
Financial information at 30 September 2020
Follow the Group's Financial information at 30 September 2020 - On Friday, November 13th 2020 from 9:00 am (Paris time).
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Follow the Group's Financial information at 30 September 2020 - On Friday, November 13th 2020 from 9:00 am (Paris time).
Half of all French people above the age of 50 suffer from osteoarthritis, and a number of young people suffer from sport-related injuries. In this context, it is essential to find an optimal solution for knee pain. To that end, Ted Orthopedics has developed a next-generation knee brace, designed to help patients recover their mobility.
The goal of this device, which is equipped with motion sensors and connected to a mobile application, is to allow patients to complete their rehabilitation at home, with personalised exercises. Proven benefits include improved functional recovery, limited relapse rates, and lasting reductions in osteoarthritis pains, without any surgery. With this innovative assistant, the Provence-based startup SmartR hopes to improve quality of life for millions of people around the world.
In order to see this project through, Arnaud Pioli, the CEO of the startup, brought together a complementary leadership team, with expertise in medicine (physical therapy, osteopathy), technology (data science, data usage), business administration, startups, human resources management, and sales.
Follow them on TwitterWhere did you get the idea for this startup?
It was Arnaud Pioli, one of the co-founders of Ted Orthopedics, who came up with the idea while spending time with his grandfather, who suffered from osteoarthritis of the knee. For 10 years, he watched him attend an endless series of physical therapy sessions, followed by operations, followed by more physical therapy sessions. Using his engineering background, he developed a technology that could assist his grandfather with his rehabilitation sessions by allowing him to perform his exercises at home, while still keeping his doctor in the loop. The benefits included a less expensive, more effective rehabilitation process, and a preventive effect against any reappearance of the osteoarthritis.
Any recent good news?
We were recently accepted into the Go4Biobusiness acceleration programme founded by Eurobiomed. This will allow us to refine our commercial strategy and raise the funds needed to grow the company.
What is the most unexpected thing that your startup has made you do?
We’re big sport fans. So when we presented our knee brace to clubs like OM (football) or PAUC (handball), it was crazy! We got to meet players that we had only ever seen on TV before. And some of them even tried out the product, even though it was still just in the testing phase!
In what way does your project revolutionise your category?
Ted Orthopedics could improve quality of life for 10% of the global population by achieving lasting reductions in osteoarthritis knee pain, through rehabilitation alone (no surgery). Our medically-oriented strategy goes well beyond simple “well-being”, and is geared toward achieving clinical validation and obtaining the approval of opinion leaders in the field.