Business Medical

Exoskeleton Startup Cosmos Bionics Strikes a Deal on Shark Tank Egypt

Exoskeleton Startup Cosomos Bionics Strikes a Deal on Shark Tank Egypt

The Egyptian startup medical exoskeleton company Cosmos Bionics was featured in an episode of Shark Tank Egypt, which aired last month. The CEO of Cosmos Bionics, Mina Ashraf Sadek, and his team presented in front of the sharks and then answered their questions for a broadcast segment of 24 minutes in run time. The pitch includes that there are over 2 million people in Egypt alone who suffer from mobility impairment.

The YouTube clip from Shark Tank Egypt (above) is in Arabic, but depending on your geographical region, you may be able to play it with automatically translated close captions. If that fails, you can use the Google Translate app in audio input mode to translate chunks at a time.

In the end, Comsos Bionics accepted an offer from one of the sharks, for 3 M EGP (roughly $100k), in return for a 10% stake in the company. The investment money is planned to be used primarily for research and to start the certification journey towards ISO 13485 (Certification for Medical Devices), CE mark.

In addition to successfully securing an offer, the Cosmos Bionics presentation introduced lower-body exoskeleton technology to the North African region. The two reposts of the episode on YouTube have over 250,000 combined views alone.

About the Cosmos Exoskeleton:

Cosmos is a lower-body powered hip-knee exoskeleton for walking assistance by the Egyptian startup Cosmos Bionics. It can also be considered a powered limb orthosis dedicated to enabling people with mobility impairments the opportunity to walk independently (while under constant supervision). Similar to many devices of its kind, it requires crutches or other balance aids and good core and upper body strength by its user.

The current prototype is relatively lightweight, standing at around 14 kg (31 lbs). It does not have a backpack component. The design calls for the footprint of the exoskeleton to be small enough that it can be worn while seated in a regular wheelchair.

The Cosmos exoskeleton is loaded with wearable sensors, which are used both to control the device and to transmit the user data to physical therapists via an Android App. The device can be controlled by leaning forward to walk, standing upright to stop, and leaning backward to sit down. The exo can also be controlled wirelessly through the Android App.

Cosmos Bionics has a growing YouTube channel (link) with more use cases and information regarding its medical exoskeleton project.

About Cosmos Bionics:

Cosmos Bionics Ltd. is a product development startup company founded in Egypt in 2022, aiming to manufacture powered medical exoskeletons and other technologically advanced bionic products.


Featured image (top): Screen capture from the Cosmos Bionics presenting on Shark Tank Egypt, distributed by CBC Egypt, accessed via YouTube (link).

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