The EU-based startup Raccoon.World, that helps people to recover from injuries and neurological diseases, receives 660,000 euro funding from Fast Track to Innovation. The grant money will be spent on further R&D, scientific research, and certification of the renewed product. The startup is looking for partners.
What does Raccoon.World do?
Raccoon.World is German MedTech startup. It works with physiotherapy facilities and health insurance companies to provide full-scale digital rehabilitation. The startup is focused on rehabilitation after stroke and musculoskeletal disorders.
The digital physiotherapy platform Raccoon.Recovery allows physiotherapy professionals to build the whole treatment course digitally — from examination of patient condition to building a gamified exercise course and patient progress monitoring. To track patient movements during exercises, Raccoon.World provides sensors (or the patient can use his/her smartphone instead).
The solution is used both inside the facilities and for telerehabilitation. Thus, the therapist can be brought to your home through the Internet that is especially important during COVID times.
What is FTI?
The Fast Track to Innovation (FTI) is now a central part of the European Innovation Council (EIC) pilot, targeting radically new, breakthrough products, services, processes or business models that open up new markets.
For Raccoon.World, FTI was the next step after getting the Seal of Excellence from EIC Accelerator.
How will the money be spent?
The FTI grant supports applicants by covering 60% of the budget for a specific project within the company activity and can be spent mostly on R&D tasks. In case of Raccoon.Recovery platform, the money will go on further product development, including scaling to full-body product from hand-and-arm solution, clinical trials of new solution functionality that will expand the automation of therapists’ everyday routine, IP protection and an MDR certification of the renewed product as a medical device. The grant program will last approximately 2 years.
Raccoon.World is looking for partners
Raccoon.World is already supported by powerful partners, including corporates, research institutes and associations. To master the grant money, the startup is now looking for additional EU partners (preferably in Poland and Germany) to join them in further creating of Raccoon.Recovery:
“Being recognized by EIC and funded by the FTI is a great honour for Raccoon.World”. — Svitlana Malovana, startup’s CEO and co-founder says. — “For our team, it is not so much about money, it is the recognition that we are building a great product that fits the market, have a viable business model and our vision on how to put our ideas into life is totally realistic. This is very important for Raccoon.World because we have big plans and are going to grow very fast — to keep to the plan, we will open the new investment round in 2021, so we invite interested investors for negotiations”.
Contact us to discuss partnership opportunities
Anna Bezrodna, CBDO at Raccoon.World
HQ in Berlin, Germany
Bessemerstraße 82, 10. OG Süd, 12103 Berlin
Operational company in Krakow, Poland
Raccoon Technologies Poland sp. z o.o.
ul. Kacik 4, 30 – 549 Kraków