We invented a patented wellness device for the mass market, it is a programmable and capable of measuring a wide array of wellness panel in situ, the users exclusively own their data and monetize it on our network. The device is also capable of detecting COVI19 and performing serological tests. This technology employs in part micro-plasma based on the 2018 Nobel Prize in Physics.
Current Status
7 patents, working prototype (MVP)
Market
Global wellness market and health data estimate at TAM of more than $2T
Problem or Opportunity
40% of world have preventable life-style related illnesses costing $2T. Health and wellness data are not owned by users
Solution (product or service)
We invented a patented wellness device for the mass market, it is a programmable and capable of measuring a wide array of wellness panel in situ just from a few drops of blood, the users exclusively own their data and monetize it on our network. The device is also capable of detecting COVI19 and performing serological tests. This technology employs in part micro-plasma based on the 2018 Nobel Prize in Physics. We use this device to help people change their lifestyle and remain healthy, also monetize their data
Competitors
Fitbit, Apple, Samsung, Abbott
Advantages or differentiators
The only device for the mass market that can measure full panels of blood drops and bodily fluids at home, data is owned exlusively by the users and monetized on the blockchain
Finance
$3.5M seed fund spent to develop prototype. CAC (device) $1 - $3 Device: BOM @ $500 ASP @ $700 Cartridge: BOM @ $2 - $10 ASP @ $5 - $30 Tests/cartridge: 1 -10 Device & Kiosk Data Transaction Fee: 10% User data payback: upto $1k/month We intend to build the device in one year, at 9months we will open crowdfunding and preorders. WE should be int he black after 2 year, and in 5 years our valuation based on Reed's Model will reach $1B
Business model
Wellness device similar to Fitbit but able to measure COVID19 too
Money will be spent on
Build device for mass market (design and fabrication), develop marketplace for data monetization, and develop S/W and algo for data monetization