35133
From Sports to Medical - Wearables that Heal
Israel
Market: Medicine, Tourism, sport, Electronics, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready
Date of last change: 24.01.2019
Market: Medicine, Tourism, sport, Electronics, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready
Date of last change: 24.01.2019
Min investment
$ 100.000
$ 100.000
Idea
Smart Clothing powered by a Health Coaching App that accelerates healing and promotes pain relief.
Current Status
Functional Prototype - Device
Functional Prototype - App
Setting up Pilot Program for Testing
Functional Prototype - App
Setting up Pilot Program for Testing
Market
USA
UK
China
UK
China
Problem or Opportunity
Sports Injuries
Pain
Opioid Crisis
Pain
Opioid Crisis
Solution (product or service)
Clothing that Heals and Relieves Pain without Drugs
Competitors
Quell
iTENS
Opioids
iTENS
Opioids
Advantages or differentiators
Not TENS
Adaptive, Optimized
Smart Clothing that Heals - Comfortable and Fashionable
Adaptive, Optimized
Smart Clothing that Heals - Comfortable and Fashionable
Finance
Multiple Revenue Streams
Consumer Product
Professional Product
SaaS
Freemium
Data
Consumer Product
Professional Product
SaaS
Freemium
Data
Business model
B2C
B2B2C
B2B2C
Money will be spent on
R&D 50%
Marketing 30%
G&A 20%
Marketing 30%
G&A 20%
Offer for investor
Looking for either
A. Strategic Investor with Distribution Network for total round of $2MM (that we plan to leverage with grants to a $5MM budget)
or
B. Angel Investor for $200K up to $500K
A. Strategic Investor with Distribution Network for total round of $2MM (that we plan to leverage with grants to a $5MM budget)
or
B. Angel Investor for $200K up to $500K
Team or Management
Risks
For First Product Line - Challenges have Been Solved
For Second Product Line - Developing Conductive Stretchable Washable Ink
For Second Product Line - Developing Conductive Stretchable Washable Ink
Incubation/Acceleration programs accomplishment
No Incubator
Awarded Grant from Israel Innovation Authority for $500K
Awarded Grant from Israel Innovation Authority for $500K
Won the competition and other awards
Won Grant from Israel Innovation Authority for $500K
Invention/Patent
Patents Pending
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