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A personal exoskeleton by Benedics

Project No: #18715
Capital needed
EUR 2,000,000
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Minimum investment per investor: 50000
Country: Norway
Reason for needing Capital: Working Capital
Stage: Pre-Startup
Ideal Investor Role: Equity partner
Highlights: *First of its kind, an innovative exoskeleton device, pioneering in the market.
*After-sales services.
*$300mln market in Norway.
*Several side products to be launched before the main product.
What you offer to investors?: We are offering equity in Benedics.

Our focus is the general consumer market globally (revenue model: retail, e-tail, subscriptions, leasing).

In the age of humanoid robots, there is a large market of people, especially in elderly or anybody after injuries or long hospitalization. Some of our products are addressed to both: households and the industry.

Imagine that you're getting weaker. Whether due to age or after a long hospitalization, complicated surgery, or even stay in a state of invalidity. Your legs are not as efficient as they used to be. You feel tired quickly, you cannot go for a longer walk. You struggle with your disabilities and weakened body when you go shopping or to the nearest park. You do not have this strength and endurance in your legs any more. You cannot go down or climb the stairs, and getting in or out of the car is also a challenge for you.
Look around and answer yourself how many people, as mentioned above do you see? What do they use now to help themselves? Crutches, rollators, scooters, wheelchairs, accompanying person?
Now imagine, that you have a device that solves the above problems and which gives you comfort of its use and your independence, in each of the above situations.

This is actually entering the new, unsaturated market, where the competitors focus on a very tight audience.
In our case, the target market is of other order of magnitude.

We aim to raise €2,000,000 (two million EUR) in order to get our exo product to the market. This will throw a new light on exoskeleton industry on a global scale.
Therefore, we're looking for a business angel who can help us to develop the company and this business.
We are offering equity in the company. 

* IPR applications (brand names and trademarks; submission of patent application for the exoskeleton device).
* Development of an assembled functional model given to work on control system - within 19 months).
* Development of specific systems for control and power management.
* IPR application and commercialization of the side products - the first one to be launched during winter 2018.

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