STEADIWEAR RAISES $1.1 MILLION CAD TO FUEL LAUNCH OF GLOVE DESIGNED TO COMBAT HAND TREMORS

ORIGINAL ARTICLE, Josh Scott, betakit.com, October 20, 2021

Toronto-based healthtech startup Steadiwear has secured $1.1 million CAD ($900,000 USD) in seed financing to support the manufacturing and commercialization of its new product, a second-generation glove for people with Essential Tremor and Parkinson’s disease.

Steadiwear has finished developing the Steadi-Two, a smaller, lighter, more versatile version of its flagship glove product, which stabilizes the wrist joints of users, reducing the impact of hand tremors associated with these conditions.

“During my studies … I learned how to stabilize buildings against wind vibrations and earthquakes. So, I decided to apply the same principles to hand tremors.”
-Mark Elias, Steadiwear

Fresh funding in hand, Steadiwear plans to begin rolling out the Steadi-Two next year, as it looks to improve the lives of more people suffering from Essential Tremor and Parkinson’s disease.

To continue reading CLICK HERE

Share this article
Facebook
Twitter
LinkedIn
WhatsApp
Email
View All Categories

Featured iF Clients

HERhalton Women in Business Breakfast by Innovation Factory. Driving Results: Women in Leadership taking place on March 13, 2025 from 8am-12pm at Atrium Banquet & Conference Centre in Burlington, ON. To register, visit innovationfactory.ca/herhalton

Attend HERhalton Women in Business Breakfast

Support and celebrate the achievements of women in business and entrepreneurship. HERhalton by Innovation Factory is the region’s go-to networking event for advocates of women entrepreneurs and features engaging guest speakers to inspire and drive engaging conversation.

Expand your network and connect with the region’s influencers and innovators in the world of women in business

March 13, 2025 | 8:00am – 12:00pm EDT