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Parallax Hearing Company First Pitch


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This was the presentation that was given on August 11th, 2018 at CenterForm.

Published in: Healthcare
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Parallax Hearing Company First Pitch

  2. 2. What is a Cochlear Implant?
  3. 3. Problem • Modern cochlear implants cost about $25,000. • Cochlear Implant companies are antagonistic to Deaf community.
  4. 4. What is a Cochlear Implant?
  5. 5. My Design Internal component: A design from twenty years ago. Already FDA approved. External component: All new. Phone as both microphone and sound- processor. Signal sent to Bluetooth receiver.
  6. 6. The Best Part About This Design Because we don’t have to build a sound processor for each unit… Because the design for the internal component existed twenty years ago… Because we’ll probably qualify for an FDA loophole… Estimated price of mass-production: $100 / unit
  7. 7. The Brand • Parallax Hearing Company listens to the Deaf Community. • Partner with established Deaf organizations. • Engage with disability scholarship. • Other products based on need.
  8. 8. How to Make Money Start in the U.S. selling to insured people ($25,000 / unit) • U.S. Cochlear implant market was $350 million in 2015. • Global market was $1.1 billion. • ~2/3 of implants are in adults. Growing as population ages. • Cochlear Implant market projected to double by 2025. Huge opportunity outside the US and Europe. • People around the world pay ~$25,000 out of pocket / implant. • Goal of selling $250 implants direct to uninsured consumers.
  9. 9. About Me BSE in Biomedical Engineering (2016) MDiv (2019) PhD in Social and PoliticalThought (starting September) 5 years experience in medical device design, testing, and manufacturing
  10. 10. The Ask • To prototype and keep developing the company… $20,000 • I’m looking for interesting people to work with: • App development • Medical manufacturing • Business connections