Autonomyo develops an innovative solution aiming to assist mobility and rehabilitation of people with neurological disorders based on the exoskeleton technology. The project was born in 2014 from the common initiatives of two associations against muscular diseases and the Swiss Federal Institute of Technology (EPFL).
After 5 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 muscle or motor deficiency 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 2021 and distributed in rehabilitation centres. As the start-up is at a very early stage of development, the Autonomyo team wants to financially validate the business model and explore promising investment opportunities.
Learn more about Autonomyo here: https://www.autonomyo.ch/home
In this follow up project, 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. Suggest several funding and investment options for Autonomyo to maintain a sustainable business
a. Evaluate Autonomyo’s long-term financial goals and business objectives
i. Demand projection in the next 10 years
ii. Projection of the internal costs for the next 5-10 years (R&D, production, marketing, sales...)
b. Define the most relevant sales strategy, including pricing
c. Recommend relevant funding options, based on the selected business model and your evaluation
d. Prepare a PowerPoint deck for Autonomyo to incorporate in presentations for potential investors