lives that we wanted to get to when we first started out into these careers. Derick Van Ness (09:29) Yep. Yeah. And I can tell you guys this, if you only walk away with one thing, it's the idea if you want to build wealth, you need to create systematic savings, right? Systematize putting money aside, whether that's actually savings account or investing or however, but just getting money out of the spending cycle and into the building cycle. And it's like watching your child, right? Like in the beginning, kids grow and it's like day to day, you don't see it, but year to year, it starts to make a bigger and bigger and bigger difference. And then, you know, when they're teenagers, you're just like, what's happening, right? So it's the same kind of thing with your money. In the beginning, if you're just watching a day to day, you don't really see the growth. You have to trust the process, right? But the biggest thing you can do is put that on autopilot, because if you have to automatically go into your bank account every month and move money over or every year, move money over, it's much harder. And like writing, Kiera Dent (10:28) Mm-hmm. Derick Van Ness (10:42) 25, 50, 100, $200,000 checks feels hard. Setting aside 2,000, 3,000, 5,000, $10,000 a month, and then you cut that in half per pay period, and all of a sudden it gets a lot easier. It's like, oh yeah, $1,000 a pay period, not that big a deal. Much easier than writing a $25,000 check, right? Or two or $3,000 per pay period. It really does add up. And that's where the tax piece comes in is, in many cases, it's like found money. I try to teach our clients to... Kiera Dent (10:46) Mm-hmm. Derick Van Ness (11:11) save like you're going to pay full blast on taxes. And then when we do the tax strategy, all this money is left over. And so it feels like extra money, and then you can put it to work, right? And that's where you do get to play with some bigger chunks. ⁓ But really, it's that habit of automating, setting money aside. If you can just only take one thing from this, it's that. And taxes can create a huge amount of that for you along the way. So let's talk about the tax bill, right? Kiera Dent (11:24) Mm-hmm. Yeah, let's talk about it. And I just want to highlight on that, Derick, of I was talking to a CPA the other day on the podcast and he talked about how like there's a different psychology of business owners. ⁓ We go from getting a W-2 paycheck that we're used to being able to spend all of it because taxes have already been taken out to them becoming business owners and not having taxes automatically taken from that and needing to be super disciplined on saving. And so I agree with you. And when I realized like, I got so annoyed when I'm like, great, so now I never get a refund check ever again in taxes. I was like, no, actually it's actually so much better now than it ever was. Because if I just set it aside, I'm like, taxes are pretty simple. I guess there's some nuances to them, but it's pretty much like whatever tax bracket you are, take your profit at the end of the month, set that aside. And lo and behold, if you do the tax planning strategy, like you said, usually I'm ending up with a pretty good substantial chunk at the end of the year that I count as my like quote unquote, like the refund check or whatever. It's been so long since I've gotten one that I don't even know what it is. But it's awesome because then you have this huge lump of money because you've been saving it. You weren't expecting it. All your expenses in your life is taken care of to where now, like you said, it is really fun. Is that an investment? Is that buying something that I've always wanted to get? Is that real estate money? Because the amount of cash, if you are strategic in how you do it, is exponentially substantial. It is truly life-changing. So I'm excited, Derick. Let's talk about the tax bill, but I will second you and ditto you and just say, yes, there's discipline to it, but that discipline equals so much freedom on the other side that just try it. Trust us on this. Save, learn to save on it and ⁓ be blown away at how much you're able to have at the end of the year if you do it really well. Derick Van Ness (13:25) Yeah, I 100 % agree and I love your approach, Kiera. That's exactly what we try to teach with people. So let's talk about the tax bill, right? There's a ton of stuff that's in there that we're not going to touch on because like the child tax credit go up $200 a year. Yes. Is that going to move the needle for you as a business owner? Not really, right? Is there a little bit for senior tax relief in there where there's $6,000 of income that they don't pay taxes on? Yes. Does that really matter for you? Probably not, right? So we're going to... Kiera Dent (13:33) Okay, let's talk. Derick Van Ness (13:55) we're going to talk a little bit about a couple of key things that can really move the needle. One of them you alluded to, Kiera, that I think is really important is the idea of bonus depreciation, right? People who don't know what bonus depreciation is, it's when you buy certain types of equipment or real estate, you can take all the depreciation in the first year, right? And that can be ⁓ a huge chunk, especially when you combine it with something like cost segregation. For those of you who don't know what cost segregation is, the two really Kiera Dent (14:04) Mm-hmm. Derick Van Ness (14:24) work well together. So I think it's worth taking just a sec, even though it's not new, it really enhances this strategy. ⁓ Cost segregation is when you have a piece of real estate, you bring in an engineer, and there are companies that do this, right? So you don't have to know all this stuff. ⁓ But they come in, they reclassify as much of your building as they can as equipment. And so what you get to do is depreciate a portion of the building, the stuff that's equipment much more rapidly. So a lot of times five, seven or 15 years. versus either 27 or 39 and a half years. So you get a lot more depreciation on the front end. It's not like you get more overall, but money today is worth a whole lot more than money 20 or 30 years from now. You can invest it and use it to grow your business, et cetera. But then when you add bonus depreciation to that, you can get a lot more of it in the first year. what this really means is if you're Kiera Dent (15:06) Mm-hmm. Derick Van Ness (15:21) buying the right kind of equipment or you're buying a building or you're doing big improvements, you can get a lot more depreciation and that depreciation can save you in taxes, right? And this is one that I feel like most CPAs kind of get bonus depreciation, but a lot of them don't bring in the cost segregation piece. So if you own a piece of real estate, especially if you bought it in the last few years and you haven't done a cost segregation study, this is something that you would have to know about because someone has to physically come to your building. If you haven't done one, Kiera Dent (15:39) Mm-hmm. Derick Van Ness (15:51) should talk to your CPA about it or talk to someone about it. I'm sure Kiera knows people, we know people, there are plenty of people out there who do it. But that's something worth looking at, especially if your building's worth, I would say, $250,000, $300,000, and you've had it less than five years and you haven't done this, yeah, it's totally worth looking at. It could be a real nice windfall. So that's a big one. It had been in place, then it started phasing out from 100 % to 80 % to 60%. Kiera Dent (16:04) I Derick Van Ness (16:20) but now we're back at 100%. So this is a big one, especially if you own your building or you're buying a lot of equipment. ⁓ Another really big one is the SALT tax. Now, people hear SALT tax and they're like, what? They're thinking of like the SPICE, right? SALT stands for state and local tax. And really to simplify this, and there's kind of a workaround in almost every state where you can do it as a pass-through setup. And essentially what that means is, Kiera Dent (16:27) Mm-hmm. Bye. Derick Van Ness (16:49) If you pay all your state taxes before the end of the year, those state taxes become a write off for your federal taxes. Now this was in place up to $10,000. So if you were in a 40 % tax bracket, it could have saved you $4,000. Now it's up to 40,000, four zero, $40,000. So if you're making a lot of money or you're in a high tax state, you can pay those state taxes before the end of the year and it creates a federal tax write off. And so like if you were in a, you know, paying in a 32 % tax bracket and you paid $40,000, it's going to save you, you know, between 12 and $13,000 in taxes that year, which is pretty significant for found money. All it has to be done is you have to pay those taxes and then your, your CPA or your tax pro has to claim that. Right. So that's another big one that got raised and you probably heard a lot about it in the news because People were trying to get it raised higher and some people thought it should be lower. It really does favor business owners. It's not something a person who doesn't have a business can do. And that was part of the controversy, right? ⁓ But at the end of the day, it's law. So you should be taking full advantage of that. Kiera Dent (18:03) I feel like that definitely impacts like the high state tax ⁓ states like California, New York, like some of those bigger ones, definitely because I live in Nevada, it's a no state income tax state. So if I understand correctly, Derick, and this is where I love bringing smart people on, the salt tax doesn't apply to me per se in Nevada, because we don't have state income tax. Is that correct? But in those higher ones, it definitely helps you out tremendously by being able to take those those credits and apply them. Derick Van Ness (18:32) That is correct, yeah. And like another really high one is Oregon. They have quite high state tax, whereas Washington has none. So yeah, that doesn't apply to everybody. But if you're in a state that has even medium, like I'm in Utah, income tax there is right around 5 % for the state. It's still significant, right? You can still do up to the same amount. You'll just get there slower than if you're in California. Kiera Dent (18:36) Mm-hmm. I agree. Right. Derick Van Ness (19:00) Once again, just one of those things like you talked about, know, having kids or, you know, having the ADA like disability access to your building or a lot of these other things that like there are a bunch of little things, but they really do add up doing the Augusta rule. I'm sure you guys have talked about a million times and paying your kids properly. And we have a whole strategy of actually how to help people use tax strategy to pay for their kids college, which is a pretty cool one using some of that. Kiera Dent (19:15) Mm-hmm. Derick Van Ness (19:29) But those aren't part of the tax bill, so we won't dig into that today. ⁓ Kiera Dent (19:32) But they are smart things to know because as you're listing it off, I think when someone's making, let's say your practice is doing a million, let's it's doing 2 million, 5 million, let's say you're at a 50 % overhead, let's just do 5 million, that's 2.5 mil. Not all of that's going to come to you as profit, but let's use like, it also could be coming to you as profit, even if it's in the form of distributions and different pieces. I'm like, Derick Van Ness (19:42) Mm-hmm. Kiera Dent (19:55) on that 2.5, if that's your taxable income, now let's just do, let's say you're in the highest, like that would put you in the highest tax bracket. So we're at a 37%. Like that's almost a million dollars worth of tax money right there on 2.5. So I understand that say 12 grand doesn't seem like that much, but I'm like, but 12 grand is still going to chip down this tax bill. And then you do another 20 grand here, then you do another 15 grand here. All of that does exponentially chip down and like the bonus appreciation. That's why I think Derick, you're talking like the $200 on a million of taxes, not really going to move the needle, but 12 grand, 15 grand. It's the stacking and being able to keep that money. You have to pay this tax no matter what. And why not like benefit and minimize and reduce it and keep that money. then even worst case scenario, you even go invest it or you put it somewhere like a high yield savings account, but still making 4 % for you. that you wouldn't have been making so that money's working for you. I think it's a no brainer ⁓ no matter what tax bracket you're in just to see. But like I also think this is where I don't like to get lazy on my taxes like, is it really worth doing the Augustus roll? Yes, it is. Because like you said, every dollar saved today, if I could even take that 600 or that 2000 or that 12 grand, put it in right now, like go back to college. How many of us wish we would have invested at that point in time? 20 bucks when we were in college. Derick Van Ness (21:02) You Kiera Dent (21:19) into the stock market and what that would be worth today, I think that there's just value in being strategic and smart and this is how you build wealth. It's not sexy, but if you do it consistently, you will exponentially become wealthier much faster than otherwise. I think it's the fastest way to get to wealth long term because you've got a runway in front of you. Derick Van Ness (21:38) Well, I'm going to throw something out here, Kiera, because I get to see behind the scenes, right? I work with a lot of successful dentists and dentists have a really good income. Dentists generally are not great at creating wealth. I'll just be totally honest with you. A lot of them, they make enough money that they, ⁓ they can spend and they have a good life and they're able to put some money away, but proportional to their income, a lot of them are not great savers because of exactly what you talked about. A lot of them make all this money, but they got to pay off a lot of debt. Kiera Dent (21:42) Mm-hmm. I would agree. Derick Van Ness (22:08) right, student loans and a business loan. Well, that's a lot of cash flow, especially in the first five years going out of lot of people's pockets. So a lot of times I'll see a dentist and they're making, let's say they're taking home $500,000, which is very common. ⁓ But you look at their investments and everything and they've got 300 grand saved. And they've been at it for 10 years and you're like, what happened? it's they paid off student loans, they paid off business debt. Kiera Dent (22:27) Mm-hmm. Derick Van Ness (22:33) They've had to invest in equipment along the way. They've had to remodel their office. They bought a house. You know, and they have some nice things. But now when you start going back and saying, hey, we can do this, this, and this, and now you get to save an extra, let's go really, really low, an extra $20,000 a year. Okay. I did some math the other day for our newsletter, $20,000 a year. If that's what someone saved and they just put that money to work at 7%. Over 30 years, they'd have $2.1 million roughly. Right? So it's like, it's not, it doesn't appear to be a huge thing, but over time it really does add up. And to be quite honest, someone who makes $500,000, I can think of a bunch of ways that are outside of the new tax bill, things we've been doing for years that can really save them a whole lot more than that. And so for a lot of people, like if somebody is making two and a half million dollars, there's actually some advanced strategies that can really move the needle in a big, big way. But these small things like paying your state tax by the end of the year, It takes you five minutes and you saved 13 grand. Okay, that's a big deal. Doing, making sure you're paying yourself properly so that you don't end up paying self-employment tax unnecessarily on more of your income than you. Okay, that's another seven, 10, 15, 20 grand. ⁓ Paying your kids, Augusta rule, bonus depreciation. Okay, now all of sudden we took a bill that was maybe 120,000 of taxes for someone who makes 500 grand and now they're paying 50. Kiera Dent (23:34) Hmm. Derick Van Ness (24:00) So they kept 70,000. Like that's a big deal. You put that together and using the math I just did there, that's about $5 million over 30 years, right? So it's significant and I bring up the two and a half million thing, because I don't see a lot of dentists. I have a few clients that make that kind of money, but most of the dentists, especially people who own one or two practices, they're making between on the lower end, maybe 300, 350, on the higher end, maybe 800, 900,000. Kiera Dent (24:00) Mm-hmm. Mm-hmm. I agree. Derick Van Ness (24:29) You know, so suddenly an extra 50, 70, 80, $100,000 a year is a lot of money. It makes a really big difference. Kiera Dent (24:37) I agree. I even think though, on no matter where your bracket is, I think like, well, one, I just hope I don't know, Derick, I need to surround myself with people like this. I hope that no matter what income I make, I don't ever like pish posh 70 grand. Like I just hope I hope I never I mean, I hope that I'm a freaking billionaire at one point in my life, like that'd be incredible. And like the amount of good that we'll be able to do in this world, like even today. But I'm like, I hope that I stay humble and grateful enough that I would never say like 20 grand or 50 grand is not worth my time to do ⁓ in a small effort. ⁓ And so I think that that's just a zone of like, let's remember the humility as well of like, yes, these things are tax savings, but they're also going to exponentially grow you, you, your practice, your family, like your contribution, your good that you're able to do in this world. So even if you're not using it for yourself, think of the good that you can give back to this community in this world. So I think And then I'm also like, yeah, and if you're at 300, 70 grand is a lot. If you're at 900, 70 grand should still be a lot. If you're at 2.5 million, 70 grand should still be a lot for you to where I think like, I also feel it's a skill of staying sharp rather than getting lazy and sloppy as we evolve. I know I've done it. Like I used to be way more scrappy when I first started the company and I'm like, yeah, well, do we really have to do all this? And it's like, but I think this... sharper we can keep ourselves and the more disciplined we can to be expert saviors. Like I talked to Ryan Isaac of Dentist Advisors often and he and I talk about like the biggest thing is like being a great saver, like building your wealth, but then also not losing your wealth by doing dumb things or not being disciplined and watching what you've built. Like it's kind of two sides of the coin and being able to get there at the end of the day, I think is what we're all striving for. So I think it's brilliant and I hope that nobody says pish posh to us. Derick Van Ness (26:12) Mm-hmm. Kiera Dent (26:34) 70 grand if we could save you that much in taxes. Derick Van Ness (26:37) I sure hope not, right? And if you do, it's because you've got a better use of your time than that. But quite frankly, most of this stuff, especially taxes, the cool thing is we've had a few tax rewrites in the last, you know, 10 years or so. But typically we don't have a lot of tax rewrites. So once you know the rules, it doesn't change that much year to year. A few little things change here or there, but for the most part, if you can take the time. get yourself the right team or learn the rules yourself. mean, I think even people who know how to do this themselves, having a good tax pro on your team can be worth a lot because things do come up. ⁓ But honestly, most of it, once you know it, doesn't take a lot of time, right? We're talking a couple hours a year. And if you know what you're doing, a lot of this you kind of do along the way or it's already set up, like setting the money aside for taxes that's already set up, paying before the end of the year. That's just the thing you do one time, you write one check or make one payment online and Kiera Dent (27:17) Mm-hmm. Derick Van Ness (27:32) and you're done, right? And a lot of these things are easy. ⁓ Another one that's a really big one that came up with the tax bill that I'm very excited about is they brought back the research and development credits. And this is another thing that for a dentist, it'll probably take you two hours of time ⁓ to do it, like an hour to work with someone to do the projects, which is basically an interview of what have you done, what's the research so that the tax team can look at that. Kiera Dent (27:43) Mm-hmm. Derick Van Ness (28:00) And then just getting your tax returns over because not only do these credits come back, but you can retroactively, we've got one year to do this retroactively. You can go back and claim the credits for 2022, 2023 and 2024. And so that gives us three years where you can amend and go back and get that money. And I mean, for a typical dentist, I see on the low end, there are a lot of them. If you're investing in equipment, trying new stuff, which Kiera Dent (28:15) Wow. Derick Van Ness (28:29) most dentists to compete have to be doing today. If you're doing, you know, still doing mercury fillings from the seventies, then maybe that's not you. But most people who are listening to your podcast are... Kiera Dent (28:32) Mm-hmm. I was going to say you, most of the podcast community should be in that realm. Derick Van Ness (28:44) Yeah, I'm kind of joking, but typically, I mean, it's between $10,000 and $20,000 a year. if you have a big practice, I mean, we've had clients that have gotten multiple six figures back because they did some major overhauls and a bunch of stuff. But let's call it $15,000 to $20,000 a year for a lot of dentists. It takes 45 minutes to do it, the interview, and then a little bit of time to review that, make sure it's good. So let's call it two, maybe three hours of total time to get that money back, right? And you can do this every year when we amend. You have to amend them and they go back to the IRS. And the IRS is taking about a year to get checks out. They're a little buried ever since COVID. They got behind and they just never caught back up. But once you get on top of that for 2025 and beyond, like you can just do it proactively. You just don't pay the taxes. You don't have to wait for a refund. And so it's another one of those things where you spend an hour or two a year and you get 10, 15, 20, $30,000 a year that you just get to keep. Right. And so this one to me is a huge one for dentistry because the rate at which the industry is changing, right. Uh, went from, from cone beams to milling people, milling their own crowns. Now it's 3d printing pretty soon. It's going to be, you know, a lot of these things you see at the shows with the robots doing things and all kinds of different things that Kiera Dent (29:50) Awesome. Totally. Derick Van Ness (30:12) Dentistry is a very progressive industry, right? A lot of AI coming in with answering phones and scheduling people and answering questions and all of that kind of stuff. You may as well get credits for it. You're doing the work, you're buying the equipment, you're figuring this stuff out. So if you're doing anything where you're upgrading, trying new technology, looking to get better, faster, more efficient, you're probably accruing the credits. ⁓ And it's just something you don't want to miss out on. R &D credits are... ⁓ not as well known as they could be because it's very much a specialty thing and it's relatively new to the tax code. It only became permanent in 2015. It's been around since the 80s but it changed a bunch and became permanent then. And the reason we didn't do it through 2022 through 2024 was there was a change in the 2017 tax code and you know they gave tax breaks. Kiera Dent (30:43) Mm-hmm. Derick Van Ness (31:07) to corporations, they had to make it up somewhere. And this was the place where they said, if people claim R &D, they also don't get to write off all the expenses without going into all the detail. It just wasn't worth doing. Now we can go back and recover that. Congress didn't think it was even going to become a law. I think they thought they were going to amend it. And then COVID happened. And they sort of forgot about it. So it became a law in 22. Anyway, this is all fixing it. So to me, this is a huge one. It's an easy win for a lot of a. Kiera Dent (31:18) Yeah. Derick Van Ness (31:36) a lot of dentists to be able to go out and just get a bunch of money back in taxes you've already paid for stuff you've already done. And it's pretty minimal effort. ⁓ There are lot of different people out there who do it. We do a free estimate for people so they can kind of see what's on the table. But yeah, it's pretty straightforward. To me, that's probably the one specific to dentistry that's going to apply to almost everybody listening almost every year. And so I kind of saved it toward the end here because I think it's the big win. know, the others, the bonus depreciation can be bigger, but you're probably not buying a business or massive amounts of equipment every year. But if you are, then that's going to be a huge one too. Kiera Dent (32:20) Yeah. No, Derick, I love that. And I did some math because you talked about like one hour approximately per month to do these things. And I just I did some really, really conservative numbers. So I was like, if we were doing 20 grand of how much we get for tax savings of like actual dollars to you. And that was in 15 hours a year. That's 1333. So about 1400 per hour. And so thinking about a dentist who's producing 1400 per hour. That's actually, that's a pretty high production. You're producing about $11,000 a day as a dentist at that rate. Then I was thinking like, okay, the R &D is 10 grand, 20 grand in two hours. That's now producing $10,000 an hour. I was like, that dentist would be producing $80,000 a day. Just to put in comparison of your dollar per hour on production, you apply that to your tax savings. I think that it's to me, Not all dentists are even producing $1,300 an hour. Even very, very skilled dentists, like 500 to 1,000 is actually pretty great. That's what we try to target for doctors to do. 8,000 a day is a pretty good amount. So when I just did the quick math and I'm like, a lot of dentists are not working five days a week. A lot of you are working four days a week. So if you just added this as part of your CEO time, one hour per month to dedicate to this. What's the ROI of that time? think it's very well worthwhile. And I will agree with you, Derick. We've had you on the podcast before. That's why I had you come back on, because I am seeing multiple clients get these R &D credits coming through that I just think it's a worthwhile thing. Again, I feel like it's Geico. That's what I feel like right now. Like one hour or like one quick call could save you 10 to 20 grand. I think that that to me, again, let's be sharp. Let's be savvy. Let's make sure we take advantage of these opportunities because again, Derick Van Ness (34:00) you Kiera Dent (34:13) Like you've said, the compound of that 10 or $20,000 that you get over the course of the next 20 to 30 years while you're doing dentistry, even if it's five years, even if it's 10 years, ⁓ that to me is so worth your time. I feel like that's the best use of your time you can possibly do as a CEO, as a business owner. So Derick, that's why I want to do back on because I think everybody should connect with you. Everybody should talk to their CPAs about this. I know you guys do the R &D credits. I also know that you guys do accounting. So if people are looking to connect with you, Derick, like what's the easiest way? Like I'm fired up listening to this podcast. I'm committed to my one hour a month. It's like one and a half guys. So you're gonna have to be a little bit more, but I'm committed to that. Where do I start? How do I get going to make sure that I can maximize this big, beautiful tax bill and also the R &D credits for my practice. Derick Van Ness (35:03) It's a great question. So we actually set up a page just for Dental A Team listeners, right? So it's just, my company's called Big Life Financial. And we do that, it's not big money financial. Our goal is to help you get money out of the way so you can live the life you're here to live as a human, right? And really spend the family time and make the contributions and express yourself as you want to. But it's BigLifeFinancial.com/DAT. So if you go there, it's a research and development credits opt in right for the page because I think that's the biggest win. But we will also do, if you would like, a full three year tax review for people. Anybody who wants to see, have I been overpaying? There's a million things we didn't touch on today because they're not part of the new tax bill. There are things that have been around for a long time. ⁓ But we can help you to get a good idea of have you been overpaying and what are the opportunities out there? ⁓ And so that's a great way to start. And then from there, if it seems like you want to Kiera Dent (35:46) Mm-hmm. Derick Van Ness (36:03) find out more, you have questions or things come up, but that's a good starting point, right? It's like a diagnostic that gives us a good place to start from. So BigLifeFinancial.com/DAT will set up a free call. It should only take maybe 15, 20 minutes at first just to answer any question. That's great. Kiera Dent (36:19) 15 or more could save you. It really fills up, it's true. It's true. Daria, I do have a question though, because people get creeped out by taxes. How often do doing this and looking back at past taxes alert audits within the IRS? Because people creep out about this. Derick Van Ness (36:37) So doing it, so the R &D credits, especially this because they literally passed a law and said, yes, you can go back and do it. So there's going to be a ton of people doing it. So I don't think it's going to be any type of audit unless you really weren't doing research, right? But that's what the interview is for, is to help us to identify it. And our team will essentially tell you what does and doesn't qualify. But there's no risk to it, especially because they're saying, hey, yeah, you can go back and do this. You could. I mean, you could have claimed it before, but nobody did. So it's not going to stand out. also, even in the past, when we've done this for people prior to that law change, I think out of 16,000 filings, there's been like maybe 12 or 15 audits. It's lower. It's even lower than a typical audit range. And I don't know how that's even really possible, but it's just been very low. It's not something the IRS is really worried about. It's not huge amounts of money. Kiera Dent (37:10) Mm-hmm. Derick Van Ness (37:35) You know, some of these other strategies care that you're aware of. people are getting 50, 100,000, $200,000 tax breaks and those are much more highly scrutinized. You really doing this work, which dentists do, uh, and based on your industry, I don't think they're really going to bat an eye. It doesn't mean there's a zero chance, but it's very, very low. Just like if you had a piece of equipment, forgot to depreciate it. Now you went back and amended to do that. It's that straightforward. It's a permanent part of the tax code. It's not gray area stuff. Kiera Dent (37:42) Right. which is super helpful. And that's just where I wanted to clarify because I know people get kind of weird of like, yeah, I want to save on my taxes, but I'd rather not get audited. And so I think this is a world where you can be both. You can save on taxes legally, just like the Augustus rule. Like that is something very common. People do it if you don't know about it, talk to your CP about it, ⁓ your kids having real jobs. So I feel like it's something where, like you said, it's not talked about as much, but that does not mean that it is not as commonplace or that you shouldn't bonus appreciation on real estate, on big equipment. Derick Van Ness (38:10) Yeah. Kiera Dent (38:36) These are things that I also feel this is the time like a political landscape for you as a business owner to take advantage of tax benefits. The person who's in the White House currently, whatever you choose to believe or not believe is very pro businesses in a lot of ways. And so I'm like, if you're ever going to try it based on who's in office, ⁓ I think now is a great time ⁓ with how many things are coming forward for businesses and being more business. ⁓ I would just say business friendly, I think is where the political landscape is currently. Again, not to go down a political path, just to be looking at like, if I'm hedging my bets, now is probably a really good time where odds of audits are probably a little bit lower than maybe at other times of the political landscape. So just things to think about. Derick, I love these podcasts. I love building wealth. So guys go to BigLifeFinancial.com/DAT, so Dental A Team. So it's just DAT our initials. Derick Van Ness (39:15) Yeah. Kiera Dent (39:32) And Derick will take great care of you. Derick, any last thoughts as we wrap up today? I appreciate you so much being on here. Derick Van Ness (39:38) No, just think, you know, dentists work really, really hard and I feel like a lot of them don't get the fruits of their labor because there's a lot of these little things that they haven't been taught. And I think all the little things do add up. So, you know, this is one of those things that if you choose to just take it on, figure it out in a year or two, you'll be way ahead of the game and you get to benefit from that basically forever. Right? lot of this stuff, once you figure it out one time, you can just ride. 80%, 90 % on autopilot. So if you've been afraid of it, would say it's climb over that hill, whether it's with us or someone else, it is really worth it. You guys work too hard, take too many risks, deal with too much headache to not get the full amount of the money that you really deserve to keep. So yeah. Kiera Dent (40:23) I agree. That's why Derick gets to be on the podcast because we're very aligned. I've always said I want dentists to be insanely wealthy, insanely. I see what you go through in school. mean, 2.5 million debt ⁓ to even get the opportunity to practice. ⁓ That's really where I was on a very strong mission to help dentists just like Derick to be as successful as you want to be. And there's little strategies like what we talked about that are big strategies. So take advantage, get over the hump. Chat with Derick or your financial advisor or your CPA. But these things, I think, need to be part of your every single year conversations. They need to be talked about multiple times. You need to be asking what's been changing in the tax bill, keeping yourself a part of it. Very simple moves, big gains this year. Derick, as always, thanks for being a part of it. I really appreciate you. And for all of you listening, thank you for listening, and I'll catch you next time on the Dental A Team Podcast.
In this episode of Weld Wednesday with AWS, I'm joined by Teresa Melfi and Josh Sullivan from Lincoln Electric to talk about the evolving role of automation, robotics, additive manufacturing, and artificial intelligence in the welding industry. Teresa shares insights from her 40+ year career—from being a certified welder to her work on waveform design and advanced robotic systems. Josh dives into alloy R&D and how Lincoln is leveraging AI to improve filler metal development for additive processes. We also explore how automation is improving ergonomics, broadening access to welding careers, and why these technologies aren't replacing welders—they're expanding the industry. Whether you're new to welding or looking to future-proof your career, this episode is packed with valuable insights. Attend FabTech 2025 in Chicago aws.org/fabtech Learn more about AWS AWS.org
It's a weird time to be an environmental scientist. The proposed cuts to federal science funding in the United States are profound, and if they come to pass, it's not clear what American science will look like on the other side. But for many researchers, science is much more than a career: it's a community, lifestyle, and sometimes even a family business. Outside/In producer Justine Paradis tagged along with researchers in the field to learn what it's like to be a scientist right now. We visit one of the oldest atmospheric monitoring stations in the country, and venture onto the Finger Lakes with an ad-hoc group of researchers struggling to understand an emerging threat to water quality: harmful algal blooms.This is a glimpse of the people behind the headlines, navigating questions both personal and professional, and trying to find ways to continue their work, even as much of their funding is simultaneously collapsing around them. Featuring Bob Howarth, Joshua Thienpont, Irena Creed, Nico Trick, Anita Dedić, and Tom Butler, with appearances from Roxanne Marino, Renee Santoro, and Garreth Smith. SUPPORTTo share your questions and feedback with Outside/In, call the show's hotline and leave us a voicemail. The number is 1-844-GO-OTTER. No question is too serious or too silly.Outside/In is made possible with listener support. Click here to become a sustaining member of Outside/In. Subscribe to our newsletter (it's free!).Follow Outside/In on Instagram and BlueSky, or join our private discussion group on Facebook. LINKSNY67, one of the oldest atmospheric monitoring stations in the U.S., was established by Gene Likens, who helped discover acid rain in the 1960s (The Guardian). More on the cuts to the National Science Foundation from The Guardian. It references a Federal Reserve Bank analysis, finding that for every dollar spent on R&D by the major federal agencies, there's been a return to U.S. taxpayers of $1.50-$3.00—in other words, 150-300%.The American Association for the Advancement of Science has been tracking the federal science budget for decades, and publishes an ongoing analysis breaking down the proposed cuts.A map tracking harmful algal blooms in New York State. In the early 2000s, some wondered if seeding the ocean with iron could be a climate solution. They hoped that the iron would trigger the growth of marine phytoplankton and sequester carbon in the ocean. But when Charlie Trick and his colleagues studied it, they learned it had unintended consequences: it triggered the growth of highly toxic algal blooms.A paper on the rise of ammonia, using data from the National Atmospheric Deposition Program and co-authored by Tom Butler.A letter condemning the proposed cuts to science in FY26, signed by more than 1200 members of the National Academy of Sciences. CREDITS Produced by Justine Paradis. For full credits and transcript, visit outsideinradio.org. WIN A NEW CAR OR 25K IN CASH DURING NHPR'S SUMMER RAFFLE! GET YOUR TICKETS HERE.
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