Photo - ZIVE
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ZIVE

Help people with heart problems live calmly and comfortably

Lithuania
Market: Medicine, Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 25.09.2020
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Idea

We help people with heart problems to live more calmly and comfortably.
Providing real time heart ECG Data anytime, anywhere and alerts to rapid, potentially hazardous changes of Your heart, by the telemedicine and AI solutions.
AI based long term ECG data analysis with disease prediction.

Current Status

What is done
• Developed a small lightweight smart electronic device (hardware).
• Device CE certified Class II Medical grade ECG recorder.
• Real time ECG display on smartphone.
• Real time ECG display via web browser.
• ECG viewer for detailed ECG examination.
• Option to send the data to physician for analysis.

To be done
• Real time data analysis and report to patient.
• AI based long term data analysis with disease prediction.
• Telemedicine solution for long term monitoring.

Sales are scheduled to start in 2022 in the EU

Market

Approximately 2 percent of people younger than 65 years old have AFib, while about 9 percent of people ages 65 and older have it. This is for only one type of arrhythmia which could lead to stroke, there PAC, PVC and other which not as dangerous as Afib, but still bothersome.
Global market can be about 200 – 400 million potential customers.
Our target is the smart consumers who cares about their health.

Problem or Opportunity

Problem
People, who experience heart palpitations, cannot live in peace, they feel fear, but cannot capture these events data and share with a cardiologist.
Cardiovascular diseases (CVDs) are the number 1 cause of death globally: more people die annually from CVDs than from any other cause. An estimated 17.9 million people died from CVDs in 2016, representing 31% of all global deaths. Of these deaths, 85% are due to heart attack and stroke. (World Health Organization)
Abnormal cardiac events are not recorded as no medical grade devices are available for long term monitoring at home and in normal life activities.
Aging society will require more home care and monitoring
Cardiac diseases are left undetected or detected only at a late stage
Covid 19 demonstrated the need for home based telemedicine solutions

Solution
Zive ECG - inexpensive, easy to use, medical certified heart monitoring devices for the home use.
Simply put Zive ECG strap on and start monitoring. Launch Zive APP and get instant AI based analysis of Your ECG in real time.
Zive ECG could be common at home as blood pressure monitor or body thermometer.

Solution (product or service)

Simply put Zive ECG strap on, and start monitoring. Launch Zive APP and get instant analysis of Your ECG in real time.
- CE sertified medical grade ECG recording.
- Real time ECG display on smartphone or via web browser.
- Real time data analysis and report to patient.
- AI based long term data analysis with disease prediction.

Competitors

Competitors are discussed in our pitch.
Our indirect competitors are Holter monitors
Our competitors are Qardio https://www.getqardio.com/ and Alivecor https://www.alivecor.com/

Advantages or differentiators

Medical CE certificate

Finance

Hybrid revenue model:
Direct device sales to customers (Amazon, Ebay, etc)
Affiliate Marketing
Subscription services
Services for medical institutions (post hospitalization services, telemedicine, etc)
Services for specialized medical institutions (sports, military, rehabilitation, etc)
Scientific research (interdisciplinary research, clinical trial monitoring, etc)

Business model

Inexpensive, easy-to-use, medical-certified heart rate monitoring devices for the home use.
ZIVE ECG could be common as home as blood pressure monitor or body thermometer.
Direct sales to consumers.

Money will be spent on

250000 Eur co-financing for 800000 Eur project:
• Real time data analysis and report to patient.
• AI based long term data analysis with disease prediction.
• Telemedicine solution for long term monitoring.

750000 Eur preparation for trade: warehousing, marketing, distribution ...

Offer for investor

25%

Risks

Financing risk - the need for working capital may increase after the start of trading.
Service in the native language need in EU Member States

Incubation/Acceleration programs accomplishment

Project with partial state support 360000 Eur

Won the competition and other awards

World Summit Awards national winner

Photos

Photo 1 - Help people with heart problems live calmly and comfortably
Photo 2 - Help people with heart problems live calmly and comfortably
Photo 3 - Help people with heart problems live calmly and comfortably
Photo 4 - Help people with heart problems live calmly and comfortably
Photo 5 - Help people with heart problems live calmly and comfortably
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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