Prague, 21.6.2018: La Fabrika was the venue for a meeting between Czech investors and startups in the field of artificial intelligence. The event was organised by the Czech firm AI Startup Incubator. Eight projects came seeking financial support for development or expansion. Two representatives of Startups came from California, and others came from Mexico, Russia and Slovakia. Two startups consisted of international teams. The Czech Republic also had a representative on the stage.
They were vying for investments ranging from one hundred thousand to half a million dollars.
Roman Cabálek, former CEO of the company Microsoft for Central and Eastern Europe, took care of the introductory “warm up” of the presenters, investors and spectators. The programme was hosted by the presenter Daria Hvížďalová from GoodAI. The event was held in English.
Twenty Czech investors or their representatives watched the presentation of projects. The expert mentors of AI Startup Incubator asked questions about the technological treatment, and sales and marketing concepts.
“Artificial intelligence is undoubtedly one of the most interesting areas for investment“, said the private investor Daniel Kunz. “Events like today’s PitchDAI give me a quick overview of the possibilities available, but I also get the chance to discuss their viability with specialists in the field. I consider yesterday to have been a day very well spent,” he adds.
Each startup had 25 minutes on the stage. They used this time to present not only the product/service, but also the technology used, the sales and marketing concept, and, last but not least, their offer to investors. There followed twenty minutes for questions. Part of the afternoon was set aside for individual discussions of presenters with investors. The day’s programme was rounded off with an informal evening part.
“I didn’t want to place the clients or investors under needless pressure. So instead of the traditional 5 minutes for the presentation of the project we chose a longer period of time with sufficient space for questions. Everyone appreciated it. There was a great atmosphere in the hall, and the discussions continued long after the official part of the programme had ended. And this is just what we had wanted to achieve”, says Petr Šrámek, founder and director of AI Startup Incubator.
The following startups attracted the most attention.
1. Aviget – a Slovak chatbot, not only for airlines
Peter Kollár, CEO of Aviget, came to PitchDAI to make a presentation. The easily implementable tool attempts to save airlines the costs associated with the demanding operation of call centres and counters at airports, and to maximise customer comfort.
The well-designed environment, utilising to the maximum extent AI technologies and the mobile devices of end consumers via the most widespread third-party chat tools, has already undergone a practical testing of functionality. Through AI Startup Incubator Peter is looking for more resources for development, marketing and sales.
More detailed information: www.aviget.com
2. SmallStep – when artificial intelligence (also) teaches you a foreign language
“Yes, we Kan!”, say Taras Zagibalov and Dmitry Kan from the company SMALLSTEP.
The startup focusses on language learning, for which it utilises the traditional teacher/pupil cooperation with the aid of an online environment and mobile technologies. Artificial intelligence adds another dimension to it.
The system can prepare a lesson from any inserted text – in this way it resolves the problems of specialised e-learning, which requires specific vocabulary (English for doctors, builders etc.).
It also makes it possible to adjust any trajectory of tuition according to the results already achieved. It focuses on plugging the gaps in knowledge, reinforcing weak points and offering the transition to a higher level at the right time (tuition with native speaker). Teaching is highly entertaining, and the combination of methods makes it possible to study properly from anywhere.
More detailed information: www.smallstep.ai
3. e-jobin: when a robot conducts the job interview…
Petr Kadlec, e-jobin product manager, presented his project on the stage at La Fabrika in Prague. He showed the investors his detailed system for improving the effectiveness of job interviews using artificial intelligence technologies.
E-jobin lets future employees participate in an interview from the comfort of their own homes, and it lets employees process the first round of selection proceedings using online tools. So there is no need for pointless journeys, and both sides save time.
Technically e-jobin is based on a combination of a videocall recorded by the candidate in the comfort of their own home and evaluated by psychologists, and the answers to a group of questions ascertaining out the readiness of the candidate for the specific position. The basic groups of questions are prepared by a psychologist and are developed and detailed using AI. This gradually also takes over the evaluation of the videocalls.
The e-jobin business model is configured not only for large corporations, but also for small firms, which often have far greater problems with the selection of suitable candidates because they do not employ a specialist in the field. The startup came to PitchDAI looking for a financial injection for further development.
More detailed information: www.e-jobin.com
4. Illumina – learning is (more than) fun
Juan Carlos Elizalde, company CEO, came to Prague to present an educational project created in Mexico.
The learning platform is intended for the teaching of mathematics at primary schools and at home. Tuition is carefully kept on the boundary of gamification, which also supports maximum effectiveness. The technology is fully based on artificial intelligence, which makes it possible to individualise the individual lessons, to adjust the tempo and difficulty of tuition, and to verify the understanding of the material covered even if it overlaps themes (subjects)
More detailed information: www.illumina.me
5. Waylo predicts the prices of hotel rooms
Angik Sarkar, CEO of Waylo, showed investors a platform which can predict the price of a hotel room anywhere in the world.
The system is very easy for the customer to use – using the web or application for mobile device, he enters the city and date of stay. The system finds the best offer of accommodation and offers it to him. It also asks for additional input data (budget, requirements for accommodation in specific area, distance from specific place etc.).
The chatbot, with which the user communicates for the entire period, is pleasant, to the point, and accurate. And this is what communication with artificial intelligence is like.
The well thought out design of the entire solution, and the possibilities for integration of the platform into existing global booking systems, was of great interest for the investors.
Angik Sarkar was at PitchDAI looking for financial support for the further technological and commercial development of the firm.
For more detailed information: www.thewaylo.com