Frequently Asked Questions
This section provides answers to commonly asked questions, helping users find the information they need quickly and easily.
What is the scientific basis for Remedy Bank?
Remedy Bank is based on established research in photobiomodulation (PBM), pulsed electromagnetic field therapy (PEMF), chronobiology, and the role of mitochondria in health and disease. Remedy Bank delivers a unique approach by combining proven biophysical therapies with cutting-edge AI and a novel ‘walking biobank’ model.
How does Remedy Bank incorporate scientific expertise?
We work closely with leading researchers, including Prof. Glen Jeffery (UCL), to ensure that our technology is grounded in the latest scientific evidence and best practices. We have designed Remedy Bank for flexibility and aim to publish our data regularly. We are also committed to partnering with academic institutions to conduct clinical trials and validate our technology.
Can Remedy Bank be used for research purposes?
Yes. Remedy Bank is designed to collect and analyse anonymised biodata, which can be used for a variety of research purposes, including studies on sleep, energy metabolism, and the effectiveness of personalised interventions.
What is Remedy Bank’s business model?
Remedy Bank uses a reward-based subscription model, offering a range of plans to fit different user needs and budgets. This subscription structure builds on the freemium subscription for the token incentive to share data. This model has a low friction entry which enables a greater user base.
What is Remedy Bank’s competitive advantage?
Remedy Bank has a first-mover advantage in the emerging market for home-based mitochondrial wellness platforms. Our integrated ecosystem, personalised approach, and tokenised rewards create a strong value proposition and a competitive edge.
What is Remedy Bank seeking in terms of funding?
Remedy Bank is currently seeking $100,000 in pre-seed funding to finalise the MVP, secure IP, and refine the AI engine.
What is Remedy Bank’s exit strategy?
Potential exit strategies include acquisition by a larger health tech company, an IPO, or strategic partnerships with insurers or hospitals.
How is Remedy Bank aligned with Deep Tech?
Remedy Bank aligns with organisations supporting deep tech innovation (e.g. Cicada) that address significant global challenges. By improving metabolic health and empowering individuals to take control of their well-being, Remedy Bank has the potential to create a significant social and economic impact.