Project

1. Preparation of mass manufacturing of battery operated handheld cooling devices
2. Development of the first prototype devices of precision cryotherapy

Project Summary

1. Design optimization for low-cost manufacturing, improved performance, and enhanced reliability, medical device design files, pre-clinical safety tests, human pilot study in U.S.
2. Internal component design files, TPR developments, validation of the prototype with artificial dermis, preclinical safety test, animal safety test, human pilot study in Korea

Business Model

1. Rapid anesthesia for improved IVT workflow and better patient satisfaction --> increased hospital income, increased drug consumption, key marketing point --> license the cooling anesthesia technology to global IVT drug pharmacies
2. World first precision cryotherapy that can control quantitatively cooling condition--> predictable therapeutic results, safer cryotherapy --> selling devices and consumable coolant directly to doctors and hospitals

Main Achievements

1. Bayer-KOTRA program
2. KIBO U-tech Valley $3M ($1M investment + $2M guarantee)
3. Partnership with Kyeongbuk Univ. hospital for clinical study