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MARKBOTIX

We develop assistive robotics.

USA, California
Market: Robotics
Stage of the project: Idea or something is already done

Date of last change: 28.03.2024
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Idea

Our Assistive robot GRACE will help people with mobility challenges and redefine caregiving by reducing the risk of falls, caregiver burnout, and hospital readmissions.

Current Status

We have over 120 LOIs and growing. We built a prototype and tested it with over 200 people. Our letters of intent are from individual users, assisted living facilities, and US Air Force personnel.

Market

Our customers are people with mobility challenges, elderly and people with disabilities, who need caregivers to go about his/her day. Caregivers are also our customers.

Problem or Opportunity

People with mobility challenges are at risk of falls, and $50 billion is spent yearly on medical costs related to fall injuries. Between the severe needs for long-term services and support within the aging population and their desire to stay in their homes as they age, the need for caregivers is increasing. Unfortunately, there's a national caregiver shortage and a turnover rate of 65%.

Solution (product or service)

The future of healthcare is actively being reimagined as we speak and through our extensive market tests, MARKBOTIX developed the Ground Robotic Assistant for Care Enablement, or GRACE, to assist individuals in performing various daily tasks safely and independently. GRACE is a fascinating robotic solution that can change the standard of care. It will eliminate the risk of falls, improve accessibility, and reduce caregiver burnout. It will sense emergencies and alert the proper individuals. Through GRACE, caregivers and family members will enjoy an improved quality of life.

Competitors

MOXI from diligent robotics, Aeo from aeolus, and labrador systems

Advantages or differentiators

GRACE is a radical innovation that can change the standard of care in hospitals and homes. GRACE is the only non-humanoid robot that follows universal design principles. It is also the only one that allows for real-time video and audio interaction and remote operability. We are also providing an affordable solution compared to our competitors, with easier options.

Business model

Robot as a Service business model.
Channels are: direct to consumer, independent/assisted living facilities, Value added resellers, government.

Money will be spent on

25% software development
25% Electromechanical design and development
20% Sales
25% Marketing
5% Administrative

Offer for investor

15% on a SAFE
Pre-money valuation $6000000

Team or Management

Mentors & Advisors

Risks

The biggest risks are the supply chain risks.

Incubation/Acceleration programs accomplishment

Completed the NewChip Accelerator program.

Won the competition and other awards

Won the AUVSI competition and received the distinguished engineering project award from CA's engineer's council.

Photos

Photo 1 - We develop assistive robotics.

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
Presentation