Periodic Reporting for period 1 - CRESCENT (CRESCENT: Adaptive hands-free controller for people with disabilities)
Reporting period: 2019-08-01 to 2020-01-31
The key milestones achieved during the feasibility period was the development of the first prototype of the MyWay band and securing of the Chaim Sheba Medical Center in Israel for clinical trials and a regulatory consultant. The company also analysed their production capabilities in conjunction with their scale up targets and decided it was advantageous to outsource the manufacturing of the MyWay bands to a relevant CMO. To it, the company began initial discussions with Flex, which is one of the largest manufacturer of electronic components in the world with manufacturing locations around the world.
6Degrees also analysed in detail the go-to-market strategy to define the approach for accelerated and effective market uptake. It was concluded that initially, the MyWay will be sold to the countries of Israel, Germany and UK before expanding to other European markets. The company expects to achieve revenues of €30M in year 5 and to reach a total of 29 total employees five years after commercialization.