Search, customized, rent, and repair, all-in-one. This is a cyst axis. Around 1 billion people around the world have some form of disability and assistive devices were developed to help them, but access is very limited. The World Health Organization estimates that less than 15% of people who need assistive devices have access and even less have access to customisation, which is crucial for disability because every form of impairment or disability is different in some sense. Around 55% of that lack of accessibility is due to the high cost. And there's also a severe lack of information about solutions to the high cost. Our solution assist access to the company, a website and mobile application that addresses the challenges that people with disability in South Korea face. Our website allows people with disabilities to search for the cause, the ethics find the nearest repair centers and access all the information regarding assistive devices are mobile application offers a customized you to service that uses a deep learning algorithms to recommend the best device type materials and size based on the user's behaviors and habits. We prioritize the safety and well-being of customers. Thus, we rely on here and I go there through agencies for guidance and recommendations to our customers to consult with medical professionals and consider all available information before making a decision. Therefore, we provide a free consulting before they make a decision. We provide monthly checkup services through our partner repair centers to ensure that their devices continued to meet their needs. Our customers or people who face difficulties when accessing prosthetic devices, e.g. in South Korea, among people who have upper limb prosthetic group, people who require upper limb prosthetics, only 90, 90% of those people actually don't have access to the prosthetic devices they need. This is because of the high cost and the ineffectiveness of the devices that are available to them. Furthermore, there is a lack of knowledge among those consumers. This data indicates a unique market potential for our business team. This access offers a unique experience for our customers through a simple and user-friendly, hot war. Unlike our competitors, on a sincere and unlimited tomorrow, which provides limited customization services. And they also so stand-alone prosthetics are integrative Polish combines various services like rental service, searched, a single server system, or personally Mr. transition service and consultations, which are very different from our competitors of our team. Spreads are also on hand at guiding our customers by ensuring that they will receive personalized, reliable, and comfortable devices are unique to that eats. The video is apparently not loading, but if the video were to go and you would have been able to see the design itself is very user-friendly and really easy to use. Currently voting our mobile application and we're using this their Android Studio, which isn't development tool with Java. And all the labs are used. And we are designating on PRBs. We'll be breaking even at six. And we always, and we'll use various approaches to sustain our venture for financial sustainability are a year's profits are mainly do advertisements, it clicks, and manufacturers are politics come in and buy them, paying us to more exposure through our website. So in simpler words, the revenue comes from the customers use of the website itself and your subscriptions and sponsorships with manufacturers as the business and service expense. Manufacturers will want dominant center service. And since the deep learning algorithms involves heavily on price and popularity, and this will drive the manufacturers to keep costs low. And that is our model for keeping costs low and accessible. In terms of our team resources interaction, we currently possess a wide range of skills and expertise, including marketing, web and app development and management. Furthermore, we have also conducted research with these research papers and these indicate that our research will proficiently addressed the cost and patient choice issues that come with purchasing prosthetic devices. Last but not least, we strongly believe that we will be able to make a strong and positive impacts on lives of people with amputations. That being said, honorable judges and fellow innovators. Thank you for your time. Judges questions. I get a question. You've mentioned a lot about the customizations that disability required for. And then you also mentioned that service. How do you see that being cost-effective or a negative impact to your promise and possibility because you're renting and if there's a lot of customers for that rental, may have when you bring that back into Europe. So the purpose of having a rental service for customization is, so for instance, where we come from in South Korea, the government funds rental services for assistive devices. But a lot of information about the funding is really scattered. So our purpose on the ventral surface itself, so just on that specific sector, is to gather their information into one service so that it's more accessible. That information is more accessible while keeping the model of profits same as the original with existing model as, as possible. How do you acquire customers? Which your mode two, I assume someone goes to a Dr. and they say, Well, you know, you need this prosthetic device. How are you going to get exposure and to get those people onto your App Service. So we can use advertisements, but also advertisements will become most effective when the problem we identified is that the information and manufacturers are all scattered. So if you do a Google search on assistive devices, you will see lots of different results, lots of different funding sources. But if we gather all of that information into one assist analysis, and if someone does a Google search and seize assist status with all the information they need, That's ultimately what will bring the most exposure. And said what he said. We're also currently in contact with the Korean health ministry in order to ensure that our product will be available countrywide, individually, worldwide so that people will be able to efficiently access because thickness is this a subscription business model and so you expect them to pay monthly or quarterly or yearly or yes, it says. Okay. Why would someone stay on board? Let's say they get their prosthetic device. Why would they want to keep paying the fee per month or whatever it is? So the subscription model is for people who will use assistive devices long-term. So if they have like a permanent or almost permanent impairment, as we said, we have monthly consulting services. But if people have a temporary impairment, they can choose not to use the subscript with all the subscription model is optional. But we're assuming that most of our customers will use this subscription. Additionally, hard subscription per mole. Our subscription model also involves the care services. So whenever there is something that goes wrong with the device, if they have any subscription, we will be able to easily repair the device for them. We're almost out of time.
2023 Diamond Challenge Summit-1-Assist Access
From Robert Diiorio May 01, 2023
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