It is great to be able to share with you updates from our alumni community. It’s been a blockbuster few months for loop+ (Cohort #3), who have experienced some amazing momentum.
loop+ is an activity tracker for wheelchair users that assesses risk and monitors prescribed care plans in everyday life. This year, the demand has continued to snowball for loop+, having clinics pre-ordering to ensure they are first to have loop+ in their clinics.
Some of the highlights.
- Graduated from Cicada Innovations MedLab Program
- The origin story of loop+ featured in the Business section of The Weekend Australian not long after Cicada MedLab demo day: Aunty is the Necessity of Invention
- loop+ is now registered as a class one device in Australia with the Therapeutic Goods Administration (TGA).
Kath Hamilton, CEO of loop+, talked about some of their recent achievements.
“Over the last few months we’ve been overwhelmed with clinicians demand for the loop+ platform to give them visibility into their clients’ everyday life. We’ve learnt there is a demand for more additive revenue streams with incremental services and devices. Recently we had our first expo, the ATSA Independent Living Expo in Sydney. We are thrilled to have 12 clinics, Westmead Hospital and the Assistive Technology and Seating [AT&S] clinic sign up to test loop+. We estimate this could expose loop+ to over 2,000 wheelchair users in NSW from just these clinics. This is a critical milestone as expos and conferences is one of our key channels to acquire customers through clinicians. Gives us great confidence in our forecasts and our market fit.”
This July, loop+ will be picking up the pace for their field tests, with the next release of the loop+ platform. With their eye to their largest market, Kath is currently touring the US to understand how they can efficiently scale the great interest from several clinics across 3 cities into a full blown commercialisation plan.
Congratulations to loop+, and we are proud to have enabled their achievements.