PSYONIC's mission is to redefine what it means to be human through advances in biointegrated technologies. Our first product is an advanced bionic hand that is affordable for people with amputations worldwide.
There are 11.4 million people with hand amputations worldwide. 80% are in developing nations. Less than 3% have access to adequate, affordable, prosthetic devices. Our bionic hand has more functionality than $30000 prosthetic hands. It is easy to control, provides touch feedback, and is robust to impacts. Our hand is also affordable, and our goal is to have it be completely covered by insurance at no out-of-pocket costs to users.
When PSYONIC CEO and Founder Dr. Aadeel Akhtar was 7 years old, he met an amputee for the first time. She was his age, living in poverty in Pakistan. At the time, he wondered how they could share the same ethnic heritage but have such vastly different qualities of life. As he grew older, he realized that this was due to a lack of resources. For that reason, he started PSYONIC, a company whose mission is to develop advanced prostheses that are affordable for everyone worldwide.
2015 Cozad New Venture Competition - $10k, 1st Place University-Funded Startup
2015 Cozad New Venture Competition - $15k, Samsung Research Innovation Prize
2015-2016 VentureWell Stage I E-Team - $5k
2015-2016 iVenture Accelerator - $10k
2016 Illinois Innovation Prize - $20k