Photo - The Why Corporation
46695

The Why Corporation

Medex3D

South Africa
Market: Medicine, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 04.05.2020
Rating
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Idea

Medex3D is a “hospital solution in a box” that provides a high-quality 3D printer, a mobile platform with library of useful medical products and devices for printing in the hospital, clinic or healthcare facility including a degree of managed services. It can assist healthcare workers fighting the COVID-19 pandemic with PPE incl. 3D printed masks, visors etc without any knowledge of 3D printing. We have also added content from orthopaedics, prosthetics, training, medical assistive devices and water & sanitation.

Current Status

Pre-seed

The founders have already invested over $165 000 on developing the mobile application - currently used in the education space with a number of schools and households (called Why Toyz). This platform has been repurposed for healthcare and integrated into industrial grade 3D printer (can be integrated into any 3D printer anywhere).

Market

Healthcare facilities

Problem or Opportunity

Empower clinics and hospitals to safeguard healthcare workers through self-managed 3D print-on-demand PPE supplies – plus a range of other general hospital supplies often in short supply in low and middle-income country healthcare systems

Solution (product or service)

Medex3D empowers clinics and hospitals to secure their stocks of equipment, including much needed PPE supplies by accessing our online, real time global catalogue of a broad range high quality supplies relevant to a hospital setting, for example - prosthetics, orthopaedics, assistive devices, general medical, water & sanitation and even facilities management supplies.

Competitors

Traditional local and global supply chains

Advantages or differentiators

The ability of traditional supply chains to provide agile solutions to health care facilities - cost and localisation issues

Finance

Our financial plan can be obtained on request (NDA signed)
IRR (without TV) - 141%
Payback period - 2,248 years

Business model

Can be obtained on request (NDA signed)

Money will be spent on

Platform hardening and embedded security
Content development
Legal fees
Operationalising the business

Offer for investor

10% equity

Team or Management

Risks

1) Legal - provision for 3D printed products in hospitals specifically with critical (life saving products)

2) Areas with poor data coverage / internet connectivity

Incubation/Acceleration programs accomplishment

Completed the Investment Readiness Seedstars Programme

Won the competition and other awards

Our platform has won:
1) The best Edutech Startup Award South Africa 2019
2) The best Edutech Startup Award Southern Africa 2019
3) Seedstars Johannesburg

Placed in semi-finals in Global Edtech Startup Awards 2019

Invention/Patent

Protection of IP of designers in additive manufacturing
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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