This document presents an at-home insulin pump as a solution for diabetes patients. It discusses how existing insulin pumps are inconvenient and large. The proposed pump would be small and discreet, resembling a belt. It would allow diabetes patients to easily administer insulin from home. The business model would either involve selling directly to consumers or to doctors and hospitals. FDA approval is the first step before pitching it to potential manufacturing and medical partners.
This document presents an at-home insulin pump as a solution for diabetes patients. It discusses how existing insulin pumps are inconvenient and large. The proposed pump would be small and discreet, resembling a belt. It would allow diabetes patients to easily administer insulin from home. The business model would either involve selling directly to consumers or to doctors and hospitals. FDA approval is the first step before pitching it to potential manufacturing and medical partners.
This document presents an at-home insulin pump as a solution for diabetes patients. It discusses how existing insulin pumps are inconvenient and large. The proposed pump would be small and discreet, resembling a belt. It would allow diabetes patients to easily administer insulin from home. The business model would either involve selling directly to consumers or to doctors and hospitals. FDA approval is the first step before pitching it to potential manufacturing and medical partners.
PRESENTATION AND PITCH CAN LOOK LIKE! INSULIN PUMPS WE ENCOURAGE YOU TO HAVE MORE CREATIVITY ALREADY EXIST. WITH THE FORMAT OF YOUR PITCH. Diabetes Breakthrough: At Home Insulin Pumps BMES Project WHAT IS INSULIN?
A hormone in pancreas that
regulates the amount of glucose in a person’s bloodstream The Problem ● Diabetic patients do not produce enough insulin ● Inadequate amount of insulin leads to too much blood sugar in the bloodstream (hyperglycemia) ○ Can lead to heart disease, vision loss, and kidney disease INCREASE OF DIABETES The Solution ➢ A device that pumps insulin with the push of a button from the comfort of your own home Target Audience ➢ This device’s intended use is for individuals with type 1 diabetes but also can be for type 2 diabetics Competition ➢ Dr. Arnold Kadish’s first closed loop insulin pump ➢ Issues: Inconvenient, too big in size How We Are Unique ➢ Very convenient and easy to use. Want to be more accessible throughout the day ➢ Simple design similar to a belt ➢ Lightweight and discrete Business Model B2B Model B2C Model
■ Selling to doctors and ■ Selling direct to consumers
hospitals through a website ■ This device can be prescribed ■ Selling through in-person and used by patients stores and pharmacies Go-To-Market Strategy 1. Working on acquiring FDA approval 2. Take FDA approved device and pitch to doctors and hospitals 3. Looking into manufacturing partners to mass produce insulin pumps 4. Work on selling B2B as MVP model Conclusion
Aiming to give diabetic patients the
portable freedom to administer insulin anywhere with ease! THANK YOU