We are core textile scientists from the Indian Institute of Technology Delhi, working on next-generation smart wearable solutions for healthcare. Through our multidisciplinary approach, we are designing a smart textile-based wearable compression system, named FabRelax, that can precisely control and modulate the pressure on the limb to improve blood circulation. Equipped with smart electronic control, FabRelax could offer personalized compression and relaxation benefits to customers based on their requirements.
TRACTION - Production (~60%) - Workforce: Operations cost (~ 18%) - Research & Development (~12%) - Warehouse/Inventory Management (~5%) - Miscellaneous (~4%)
CURRENT STATUS - Prototyping Completed | Testing and Standardization Done | Patent Filed | - - Pilot Production (in Process) - We are also doing business operations for protective textiles, making high-quality protective face masks named 'Kawach.' - Listed products in major E-Commerce websites, like Amazon, etc. - Collaborated with multiple hospital chains for a continuous supply of masks. - Generated 1 million $USD revenue in the last financial year.
- Long Standing Professionals: Government officials, Teachers, Athletes, Indian Mothers. - Pregnant women: Preventing from Muscle Cramps and Strain. - Travelers - High Working Athletes - Care Homes: PWDs and Elderly are 15 times more susceptible to DVT.
Total Available Market: $ 5.5B Serviceable Addressable Market: $ 150M Serviceable Obtainable Market: $ 50M
Problem or Opportunity
- Poor blood circulation is a common occurrence in various population groups. Elderly people also suffer from muscle cramps, with 67 % having cramps less than 3 times a month, 4% suffer severe venous disorders. 67 % of triathletes, 18-70% of cyclists, and 30 -35% of football players suffer from muscle cramps. Indian Environmental Portal states 1/3 of 140 million working people commute on foot with travelling distances up to 10 km. Human body weight plays a vital role in muscle fatigue and cramps. 5% of Indians suffer due to being overweight, which leads to cramps due to excess mechanical stresses and its pro-inflammatory state. - The acceptance of compression wearable products in daily life has increased tremendously in the last few years. With 17.74% of the total world population, this is a tremendous market opportunity for India. Such a wearable product could also create future research scopes, new job opportunities, and substantial market space. - The potential market includes long-standing professionals, frequent travelers, pilgrims, the elderly, women’s and athletes, and the size of this overall market is 38 million nationwide. - Textile has been a core sector for India, whereas it is still an expensive task in western countries. By convening and leveraging Indian resources and expertise in textiles and upgrading and broadening our textile sector through such projects could effectively scale innovation and have a “game-changing” impact in the field of smart textile solutions.
Solution (product or service)
The main device consists of three main components: a) Sleeves; b) Bladder (placed inside the sleeves); c) Electrical circuit. The sleeves are designed using weft-knitted 3-D spacer fabric (mesh fabric), which gives it a cushioning effect and makes the product user feel extremely dry (sweat-free) due to the very high breathability of the fabric. Also, the sleeves are designed as per the dimensions of average leg shape with adjustable injection molded Velcro tape wraps which make it fit any leg size. The Bladder is basically a 3 chamber air bladder system, and every chamber is connected to the previous bladder chamber. The bladder is connected to the compressor and valve that inflates and deflates the bladder sequentially. Also, the bladder has air gaps in between, which makes it an air-permeable device. The circuit includes one air compressor to inflate the bladder and a solenoid valve to deflate the bladder, and a controller to time control the various components.
#1 COMPRESSION STOCKING/ SOCKS Companies: AG(Germany), Pretty Legs Hosiery(UK) , Juzo(US), Thuasne Corporate(EN) Similar Product: COMPRESSION BANDAGES Companies: Essity(Sweden), Paul Hartmann AG(Germany), Smith & Nephew plc(UK)
#3 SHAPE MEMORY BASED PORTABLE RECOVERY DEVICE Company: Recovery force(USA)
#4 SMART TEXTILE COMPRESSION SYSTEM Our product (INDIA)
Advantages or differentiators
#1 COMPRESSION STOCKING/ SOCKS Similar Product: COMPRESSION BANDAGES - Only static compression - No pressure control - No pressure monitoring - Size selection issues (for stocking) - Uneasy donning - Pressure loss with time
#2 INTERMITTENT PNEUMATIC PUMP - Very bulky sleeves and circuit - Multiple tubes and wires. - Not portable - Makes patients immobile while use - Heavy sweating - Very very costly - Provides only dynamic compression - Non textile based (poor comfort/drape) - Diffing in donning
#3 SHAPE MEMORY BASED PORTABLE RECOVERY DEVICE - Very costly technology - Need heat activation to activate - Very slow massaging speed - Non textile based (poor comfort and drape)
#4 SMART TEXTILE COMPRESSION SYSTEM Our product (INDIA) - Provides static as well as dynamic compression - Portable than ever - Textile based so breathable and comfortable - Affordable than ever - Tubeless and wireless design - Universal size fit
REVENUE STREAMS - Online Sales - Corporates - Hospitals - Retail: Direct to Customers
COST STRUCTURE - Working Capital ( ~ 30%) - Workforce:operations cost (~ 20%) - Marketing/Business development (~ 20%) - Research & Development (~ 20%) - Miscellaneous (~ 10%)
KEY PARTNERS - Incubated at FIIT Indian Institute of Technology (IIT), Delhi. - All India Institute of Medical Sciences (AIIMS), Delhi. - NGOs - Hospital Clientele (Indian Medical Association) - Corporate Clientele
KEY ACTIVITIES - Research and development (with AIIMS) - Contract Manufacturing - Inventory Management - Supply Chain/Logistics - Sales/Business Development - Designing: Graphic, Fashion, etc.
KEY RESOURCES - 50+ Pre-orders for FabRelax - Established Kawach Brand (over 4 million units sold) among 150+ Hospitals - Retail Distribution Network - Media Attention (50+ Publications) - 5+ Patents - Experienced Team with complementary skills
DISTRIBUTION CHANNELS - Premium sellers on multiple e-Commerce platforms - Corporate relations with industry leaders such as Jindal Steel - Functional at over 150+ hospitals
Money will be spent on
We seek funds to grow from a $0.09 M monthly revenue to a $0.25 M (USD) monthly revenue. We plan to distribute received funds in the following manner:
- Production (~30%) - Workforce (~ 20%) - Research & Development (~20%) - Marketing (~20%) - Miscellaneous (~10%)
Offer for investor
10% Equity Funding needed: $0.6M Evaluation of ETEX: $6M
Production and scalability will be a challenge considering the severe crisis in the country due to COVID19.
Incubation/Acceleration programs accomplishment
E-Tex is currently incubated at FITT, Indian Institute of Technology, Delhi. (https://fitt-iitd.in/). We have received grant and loan support from the Department of Science and Technology (DST, India) for an amount of $0.06M.