Autonomyo: Independence through mobility
Autonomyo develops an innovative solution aiming to improve the mobility of people with neuromuscular and motor disorders based on the exoskeleton technology. The project was born in 2014 from the common initiatives of associations against muscular diseases and the Swiss Federal Institute of Technology. After 4 years of academic development, it is now turning into a Swiss-based start-up company. Unlike the existing solutions, such as rollators and crutches, the Autonomyo device solves the need for external support in a more intelligent way and provides much more freedom of movement. Thanks to the technology, a person with muscular dystrophy will be able to perform a wide range of motions, including walking, holding doors and using cell phones. Light and compact, Autonomyo is adaptable to the size of the person and his/her specific condition. Moreover, this device is available to a larger population compared to the existing options, for example, it will potentially benefit people with poor upper limb conditions.
Autonomyo is endorsed and sponsored by a growing number of associations and foundations against neurological disorders. The product prototype is currently being clinically investigated to ensure the highest quality and benefit for the main users – the stroke survivors. The product is tentatively planned to be launched in 2020 and distributed in rehabilitation centres. As the start-up is at a very early stage of development, the Autonomyo team wants to select the most suitable business model and explore promising investment opportunities.
Learn more about Autonomyo here: https://www.autonomyo.ch/home
Autonomyo would like NGC consultants to help set up its start-up in the most effective way, given the healthcare industry and the B2B nature of the business.
Specific recommendations to be developed by the Consulting team are:
1. Proposed effective business models for the Autonomyo start-up:
a. Develop an understanding of the healthcare startup scene in Switzerland, including the legal specifics
b. Conduct research on similar businesses and analyze their business structures
c. Identify best practices from those businesses and come up with suitable business models for Autonomyo to consider
2. Suggest several funding and investment options for Autonomyo to maintain a sustainable business
a. Evaluate Autonomyo’s long-term financial goals and business objectives
b. Recommend relevant funding options, based on the selected business model and your evaluation
c. Prepare a PowerPoint deck for Autonomyo to incorporate in presentations for potential investors
The managing team of Autonomyo will incorporate your recommendations when operational, tactical and strategic decisions are to be made in the near future.