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4.4 Engineers As Majority 4.5 Age Of Startups Another data set that gave an interesting insight, was how long the teams were working on their startup before applying. Granted, accelerator programs are specifically designed for early-stage companies ready to scale, yet almost 40% of the companies had been working on their solution for between 6-12 months while another 30% reported to having been working on their business for 1-2 years prior to applying. Only 6.98% of the companies working on their business for more than 2 years. It’s the team that makes or breaks young startup companies. The average team size for the 100 startup companies reviewed was 5.4 members, of which just over 60% ENGINEERS 60% were engineers. This figure is slightly higher Less than 6 months compared to data from other programs, where the average proportion of engineers per team 6 - 12 months is 58%. MEMBERS PER TEAM 5.4 1 - 2 years 2 - 5 years 14 15

Intel + SBC | Startups: The New Kings On The IoT Block [INTERACTIVE] - Page 10 Intel + SBC | Startups: The New Kings On The IoT Block [INTERACTIVE] Page 9 Page 11