by Xian Wen Ng
The problem we solve: The existing and most commonly-adopted surgical technique for inserting implants in our area of research hass been shown to carry up to 50% risk of potential damage on the spinal cord, spinal nerves, as well as major blood vessels. In unfortunate cases, total permanent disability and death can result.
About our solution: We are designing a novel system for bone surgery, which presents a simple, elegant, and low-cost solution with the potential to eradicate the most pertinent issues inherent in existing techniques, based on solutioning from first principles.
Progress to date:We need USD500,000 to support our prototyping work which is extremely critical for getting our product to market. This is the phase when we will have a high burn-rate for resources and funds, as we go through an intense period of product testing to reach our final optimized design. We hope to have some leeway in terms of resources, to be able to bring together the best people, and invest in quality materials and core competencies. While we will continue to be extremely prudent in our spending, the efficiency of our work will very much depend on being able to afford the basic necessities. The funds we obtain will channel into hiring a good team including engineers and experienced consultants, as well as in procuring quality materials and fabrication equipment/services for our prototypes.
I seek understanding from our funders that we may not have much to give back to you at this stage. We understand the challenge of placing trust in the promise of something that has yet to be proven. However, I vouch for the success of our work, and am determined to allow our actions to speak for ourselves. Our project may take on a longer-term horizon given its scale and complexity, but I have great confidence that it will see fruition.
Thank You for your support.
Creator: Xian Wen Ng
Location: Berat
Education: Cambridge University
Bio: Hi, I am Xian Wen and I am both the Founder and Director of Pedinav Pte Ltd, a forward-looking and progressive medical technology startup that specializes in developing innovative surgical solutions. I studied Chemical Engineering at Cambridge and MIT, and have work experience in a wide area from business development, sales & marketing, software design to risk assessment and policy development. My crowdfunding campaign hopes to raise sufficient funds to support our early-stage prototyping work for one of our biggest projects yet. This project carries our ambition of creating something of genuine value, and which will benefit humanity in a big way. The potential impact of our work is immense, and will not only bring enduring benefit to the generations beyond ourselves, but also in a way that is unlimited by geography, age or gender. Our shared vision to save millions from the consequence-bearing risks of spinal surgery, through a relentless pursuit of good design in our product, is what drives all of our team's energy day in and day out. We hope for all the support we can gather.
Title: Founder and Director
Advanced Degree(s): MEng
Pedinav Pte Ltd
Location: Blk 417 Eunos Road 5 #12-22
Singapore 400417
SG
Founded: 2017
Facebook: https://www.facebook.com/pedinav/
Product Stage: Idea
YTD Sales: Working on it
Employees: 3-5
Our product is a uniquely designed medical device that is able to eradicate the most glaring problems faced in existing surgical methods. Our product significantly reduces risk of potentially devastating damage to spinal cord, major blood vessels and nerves. I will be giving away copies of my personally-written book titled "Because I Care" to our funders (for amounts starting from USD500) as a small token of our sincerest appreciation for your kind support.
Our product is a uniquely designed medical device that is able to eradicate the most glaring problems faced in existing surgical methods. Our product significantly reduces risk of potentially devastating damage to spinal cord, major blood vessels and nerves. I will be giving away copies of my personally-written book titled "Because I Care" to our funders (for amounts starting from USD500) as a small token of our sincerest appreciation for your kind support.
Our solution is simple to use, inexpensive, and potentially best-in-class on efficacy (we commit to demonstrating this in our plans for subsequent tests to come). I am offering copies of my personally-written and signed book titled “Because I Care – A Collection of Thoughts” as a personal token of my appreciation for your support.
Intellectual Property Summary
Intellectual property will be obtained for our novel product and we have begun this process.
Clinical Information
We are currently at the conceptual/prototyping stage and while we have plans for clinical trials, we have yet to reach the stage of providing proof of clinincal data.
Regulatory Status
We are currently at the conceptual/prototyping stage and while we have plans for securing regulatory approvals such as FDA clearance and the like, we have yet to reach that stage now.
How we will use the funds raised
We need USD500,000 to support our prototyping work which is extremely critical for getting our product to market. This is the phase when we will have a high burn-rate for resources and funds, as we go through an intense period of product testing to reach our final optimized design. We hope to have some leeway in terms of resources, to be able to bring together the best people, and invest in quality materials and core competencies. While we will continue to be extremely prudent in our spending, the efficiency of our work will very much depend on being able to afford the basic necessities. The funds we obtain will channel into hiring a good team including engineers and experienced consultants, as well as in procuring quality materials and fabrication equipment/services for our prototypes.
Thank You
I am Xian Wen and I am both the Founder and Director of Pedinav Pte Ltd, a forward-looking and progressive medical technology startup that specializes in developing innovative surgical solutions.
This will be the biggest project of my life. It will take time but I have absolute faith in this endeavor. It is as much of a priority to me that in the course of our journey towards commercializing Pedinav’s first proprietary medical device, that we earn a good story to tell - one that is compelling in the display of human spirit, and founded upon only the most honorable of ideals and values
I studied Chemical Engineering at Cambridge and MIT, and have work experience in a wide area from business development, sales & marketing, software design to risk assessment and policy development. My campaign hopes to raise sufficient funds to support our early-stage prototyping work for one of our biggest projects yet.
This project carries our ambition of creating something of genuine value, and which will benefit humanity in a big way. The potential impact of our work is immense, and will not only bring enduring benefit to the generations beyond ourselves, but also in a way that is unlimited by geography, age or gender. Our shared vision to save millions from the consequence-bearing risks of spinal surgery, through a relentless pursuit of good design in our product, is what drives all of our team's energy day in and day out. We hope for all the support we can gather. At a personal level, this endeavor will be my life’s work, centered on utilizing my strengths in a way I deem best contributes to humanity, while allowing me to hold true to my beliefs and values, both in outcome and process.
The strength of many startups may be their good ideas, but understandably most of them suffer from a weak starting position both in financial terms and in bargaining power. It is during this initial starting out phase that much intrinsic value of small-scale startups may be sacrificed in exchange for a helping hand from bigger establishments or deep-pocketed investors. For us, it is a priority that our enterprise be borne out of belief systems that remain unadulterated no matter how the company progresses, and we remain hopeful on obtaining support from those who genuinely want the best for us and who believe in the spirit of our work.
I urge for your kind support. Your contributions will mean more than just the value of the funds itself, but also carry a much deeper sense of support in spirit, and an undeniably strong vote of confidence.
Thank You.
There are not supporters yet.
No updates found .
Help us find best new ideas to fund by telling us what you think. Your feedback goes straight to the team behind this project in private, so tell them what you really think.