MindLink Prosthetics
Elevator Pitch: MindLink Prosthetics revolutionizes mobility for those with arm impairments, using cutting-edge technology to turn thoughts into action. Our affordable, non-invasive MindArm system offers unparalleled control, opening a new world of possibilities for everyday activities without the financial burden or surgical risks. Join us in making independence accessible to everyone.
Concept
Affordable, non-invasive, mind-controlled prosthetic arms for individuals with mobility impairments.
Objective
To provide an accessible, efficient, and non-invasive solution for individuals with arm mobility impairments, leveraging our novel MindArm technology.
Solution
Utilizing low-cost EEG electrodes and a deep neural network engine, MindLink Prosthetics translates brain signals into precise prosthetic arm movements, allowing users to perform daily activities seamlessly.
Revenue Model
Sales of prosthetic devices, ongoing software updates, customization services, and technical support plans.
Target Market
Individuals with arm mobility impairments, rehabilitation centers, hospitals, and healthcare providers specializing in physical therapy and rehabilitation.
Expansion Plan
Initially focus on healthcare institutions and direct-to-consumer market in developed countries, followed by expansion to emerging markets with partnerships with local healthcare providers.
Potential Challenges
Technical challenges in ensuring compatibility with different users, maintaining high precision in movement control, and ensuring data security. Scaling production while keeping costs low.
Customer Problem
Current prosthetic solutions for individuals with arm mobility impairments are either too expensive, invasive, or fail to offer precise control, limiting accessibility and usability for many.
Regulatory and Ethical Issues
Compliance with medical device regulations, ensuring privacy and security of users’ neural data, obtaining necessary certifications for market entry.
Disruptiveness
MindLink Prosthetics democratizes access to advanced prosthetic technology, offering an affordable and non-invasive solution with a level of control previously found only in high-cost alternatives.
Check out our related research summary: here.
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