GyroGear secured £3.1M seed funding for development of its wearable device GyroGlove

Apr 7, 2021

GyroGear, founded by Dr Faii Ong, received $4.3M (equivalent to £3.1M) in phase one of its seed funding round led by Foxconn Technology Group

GyroGear, founded by Dr Faii Ong, received $4.3M (equivalent to £3.1M) in phase one of its seed funding round led by Foxconn Technology Group for its flagship product GyroGlove, the world’s first wearable neuromuscular medical device.

Dr Ong has been dedicated to improve the lives of those who suffer from hand tremor due to nerve disorders such as Parkinson’s Disease and essential tremor. Given the uncontrollable shaking, hand tremor makes simple daily tasks difficult to be carried out, leaving patents with frustrations or even mental traumas. After presenting his idea in the Imperial Venture Catalyst Challenge in 2014 as a medical student, he founded GyroGear in 2016 upon to develop a wearable medical device incorporated with satellite-grade mechanical gyroscope through clinical trials. The company received €1.8M from the EU’s Horizon 2020 programme and represented Imperial at the World Economic Forum and the Falling Walls Venture as finalist in 2018.

The additional investment will be used for further rearch and development. With the support and access to class-leading technology from Foxconn Technology, GyroGlove will be closing an important gap in the medical field, helping to address pressing needs and bringing hope to over 2 millions of patents around the world.

Find out more about Imperial’s flagship entrepreneurial competition, the Venture Catalyst Challenge, and more news about GyroGear.

What's on

Upcoming events

Discover what’s on (online, of course!) at Imperial Enterprise Lab

Community Collider October
Community Collider October

Event dateOctober 18, 2023

Join us for the first Community Collider of the 2023/2024 academic year! Sign up

Summer Accelerator 2023 Showcase
Summer Accelerator 2023 Showcase

Event dateOctober 25, 2023

Come and see the Summer Accelerator 2023 Showcase as seven teams pitch their brand new innovations! Sign up

What's on

From community events to expert masterclasses… There’s always something going on at the E-Lab

Next events

Community Collider October
Community Collider October

Event dateOctober 18, 2023

Sign up
Summer Accelerator 2023 Showcase
Summer Accelerator 2023 Showcase

Event dateOctober 25, 2023

Sign up

Connect

Join our community, meet co-founders and grow your entrepreneurial network!

Our monthly social bringing together students and postdocs from every corner of Imperial College London.

Stay productive and focused while working on your business idea. Make the E-Lab your office and creative space.

Use your creativity and critical thinking to solve a challenge set by us. Win prizes for the best idea and best pitch!

Explore

Speak to someone about your idea and learn the skills you need to test it in the real world

Validate

Fast-track your idea on one of our cohort-based entrepreneurship programmes

Imperial’s flagship entrepreneurship programme for students and postdocs with an annual prize fund of £100K.

The UK’s leading university programme championing women-led startup teams with an annual £30K prize fund.

A 12 week programme for students looking to give their business idea a big developmental push over the summer months.

More available programmes

Grow

Get expert support and advice to turn your idea into a successful commercial venture

About

We’re passionate about inspiring the next generation of innovators and entrepreneurs

Contact

Got a question, need some advice or just need directions to the best basement on campus? Get in touch!

Find us

Imperial College London
Level 0, Sherfield Building
(Access next to Great Hall)
South Kensington Campus
Exhibition Road
London SW7 2AZ