Photo - smedo GmbH
41220

smedo GmbH

world‘s most advanced contactless biometrics

Germany
Market: Medicine, Services, Electronics, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 26.09.2019
Min investment
$  500.000
Total required
$ 2.000.000
Rating
equalizer 171 из 1000
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Idea

We have developed a technology that makes it possible to measure vital signs with no physical or optical contact within an estimated distance of up to 7 meters to the target.

Current Status

founded, trademark registered, hired employees, MVP (chip) is ready & works, PoC is done, medical certification process has started.

Market

B2B - as a reliable and cost-effective replacement for ECG systems

B2B - assisted living for elderly people with the freedom to move without cabling by monitoring 24/7 with our cutting-edge technology, saving time to nurses thanks to fully automatic report system.

B2C - Baby Monitoring system keep track of babies vital signs especially during night, giving the possibility to alarm and prevent SIDS

Problem or Opportunity

babies are under a risk of SIDS (sudden infant death syndrome)

ECG needs wires, papers and HR

patients in hospitals needs to be wired and are tho limited in their movements

elderly people want to stay and live at home as long as it is possible but
cannot due to lack of necessary monitoring

Solution (product or service)

Smedo provides maximum freedom and comfort for personnel and patients
and delivers accurate vital data with zero disruption.
No wires, no restrictions, no effort. Smedo supervises defined areas and monitors the biometrics.
Acoustic or digital alarms as well as insightful reports can be triggered when and where needed.

Competitors

manufactors of known baby monitoring systems with cameras

ECG manufactors

Sensors for assisted living (fall detection, alert buttons etc.)

Advantages or differentiators

For baby monitoring: We can track vital signs without cabling, giving the safety to parents that they are able to act in emergency cases

for ECG: Supplying a highly cost-effective, contactless cable-free ECG system to monitor vital signs 24/7 without HR interacting

Assisted living: Continuos tracking of vital signs can predict heart attacks and even epileptic attacks by pre-measuring them up to 30 minutes before they even happen. Adding fall detection and alert function without wearing any device.

Finance

For Baby Monitoring system (first go-to-market solution):
Fully calculated retail price is targeted at below €200,- per device.
Revenue for first test batch (5.000pcs) is €750k at batch costs of €350k (calculated conservatively)

medical cerification is at maximum of €500k (all contacts been made)

Business model

we follow a revenue modell through device sales in addition with a software package (monthly fee/sub)

Money will be spent on

€ 500k medical ISO approval (14 months)
€ 300k sensor & software finalization
for baby monitoring (6 months)
€ 450k production preparation (6 months)
€ 350k 1. batch manufacturing, 5.000 pcs

Offer for investor

We offer 20% shares. We are open for discussions.

Risks

local authorities may delay permission for frequency usage in some target countries
Development may be delayed due to lack of investment. Entrance into market may be delayed so other developing companies may be the first to market then.

Incubation/Acceleration programs accomplishment

none

Won the competition and other awards

just started pitching, not heading to win awards at pitching events usually

Photos

Photo 1 - smedo GmbH

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