Photo - GentleCare -Brand name
46003

GentleCare -Brand name

Advanced Wound Dressing for Diabetic Ulcer

Kazakhstan, Almaty
Market: Medicine
Stage of the project: Idea or something is already done

Date of last change: 02.04.2020
Min investment
$  150.000
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Total required
$ 250.000
Rating
equalizer из 1000
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Idea

Diabetic ulcer is a complication of diabetes. Currently, there are more than 30 million people suffer with diabetes and 25% of those patients will develop diabetic ulcer. Diabetic ulcer treatments are very expensive and not highly effective, which leads to foot amputation which costs patients even more than one time treatment.

Current Status

Early Stage:

Patent Analysis - Completed (Freedom to operate)
US-based Market analysis completed
Need funding for Proof of concept testing
Need $150.000 - for pre-clinical trials
$250.000 -for Clinical Trial.
In vitro and vivo studies completed.

Problem or Opportunity

Problem
Review related to the costs of lower limb amputations, the range lies between US$16,488 and US$66,215 (1998 currency).The cost was found higher in the amputation procedure and its associated nursing and institutional care compared with costs included in the surgical procedure. It showed that for minor lower limb amputation (only at foot level), the cost was US$43,800, while the major lower limb amputations (above ankle) was US$66,215 . In these studies it was observed that a substantial part of the expenditure was not incurred in the surgeries, but included rehabilitation medicine, nursing homes and internal medicine. The conclusions derived from these studies clearly state that prevention of DFUs and lower limb amputations may be the most effective way to reduce the high cost.
Cost of single treatment of diabetic ulcer in a hospital - $3000

Solution (product or service)

GentleCare is designed two solve two problems - To provide more effective treatment at affordable cost which apparently will prevent foot amputation.

Competitors

Direct competitor: ConvaTec Inc.,

Indirect: 3M Healthcare Ltd., Coloplast A/S, B.Braun, Smith & Nephew, Molnlycke Health Care, BSN Medical and Acelity.

Advantages or differentiators

-Advanced fast healing properties
-Affordable cost
-Prevents infections

Money will be spent on

To be negotiated

Offer for investor

To be negotiated

Team or Management

Risks

Lots of competitors.

Incubation/Acceleration programs accomplishment

GIST Business Incubation Program 2019.

Won the competition and other awards

A Stipend for participation in the GIST Business Incubation Program 2019.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video