Medical Software Startup Seeking Loan in Vadodara, India
Medical device startup needs funding for establishing the premises and testing critical-care technologies.
| Established | 0-1 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Medical Software + 1 more |
| Locations | Vadodara |
| Local Time | 7:15 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
420 thousand
for
12.0%
annual interest,
2
years
(Native Currency: INR 40,000,000)
Reason: To establish a facility necessary for certification and further development of our life-support syst...
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Collateral Available: USD 0
Includes physical assets worth
USD
74 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- We're a new medical technology company based in Vadodara, specializing in life-support systems for critical care situations.
- Our focus is on developing cutting-edge extracorporeal and critical-care technologies, like ECMO machines and automated CPR devices.
- Our team of 10 experts combines engineering skills with clinical insights to create advanced medical devices.
- We've developed prototypes of our products, including ECMO machines and related consumables, and are eager to move to the testing and certification phase.
- We're looking for investment to establish a facility necessary for certification and further development of our life-support systems.
- So far, we've invested around INR 1 crore in research and development to bring our products to the next level.
- Our market spans hospitals and healthcare providers who need reliable equipment for life-threatening situations.
- With the right backing, we aim to make a significant impact in critical care technology and support life when it matters most.
- Our focus is on developing cutting-edge extracorporeal and critical-care technologies, like ECMO machines and automated CPR devices.
- Our team of 10 experts combines engineering skills with clinical insights to create advanced medical devices.
- We've developed prototypes of our products, including ECMO machines and related consumables, and are eager to move to the testing and certification phase.
- We're looking for investment to establish a facility necessary for certification and further development of our life-support systems.
- So far, we've invested around INR 1 crore in research and development to bring our products to the next level.
- Our market spans hospitals and healthcare providers who need reliable equipment for life-threatening situations.
- With the right backing, we aim to make a significant impact in critical care technology and support life when it matters most.
Products & Services Overview
Our focus is on developing cutting-edge extracorporeal and critical-care technologies, like ECMO machines and automated CPR devices.
Assets Overview
Tangible assets:- ECMO machine prototypes worth INR 70 lakh.
Intangible assets:
- Website.
- Brand.
Facilities Overview
The business operates from secured leased premises with a carpet area of 4,500 sq. ft. spread across two floors. The premises are suitable for business operations and are leased for a 9-year term.
Capitalization Overview
- No loans outstanding.- 2 shareholders.
- Bootstrapped.
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