VRPhysio
By: Eran Orr
Funded
 
$749,994
Raised so far
 
0
Days to go
   
VRPhysio is making smart virtual reality devices for physiotherapy and preventive workout. VRPhysio aims to make home physio workout fun, easy, with real time feedback including biofeedback accessible to both the physiotherapist and the user.

Category: Technology Type: Equity Campaign Stage: Seed +

Disclaimer
The investment in the company shall be allowed only to the number of investors in accordance with applicable law and in accordance with a predetermined process. Accordingly, detailed information in connection with the investment shall be revealed only to a limited number of investors as provided by law.
Campaign Highlights

Innovative product

VRPhysio is revolutionizing the world of physiotherapy. 

The company develops an innovative product that allows gamified, efficient and personal physiotherapy training by an immersive virtual reality experience supported with real time bio-feedback data.

Exceptional team 

VRPhysio was founded by a team of Ex IAF Executive Officers, the Initiator of the IDF spinal cord damage prevention program for air-crew personnel, and the ex-chief medical officer Physiotherapy consultant to the Medical Corps - physiotherapy department.

Huge market

Both markets of Physiotherapy and Virtual Reality are in a process of a rapid growth.

Physiotherapy become an integral part of any rehabilitation process and The awareness to the importance of Physiotherapy is constantly increasing. More and more people are experiencing injuries due to car accidents, sport accidents, working in front of computers, staring at smartphones and more.

The need is huge and there is no appropriate solution.

In addition, The Virtual Reality technology will affect our day to day life and some will argue that the Virtual Reality impact will be bigger than the smartphone revolution.

VRPhysio is combing the two rapid growing markets.

  

The Idea

VRPhysio is combining the world of physiotherapy and virtual reality to re-define the way we experience physiotherapy. 

PROBLEM:

Physiotherapy exercises are both boring and difficult to monitor

No one exercises at home – especially not children and senior citizens

VISION:

Gamified, efficient and personal physiotherapy training by an immersive virtual reality experience supported with real time bio-feedback data

This is called  VRP - Virtual Reality Physiotherapy

PRODUCT:

VRPhysio’s solution is a virtual reality (VR) device consisting of a headset incorporating detachable weights and optional biosensors and an app downloaded to the user's smart phone.

The smartphone is inserted into the headset and is used as the devices display.

The user experiences the training as a fun and immersive game, through which he conducts the correct exercises planned by his physiotherapist.

Not only can the physiotherapist and doctor have access to the user’s training data through the connected app, but a set of optional biofeedback sensors monitor and change the game and training session while the user plays.

  • FDA Approval in progress as Medical Device
  • 2 Patents submitted – in the US and Israel
  • 2 Trade Marks submitted

Main features:

  • Injury recovery and preventative workouts - targeted injury recovery and preventative workouts through fun an immersive virtual gaming and real time monitoring. 

  • Healthcare professional Monitoring - Remote data access allows your healthcare professional to monitor your workout and change your gaming experience according to your needs and progress.

  • Biofeedback sensors - the headgear and body sensors monitor your body’s movements while biofeedback sensors monitor your body’s measurements encouraging constant improvement. 

BUSINESS MODEL:

VRphysio’s business model is based on several revenue channels which can be worked simultaneously. The company’s strategy is to examine each channel individually in order to determine which ones are the most beneficial. The revenue channels are not contradictory to one another.

Product channel:

In order to use the product, the customer will have to purchase the headset (including weights and premium app access) and optional attachable biofeedback sensors. The app will be free for download.

Service channel:

The product will be offered to use by medical clinics and private physiotherapists as part of the medical treatment and service to the customer.

Advanced app features:

The app will include premium features which will be charged, for example: access to more training games, expert physiotherapist follows up and instructions according to user’s data.

Data Base:

The company will use the enormous database gathered by the customer's smartphone apps and biofeedback sensors by logging their training data and analyzing their healing process. This data will be used to determine which physiotherapy protocol is more sufficient than others and what protocol makes the healing process faster and better.

  

 

The Market

VRPhysio targets 2 markets which are in a process of a rapid growth, creating a new and combined market which we call VRP -Virtual Reality Physiotherapy.

Physiotherapy market:

“Global Physiotherapy equipment market projected to reach US$ 18.3 billion by 2020”

Global Market Outlook 

(Source: Global Industry Analysis, Inc.)

Top Three High Growth Markets

 

(Source: Global Industry Analysis, Inc.)

Canadian physiotherapy overview

(Source: Canadian Physiotherapy Association)

Virtual Reality market:

"VR/AR HMD market has the potential to reach over $100bn annually by 2025"

 

Exit Strategy

VRPhysio plans to build the company to supply physiotherapy solutions and collect all the data from day one - in order to be the biggest source of knowledge in the physiotherapy world.

Our Exit opportunities are:

  • IPO
  • Merger / Acquisition by one of the main Physiotherapy companies \ VR companies 
Use of Proceeds

VRPhysio is raising an investment that is designated for

  1. Initial user testing and improving the current software
  2. Production of BETA product as a medical device  
  3. Clinical tests  
  4. Initial sales

 

Eran Orr
CEO
 
Biography
Eran founded VRPhysio in 2015. He has significant experience from the physiotherapy prevention industry, previously serving as Initiator and coordinator of the IDF spinal cord damage prevention program for air crew personnel. Eran is an Ex IAF Executive officer. Eran holds a BA in Business Management, Government, and Politics from Ben Gurion University, and soon will graduate an MBA in Entrepreneurship and innovation Business administration.

  • Founder
Aryeh Efergan
CSO
 
Biography
Aryeh has 26 years of experience as a physiotherapist, including 8 years as Lt. Col. and chief medical officer Physiotherapy consultant, Medical Corps - physiotherapy department. He has a Private physical therapy practice – an orthopedic rehabilitation and pain treatment. Previously serving as a physiotherapist at Clalit Health Services. Aryeh holds an MHA in Healthcare Administration and a B.PT in physical therapy from Ben Gurion University.

  • Key Employee
Jon McTagggart
CDO
 
Biography
Jon is an UX designer of digital and physical experiences. Jon has a vast experience as a designer and technologist. His the inventor of the IDF ‘mek-porek’. Jon hold a B.Des from TH Koln Germany and an M.Des in Design and Tech from Bezalel Art Academy Jerusalem.

  • Key Employee
Oded Menahem
VP Operations
 
Biography
Oded is an Ex IAF Executive officer, specialist in project management and gaming. He holds B.A in Economics and Management from Ben Gurion University and soon will graduate an MBA in Entrepreneurship and innovation Business administration in Tel-Aviv University.

  • Key Employee
Yair Zuk
VP Marketing
 
Biography
Yair is an Ex IAF Executive officer, Highly Experienced in Business Development & Marketing strategies. Yair holds BA in Information Technologies Management from Ben-Gurion University and an MBA in Technology, Innovation and Entrepreneurship from Tel Aviv University.

  • Key Employee
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