Saavedra’s team works on developing a prosthetic prototype. (Prototype iteration 1, not Alt-Bionics’ final product. Modified from the Brunel Hand 2.0 by Open Bionics, licensed under CC BY-SA 4.0.)
NOVEMBER 3, 2020 — A UTSA alum is taking a big step toward being a major disrupter in the bionic prosthetic industry. Ryan Saavedra ’20 is founder and CEO of start-up Alt-Bionics. His company just sent distributed investor packets nationwide looking to raise necessary funds to take the operation to the next level.
“I’ve been bootstrapping this endeavor for about seven months. Our engineers actually have a wish list that I can’t grant on my own right now,” said Saavedra. “Once we get funding, the first six months will focus on research and development and getting the necessary certifications.”
Alt-Bionics stemmed from Saavedra’s experience as an electrical engineering student at UTSA. He wasn’t certain where his education would take him until he learned more about robotic prosthetic devices and the very expensive prices they command.
“The engineering just doesn’t back up the pricing of these devices. We spoke with one patient who paid $89,000 for their bionic prosthetic,” Saavedra said.
This inspired Saavedra to build a robotic hand for UTSA’s Tech Symposium, the annual competition for students to showcase their design and engineering skills. Saavedra and his teammates set out to prove they could build an effective robotic hand for only $700—a fraction of the nearly six-figure price tag of many robotic prosthetics on the market today.
The team used an open-source robotics design as the foundation and modified it to meet their vision. A second-place finish at the Tech Symposium gave Saavedra the confidence he could develop a successful business model around his approach. However, he gained a passion for starting this business when he watched a military veteran who’d lost his hand in service put the robotic prosthetic to use.
“That was really overwhelming. His whole family was there. It was super motivational to see this project actually work and provide someone with value and a smile,” Saavedra said. “It was just a huge motivation to keep going after college.”
Alt-Bionics devices also incorporate haptics, which gives the user a real-time interaction experience. Artificial intelligence is also built in to help make devices more intuitive for the user. Initially Alt-Bionics will focus on manufacturing bionic hands for below-elbow amputations or congenital disorders. Later the company plans to expand to other areas of prosthetics. Their target pricing is between $3,500 and $5,000.
“We have two large overarching goals for our company,” said Saavedra. “The first goal is to bring these devices to market at an affordable cost while maintaining a durable and robust design. The secondary goal is to keep trying to disrupt the pricing methods that are currently surrounding the artificial limbs market.”
With an impactful product, defined target market and price penetration strategy in place, Alt-Bionics feels it’s attractive to a wide range of investors. It’s another inspiring story of a UTSA alumnus leveraging education to make a positive difference in our world.
“I owe a lot to my education at UTSA. My senior design class really helped, along with establishing relationships at the university, including with my Tech Symposium team,” said Saavedra. “I’m looking forward to giving back to UTSA after Alt-Bionics is fully operational.”
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Covidence is a systematic & scoping review tool used to streamline the process of screening and reviewing articles. Using this software, research teams can easily import studies, perform automatic deduplication, and extract data using templates. This workshop will show attendees how to start a review in Covidence, add collaborators, and get started on screening.
Virtual (Zoom)In this workshop, attendees will be introduced to Pandas, a Python tool for working with data easily. It makes it simple to organize and analyze information when data is organized and categorized, like spreadsheets or tables.
Group Spot B, John Peace LibraryEach fall and spring semester, students convene at the Main Campus at UTSA with booths, ideas and prototypes. A crowd of judges, local organizations, students, faculty and sponsors walk around and talk to the students about their projects and ask questions. Students get the real-life experience of "pitching" their project with hopes of getting funding or support to move to the next level.
UTSA Convocation Center, Main CampusJoin the doctoral candidates for the Doctoral Conferreal Ceremony and celebrate their accomplishments.
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