Inception- 2019

Location- Bengaluru

Domain- Medtech (assistive technology)

Founders- Vinay V and Nilesh Walke

Total team strength- 6

Total funds raised- Rs 90 lakh

Investors- Received grants and investments from Govt and private organizations

Revenue generated since inception- Rs 20 lakh

Key highlights-

• Provides highly functional prosthetic arms at affordable prices
• Winner of Elevate 2019 Grant. - July 2019- Government of Karnataka
• One among the top five innovators in CAHO Pitch Fest 2019  held at IITM Research Park- Sep 2019
• 2nd Prize in Velammal Healthcare Innovation Award - Nov 2019
• Multi grasping and articulated trans radial prosthesis” – Patent filed by the founders during their tenure in Indian Institute of Science. Grasp Bionics has obtained exclusive licence for the same
• Patent filed for “A PROSTHETIC HAND AND METHOD FOR OPERATING THE SAME” is under preparation
• Awarded by Global Health and Pharma as “Most Innovative Wearable Bionic Devices – India”
• Pilot Launched the product- Jan 2022
  
  
  

Founder speaks-

"Our ambitious plan is to bring independence and dignity to as many people as possible. We plan to achieve this by establishing Strategic partners for disruption both rurally and globally. We plan to transit from being a startup to an established provider of Prosthetic arm manufacturers. Currently this being a niche market and the impact of pandemic we forecast a slow growth rate. But with increased awareness, technological changes, innovation and with appropriate support from the government we expect it to grow." 

- Vinay V, Co-Founder and Director, Grasp Bionics, Bengaluru