Globally, at least 2.2 billion people have vision impairment. In 1 billion – or almost half – of these cases, vision impairment could have been prevented or has yet to be addressed. Vision impairment poses an enormous global financial burden with the annual global costs of productivity losses associated with vision impairment from uncorrected myopia and presbyopia alone estimated to be US$244 billion and US$25.4 billion. Over 50% of the global population is forecast to suffer from myopia by 2050. There are currently not enough Eyecare Practitioners to meet the current and future demand of growing eyecare needs.
Objective Acuity Limited ('OAL') aims to have a major impact in disrupting the current way vision testing is undertaken. OAL has developed an objective visual acuity test, to replace existing subjective tests for everyone. Existing subjective tests cannot be undertaken by young children, non-verbal people, and several other groups of adults. The OAL test is also much faster in testing all children and adults saving time and money, while also providing a more accurate measurement earlier in life.
The OA Vision Tester provides the first ever objective software-based visual acuity test. The first test is an Objective Threshold Visual Acuity Test (TVAT) for everyone based on the direct measurement of visual acuity, a functional read-out of how well a person is seeing. The OA Vision Tester can be used to both provide a Threshold Visual Acuity Score, such as 20/20 and screen for visual acuity problems. Our mission is to have the TVAT become the gold standard in visual acuity testing for everyone.
Use cases include:
Optokinetic nystagmus (OKN) is an involuntary reflex of the eyes that occurs when an individual sees a moving object or pattern. It is well-recognized as a method of assessing visual acuity, but has, to-date, always been a highly subjective process for the detection of gross visual problems. Optokinetic nystagmus is the basis of our new approach to measuring visual acuity.
Objective Acuity has completed successful clinical studies in Adults and Children with a prototype system. More recently, we have undertaken a clinical study of our OA Vision Tester in Memphis, USA. The study demonstrated a strong positive correlation between the OA Vision Tester and an ETDRS Visual Acuity Letter Chart in 100 Adults. We also partnered with Regenxbio and completed successful pilot validation studies in children with Batten's Disease.
Objective Acuity is prosecuting patents globally covering the OA Vision Tester.
We are experienced and diversified in our strength but together we found a sound team.
With extensive experience in research, development and commercialisation we are dedicated to ensure that this exciting innovation gets taken to market.
Adam has over 13 years’ experience in commercialisation, start-up formation and capital raising of medical and health technologies. Adam has had experience in technology commercialisation, attracting foreign direct investment into New Zealand, strategic development and trade promotion. Adam has been involved in business planning, R&D planning raising seed/venture capital and several licensing deals.
A seasoned CFO, Craig has a proven track record of growing companies and increasing shareholder returns. His experience has been focussed on high tech, fast growth companies, with intellectual property and a unique selling proposition, enabling and navigating companies through start-up and high growth periods. He has worked across a broad range of Bio-tech companies as CFO and / or Company Director. Craig has raise over $140m in funds with start-up companies.
Ben is a Professor with joint appointments at The University of Auckland, McGill University and University of Waterloo. He brings significant expertise in vision science and in particular the translation of basic science findings to clinical applications.
Mehrdad has over 10 years of research experience in computer vision, signal processing, and machine learning. Mehrdad received his PhD in Bioengineering from the University of Auckland. Mehrdad provides project leadership and is involved in advanced technology development.
Jason is a senior research fellow at Auckland Bioengineering Institute. He brings significant expertise in development of engineering based methods for use in vision related applications, which has centered to date on simulation of light transport in the eye, measurement of the corneal surface, and image processing techniques for clinical diagnostics.
Boaz is a designer at heart and always find new developments exciting and relish the challenge to find innovative solutions to problems. He believes that sound architectural design is crucial to the success of any product/system, and therefore the opportunity to be part of a new product development from the start appeals to him.
Greg has a distinguished business career spanning more than 40 years. His roles have primarily been in venture investment, executive management, sales and business development, and corporate and professional governance. He has held posts on a number of key industry forums and received many international business awards. Greg has a passion for assisting and investing in disruptive technologies that address some of the world’s major challenges.
Sabeen Shaikh is an executive with nearly two decades of experience in the healthcare industry between corporate and innovation roles. Her leadership ranges between those with large medical device multi-national companies and large businesses to executive roles for scaling healthcare start-ups.
Jim Mervis is a catalyst for success in company development in life sciences and communications. He has an extensive background in securities and commercial transactions, defining and establishing strategic alliances and securing the financial and human resources for corporate growth. Over the last decade, Mr. Mervis played a pivotal role in the structure, finance and management of four of the most notable bio-pharmaceutical start-ups of the period.
Director, Crystal Charity Ball Paediatric Vision Laboratory
Retina Foundation of the Southwest
Dallas, Texas, US
Vice Chair for Clinical Practice, Wilmer Eye Institute
Johns Hopkins University
Baltimore, Maryland, US
1979 O.D.; State University of New York, State College of Optometry.
Before joining the Southern College of Optometry, Dr. Paul Harris was in private practice in Baltimore, MD. Dr. Harris has published a number of articles, including award-winning ones, for the Journal of Optometric Vision Development and the Journal of the American Optometric Association.
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