Neuromersiv [SMART 100, 2018]

This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.

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1. THE BEGINNING

This innovation initially came to life when…

Two co-founders with a proven track record in developing VR content met the third co-founder who was pioneering the use of VR in neuro-rehabilitation.

2. WHAT & HOW

The purpose of this innovation is to…

…achieve up to 3 fold improvement in neuro-rehabilitation outcomes after stroke or trauma.

It does this by…

…enabling neuro-therapists and medical professionals to make neuro-rehab more fun and emotionally engaging using Virtual Reality. It offers a dedicated, modular, gamified and trackable VR patient therapy solution that incorporates performing simple self care tasks using a consumer VR headset and a pair of controllers.

3. PURPOSE & BENEFITS

This innovation improves on what came before because…

…traditional therapy for neuro-rehabilitation uses boring, repetitive tasks that have little practical usage in daily living mobility. 43% of reported stroke or bran injury survivors do not comply with traditional, long term rehab therapy resulting in poor outcomes.

Its various benefits to the customer/end-user include…

Makes therapy fun with vastly improved rehabilitation outcomes and reduced costs for both patients and institutions.

4. COMPETITIVE LANDSCAPE

In the past, this problem was solved by…

Using physical exercises like repetitively tapping on pucks, painful wrist flexion, working out on rehab gym equipment without real measure-ability of improvement or goals.

5. TARGET MARKET

It is made for…

Hospitals, private rehabilitation centres and individual physiotherapists and occupational therapists. There are currently over 1000 hospitals, 25,000 registered physiotherapists and 18,000 occupational therapists across Australia.

It is available for sale through…

A bundles hardware and propriety Saas software as a monthly subscription. Hardware includes pc, headset, haptic gloves and software includes immersive VR experiences linked to a web platform to collect therapy performance data.

Our marketing strategy is to…

Gain traction by running external trials through already signed select partners to gather & publish evidence that our product is better than what’s currently available.

 

FINE PRINT: This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.

Maven Judge Vote: NEUROMERSIV – Smart 100 2018
(Please note – The form below is for judging purposes only and is restricted to the public)