![]() ![]() They take engineering PhDs and put them through an intensive 6-week course to flesh out their data science skill set. Whereas Data Elite is focused on teams and products, The Data Incubator is focused solely on people. Its first class of startups, announced in May this year, include a “reinvention of the professional address book”, a data visualisation platform which maps personal data, and a consensus opinion aggregator which analyses millions of pieces of content. ![]() They receive at least $150,000, office space in San Francisco, and guidance from a crack team of mentors from Facebook, LinkedIn, Couchbase, Actian, Qubole and more. Data Elite have received hundreds of applications, but for the successful handfull of teams, the benefits are extensive. Getting out of bootstrap mode and in to Data Elite is no mean feat getting in to the programme requires five years big data experience, or a data-related exit amongst the founding team. Data Elite Data Elite was founded to fill what its founders perceived as a gap in the big data market according to a company statement, “Despite the plethora of early stage funds & incubators, so far entrepreneurs that are experts in big data have avoided those vehicles rather, they most often attempt to bootstrap their companies on their own.” Whether you’re looking to take the next step with your million-dollar big data business idea, or just curious to know more about the freshest ideas in data science, our list of the Top 5 Data Science Accelerators is a great guide to current innovation in the field.ġ. Luckily, for the technical genius whose business acumen leaves something to be desired, there’s a new breed of startup accelerators, specifically targeted towards giving your data science innovation the best possible start. When it comes to founding a data science startup, a visionary idea is essential, but so is hiring the right team, gaining an in-depth knowledge of your market, and putting in place the best business practices to help your idea flourish. Unfortunately, one great idea does not make a successful company. ![]()
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