Join Startuprad.io, the authority on the DACH region’s vibrant startup ecosystem, for an exclusive interview with Karl Stoklosa, CEO of PRECISIS, a healthcare startup revolutionizing epilepsy treatment through cutting-edge technology. In this episode, we explore how PRECISIS is leveraging its groundbreaking EASI System—the world’s first minimally invasive brain pacemaker—to improve the lives of epilepsy patients worldwide.

1. Karl Stoklosa’s Leadership Journey: From an Executive MBA at the University of Chicago Booth School to leading a disruptive healthcare startup, Karl shares insights into his 20+ years of experience in the medical device industry, spanning roles in neuromodulation, cardiac rhythm management, and global healthcare marketing.

2. The Global Epilepsy Challenge: With 50 million epilepsy patients worldwide and 30% classified as drug-resistant, the need for innovative solutions is critical. Discover how PRECISIS is addressing this gap with the EASI System, providing safer, more effective alternatives to invasive surgeries and medications.

3. The EASI System’s Impact: Learn about this state-of-the-art neuromodulation device, its minimally invasive design, and its ability to reduce seizures by 50% or more for most patients. With features like manual stimulation for oncoming seizures and MRI compatibility, the EASI System sets a new standard in epilepsy care.

4. PRECISIS’ European Success: PRECISIS has achieved market approval in key European countries, including Germany, Austria, Switzerland, the UK, and Portugal, and is scaling its commercial operations.

5. Expansion into the U.S. Market: With FDA breakthrough designation, PRECISIS is preparing for clinical trials in the U.S., showcasing its ambition to become a global leader in medical device innovation.

Love what you hear? Share this episode, leave us a review, and subscribe to Startuprad.io to stay updated on the latest from the startup ecosystem in Germany, Austria, Switzerland, and beyond!

• Original Blog Post: https://www.startuprad.io/blog/innovating-epilepsy-treatment-with-precisis-a-healthcare-startup-revolutionizing-technology

• Work With Us: https://www.startuprad.io/become-a-partner

• Subscribe: https://linktr.ee/startupradio

• Give Feedback: https://forms.gle/SrcGUpycu26fvMFE9

• Follow the Editor-in-Chief: Jörn Menninger on LinkedIn

Special Offer: Startuprad.io listeners can create two free SEO-optimized blog posts per month with ModernIQs.com. Sign up now to claim this exclusive deal!

In this episode of Startuprad.io, we delve into the AI Act, the European Union’s pioneering legislation aimed at setting clear and ethical standards for artificial intelligence across all sectors. With compliance deadlines approaching in 2026, the AI Act introduces a structured framework to assess and mitigate the risks posed by AI systems, impacting both established companies and emerging startups.

Join our host, Joe Menninger, as he welcomes Andrew Gamino-Cheong, CTO of Trustable, a leading AI governance software company.

1. Understanding the AI Act’s Risk-Based Framework
   The AI Act categorizes AI systems by risk levels—Unacceptable, High, Limited, and Minimal or No Risk. Joe and Andrew break down what these classifications mean for businesses and discuss why certain applications, like real-time biometric surveillance, are banned while others are simply regulated.

2. Transparency and Accountability Requirements
   Discover why transparency is crucial under the AI Act. From documenting data sources to maintaining thorough audit trails, companies need to be upfront about how AI models are built and used. This episode discusses the new standards of accountability and how businesses can adapt to this framework without stifling innovation.

3. Challenges of AI Compliance and Shared Responsibilities
   The AI Act’s structure requires both AI developers and deployers to uphold compliance standards. Andrew explains what companies must do to ensure they meet these obligations, including the need for frequent testing and updates to AI models to mitigate risks.

4. What the AI Act Means for Entrepreneurs and Startups
   Smaller organizations may face significant hurdles in meeting the Act’s requirements, but Andrew shares insights on how startups can turn compliance into a competitive advantage. This episode is packed with tips on implementing AI responsibly, with compliance not only as a requirement but also as a selling point to potential customers and investors.

5. The Global Implications of AI Regulation
   As the EU takes the lead, other regions are watching closely. The AI Act may serve as a blueprint for future AI laws worldwide, potentially setting a global standard. Joe and Andrew discuss the similarities and differences between the EU’s AI Act and U.S. initiatives, like recent executive orders, and what this means for companies with international operations.

• Read the Full Blog Post on This Episode: https://www.startuprad.io/blog/the-ai-act-how-europe-s-new-regulation-shapes-responsible-ai-development

• Learn More About Working with Us: https://www.startuprad.io/become-a-partner

• Subscribe to Startuprad.io: https://linktr.ee/startupradio

• Send Us Your Feedback: https://forms.gle/SrcGUpycu26fvMFE9

Special Offer: Startuprad.io listeners can create two free SEO-optimized blog posts per month with ModernIQs.com! Sign up using this exclusive link: https://moderniqs.com/create-an-account/?res_aff=startupradio (Note: Make sure to subscribe through the link for your free posts.)

Welcome to the October 2024 edition of "This Month in German, Swiss, and Austrian Startups," where we bring you essential insights into the GSA startup ecosystem. Join hosts Jörn “Joe” Menninger and Chris Fahrenbach as they unpack the month’s top stories, from groundbreaking funding rounds to unicorn achievements and major pivots in tech and innovation.

Episode Highlights:

1. Lilium’s Financial Struggles and eVTOL Innovation Setbacks
This month, the NASDAQ-listed eVTOL pioneer Lilium, based in Germany, navigates financial challenges, pursuing self-administered bankruptcy due to funding constraints. Although recent setbacks impacted its market valuation, Lilium’s story represents the high-stakes reality of aerospace tech, where R&D costs often create financial risk. Discover the unique challenges that innovators in sustainable aviation face and Lilium’s hopes for a future in clean transportation.

2. Egym and Orderfox Join the Unicorn Club
In major achievements for the healthtech and AI sectors, German fitness tech company Egym and Swiss AI-driven industrial procurement firm Orderfox each attained unicorn status this October. Egym’s valuation now exceeds $1 billion, fueled by tech advances that position it toward IPO readiness. Orderfox, leveraging AI to optimize industrial processes, underscores the GSA region’s strength in practical, data-driven solutions. Learn how these companies reached new heights and the impact of their technologies on health and industrial sectors.

3. Austria’s Gropyus Secures €100 Million for Sustainable Housing
Austrian startup Gropyus made waves with a €100 million investment to expand its modular, timber-hybrid housing production. With a mission to address Europe’s housing crisis through sustainable materials and design, Gropyus embodies the shift toward green construction tech. This investment supports their scalable model of eco-friendly housing solutions, meeting the demands of an evolving market.

4. EU’s Deep Tech Initiative with Trusted Investors Network
In a strategic move to elevate Europe’s role in global tech, the European Union launched a deep tech support network, collaborating with over 70 venture capital firms in the Trusted Investors Network. Aiming to close the technology gap with global leaders like the U.S. and China, the EU’s partnership initiative highlights Europe’s vision for advancing fields like AI, biotech, and sustainable energy.

5. SolarisBank’s €178M Loss and Restructuring Efforts
German fintech SolarisBank reported a €178 million loss, announcing job cuts and a restructuring to regain profitability. The company’s experience is indicative of the broader European fintech scene, where scaling comes with financial pressures. Discover how Solaris is adapting its strategy in the competitive fintech landscape, aiming to enhance operational efficiency.

📍 Useful Links:

• Original Blog Post: https://www.startuprad.io/blog/this-month-in-german-swiss-and-austrian-startups-october-2024

• Work with Us: https://www.startuprad.io/become-a-partner

• Subscribe: https://linktr.ee/startupradio

• Give Us Feedback: https://forms.gle/SrcGUpycu26fvMFE9