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Eyeclick, selftest, cleareye, vision…, . MIT Sloan School of Management Jeff Anderson MIT Media Lab – Camera Culture Erick B. Passos Vitor F. Pamplona Alex Olwal Ramesh Raskar MIT System Design & Management Rupreet Singh Soni Vivin Nath. Picture name, patented, cool, amazing unique.
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Eyeclick, selftest, cleareye, vision…, MIT Sloan School of Management Jeff Anderson MIT Media Lab – Camera Culture Erick B. Passos Vitor F. Pamplona Alex Olwal Ramesh Raskar MIT System Design & Management Rupreet Singh Soni Vivin Nath
Cataract – leading cause of blindness • Clouding in the eye’s lens • Cataracts: Worldwide: > 100 M USA: 5.5 M Treatment: only 1.3 • 2020 >12M Americans 65+ will need cataract treatments • Society cost for blind individual • Approx 1 M USD (national something of the blind)
Solution – Product Description - Erick • Clip-on device, attached to smart-phones • No moving parts • Interactive software, no need for special training
Patented eye measurement technology • Modified parallax barrier • Smart-phone LCD + patented optical setup • Forward scattering • Measures how cataracts affect the subject’s vision • Other methods rely on back scattering • Quantitative results • Computes a map of cataract opacities in the subject’s crystallin lens Cataract-map
Currently Available Diagnostics • Slit-lamp ($1500+) - specialized microscope to increase the magnification of the eye • Visual Acuity Test - detects advanced cataracts • Wavefrontaberrometer– limited avilablility & used for research only • Optical Coherence Tomography ($1500+) – limited availability
Nov’11 Dec’10 Jan ‘11 Feb’11 Mar '11 Apr'11 May'11 Jun'11 Jul'11 Aug'11 Sep'11 Oct'11 Nov'11 Dec'11 Jan'12 … Business Roadmap Technology Developed Hit the market Patent filing International expansion Human Subject Test (n=40, 100% pass) Complete financing Establish Production Agreements ISO 13485 Certification Establish Sales Agreements IRB Test Authorized Class 2 FDA Application Product line expansion Prototype completed
Pricing Model Market Reach in 2011 Market Reach in 2013 Market reach: Whole of US
Financial Information & Projections Funding required in 2011: $500K Phased funding on fulfillment of milestones
Team • Jeff Anderson- MBA’12, MIT Sloan – Jeff has 9 years of sales and management experience in Asia, Europe & North America • Erick B. Passos - visiting researcher & co-inventor – Erick is a CS professor with 19 years of programming experience • Vitor F. Pamplona- visiting PhD student & co-inventor – Vitor has 10 years experience in computer graphics and eye research • Alex Olwal– Ph.D. Postdoctoral Researcher, MIT Media Lab – Technical lead • Rupreet Singh Soni- SDM’11, MIT – Rupreet has 7 years of IT consulting experience • Vivin Nath- SDM’11, MIT – Vivin has 9 years of software and program management experience in Asia, Europe and North America • RameshRaskar– Mentor – Associate Professor MIT Media Lab
Name thoughts iJesus Lucid clear Eye… Vision Cataract Blind Lazarus