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Ergo stm snapshot 3.26


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Whiteboard2Boardroom presents innovations from regional universities, hospitals, research organizations to encourage commercialization.

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Ergo stm snapshot 3.26

  1. 1. ERGOSTM: Intuitive, All-Purpose, Ergonomic Instrument-Assisted Soft Tissue Mobilization (IASTM) Tool Presented by: Brett Hayes March 26, 2019
  2. 2. What is the problem? • The Instrument Assisted Soft Tissue Mobilization (IASTM) technique is used by Therapists, Trainers and Chiropractors to effectively treat multiple soft tissue disorders • Current tools in the market have poor ergonomics and usability
  3. 3. How does product/service solve problem? ERGONOMICS  Multiple modes of gripping  Anti-slipping features  No spreading of lotion to fingers USABILITY  Multiple modalities  Every edge is used to mobilize tissue ACCESSIBILITY  Affordable  Simple cost and training structures
  4. 4. What is the market use? • Physical Therapists: – 239,800 (2016), projected to grow 28% from 2016-2026 • Massage Therapists: – 160,300 (2016), projected to grow 26% from 2016-2026 • Chiropractors: – 47,400 (2016), projected to grow 12% from 2016-2026 • Athletic Trainers: – 27,800 (2016), projected to grow 23% from 2016-2026
  5. 5. What competition exists? IASTM Tools Ergonomics Usability Accessibility Hawk Grips ErgoSTM “I had less thumb/finger discomfort with this tool, and the overall ergonomic capabilities for the practitioner are much better” – Lauren Huckstep, DPT (Athletico, St. Louis)
  6. 6. What is the status of the intellectual property? • Patent Application – US 20160166459 A1 • Claims – Device design – Method of using the device
  7. 7. What is the stage of development? • We have 3D printed working prototypes • Received an initial quote on prototype tooling from a domestic molding company • Regulatory Pathway: Class I Medical Device (only need to register as an establishment with the FDA)
  8. 8. What is needed for further development? • Experienced Entrepreneur or Licensee – Manufacturing – Sales/Distribution – through product catalogs and online (Amazon sales for other products have gone up in the last two years)