⏳ 5min read /✍ by Arturo Torres

After internet, mobile and cloud, AI is on its way (if not there yet) to become the new transformative platform.

There are uncountable applications across all types of industries, at different levels of development, and with specific challenges from a technical and data availability point of view.

 

How do we define a prospect AI investment at Draper Cygnus?

 

• We are industry-agnostic, but the product/service must be competitive in a sufficiently large global market.
• The algorithm, the data, and/or its application to the solution have to be the key differentiator versus other alternative ways of solving the same target need or the enabler of a new product/service.
• There must be clear access to the data required to train and test the system, including a thorough understanding of the acquisition/developing costs and the time frame estimated to gather the datasets as well.
• The model should be based on an advanced technology that significantly adds value to the user’s experience, and even if it is not entirely developed, there must be a well-thought roadmap with predefined milestones.
• The team must be capable of dealing with both complexities, building new transformative technology, and understanding how to get the solution to the market. Fundraising skills are key.
• Highly experienced scientist and seasoned industry professionals in the Advisory Board.

 

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