AbiliTech Medical
AbiliTech Medical is developing a medical device to help patients who live with neuromuscular weakness use their arms to live independently.
- Stage Prototype Ready
- Industry Medical Devices and Equipment
- Location Minneapolis, MN, US
- Currency USD
- Founded August 2016
- Employees 4
- Incorporation Type C-corp
- Website abilitechmedical.com
Company Summary
AbiliTech Medical is building a suite of orthotic devices to support and assist the arms in functional tasks required for independence in daily lives. The AbiliTech Assist will receive FDA clearance in 2020, followed by a hand device in 2022, and entrance into the Stroke Rehabilitation market in 2023. The total market opportunity this year is greater than $2 billion and grows to $37 billion over three years, with gross margins up to 75%.
Team
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Chief Executive Officer
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Vice President of Research and Development
Previous Investors
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Bios PartnersUnconfirmedEFO HoldingsUnconfirmedDEFTA PartnersUnconfirmed
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