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Personal Devices - Exoskeleton, Distress Signal Senders, Orthoses, Braces


Project No: #19024
Capital needed
EUR 850,000
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Minimum investment per investor: 10000
Country: Norway
State: Vest-Agder
Reason for needing Capital: Working Capital
Stage: Pre-Startup
Ideal Investor Role: Equity partner
Highlights: * First product to launch at the turn of 2018/2019. Prototype's been tested.
* US$300 Million market in Norway. US$ Billion market globally.
* After-sales services with subscriptions and licensing agreements.
* Experienced team with global successes in the development of new products.
* Products thoroughly consulted with a medical professional.
* Huge potential to build a global network of subscription customers.
What you offer to investors?: We prefer investments in exchange for equity. Nevertheless, debts, convertible notes etc. will be considered as well.
We aim to raise €2.5M in total, however, to speed up with 2 products, €850k is our initial goal.
The investment could be repaid within 3 years.

PERSONAL EXOSKELETON
* The exoskeleton market is expected to accelerate reaching $4 Billion by 2025 with CAGR of 50%.
US$300M market in Norway.

* Proof of concept is verified. Technical assumptions are determined. Patent documents are being completed. 
The research is done. No dead money for that part of the project. Now we need to build a physical model of the Device.


THUMB BRACE
* Thumb arthritis market is predicted to grow reaching at an approx. CAGR of 8.1% by 2023.
* €6M worth market in the Nordic countries; €77M in the United States.

Proof of concept and prototypes have been verified and tested during last 5 years. Core component for MVP test in the market is ready.


DISTRESS SIGNAL SENDER
* Market size in Norway is €15M. Institutional clients operate globally in 90+ countries with thousands of employees and millions of their own customers.

* Prototype of our another similar device from that group has been tested. We're redesigning it in order to meet the criteria for repositioning. 


KNEE ORTHOSIS
* In 2016, the global orthopedic braces and supports market was valued at US$3.3 Billion, and now is expected to reach US$5.4 Billion by 2025, expanding at a CAGR of 5.4% by 2025.

* The concept of this device is based on the technical assumptions determined for our Personal Exoskeleton.


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