Periodic Reporting for period 1 - Retiplus (App on AR-Smartglasses for improved autonomy and mobility of visual impaired persons)
Reporting period: 2018-02-01 to 2018-06-30
LV deteriorates the quality of life (QOL) of affected people (246 million), who lose their autonomy and mobility. Besides altering the life of the patient, it also has a huge impact on healthcare systems. According to AMD Alliance International, by 2020 the direct costs of vision loss worldwide will reach €2.8 trillion and €760 billion for indirect costs.
Our patented technology is an App for wearable augmented reality Smartglasses (SGs) that will improve LV people vision in all-day situations. Our solution is a disruptive evolution with respect to conventional aids for LV people offering a versatile, discrete, and cost affordable solution for improved QOL.
Retiplus PHASE 1 OBJECTIVES
Performing a market analysis and preparing a consistent go-to-market plan.
Defining a technological roadmap for RETIPLUS evolution and migration to other SGs.
Defining a plan for financial readiness.
TECHNICAL FEASIBILITY STUDY: We defined a 2-year work plan and methodology, including a technological roadmap for RETIPLUS evolution and adaptation based on customer and professionals´ feedbacks to achieve full technological readiness.
FINANCIAL FEASIBILITY STUDY: FS has also allowed us analyzing the funding requirements to bring Retiplus System to the market. We also explored different funding sources (public funding, bank loans, private equity, etc.) to achieve these goals.