19398
Youwalk Today
USA, Oregon
Market: Medicine
Stage of the project: Prototype or product is ready
Date of last change: 30.05.2017
Market: Medicine
Stage of the project: Prototype or product is ready
Date of last change: 30.05.2017
Idea
Youwalk Today design has been tested and proven to improve the patients rehabilitation efficiency by its unique combination of the wheelchair with the walker mobility aid.
Current Status
Product ready, pre-sales started, first 30 wheelchairs were manufactured
Market
Youwalk Today, Inc. will target two primary markets:
• Individuals - Mainly elderly, but also to adults of all age groups who sustained injury and are regaining their ability to walk.
• Institutional clients: - Hospitals, rehabilitation centers, assisted living facilities and medical clinics.
We have the commitment from 8 highly experienced sales managers, who will be managing 8 sales regions across the US and supervise over 120 sale people.
• Individuals - Mainly elderly, but also to adults of all age groups who sustained injury and are regaining their ability to walk.
• Institutional clients: - Hospitals, rehabilitation centers, assisted living facilities and medical clinics.
We have the commitment from 8 highly experienced sales managers, who will be managing 8 sales regions across the US and supervise over 120 sale people.
Problem or Opportunity
Bedridden patients loose their exercise tolerance. Patients with stroke or trauma have two strikes against them; for superimposed on the generalized weakness are structural incoordination and focal weakness.
When the patient fatigues, another assistant quickly follows with a wheelchair to “scoop” the patient up. One or two scoops later, the patient is returned to his bed.
When the patient fatigues, another assistant quickly follows with a wheelchair to “scoop” the patient up. One or two scoops later, the patient is returned to his bed.
Solution (product or service)
Youwalk is a rehabilitation device that assists you in the recovery of ambulation. It has safety features built in to keep you from falling. A safety strap that will catch you if you become weak and were to stumble or fall. The front skip pads gives additional stability while learning to walk again. The rear casters improves maneuverability, allowing you to get around and the large wheels gives you the independence in being self mobile.
Competitors
Youwalk has no direct competitors. Just few other types of devices that can act as substitutes:
MJM Walker Transfer Chair. No breaks on handlebar. No footrests. Not comfortable for long use.
2 in 1 Walker & Wheelchair or Stool. Do not safeguard against falling, patient needs to turn or walk around the device to change between sitting and walking, cannot be used as a wheelchair and cannot be used for anyone who is chair bound or bedridden.
MJM Walker Transfer Chair. No breaks on handlebar. No footrests. Not comfortable for long use.
2 in 1 Walker & Wheelchair or Stool. Do not safeguard against falling, patient needs to turn or walk around the device to change between sitting and walking, cannot be used as a wheelchair and cannot be used for anyone who is chair bound or bedridden.
Advantages or differentiators
Youwalk Taday is a new and innovative product that currently has no direct competitors.
It took Youwalk Today to look at the ambulatory rehab process with new eyes. That’s why a walker and a wheelchair are combined. When the patient is ambulating with the Youwalk, a sitting motion backward places him into the wheelchair. The patient can rest and carry on activities. When rested, he can try ambulating with the walker again.
It took Youwalk Today to look at the ambulatory rehab process with new eyes. That’s why a walker and a wheelchair are combined. When the patient is ambulating with the Youwalk, a sitting motion backward places him into the wheelchair. The patient can rest and carry on activities. When rested, he can try ambulating with the walker again.
Finance
Current Funding Round
Early Stage ( Series A,B)
Seeking (investment target)
600000 USD
Type of Equity
Common Equity, Ordinary Shares
Pre-Money Valuation
4000000 USD
Funding History
Founders – 200000 USD
Early Stage ( Series A,B)
Seeking (investment target)
600000 USD
Type of Equity
Common Equity, Ordinary Shares
Pre-Money Valuation
4000000 USD
Funding History
Founders – 200000 USD
Business model
Retail price of YouwalkTM for individual customers at $1999; medical professional institutes - $949
We plan to sell 25% of our devices to institutional customers and 75% to individual. Our pricing leads to a 25% net profit margin.
Though the price of a YouwalkTM is on the higher end, we believe that the fact that customers will be eligible for re-imbursement due MD prescription
will make the price factor negligible.
We plan to sell 25% of our devices to institutional customers and 75% to individual. Our pricing leads to a 25% net profit margin.
Though the price of a YouwalkTM is on the higher end, we believe that the fact that customers will be eligible for re-imbursement due MD prescription
will make the price factor negligible.
Money will be spent on
Use of funds
1. Continue clinical trials of the product and clinical statistic building;
2. Extension of the manufacturing capacities
3. Marketing campaign and direct sales
4. Youwalk website development
5. Development of the Version 2,3
1. Continue clinical trials of the product and clinical statistic building;
2. Extension of the manufacturing capacities
3. Marketing campaign and direct sales
4. Youwalk website development
5. Development of the Version 2,3
Offer for investor
15% shares for $600K
Team or Management
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