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WORLD LEADING BUSINESS SUPPORT

Enzo Romero

LAT Bionics

Cutting edge prostheses accessible to all

Enzo Romero – LAT Bionics play

“Through the LIF we improved our team, identified our strategy, and perfected our business model.”

Overview

LAT Bionics develops assistive technology for people of low income in developing countries. LAT Bionics creates affordable personalised hand and arm prostheses. There are two models of prostheses available: body powered or robotic, they are developed using 3D printing technology and are bespoke according to each patient. There are around 2.4 million people with an upper limb amputation condition living in developing countries. Without health insurance, the price of even the simplest prosthetic limb is prohibitive. LAT Bionics uses digital scanning, 3D printing and specialized software to manufacture 75% faster than current processes and reduces the cost to a third of the price of commercially available options.

Country of Origin: Peru

Website: www.patreon.com/latbionics

People in the team: 5

The most valuable parts of the LIF+ programme

  • Support to develop and understand business model
  • Accessing a wide network of peers, mentors, and alumni
  • Help to understand regulatory landscape
  • Developing pitching and networking skills
  • Mentoring to work smarter and more refined
  • Clarifying direction and strategy

“At the very beginning, the LIF+ programme was oriented to people that were figuring out if their research could be turned into a company, for us, it was very, very important because back at that time we needed this kind of clarification. Through the LIF+ programme we improved our team, identified our strategy, and perfected our business model. It helped us identify how to get our product into the hands of the ones that need it most. The LIF+ programme’s tailored one-to-one mentoring helped us to refine the way we work.”

“We would like to expand to seven cities here in Peru by the end of this year, and then into Ecuador and Bolivia. We believe that we can expand successfully with a franchise model where we establish satellite companies, give them our 3D scanners and our protocols to teach their occupational therapists and psychologists how to develop the pre-prosthesis phase. Then we will use our software here in our headquarters in Lima to develop and send the finished files back. We believe there is a huge market in Mexico and Brazil, which we hope to explore in the next five years.”

SETsquared is a partnership between

  • University of Bath
  • University of Bristol
  • University of Exeter
  • University of Southampton
  • University of Surrey