Every entrepreneurs dream come true – a crystal ball that sees into the future and determines the success of a start-up. SRKay has unveiled the path-breaking MindMatch Algorithm can predict if a startup will be successful or not.
Based on the research by its Talent Solutions venture SCIKEY, the consulting firm said that the algorithm utilizes several human-only attributes for the prediction, which have been largely ignored by startups and funding agencies across the globe, leading to massive startup failures so far. This was revealed by SRKay at the recently held UNCTAD (United Nations Conference on Trade and Development) meeting in Geneva.
Citing famous studies that point out several reasons why startups fail, Alok Kumar, the Managing Partner of SRKay said, “78% of startups are successful due to human only factors while the failures are primarily because of ignoring these factors.”
He presented a research study in the area of entrepreneurship titled, ‘Startup Success is about MindMatch and how it can be leveraged by entrepreneurs & governments, to ensure start-up success, foster a culture of innovation and growth’.
SCIKEY’s MindMatch algorithm is focused on disrupting and transforming the way hiring is done globally, using AI & Psychology, adding a completely new dimension of predicting if a certain human behaviour will fit a given job profile. SCIKEY’s Global ecosystem owns several IPs in the field of Behaviour Analysis & Prediction.
SRKay currently invests globally and aims at achieving 80% success rate for its investments, using SCIKEY’s MindMatch which utilizes the power of AI with in-depth psychological analysis to predict entrepreneurial success at individual and team levels.
The investments are in high-potential and early-stage opportunities and businesses, alongside offering premium business advisory services to start-ups as well as established organizations.
SCIKEY, is a new age talent solutions venture, which provides a comprehensive Talent Commerce Platform where human psychology and cutting-edge technology meet to maximize the potential of talented minds most effectively. It comprises R&D centres in Europe & India, global R&D Partners, collaborations with global universities and a team of expert researchers & data scientists.
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