Forbes: Darden Alumni Startup Will Seize Part of ‘Huge’ New Health Care Market

31 May 2017

By Jay Hodgkins

Forbes contributor Lauren deLisa Coleman recently tabbed a tech startup founded by University of Virginia Darden School of Business alumni Hoyoung Ban (MBA ’11) and Scott Kim (MBA ’11) as a company “leading the charge with awards and creativity” for the rehabilitation robot and exoskeleton market — a quickly emerging area of health care expected to reach $1.8 billion by 2020.

Their company, Neofect, uses advanced digital and robotics technology, data, and gamification to provide stroke victims with an in-home stroke rehabilitation solution called the Rapael Smart Glove.

“Our algorithm optimizes a sequence of rehab programs, for example, selecting different training games for each session, for individual patients. Think of it as Netflix for rehabilitation,” says Kim. “Based on the patient’s progress and personal goals, the software’s algorithm picks different games with different difficulties for each individual. The software will get smarter as we collect more data, just like Netflix knows what kind of movies you like.”

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About the University of Virginia Darden School of Business

The University of Virginia Darden School of Business prepares responsible global leaders through unparalleled transformational learning experiences. Darden’s graduate degree programs (MBA, MSBA and Ph.D.) and Executive Education & Lifelong Learning programs offered by the Darden School Foundation set the stage for a lifetime of career advancement and impact. Darden’s top-ranked faculty, renowned for teaching excellence, inspires and shapes modern business leadership worldwide through research, thought leadership and business publishing. Darden has Grounds in Charlottesville, Virginia, and the Washington, D.C., area and a global community that includes 18,000 alumni in 90 countries. Darden was established in 1955 at the University of Virginia, a top public university founded by Thomas Jefferson in 1819 in Charlottesville, Virginia.


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