EXO Dynamics is in the final stretch of commercializing its mechatronic back brace in Ann Arbor and hopes to begin commercializing it next year.
The 1-year-old company is working on an electro-mechanical back brace for medical professionals. The brace is to help patients prevent injury and lessen pain without reducing mobility.
"We're probably 4-5 months away from putting it all together," says Mushir Khwaja, chief commercial officer for
EXO Dynamics.
The start-up launched out of the
TechArb last year and has since transitioned its team of six employees and few summer interns to the Venture Accelerator in the university's North Campus Research Complex. The company is also in the process of bringing on a new CEO with experience commercializing bio-technology before the end of the year.
"We're hoping once we have that solidified we can make a better run at landing seed capital," Khwaja says.
EXO Dynamics has raised $90,000 in grants and convertible notes so far. That number includes financing from the Michigan Micrloan Fund it received earlier this fall.
Source: Mushir Khwaja, chief commercial officer for EXO Dynamics
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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