Title
DemenChart
Problem/Opportunity
1
No one has produced a reliable wholistic system to measure functional decline (based on changes in patterns and thinking) for Dementia patients. Data collection is full missing events.
2
There is not enough focus on the disposition of the caregiver who could use such data to their advantage.
3
The noise emanating from all the latest reminder and warning systems is creating a cacophonous environment.
No one has produced a reliable wholistic system to measure functional decline (based on changes in patterns and thinking) for Dementia patients. Data collection is full missing events.
2
There is not enough focus on the disposition of the caregiver who could use such data to their advantage.
3
The noise emanating from all the latest reminder and warning systems is creating a cacophonous environment.
Value Proposition
DemenChart will be a highly customizable data collector, providing analytics and more importantly synthesis on problems pertaining to each individual.
Underlying Magic
The Application will create a seamless relationship between a GPS smartwatch, tablets (crucial for one's daily calender of things to do) and smartphone, each which can be used on a standalone basis or in tandem with eachother. The App will support a social interface which will include all family members, caregivers and medical stakeholders who are assisting the patient through their journey. This interface will include the following interactions:
1
Skype-like call access between users, increasing daily contact with family members and reminding the patient of the web of support they have.
2
Geofencing on the smartwatch to alert the patient they are out of radius; the watch will prompt the patient which direction is home, including time and distance to get there. It will also provide buzz reminders for taking medication and appointments.
3
The tablet will be connected to smarthome IOT connections, reminding them if watertaps are open, washer/dryer cycles are finished, coffee is on, etc.
4
Our team will include a sound designer to allow individuals to choose an appropriate sound and voice design.
1
Skype-like call access between users, increasing daily contact with family members and reminding the patient of the web of support they have.
2
Geofencing on the smartwatch to alert the patient they are out of radius; the watch will prompt the patient which direction is home, including time and distance to get there. It will also provide buzz reminders for taking medication and appointments.
3
The tablet will be connected to smarthome IOT connections, reminding them if watertaps are open, washer/dryer cycles are finished, coffee is on, etc.
4
Our team will include a sound designer to allow individuals to choose an appropriate sound and voice design.
Business Model
It will be sold as an App with a monthly subscription fee to be covered by a health-care program, on the basis of savings in annual costs to the government.
Go To Market Plan
1
Set up website App, refine for market fit and set up on Itunes
2
Market to hospital,Alzheimer Societies and individuals
Set up website App, refine for market fit and set up on Itunes
2
Market to hospital,Alzheimer Societies and individuals
Competitive Analysis
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Memory Apps for DementiaNew research has found that iPads can help people with dementia to have a better quality of life. University of Worcester assessed pilot projects using iPad touchscreen devices with adults with dementia in the South West and West Midlands.They found that touchscreen devices such as iPads can make a positive contribution to helping people to live well with dementia.
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MyleMYLE TAP is a touch-activated wearable voice recorder that helps you take notes and launch applications without having to touch your smartphone. Just tap MYLE TAP and say your thought, idea or instruction - MYLE TAP will instantly memorize it and take care of the rest.
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Management Team
Program Coder, UX Designer, Marketing, Sound Design, Business
Financial Projections and Key Metrics Current Status,
To be determined
Accomplishments to Date, Timeline and Use of Funds
Assembling team members
In Ideation stage; no funds needed at this time.
Facts
Number of people living with dementia worldwide
47.5 million
Projected increase by 2030
75.6 million
Projected increase by 2050
142.5 million
47.5 million
Projected increase by 2030
75.6 million
Projected increase by 2050
142.5 million
Number of people living with dementia in Canada (2011)
747,000
Percentage of Canadians 65 and older with dementia (2011)
14.9%
747,000
Percentage of Canadians 65 and older with dementia (2011)
14.9%
Combined direct (medical) and indirect (lost earnings) costs of dementia per year in Canada
$33 billion
Total if nothing changes by 2040
$293 billion
$33 billion
Total if nothing changes by 2040
$293 billion
