Photo - MyCLNQ
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MyCLNQ

MyCLNQ - Connecting all your Healthcare Needs at fingertips

Singapore
Market: Medicine, Another, Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 21.12.2020
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Idea

Enabling a digital health ecosystem beyond hospital and clinics for betterment of community primarily for elderly and ageing population. A holistic affordable approach to get primary and home care for our needy community via AI powered digital health ecosystem.

Current Status

Our product is running in Singapore with the below traction users/customer details.
Downloads - 35000+ MAU (Monthly Active Users) - 6500+
On-boarded Healthcare practitioners
-Clinics - 200+
-Doctor's - 300+ [GP & Specialist]
-Therapist/Caregivers/Nurses - 200+
-Medical Products[Marketplace] - 500+
-Medical Transport/WheelChair Fleet - 25+
Strategic Corporate Partners
-Private Hospital - 1
-Financial Institution - 1

Market

-Huge untapped of ASIA market
-Active ageing population growth
-Elderly homes and senior care centre
-Digital Health $505 billion market
-Medical Wearable & IoT demand
-Developing and emerging countries

Problem or Opportunity

The world is ageing and
-Global population become 2X (2017 vs 1980).
-By 2050 every 1 in 5 people will be over 60 years. “Between 2015 and 2050, the proportion of the world's older adults is estimated to almost double from 900 million to 2 billion people over the age of 60.” WHO.
-Elderly people more likely to die earlier due to poor care & support. Growing chronic illness, mobility issue’s, dementia etc.

Solution (product or service)

A holistic approach towards home healthcare & primary healthcare for elderly using AI technology. Our AI enabled MyCLNQ Digital Health ecosystem has multiple vertical to address all elderly and ageing population home and primary care needs.
1) Our AI based search enabled to find best available neighborhood doctors.
2) Nurse match AI program does find best caregiver based on elderly needs.
3) Remote monitoring enabled patient to keep connected with doctor with all vital sign and necessary preventive action can be taken based on any abnormality
4) Patient centric approach enabled for individual needs of healthcare support.

Competitors

In Singapore there are indirect competitors who are providing only one or two services with higher cost such as
-DA - Doctor Anywhere - mainly TeleMedicine
-Homage - Caregiver and telemedicine
-JagaMe - Caregiver
-Speedoc - housecall and medical transport

Advantages or differentiators

We are looking holistic affordable approach to get primary and home care for ageing and elderly population. Key focused are
-Cost Effective - Affordability
-Preventive care - Journey towards preventive care by doing continuous remote monitoring.

Finance

Revenue Streams are mainly
-Pay as you Use - Transactional based 10-15%
-Subscription - Monthly for services
-Subscription of adopting remote monitoring package
-AMS - Annual Maintenance support for SME/Corporates

Business model

Business model
- It is B2B & B2C
-B2B would be "Pay-As-U-Use" or subscription model based on the module or service they choose
-B2B - SME/Corporates can choose Employee full care/Preventive care package and that combine per user and AMS (Annual maintenance support)
-B2C - Individual can buy the devices and opt for self remote monitoring package

Money will be spent on

Marketing - 50%
Product Development - 20%
Operational Cost - 25%
Others - 5%

Offer for investor

5-35% of equity

Team or Management

Risks

Technology disruption & Regulatory changes

Incubation/Acceleration programs accomplishment

UNDP & Draper University HealthTech Accelerator program. It was 2 weeks online from 2nd - 17th Dec 2020.

Product Video

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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