Alt-Bionics, during its promising entry back in late 2019, when the newly emerging stat-up competed at the University of Texas at San Antonio (UTSA) Tech Symposium introducing its robust potential. The start-up completed second to 3BM’s infrared paint-curing system, however, Alt achieved the number one position in capturing national as well as international headlines portraying the strength of a potential technology.
An article published on the University site identified, that the technology proposed by Alt offers a $700 worth Prosthetic hand which is a mere snippet of the commercial costs of Prosthetic available in the market. Most of the content covered by the write-up is primarily focused on the story-telling associated with the team’s journey beginning from idea formation to developing a marketable, and realistic product. Alt-Bionics team has been narrating product development all over social media. During a discussion with TechCrunch, Alt-Bionics CEO, and co-founder Ryan Saavedra shed light on the prevailing Prosthetic market and critical aspects of the start-up.
When asked about the project timeline, Saavedra shared that it is still in its infancy phase nearing approximately 42% completion. The current developments suggest that company’s device will enter the market in a year from the closing of the Alt’s seed round of financing. So far, the CEO stated that the company has raised $142,000 of the $200,000 goal expecting to close the continuing round by September.