Founders

Who writes code, or does other technical work on your product? Was any of it done by a non-founder? Please explain.

I write the code. I did all technical work. I'm the founder of CoMed, Inc. (the company). I have External Supervisor: Mohamed Uvaze Ahamed Ayoobkhan.

Are you looking for a cofounder?

Not sure. I might need after getting advices from YCombinator.

Founder Video

https://youtube.com/shorts/LZMUSCgxjjE?feature=share

Company

Company name

CoMed

Describe what your company does in 50 characters or less.

A supportive ecosystem for everyone involved.

Company URL, if any

https://medicord.vercel.app/

Please provide a link to the product, if any

https://docs.google.com/document/d/1cYMOylgHx_yeBz0KYQt0hjDpWjvXq-7OOHMxD2SxbD8/edit?usp=sharing

What is your company going to make? Please describe your product and what it does or will do.

CoMed, Inc. (the company) is a software development company dedicated to creating innovative solutions that address critical needs within the healthcare industry. Our focus lies in developing advanced software that designed to seamlessly integrate into the workflows of hospitals and clinics, enhancing the accuracy of diagnoses while fostering a supportive community among healthcare professionals and patients all over the globe.

Products offered

CoMed, addresses the growing demand for advanced Brain MRI analysis solutions with a three-tiered product offering:

  1. CoMedAI a Brain MRI Analysis and Management System.
  2. CoMedAI 2.0 a Brain MRI Analysis and Management System with Advanced Image Processing feature.
  3. Medicord a Community and Collaboration Platform.

CoMed focuses on developing and delivering advanced software solutions and a community platform tailored to the needs of the healthcare industry, specifically focusing on Brain MRI analysis and management:

  1. CoMedAI: Our flagship product, CoMedAI, is an AI-powered Brain MRI analysis software that enhances diagnostic accuracy and streamlines workflows for radiologists and healthcare providers.
  2. CoMedAI 2.0: Building upon the foundation of CoMedAI, this upcoming version will incorporate automated image processing and feature extraction capabilities, further increasing efficiency and accessibility.
  3. Medicord: This innovative community and collaboration platform connects patients, doctors, and hospitals, fostering continuous engagement, support, and knowledge sharing within a secure online environment.

CoMed's target market encompasses a wide range of stakeholders within the healthcare industry:

  • Hospitals and Clinics: Both large hospital systems and smaller clinics seeking to improve the accuracy and efficiency of their Brain MRI diagnostics are our primary customers for CoMedAI and CoMedAI 2.0.
  • Radiologists and Healthcare Professionals: These individuals are the direct users of our software, benefiting from AI-powered insights, streamlined workflows, and enhanced diagnostic capabilities.
  • Patients: Patients form the core of the Medicord community, gaining access to a supportive network, direct communication with their care team, and valuable resources for managing their health conditions.
  • Underserved Communities: CoMed is particularly dedicated to serving rural and underserved communities with limited access to specialized healthcare services. Solutions like CoMedAI 2.0 aim to bridge this gap and ensure equitable access to accurate diagnostics.

Where do you live now, and where would the company be based after YC?

Toshkent, Uzbekistan / California, United States

Explain your decision regarding location.

I'm drawn to California, particularly Silicon Valley, because of its abundance of venture capital firms and angel investors actively seeking promising startups like mine. The region's pool of talent is incredibly diverse, spanning engineers, developers, designers, and business professionals. Being in the heart of the tech industry means I'll have tons of opportunities to connect with other entrepreneurs, industry leaders, and potential partners, providing invaluable mentorship, collaboration, and business growth prospects. California's tech ecosystem is renowned for its innovation and dynamism, and being surrounded by other forward-thinking companies and startups will fuel my own entrepreneurial drive. California also boasts a well-established legal framework for startups and robust intellectual property protection, which will provide a sense of security for my business operations. Its access to a large and diverse market, both domestically and internationally, will be instrumental for testing and expanding my products or services. Lastly, while the cost of living is high, many are attracted to California for its exceptional weather, cultural diversity, and overall lifestyle.

Progress

How far along are you?

CoMed is currently in a stage of active development and growth.

  • CoMedAI: Our flagship product, CoMedAI, is fully developed and ready for implementation in hospitals and clinics. We are actively engaging with healthcare institutions to secure partnerships and expand our user base.
  • CoMedAI 2.0: We are currently in the development phase for CoMedAI 2.0, focusing on integrating advanced image processing and feature extraction capabilities. We anticipate launching this enhanced version within the next year.
  • Medicord: The Medicord platform is also under development, with a focus on building core functionalities and community features. We plan to launch Medicord in the near future, initially targeting our existing network of hospitals and clinics.

We are continuously working on refining our products, expanding our reach, and building a strong foundation for long-term success in the healthcare technology industry. How do users find your product? How did you get the users you have now? If you run paid ads, what is your cost of acquisition? CoMedAI, along with the upcoming CoMedAI 2.0, will be available to hospitals and clinics through a licensing model. We will engage with healthcare institutions to establish contracts that grant them access to utilize the software within their facilities.

Medicord, our community and collaboration platform, will be offered as a free service with optional premium plans for enhanced features such as increased data storage, advanced document sharing, and premium community features. However, access to Medicord will be facilitated through hospital-specific servers. Hospitals will have the ability to create their own servers within the platform and invite their patients to join, fostering a secure and dedicated space for communication, support, and community-driven treatment.

How long have each of you been working on this? How much of that has been full-time? Please explain.

Around 2 weeks. I worked full-time.

What tech stack are you using, or planning to use, to build this product?

We're using and planning to use: Flutter, Dart, React Native, JavaScript/TypeScript, Redux, Firebase, AI (ex. GPT4 API), AWS, Azure, GCP, PostgreSQL, GraphQL, Python, Go, Docker, Kubernetes, Helm, and etc.

Are people using your product?

No

When will you have a version people can use?

I already have version v1.0.0, people can use.

Do you have revenue?

no

If you are applying with the same idea as a previous batch, did anything change? If you applied with a different idea, why did you pivot and what did you learn from the last idea?

This is my first time applying to YC.

If you have already participated or committed to participate in an incubator, "accelerator" or "pre-accelerator" program, please tell us about it.

Not participated.

Idea

Why did you pick this idea to work on? Do you have domain expertise in this area? How do you know people need what you're making?

I have talked with my Professor for potential ideas to turn into products. So recently we have visited our government hospital in Tashkent. So there I found people are waiting in a big queue just to get the imaging results. So doctors are facing too much problem while giving the conclusion based on the results what they are getting based on the images. So this conclusion is taking a lot of time. So we plan like; why don't we build Al machine which analyze the results and it gives a conclusion automatically.

Who are your competitors? What do you understand about your business that they don't?

The market for Brain MRI analysis software is rapidly growing. We face competition from several segments:

  • Automated Brain MRI Analysis Systems: These include companies like Qure.ai, Цельс. They offer software that analyzes MRI scans for abnormalities and diagnoses various brain diseases.
  • Clinical Decision Support Systems (CDSS) for Brain MRI: Companies like IBM Watson Health, GE Healthcare, Siemens Healthineers, Philips, and Fujifilm offer CDSS solutions that integrate AI with medical data to assist doctors in making diagnoses.
  • Cloud-based Brain MRI Analysis Platforms: Google Cloud Healthcare, Amazon Web Services (AWS) for Healthcare, and Microsoft Azure for Healthcare provide cloud infrastructure for medical image analysis, including brain MRIs.
  • Emerging Brain MRI Analysis Companies: Caption Health, Marley AI, Lumenore, Viz.ai, and Aidian are developing specialized AI tools for analyzing MRIs for specific conditions like stroke, dementia, and tumors.

In addition to these major competitors, Computer Vision (CV) also plays a significant role in this space. CV technologies are being used to develop automated MRI analysis systems that can compete with our platform.

They don't understand what is community and collaboration in healthcare industry. We envision a future where a supportive and interconnected healthcare community thrives, seamlessly connecting patients, medical professionals, and institutions to foster collaboration, knowledge sharing, and a patient-centric approach to healthcare.

How do or will you make money? How much could you make?

Revenue Model:

CoMed's primary revenue streams stem from:

  • Software Subscriptions: Tiered subscription plans for CoMedAI and CoMedAI 2.0, catering to hospitals and clinics of various sizes and needs.
  • Medicord Premium Subscriptions: Optional premium plans for both healthcare institutions and patients within the Medicord platform, offering enhanced features and functionality.

The projected revenue figures:

  • Year 1 ($1,320,720)
  • Year 2 ($320,534,592)
  • Year 3 ($424,606,000)
  • Year 4 ($16,692,619,738)
  • Year 5 ($22,331,308,924)

The projected profit figures:

  • Year 1 ($1,063,101.95)
  • Year 2 ($318,121,529.78)
  • Year 3 ($421,720,087.64)
  • Year 4 ($16,688,445,404.37)
  • Year 5 ($22,326,680,966.45)

*Calculations, available here: https://docs.google.com/document/d/1z_fYl__C2WVv5UCEs52Q-S5ciLn3S0tjsjOryhA2WiQ/edit?usp=sharing

How do users find your product? How did you get the users you have now? If you run paid ads, what is your cost of acquisition?

CoMedAI, along with the upcoming CoMedAI 2.0, will be available to hospitals and clinics through a licensing model. We will engage with healthcare institutions to establish contracts that grant them access to utilize the software within their facilities.

Medicord, our community and collaboration platform, will be offered as a free service with optional premium plans for enhanced features such as increased data storage, advanced document sharing, and premium community features. However, access to Medicord will be facilitated through hospital-specific servers. Hospitals will have the ability to create their own servers within the platform and invite their patients to join, fostering a secure and dedicated space for communication, support, and community-driven treatment.

Where will most of your initial users be located?

UZ

Which category best applies to your company?

Healthcare

If you had any other ideas you considered applying with, please list them. One may be something we've been waiting for. Often when we fund people it's to do something they list here and not in the main application.

  1. First, WeShot - a new horizon in social media. We offer a platform where users can capture life's spontaneous and spectacular moments, share them with a global community, and discover content that resonates with their personal tastes and interests. Our service solves the problem of superficial connections on traditional social media by fostering a community focused on genuine interactions and personalized experiences, fully powered by AI.

  2. Second, Instant AI search on your laptop. We offer software that allows users to select the desired region/area of their screen and enter a prompt along with sending AI. Our solution reduces time and headache, no need to take a screenshot, open a website, upload a screenshot, then, get output. Just one click to launch software and you are good to go.

  3. because AI hyped, we can introduce like funny typing speed web app no fails anymore, you type a letter and on mistaken a letter, it will regenerate the current word that continues the mistaken letter, until the word is the correct english word, otherwise it will be highlighted as a mistaken letter, and you may continue typing next word after space. our idea is to regenerate new unique word that continues mistaken letter ex: current word: will => wi "mistaken letter=k" , so here you can see mistake happened, then, regenerate current word: will => wiki (because mistake was on letter l => k) it will regenerate on each mistake new unique word

Please describe the scientific basis for your product. How does it work?

Imagine a tool that can learn to "see" the subtle signs of disease within the intricate landscapes of the human brain. That's essentially what CoMedAI does. It harnesses the power of artificial intelligence, specifically a type of algorithm called a convolutional neural network (CNN), to analyze Brain MRI scans and assist doctors in making accurate diagnoses. Think of it like training a super-powered detective. We feed the CNN a massive amount of data – in this case, numerous Brain MRI scans that have already been diagnosed by experts. Just like a detective learns to recognize patterns and clues, the CNN learns to identify features within these scans that correlate with different brain conditions, from tumors and strokes to developmental abnormalities and degenerative diseases. Now, when a new, unseen scan is presented to CoMedAI, it acts like a seasoned detective at a crime scene. It meticulously examines the image, extracting key features and comparing them to the patterns it has learned. Based on this analysis, it generates a probability score for different brain conditions, essentially saying, "Based on what I've seen before, this scan is most likely indicative of X condition." This information is then compiled into a comprehensive report for the doctor, including the AI's predictions and visual aids to highlight areas of interest. It's like providing the doctor with a detailed case file and expert consultation, all within a fraction of the time it would take for manual analysis. The beauty of this approach lies in its ability to enhance diagnostic accuracy, improve efficiency, and ultimately lead to better patient care. By leveraging the power of AI, we're helping doctors "see" the brain in a new light, unlocking hidden clues and paving the way for earlier interventions and more effective treatments.

Describe the next few stages in developing your product. For each stage, how much time and money will it take?

stage 1:

CoMedAI 2.0

  • it may take from 3 to 6 months for development
  • it may take $100,000 USD

stage 2

Expansion CoMedAI 2.0

  • it may take $100,000 USD for supporting Platform
  • it may take $50,000 USD for marketing

stage 3

Medicord

  • it may take from 6 to 9 months for development
  • it may take $1,000,000 USD (developers, marketing, and etc)

stage 4

Expansion Medicord

  • it may take $500,000 USD for supporting Platform
  • it may take $50,000 USD for marketing

*All the calculations are approx. and estimated. *Actual costs may vary.

If you were accepted into YC, what could you accomplish by Demo Day?

I hope I will be accepted into YC. Present CoMedAI at YC stage, and tell about future plans, next milestones.

Does your product need regulatory approval (i.e., FDA)? If so, what is the approval process? What is your plan to get approved, and how much time and money will it take?

varied country to country

What experimental data (if any) do you have showing that this would work?

I'm pretty sure it will work out. We have already talked with Hospitals about software we are working on. Especially in the villages where we may see lack of experienced radiologists. Our software will replace them, because it has higher accuracy and cost efficient. Hiring radiologist costs around $400 USD (based Uzbekistan), and our solution costs just $220,02 USD , it's x2 times less than salary of radiologist.

Equity

Have you formed ANY legal entity yet?

no

If you have not formed the company yet, describe the planned equity ownership breakdown among the founders, employees and any other proposed stockholders. If there are multiple founders, be sure to give the proposed equity ownership of each founder and founder title (e.g. CEO). (This question is as much for you as us.)

I'm not decided yet. I need some guidance from real successful startup founders at YC. However, when thinking about equity I don't think of it as a fixed pie, which is meant to be divided but rather as a tool that's going to increase our chances or your likelihood of being one of those few big financial successes. It's in our best interest to make sure that the early employees have a really strong sense of ownership of the company we're going to be working with them shoulder to shoulder for really long hours right and they're going to play a really large role in determining the outcome of our company.

Have you taken any investment yet?

no

Are you currently fundraising?

no

Curious

What convinced you to apply to Y Combinator? Did someone encourage you to apply? Have you been to any YC events?

The decision to apply to Y Combinator was driven by my own conviction and belief in the potential of our startup to make a significant impact in the healthcare technology space. Y Combinator's reputation for nurturing groundbreaking startups and its track record of supporting founders to bring innovative solutions to market resonated deeply with our mission. The opportunity to be part of a community that is at the forefront of technology and entrepreneurship, and to receive mentorship from some of the most successful entrepreneurs in the world, was incredibly compelling.

No single individual encouraged me to apply; rather, it was the realization that Y Combinator could provide the critical support, resources, and network needed to accelerate our growth and scale our impact. While I have not personally attended any YC events prior to applying, I have closely followed the journeys of YC alumni like; Sam Altman, Ben Horowitz, Steve Huffman, Emmett Shear, and have been inspired by the transformative innovations and the vibrant community that YC fosters. This deep admiration and the alignment of our goals with YC's ethos were the driving forces behind my decision to apply.

How did you hear about Y Combinator?

Google search, YouTube, Inspired by Sam Altman, and many other Alumni.