Frequently Asked Questions (FAQ)
oqni is developing 3 main services: prosthetic covers, biomechanical prosthetics, and bionic prosthetics. Currently, the prosthetic covers and biomechanical prosthetics MVP are targeting Q4 2021/Q1 2022, with MVP for the bionic prosthetic targeting Q2/Q3 2022, pending the current round of fundraising.
- During and following the recent Artsakh war, CEO Hajk Bagradjans and COO Haikouhi Oroudjian realized that there is an immediate demand for prosthetics in Armenia: ~200+ leg and ~20+ arm amputations were caused by the recent war in Artsakh further contributing to a total of ~5,000 local amputees.
- Moreover, there is a lack of knowledge, tech and production of the technology to produce prosthetics: the available tech and knowledge dates back to post earthquake (1988) tools and techniques; complete lack of local production creates a heavy reliance on expensive imports.
- There is also a lack of funds: State funds can subsidize only up to $2,500 USD for a mechanical prosthesis. A standard prosthetic costs $7,000 USD. Thus, even standard quality/functionality items remain unaffordable.
- There is also a lack of proper support and rehabilitation: current approach to wider amputee rehab and support is basic and for less mobile amputees in rural regions not attainable. No assessment of usability is done.
- oqni aims to solve these major challenges in a few ways: first with end-to-end Prosthesis, Rehab and Mental Health Care. Together with our partners - incl. TUMO Labs, the UNDP, Stanford University, the University of Michigan and leading prosthetics companies - we are set to build an unprecedented, integrated care system for amputees. We are building state-of-the-art technologies to reduce costs: Benefitting from advancements in robotics, bionics and 3D tech, we will significantly reduce costs through rapid prototyping and lean manufacturing; benefitting the largest amount of the growing disabled community. Lastly, we are developing local know-how for global applications: oqni will develop local talent to turn Armenia into a hub for assistive technologies and benefit communities globally through cutting-edge research on AI and neural interfaces.
- Our aim is to create a full cycle of AI-driven prosthetics (beginning with mechanical & bionic legs) with integrated rehabilitation support, produced and fitted in Armenia - as to restore the capabilities of war victims at first, then general amputees, exempt of all cost.
- Our goal is complete reintegration of our veterans back into society, & to reinforce their self-confidence through educational initiatives as well as mental health support.
- We aspire to create world-class products and services in Armenia, developing local know-how and export our products abroad to share our expertise and talent.
- We are determined to make Armenia a hub of innovation and help make our country the leader in cutting-edge AI-infused prosthetics and orthotics via a collaborative R&D platform.
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A policy of radical transparency for our donors through regular disclosures. The reputable accounting company PhilinAM deals with oqni's finances and taxes. PhilinAM is specialized in the charity, NGO, and philanthropy sector. Among their clients are the Aznavour Foundation, FAST Foundation, UWC Dilijan, etc.
We will be audited by a globally reputable auditing company semi-annually.
oqni is committed to providing regular updates on a monthly basis to its donors and its community regarding new milestones reached in our R&D progress, our partnerships and our team through a newsletter and more.