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 delivers the world’s best business education experience to prepare entrepreneurial, global and responsible leaders through its MBA, Ph.D., MSBA and Executive Education programs. Darden’s top-ranked faculty is renowned for teaching excellence and advances practical business knowledge through research. 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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