Improvements in patient care and quality of life are our passion and goals. We focus on medical devices and technologies that address orthopedic and geriatric care. We allocate funding and resources to help innovative technologies reach patients. Our objective is to support development of medical devices that improve patients’ quality of life. We focus on devices that have a significant positive impact on patients – from diagnostics to surgical tools to mobility aids. The Problem Product developers are working tirelessly to design better devices and technologies for patients. However, innovative products are often prevented from reaching patients due to funding shortages at critical stages. While these early-stage developers have often contributed their personal funds, raised funds from “friends and family”, and received funding from angel investors, this funding is insufficient for stages such as FDA review, initial production and distribution. These developers are often small and lack sufficient cash flow or a proven track record. They do not meet the criteria required by many angels, VCs, or even double bottom line investors. They are caught in the Funding Gap. The Abacus Solution As a charitable organization, Abacus helps these technologies reach patients by providing funding – often during this critical Funding Gap. We offer equity, debt, convertible debt, bridge loans, and guarantees. Funding Allocation Criteria Abacus conducts a rigorous due diligence process similar to that of other funding sources but with different benchmarks. Abacus also requires that qualitative patient-focused benefits are expected. Abacus’ current focus is on US-based companies, recognizing that these companies may provide solutions that benefit patients in both developed and developing countries. Would You Like to Help? You can help develop medtech products: • Make a donation • Become a Founding Donor • Help source and review products • Volunteer to help Abacus
