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The 10 biggest startup opportunities in 2016

James A. Martin | Jan. 8, 2016
The New Year promises to usher in a new set of tech startups looking to capitalize on the rise of enterprise wearables, counterterrorism, finance and payments tech, and even private space exploration.

Despite safety and other concerns about self-driving cars, "there are so many long-term benefits, including environmental, safety, health, family life-balance, geopolitical and overall economic benefits," he says. "Self-driving cars will also be materially beneficial to lowering inflation, as we'll spend less money on gas, repairs and real estate." Haroun suggests software startups in the autonomous car market will gain traction in 2016, but the real impact will be felt "in the next few decades."

10. Space exploration

The race between Elon Musk's SpaceX and Jeff Bezos's Blue Origin will result in the creation of smaller companies that build technologies to complement and support the two space exploration startups, according to Hogeg of Singulariteam, which invests in Effective Space Solutions, another rival space startup. Though trendsetters such as Musk and Bezos are energizing interest in the "commercial space age," some VCs will be wary of funding such startups because "the horizon for income is so far off," Hogeg says.

 

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