42% of the top EF startups’ founders have significant domain experience, as opposed to 47% with no domain experience at all, suggesting that domain experience does not matter. ‘It matters what the most ambitious people do with their lives,’ thus reads the home page of Entrepreneur First’s website, Europe’s top startup incubator. With access to a unique dataset of medical images, Kheiron develops algorithms using the latest advancements in machine learning to help radiologists with their day-to-day tasks both in terms of improving diagnostic accuracy and diagnostic … From young teams springing out of Europe’s best medical universities, to entrepreneurs twinning up with expert clinical practitioners who have found a problem to solve, there is no shortage of European medtech … This finding suggests that from an EF perspective, a Master’s or Ph.D. is a great way of attaining a ‘technical edge’ and that this edge is as necessary for the teams as it is for the founders. If you want to progress in your career and learn from the best people and the best resources on the internet, then try our mobile and website and support our campaign on ProductHunt. 24% of the top EF startups’ teams have 7-10 years of work experience before joining the startups. The second most common organizations where the top EF startups’ teams gain their experience from are the huge corporations consisting of 10,000+ employees, as they comprise 18% of the total work experience of the top EF startups’ team members. This implies that although 61% of the startups’ founders have a ‘technical edge’ in total, a ‘domain edge’ is still an important asset to have, although not at a 1:1 ratio. The owner of the first … Founded in 2016 by Peter Kecskemethy and Tobias Rijken, Kheiron was incubated in Entrepreneur First in London. 13% of the top EF startups are focused on employing AI to reach more accurate customer insights. This supports the thesis that currently EF shows no specific interest in any particular domain when it makes its investment decisions. Business administration comes at 8%, law at 6%, humanities at 3%, and surprisingly mathematics & statistics at 3%. Kheiron Medical's key executives are Peter Kecskemethy, Tobias Rijken and Christopher Austin. Excluding the UK and the USA, the top EF startups’ teams are mainly distributed across Europe, Asia, and Africa at 5.7%, 3.7%, and 2.6% respectively. Experience in micro-companies, consisting of less than 10 employees, is equally unfavorable, comprising only 11% of the total work experience of the startups’ team members. This suggests that global diversity is built in the DNA of the top EF startups as they give priority to acquiring and maintaining a ‘tech edge’ in their domains. Both are not prerequisites for entry into the program but seem as assets that increase a startup’s chances of success with EF. In fact, the 15 startups analyzed offer solutions in a wide array of domains such as real estate, healthcare, education, communications, marketing insights, personal finance, manufacturing, gaming, disaster recovery, geographical positioning, and agriculture. Job opportunities at Kheiron Med. Almost equal attention is paid to research, operations, and customer support, representing an average of 9%, 8%, and 7% of the top EF startups’ teams respectively. Experience in IT services companies, internet companies, and computer software companies comprises 31% of the total experience of the top EF startups’ team members, further supporting the preference to the ‘tech edge’. As 80% of all Entrepreneur First’s cohort members join with a ‘tech edge’, it comes at no surprise that the startups these founders build are highly engineering-focused. Kheiron Medical is a medical imagery company that uses machine learning technologies to develop tools for radiologists that improve the efficiency and accuracy of radiology reporting. This preference to the ‘technical edge’ is evident even in the startups operating in the most domain-heavy industries such as Mavrx and Kheiron Medical, where computing and engineering degrees significantly surpass the number of degrees in the life and physical sciences by 31% and 40% respectively. As medical developments zoom ahead, it’s increasingly the startups that are leading the charge. Most of the top EF startups’ team members have had significant experience in small and medium-sized companies that employ 11-200 employees. Kheiron is proud to be one of the winners of the first UK Government Artificial Intelligence (AI) in Health and Care Awards. Made by Alchemy Digital. Prior work experience in financial services and investment companies comprises 11% of the total work experience of the top EF startups’ team members, indicating this domain to be the second most important domain that needs to exist in the DNA of an EF startup team. Akmal Bakar. In the meanwhile, it is clear that being powered with skills data analysis enables companies to objectively investigate the skill sets of their employees and make decisions for the future. Tobias Rijken – Kheiron Medical. Entrepreneur First is supported by AWS Activate and Vitruvian Partners. However, the common pattern of the data shows that 73% of them employ some level of artificial intelligence to deliver their solutions. 73% of the top EF startups leverage artificial intelligence versus 27% that do not use AI. According to the sample analyzed in this report, it is plausible to deduce that, all in all, EF seems true to its vision. Kheiron Medical Technologies was founded with the sole focus of helping radiologists detect breast cancer earlier with machine learning software. The 15 startups analyzed for the purpose of this report are: Knowledge Officer provides different data analysis services that you can further explore on our business page. It is also clear that the DNA that EF looks for in its aspiring founders is the same DNA that the founders themselves look for in the teams they build. The data also reveals a promising interest in building up research, operations, and customer support functions. 27% of the top 15 startups’ teams are located in 40 different countries across all continents covering countries such as Germany, Somalia, China, Japan, and Russia. With access to a unique dataset of medical images, Kheiron develops algorithms using the latest advancements in machine learning to help radiologists with their day-to-day tasks both in terms of improving diagnostic accuracy and diagnostic productivity.Radiology is an absolutely vital element in the healthcare system as the primary window to understand what is happening inside the body. Computer engineering and computer science lead the way with 44% of the top EF startups’ founders holding an academic degree in it, followed by 22% in the social and behavioral sciences, primarily economics. No specific domain dominates the work experience of the top EF startups’ team members, as a combination of 98 different domains appears in their background experiences. And we’d love to hear your thoughts! Degrees in social & behavioral sciences, primarily economics, come in third at 20%, followed by degrees in non-computer engineering at 18%. Tobias co-founded Kheiron Medical to develop tools for radiologists through the use of ‘machine learning’, which helps improve the efficiency and accuracy of radiology reporting. We invest time and money in the world’s most talented and ambitious individuals, helping them to find a co-founder, develop an idea, and start a company. Kheiron Medical Recommended for you. Read the announcement here So far, Entrepreneur First has helped 2,000+ people create 300+ companies, worth a combined $2bn. This blends well with EF’s thesis that having a ‘domain’ edge puts aspiring founders at a strong position that enables them to propose innovative solutions that have not been put forward before. Although 93% of the top EF startups are headquartered in the UK and 73% of their teams are located in the UK, the data shows that the remaining 27% are located in 40 different countries around the world. 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