
Overview of Impulse Technology LLC
Impulse Technology (“Impulse”) performs research and development of innovative products in rehabilitation applications. Impulse is a member of the incubator program of Invent Penn State and is a portfolio company of Ben Franklin Technology Partners. Impulse is developing and commercializing prosthetic leg components to provide natural leg functions to amputees. The advancement in prosthetic design is an application of our core expertise in a high impact area of medica device development and health services.
Our Ask
We are in the process of raising $500,000 to support our new product launch and GTM.
Product or Service
Impulse Technology’s product portfolio includes a fully developed, passive, prosthetic ankle device that uses a highly non-linear compliant mechanism for real-time self-alignment in all three planes of motion. Impulse also has developed an ankle-foot system that embodies multiple functionalities in a compact design, compared to the existing systems, that enables amputees walk in outdoor conditions with much more comfort and ease. The ankle-foot system is already approved for Medicare codes that will provide prosthetic clinics/providers sufficient reimbursement and profit margin. The current phase of innovation is clinical testing of the minimum viable product (MVP) and pre-sale prospects.
Company Impact
Our vision is to enhance the quality of life of amputees and people with reduced mobility by restoring mobility for sustainable comfort. Our mission is to develop and commercialize mechanical systems, with a focus on Prosthetic and Orthotic systems.
Our self-aligning prosthetic ankle will enhance comfort and mobility for military and civilian personnel suffering from lower limb loss due to injuries and diabetes. The self-alignment feature contributes to comfort and biomechanical perfection, reduced amputee-prosthetist time, and lower cost. and biomechanical perfection, reduced amputee-prosthetist time, and lower cost. The ankle-foot system provides complete comfort to amputee end users and an appealing profit margin to prosthetic clinics, our direct customers. Roughly 185,000 amputation-related hospital discharges occur in the United States each year, with an approximate hospital cost of $8.7 billion. Our passive product offers comparable performance at lower prices than current robotic prosthetics.
Primary Audience
The end users of our products are civilian and military amputees who wish to restore mobility to improve their quality of life. Our direct customers are prosthetic clinics and prosthetic distributors. Existing passive/mechanical prosthetic legs and leg components suffer from misalignment over time, and often times are not suitable for or unable to adapt in real time to gait and terrain changes of outdoor walking conditions. These issues cause pain while walking. 51% of below-knee amputees suffer from prosthetic misalignment. In the longer term, misaligned prosthetics can cause a range of additional maladies from lower back pain to double amputation, which can lead to a higher mortality rate, particularly in the case of diabetes. Existing prosthetic leg alignment involves more than forty gait parameters. Even with the same patient-prosthetist, the process is subjective and iterative. One integrated leg system cannot provide all the functionalities needed for outdoor, rugged walking conditions without being too bulky and heavy. In the case of robotic legs and ankle-feet, the leg/ankle systems need batteries that are cumbersome and need charging. In addition, robotic leg/ankle-foot systems are many times too expensive for insurance and Medicaid approval process, or amputees being able to pay for the co-pay/insurance.
Partnership Opportunity
Our strategy for business acceleration is through partnerships with manufacturers, clinics, and marketing and sales experts.
Funding Needs
We are looking for potential funding of $500,000 that will be used for:
* Supporting the business roadmap for product launch: Patient testing (Clinical trial not required to market the product), manufacturing optimization, and
promo units manufacturing.
*Operational Expenses: Engineering, Administrative, Go-to-Marketing (Consulting-contracting), Tradeshow, Sales, Social Media