The speaker discusses the features and innovations of the open source design and prototyping tool, PEMPOT. Some of these features include an improved invite system, real-time collaboration with coding and design changes, and the use of Flex CSS for creating developer-friendly layout systems. The speaker also mentions the challenges and benefits of migrating from other design systems, such as Figma, to PEMPOT. The company's business strategy includes offering a bottom-up distribution model and a potential enterprise edition. The speaker concludes by emphasizing the importance of open source developers in bringing PEMPOT to the forefront of the design and prototyping tool market.