Digital healthcare startup Itphy announced on the 2nd that it was finally selected for the Ministry of SMEs and Startups' Tech Incubator Program for Startups (TIPS) based on the development of 'RingDoc', an AI-based musculoskeletal rehabilitation platform.
This selection was made through the recommendation of the Korea Investment Accelerator, and ITP will receive up to 700 million won in government support for the next two years, including research and development, commercialization, and overseas marketing. Specifically, this includes up to 500 million won in research and development funds, 100 million won in commercialization funds, and 100 million won in overseas marketing support.
Itpi is developing an integrated digital rehabilitation solution utilizing artificial intelligence and 3D measurement technology, and its main products are the patient-tailored rehabilitation platform 'RingDoc' and the joint function measuring device 'RingDoc Motion'. The solution aims to provide accurate exercise prescription and diagnosis support based on quantitative functional analysis.
Meanwhile, based on this selection of TIPS, ITP plans to push for the official launch of 'Ringdoc Motion' within the year and focus on entering domestic and international markets and advancing technology.
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