EXO Dynamics is in the process of finishing the first commercially viable prototypes of its mechatronic back brace and begin testing on its first subjects this fall.
The Ann Arbor-based startup, it calls the
Venture Accelerator in the University of Michigan's North Campus Research Complex, received a $50,000 state grant to create four commercially viably prototypes. EXO Dynamics is at the end of that process.
"We will have that finished by next month," says Mushir Khwaja, chief commercial officers of
EXO Dynamics. "We will do the final assembly here to put some finishing touches on it."
EXO Dynamics and its team of four employees and one summer intern is developing an electro-mechanical back brace for medical professionals. The brace will be able to be worn by physicians under their lead vests in operating rooms.
"We will field test them with physicians in the fall," Khwaja says.
EXO Dynamics has received a notice of allowance from the U.S. Patent & Trademark Office, which means the startup expects to receive its patent for the back brace later this fall. The company also recently took second in the New Business Idea category of the Great Lakes Entrepreneur Quest business plan competition.
Khwaja plans to begin fundraising a seed capital round for EXO Dynamics later this year while field testing is going on. The company hopes to raise about $1 million in seed capital to commercialize its technology.
Source: Mushir Khwaja, chief commercial officers of EXO Dynamics
Writer Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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