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UniExo

Is modular robotic exoskeleton for rehabilitation.

Ukraine, Kyiv city
Market: Medicine, Robotics, Gadgets , Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 16.02.2019
Min investment
$  100.000
Total required
$ 1.500.000
Rating
equalizer 431 из 1000
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Idea

Our personalized physical rehabilitation solution is modular robotic exoskeleton UniExo under control machine learning algorithms and doctor surveillance. Once you make the first move, it assists you according to the activity.
For example, it will help push you up when you lean to stand up, or it will slowly support you when you are sitting down. Doctor see information about health in real time and can help in work time, after this time, algorithms tracking all process, and inform doctor online for update personalized course rehab or assist of movements.

Current Status

1. 80 successful closed tests in clinics and rehab centers in Ukraine, Hong Kong, Austria.
2. recently, along with UNICEF, there was a take-over where founder talked about the UniExo robotic exoskeleton story with a grandmother, our mission and where we are striving and how we can promote UniExo together for potential investors. On top of that, David Beckham family liked of UniExo, which was an unexpected surprise for us and we in conversation about future marketing program. https://www.instagram.com/p/BpZGayMFDXW/
UniExo pleased that UNICEF Ukraine and UNICEF for starting our partnership for startup, since one of the types of exoskeletons is aimed at rehabilitating children with difficult but also difficult cases that occur in children. Because this is our next generation and it must grow healthy and safe, which we personally try to adhere to and also make our devices comfortable and safe for use.
3. We have 30 clients who active users, it's approximately 1% of main market exoskeletons, it's good opportunity for our future grows. Also our team received positive results from 25 device for private client, it's good news for us.
4. Dialogue with WHO for cooperation about elderly people and assisting service with exoskeletons.
5. YCombinator startup school, health track.
6. Our startup was choose as one of innovation Dubai Health Forum 2019.
7. Also UniExo was selected for Dubai Innovation Month 2019 from small number of Ukrainian startups.
8. Working on service for UniExo.

Market

The market for physiotherapy services and products will reach $ 165.73 billion by 2023. This is a related industry with exoskeletons and one of two branches of UniExo.
As of 2018, global shipments stand at 7 thousand units with a global hardware revenue of US$192 million. But, this is all expected to change very rapidly, with total shipments expected to reach over 91 thousand by 2023 and 301 thousand by 2028. Global revenue from exo-devices will grows US$5.8 billion in 2028, according to ABI Research, a market-foresight advisory firm.

Problem or Opportunity

My specialism was robotics. So when my grandmother lost movement in her right hand four years ago, I was determined to help. Iron Man 3 was just hitting cinemas and I saw the modular suit of Tony Stark. I realized that a modular exoskeleton could help her, not only to move her hand again but to rehabilitate it.
People in Ukraine have limited access to devices of rehabilitation in clinics. Anton was inspired by Iron Man movie, which helped him create his own technology of modular exoskeleton. It has helped greatly to his grandma and a few other people he tested it on during the rehab process.

Solution (product or service)

Our personalized physical rehabilitation solution is modular robotic exoskeleton UniExo under control machine learning algorithms and doctor surveillance. Once you make the first move, it assists you according to the activity. For example, it will help push you up when you lean to stand up, or it will slowly support you when you are sitting down. Doctor see information about health in real time and can help in work time, after this time, algorithms tracking all process, and inform doctor online for update personalized course rehab or assist of movements.

Competitors

First competitor is suitX www.suitx.com. but the move to production industry. Second competitor exoskeleton ReWalk rewalk.com, which provides active movement of the hips and knees to people with spinal cord injuries (SCI) for them to be able to stand, walk and turn. The price of their device is about $85,000.
Third competitor is Ekso Bionics with a price of about $ 100,000 www.eksobionics.com/ekso
It is similar in functionality and design to the mentioned above. Similar devices used in medical centers are: Armeo www.hocoma.com/en/products/armeo/ Also ReoGo ™ Robotic Therapy www.pattersonmedical.com/app.aspx

Advantages or differentiators

First innovative it's modular construction of device, not need stationary equipment and lot assistance.
Second, not need additional assistance of doctors every time, device in remote doctor's supervision.
Third, machine learning algorithms helps track health, also self-work with doctor to change programs of rehabilitation and send notification of changes without additional helps of people.
Fourth, all our competitors do not have a cloud service for exoskeletons, through which errors can be corrected, or software can be reconfigured of device. The main part is done with the help of a specialist, if the device fails, it is dangerous enough for the patient and need long term wait of repair. Thanks to our experience with clients and doctors' recommendations, we are working on the "UniExo rehab-service" which will allow the modular exoskeleton to contact in case of unforeseen circumstances, program errors or device breakdowns fully automatically, correct the error if possible, and continue working the device.

Finance

For explain details, please contact with founders.

Business model

We working with B2C model for private clients from 2017 year and sale exoskeletons with service and technical support. It helps us to make a profit for our startup, it can also be a profit in future, we will move to provide time use of device with intelligent service.
We want move to B2B model for enter to market.Our company are not limited to: insurance companies, private clinics, medical clinics. We have been targeting a number of layers of monetization, and we’ve been targeting various layers of the economy. Time use of device for limited period, it's good opportunity for many categories of people, who won't buy expensive exoskeletons but need for rehabilitation or assist of movements during per week or month.

Money will be spent on

For 100 next devices, developing of commercial products, new sales for private and corporate clients in Hong Kong, UAE, France. Expand for new market and open sale offices.

Offer for investor

We can talk about investment pool.

Risks

Yes, it's will be need for FDA approve as class II. We have two examples approve of Ekso Bionics and HAL 5 in this year, and they successful achieved this document, we think for us it's also can easy way with FDA.
Our founder found out in Washington communicating with FDA consultants on the issue of exoskeletons, the easiest is assisting exoskeleton devices, they do not require long licensing and can fit into the category of fitness devices and robotic assistants. Longer term is with stationary devices, since much more tests and resources are needed to get confirmation of what our competitors are doing.

Incubation/Acceleration programs accomplishment

CUBE Connect business dev program
SABIT program Department of Commerce USA
HKSTP & Siasun robotic acceleration program
YCombinato startup school, health track

Won the competition and other awards

Finalist and winner of the European Youth Award in the category "Healthy
Life"
Winner of Presidential Foundation Leonid Kuchma "Ukraine"
Winner Reader’s Pick Award in Global Robot Launch 2016 competition
Bits & Pretzels 2017
Winner award of competition for startups in robotics “Robot Launch 2017”
Finalist in CUBE Tech Fair 2018
Viva Technology 2018, one of TOP-5 innovations.
UNICEF Innovation 2018
Dubai Health Forum 2019, one of TOP innovations

Invention/Patent

TM in process of registration.
In process for USA patent of modular construction of exoskeleton.
Algorithms it's key commercial secret of UniExo, we not sale this.

Photos

Photo 1 - UniExo
Photo 2 - UniExo
Photo 3 - UniExo
Photo 4 - UniExo
Photo 5 - UniExo

Product Video

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address