Intalim, Keio Innovation Initiative, 3D Prosthetics Start-up Raises Total ¥ 84 Million from Deep Core and Launches the World’s First 3D Printed Artificial Leg Business in the Philippines
Instagram Ltd Intalim, Keio Innovation Initiative, 3D Prosthetics Start-Up Raises ¥ 84 Million from Deep Core and Launches the World’s First 3D-Printed Prosthetics Business in the Philippines ………………………………………………………………………………………… Instarim Co., Ltd. develops low-cost 3D printed prosthetics using 3D-CAD, 3D printing and machine learning (AI) technology (Head office: Setagaya-ku, Tokyo; CEO: Yasushi Tokushima, hereinafter “the company”) Raised a total of ¥ 84 million through third-party allotment of shares to Keio Innovation Initiative, Inc. (hereinafter, KII) and Deep Core, Inc. (hereinafter, Deep Core). In addition to launching the world’s first * 1 3D print knee prosthesis business under the world’s first * 1 through a local subsidiary established in the Manila metropolitan area in the Philippines, this fund raising has promoted research and development of new products such as 3D print thigh prosthesis. You [Image 1: https://prtimes.jp/i/35921/2/resize/d35921-2-635753-0.jpg] Instagram Inc. Team member photo
▼ News Release (PDF Download) prtimes.jp/a/?f=d35921-20190618-9174.pdf
■ About social issues that our company addresses Conventional artificial leg production requires a large amount of manufacturing process and equipment costs, and the technical skills of a prosthetic limb orthologist to be manufactured according to the individual patient, so it is expensive as 30 to 1 million yen * 2 per piece, and The delivery time usually takes about 2-3 weeks. Therefore, there are many people who are unable to purchase such expensive artificial legs mainly in emerging and developing countries, and it is difficult to participate in society. Even in a single Philippines country, there is a reality that more than one million people * 3 can not obtain the necessary artificial leg.
■ About our solution We have originally developed custom mass production solutions * 4 for prosthetics and orthotics, including 3D printers dedicated to making prosthetic limbs and 3D modeling software with shape recommendation functions based on proprietary algorithms. This makes it possible to reduce costs and delivery times by approximately one-tenth the conventional amount, and to provide artificial legs to many users, including emerging and developing countries. In addition, we are aiming for further cost reduction and period shortening by fully automatic modeling function using AI algorithm under development. This solution has been tested in the Philippines under a 3D-printed knee prosthesis in collaboration with the University of the Philippines General Hospital. Completed various tests such as real-life trials for 50 subjects and verified the manufacturing process, and completed preparation for commercialization. [Image 2: https://prtimes.jp/i/35921/2/resize/d35921-2-738652-1.jpg] 3D printed prosthetic foot “Instanimb” Following the success of the trial, we opened an office in the Metro Manila metropolitan area in the Philippines in May, and started the 3D printed knee lower leg prosthesis business in that area. With this funding, we will fully promote sales activities of 3D printed knee prosthesis, and promote research and development of new products such as 3D printed thigh prosthesis. Through this project, we will propose a new way of manufacturing from Japan with the aim of realizing our vision “to create a world where all people who need it can get prosthetic devices.” Please see the following video together with our business overview. ・ Insta Rim Story: To deliver prosthetics to all who need it https://youtu.be/E6B1e6o0f_E [Video 2: https://prtimes.jp/api/movieim.php?t=youtube&url=www.youtube.com/watch?v=E6B1e6o0f_E] ・ “The world is now-JETRO Global Eye” “Delivering prosthetic legs in the Philippines-A step to start with 3D technology” www.jetro.go.jp/tv/internet/2019/05/0c798e25f175d2c2.html
■ Representative message [Image 3: https://prtimes.jp/i/35921/2/resize/d35921-2-595488-2.jpg] Instalim Co., Ltd. CEO Tokushima Tai This prosthetic footing project is triggered by a patient with a broken leg for diabetes that I met in the Philippines in 2014 when I was a Japan Overseas Cooperation Volunteer. In the Philippines, despite the fact that many people suffer from diabetes, mainly due to poor nutritional status, most of them can not have an artificial leg, they can not have a decent job, and they are in a poverty chain. The fact is that you have been swallowed. This is not a problem only in the Philippines, but a global problem. In order to solve this problem, after returning from the Japan Overseas Cooperation Volunteers, I spent four years with my fellows and received many kinds of cooperation and support from various fields, and produced artificial legs at low cost. We have completed the development of the solution to be realized, and we have finally made it to the start of our business in the Philippines. In response to this, KII and Deep Core joined to raise funds through third-party allotment. All Instalim employees have a strong passion and confidence in providing prosthetics to all who need it with this solution. Please look forward to the future of Instalim.
■ Investor comment [Image 4: https://prtimes.jp/i/35921/2/resize/d35921-2-265704-3.jpg] Hirotaro Yamagishi President and CEO, Keio Innovation Initiative, Inc. In emerging countries such as the Philippines, most of the people in need do not have enough artificial leg due to lack of price and specialized human resources, etc., and Instalim is the only one that can solve this situation. It is a startup. I was able to invest in Tokushima-san’s enthusiasm and ability to make an artificial leg with a 3D printer and deliver it to all who needed it. We will do our best to support the vision of the Instagram.
[Image 5: https://prtimes.jp/i/35921/2/resize/d35921-2-142188-4.jpg] Katsumasa Niki Deep Core Co., Ltd. President and CEO With a vision of “making a world where all people in need get access to prosthetics,” Instalim is developing proprietary prosthetics using AI and 3D printers. By achieving a significant cost reduction compared to conventional products, it has become possible to approach not only the existing prosthetic leg owners, but also the layers that they originally need. DEEPCORE aims to “change the world with technology” and will actively support the instalim that will transform the market with AI and advanced technology.
■ About the outline of the investor etc. of this matter 1. KII ・ Operator: Keio Innovation Initiative, Inc. ・ Location: 1-4-28 Mita, Minato-ku, Tokyo Mita International Building 10F ・ Representative: President and CEO Hirotaro Yamagishi ・ Establishment: December 2015 ・ Business description: Investment and development for startups utilizing the results of Keio University ・ HP: www.keio-innovation.co.jp/ 2. Deep core ・ Operator: Deep Core Inc. ・ Location: 4-1-4 Hongo, Bunkyo-ku, Tokyo Unizo Hongo 4-chome Building 3F, 4F ・ Representative: President and Representative Director Katsumasa Niki ・ Business description: Incubation business and VC fund business ・ HP: deepcore.jp/
■ About Instagram Company Name: Instalim Co., Ltd. Representative: Taito Tokushima Description of business: Development, manufacture and sales of 3D printed prosthetic device URL: www.instalimb.com/ Location: Manila Office Unit 2512, Centuria Medical Makati, Kalayaan Avenue, Brgy. Poblacion, Makati City, Metro Manila, 1210, Philippines. Tokyo office Setagaya-ku, Tokyo 2-4-5-309c (IID Setagaya Manufacturing School) ※ 1: “world’s first” Our investigation. As a 3D printer / CAD artificial foot business with a custom mass production system built on the premise of commercialization, rather than providing free samples. ※ 2: “3 to 1 million yen per bottle” Our investigation. Except for donation activities by the International Red Cross and Indian NGOs, etc. ※ 3: “more than 1 million people” Based on the data from the Japan International Cooperation Agency (JICA) “Basic research on 3D printing artificial leg production solution business in the Philippines”. Total number of disabled / leg-cutting patients (490,000) who require below-the-knee prosthetics in the country and diabetic gangrene patients (740,000) as potential users who originally need under-the-knee prostheses. Approximately 50,000 people who have already gained prosthetic foot (the Company estimates this with reference to Bundoc, J, R. 2010. The Challenges of “Walking Free” form Disability, ACTA MEDICA PHILIPPINA, Vol. 44, No. 2) Except for 1.18 million users are assumed to be required. ※ 4: “Custom mass production solution” This is a so-called mass customization, a production system that combines customization according to the individual needs of the user and low-cost supply comparable to mass production. As it is essential to provide prosthetic legs in accordance with the shape of the stump (cutting section) of each patient, global dissemination is provided by combining low cost mass production with personalized order production. It is essential.
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