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Monday, November 25, 2024

Waseem Ashraf Qureshi: Scale is everything when creating groundbreaking tech - Gulf News

Last updated Sunday, November 14, 2021 06:27 ET

Entrepreneur and inventor, Waseem Ashraf Qureshi is the co-founder and CEO of powerhouse Made in UAE brands, Infusion Power Industries, and Infusion Solar Energy Systems, as well as the US-based Kilowatt Labs, Inc. The group manufactures and sells Qureshi’s energy storage invention, Sirius supercap storage, the degradation-free, non-chemical, fast-charging, recyclable and biodegradable alternative to batteries.
According to Qureshi, inventing groundbreaking technologies can only disrupt industries and markets and make a difference if they make the journey from lab to the market place, at scale. “Otherwise, they are just trophies on a shelf.”
The art of commercialisation requires navigating numerous landscapes concurrently – team building, capital formation, partner development, sales, branding, investor relations, certifications, supply chain, regulations, legal, audit and banking. Each of these standalone verticals present their own sets of rules, regulations, practices, and processes.
“I have been inventing technologies since the age of 15, and experience has taught me that innovation must be practiced in the entire process, not just in building the technology,” says Qureshi. “Entrepreneurship is innovating the entire value chain, and success as an entrepreneur is difficult without it.”
Since launching Kilowatt Labs, Inc., in the US, Qureshi has developed an innovative global stockist model enabling global distribution with capital efficiency, a reseller model that has...



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