3rd Ed Track Finals: RDFixer

Post on 21-Aug-2015

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Transcript of 3rd Ed Track Finals: RDFixer

RDFixer is a software application for correcting the radial distortion in medical endoscopy in real-time, improving the clinical performance of surgeries. It can either run in the camera control unit (RDSoft), or in a dedicated plug&play hardware platform between the camera control unit and the display (RDBox).

Our Solution - Take the most out of 2D endoscopy

RDBox

RDSoft

HDMI

MonitorAcquisition

Device

DVI-D

HD-SDI

Original video

FEATURES:• Patent pending calibration solution and system for correcting the radial distortion in medical endoscopy

ADVANTAGES:• Improves depth perception at 5% the cost of 3D endoscopy• Applies to any MIS procedure independently of probe size• Can be used with newly purchased or existing camera systems

• Dramatically improves the perception of depth and relative distance. • It has been proved that improves surgical performance

• It neither requires replacing the endoscopy equipment nor changing the existing surgical routine

BENEFITS

Problem

Team

João P. Barreto, PhDjpbar@isr.uc.pt

Market

Roadmap & Financials

Rui Melo, MsCrmelo@isr.uc.pt

RDFixer

* Team with world renowned expertise in camera modeling and geometric computer vision.

Improving visualization in medical endoscopy

Laparoscopy

Urology

Arthroscopy

ENT + Bronch.

Gynecology

Neurology

Others

GI

15%

27%

17%13%

5%

3%

10%

10%

Anual Sales Endoscopic Camera Control Unit

Functioning Prototype

ProvisionalPatent

10K startup funding + bootstrap

Year -1Year -2 Year 0 Year 1 Year 2

Seed investment125K €

First clinicalevaluation

First RDBoxs prod.

Local distributorpartnership

Device cert.

International Patent

Find OEMpartnershipfor RDSoft

Large scale unitsproduction

European dist.partnership

BA investment round300K €

http://arthronav.isr.uc.pt/rdfixer/

• Market worths $2b, CAGR of 3-4%

• Target specialities using small lenses 40% of market = 10K units/year

• With price of RDBox = $7.5K, annual addressable market is $75M

• Additional addressable 40-50K legacy systems already deployed

Clinical evaluationin target markets

João Salgado, MBAjoaosalgado@hotmail.com

Minimally Invasive Surgeries (MIS) are very difficult to execute

Current solutions• One player in the market• Only for laparoscopy• High cost (>$125k)• Change in surgical routine (glasses)

3D (stereo) endsocopy

Limiting factors

• Long learning curve (≥ 5 y. )

• 8% of trainees unable to make the visual-space leap• 60% of errors in MIS are due to perception issues.

Only 25% of surgeons perform MIS

• Radial Distortion(RD): Small size of optics cause aberration and low depth perception• RD limits efficiency of procedures

• Investment opportunity: €125K (now) + €300k (month 12)

• Payback: ~ 4 years

• NPV (10.05 discount rate, Y6): €1.9M-1M€

4M€

9M€

14M€

19M€

YEAR0 YEAR1 YEAR2 YEAR3 YEAR4 YEAR5

Revenues EBIDTA