3rd Ed Track Finals: RDFixer
1
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 Monitor Acquisition 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, PhD [email protected] Market Roadmap & Financials Rui Melo, MsC [email protected] 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 Provisional Patent 10K startup funding + bootstrap Year -1 Year -2 Year 0 Year 1 Year 2 Seed investment 125K € First clinical evaluation First RDBoxs prod. Local distributor partnership Device cert. International Patent Find OEM partnership for RDSoft Large scale units production European dist. partnership BA investment round 300K € 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 evaluation in target markets João Salgado, MBA [email protected] 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
-
Upload
building-global-innovators-bgi -
Category
Documents
-
view
292 -
download
1
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, [email protected]
Market
Roadmap & Financials
Rui Melo, [email protected]
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, [email protected]
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
