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EIT Digital
Research and Development in
Business
Obsessed with GPUs. Expertise demonstrated in research publications and partnerships
with leading players in HPC and imaging
szaqaei@inf.elte.hu ǀ +36 20 930250
Brain research
program
Journey to become an Entrepreneur
EIT and Academia
Mathematical optimization on
Graphical Processing Units
ELTE Doctoral Studies Innovation and Entrepreneurship
Geographical Mobility – Zurich
Bitplane Ag.
EIT Digital Doctoral
Studies Established Zeno Vision Limited during
EIT Business Model and Development
course
Zeno Vision Limited
Developed variational
algorithms for selectively
segmenting cells in
Fluorescent images
Validated business idea
throughout Europe
EIT Health
LaunchLab
1 2 3 4 5
Business Model
2
3
1 Direct Sales to
Hospitals
1
Licensing to
CT Scanner
Manufacturers
2
Licensing as a
Developer
Tool
3
Fee per report
Priced to reduce costs of admitting patients without
malignant chest pain
1,500 patients per year * £350 = £525,000 per hospital
License to CT Scanner manufacturers with geographic
exclusivity
20% of fees charged
License algorithms to software developers in various
industries
% of software sales negotiated on an ad hoc basis
Arrakis
By
Zeno Vision Ltd
Continue to build out Medical Advisory Board
Identify early-adopter Radiologists who are
also responsible for IT purchasing
Integrate product offering into Academic
teaching hospitals
Market to and obtain endorsement from Key
Opinion Leaders in Cardiac Radiology
Leverage success with early adopters through
industry conferences
Journal publications citing healthcare cost-
reduction and improved clinical outcomes
Train sales force and radiologists to make
business case to hospital purchasing boards
Once critical mass is achieved, license
technology with geographic exclusivity to CT
Scanner Manufacturers to pre-install software
Leverage success with early adopters and
licensees to market product to software
developers as a tool for other solutions
Go To Market Strategy
CE Marking and FDA Approval Required
Jul-16 to Jun-17
 Completed EIT Health
LaunchLab with
YES!Delft (£4,500)
 Validated business idea
with Philips, invited to
HighTechXL Accelerator
 Completed EIT Digital
BDx program (£27,500)
 Founded Zeno Vision Ltd
in UK
 Recruited Radiologist
 Secured grant
engineering samples
from AMD (£10,000)
Jul-17 to Sep-17
 Recruited additional
team members
 Procured computing
hardware outlined in
materials cost sheet and
completed custom
development machine
builds
 Kicked off development
project
Oct-17 to Dec-17
 Present first research at
HUSTEF Testing
Conference in Budapest
 Begin patent exploration
 Launch website
 Close SEIS investment
round
Jan-18 to Mar-18
 Complete IP review and
identify next steps to
secure patents
 Identify additional
hospitals to conduct tests
for CE marking process
Apr-18 to Jun-18
 Deliver prototype
 Deliver future
development project plan
 Deliver IP report
 Complete brand and
website development
Jul-18 to Sep-18
 Secure Series A funding
(£1m)
 Kick off CE Marking
process with external
regulatory advisor
 Explore FDA approval
process
 Member of NVIDIA
Inception Program
 Established Agile
methodology with JIRA,
Git and Jenkins to
ensure development
team can start delivering
code
Accomplishments and Timeline
Team
Ryan Gralia
 Chief Executive Officer
 Deutsche Bank Natural Resources
M&A, completed €5bn sale of
Danisco, a Danish biological products
company, to DuPont
 Corporate Finance experience at
JPMorgan, Houlihan Lokey and
Citigroup
 Early Stage investing at Crowdcube
 Series A investor at Systemiq
 BA in Economics with Honours from
Indiana University
Adam Szucs
 Chief Technology Officer
 Rendering engineer at Bitplane in
Zurich
 Supported by EIT Digital
 Published in Institute of Electrical and
Electronics Engineers
 Pursuing PhD in Computer Science
from Eötvös Loránd University
 Relevant coding skills: Software
development (C++, C, Bash), GPU
computing (Vulkan/OpenCL/Cuda),
Real-time rendering
(Vulkan/OpenGL), Mat. optimization
Dr Mac Armstrong
 Chief Medical Officer
 Provides medical and imaging
expertise along with guidance on
implementation and business case
development
 Radiologist since Nov-07, lead
radiologist for IT purchasing.
Completed FRCR in Nov-05. Royal
Navy Medical Officer from Aug-97 to
Nov-13
 Queens' College, Cambridge, BA
1993, MB BChir 1995

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EIT Digital - Research and Development in Business

  • 1. EIT Digital Research and Development in Business Obsessed with GPUs. Expertise demonstrated in research publications and partnerships with leading players in HPC and imaging szaqaei@inf.elte.hu ǀ +36 20 930250
  • 2. Brain research program Journey to become an Entrepreneur EIT and Academia Mathematical optimization on Graphical Processing Units ELTE Doctoral Studies Innovation and Entrepreneurship Geographical Mobility – Zurich Bitplane Ag. EIT Digital Doctoral Studies Established Zeno Vision Limited during EIT Business Model and Development course Zeno Vision Limited Developed variational algorithms for selectively segmenting cells in Fluorescent images Validated business idea throughout Europe EIT Health LaunchLab 1 2 3 4 5
  • 3. Business Model 2 3 1 Direct Sales to Hospitals 1 Licensing to CT Scanner Manufacturers 2 Licensing as a Developer Tool 3 Fee per report Priced to reduce costs of admitting patients without malignant chest pain 1,500 patients per year * £350 = £525,000 per hospital License to CT Scanner manufacturers with geographic exclusivity 20% of fees charged License algorithms to software developers in various industries % of software sales negotiated on an ad hoc basis Arrakis By Zeno Vision Ltd
  • 4. Continue to build out Medical Advisory Board Identify early-adopter Radiologists who are also responsible for IT purchasing Integrate product offering into Academic teaching hospitals Market to and obtain endorsement from Key Opinion Leaders in Cardiac Radiology Leverage success with early adopters through industry conferences Journal publications citing healthcare cost- reduction and improved clinical outcomes Train sales force and radiologists to make business case to hospital purchasing boards Once critical mass is achieved, license technology with geographic exclusivity to CT Scanner Manufacturers to pre-install software Leverage success with early adopters and licensees to market product to software developers as a tool for other solutions Go To Market Strategy CE Marking and FDA Approval Required
  • 5. Jul-16 to Jun-17  Completed EIT Health LaunchLab with YES!Delft (£4,500)  Validated business idea with Philips, invited to HighTechXL Accelerator  Completed EIT Digital BDx program (£27,500)  Founded Zeno Vision Ltd in UK  Recruited Radiologist  Secured grant engineering samples from AMD (£10,000) Jul-17 to Sep-17  Recruited additional team members  Procured computing hardware outlined in materials cost sheet and completed custom development machine builds  Kicked off development project Oct-17 to Dec-17  Present first research at HUSTEF Testing Conference in Budapest  Begin patent exploration  Launch website  Close SEIS investment round Jan-18 to Mar-18  Complete IP review and identify next steps to secure patents  Identify additional hospitals to conduct tests for CE marking process Apr-18 to Jun-18  Deliver prototype  Deliver future development project plan  Deliver IP report  Complete brand and website development Jul-18 to Sep-18  Secure Series A funding (£1m)  Kick off CE Marking process with external regulatory advisor  Explore FDA approval process  Member of NVIDIA Inception Program  Established Agile methodology with JIRA, Git and Jenkins to ensure development team can start delivering code Accomplishments and Timeline
  • 6. Team Ryan Gralia  Chief Executive Officer  Deutsche Bank Natural Resources M&A, completed €5bn sale of Danisco, a Danish biological products company, to DuPont  Corporate Finance experience at JPMorgan, Houlihan Lokey and Citigroup  Early Stage investing at Crowdcube  Series A investor at Systemiq  BA in Economics with Honours from Indiana University Adam Szucs  Chief Technology Officer  Rendering engineer at Bitplane in Zurich  Supported by EIT Digital  Published in Institute of Electrical and Electronics Engineers  Pursuing PhD in Computer Science from Eötvös Loránd University  Relevant coding skills: Software development (C++, C, Bash), GPU computing (Vulkan/OpenCL/Cuda), Real-time rendering (Vulkan/OpenGL), Mat. optimization Dr Mac Armstrong  Chief Medical Officer  Provides medical and imaging expertise along with guidance on implementation and business case development  Radiologist since Nov-07, lead radiologist for IT purchasing. Completed FRCR in Nov-05. Royal Navy Medical Officer from Aug-97 to Nov-13  Queens' College, Cambridge, BA 1993, MB BChir 1995