Blade Runners: Prosthetics Startup Xiborg is Ready for Business
(Bloomberg) -- When he was 15, Keita Sato had to cut off his cancer-ridden right leg.
“I didn't feel sad when I heard about losing my leg,” said Sato, now 27 and on the relay team vying for gold at the 2020 Tokyo Paralympics. “There were options.”
His option now is a prosthetic blade made by Xiborg Inc., a startup in Japan that develops replacement limbs for athletes. Oscar Pistorius, the double-amputee South African athlete known as the “blade runner,” became famous for his speed on the track (before becoming notorious for his murder trial). Now, others have picked up the baton, competing at levels that equal or even surpass uninhibited sports pros.
Xiborg's J-shaped carbon-fiber blades are built to transfer as much energy to the ground as possible. Sato's artificial leg has a design that requires more power and technique. He's one of the region's top runners, specializing in sprints, and holds the Asia record of 11.77 seconds in the 100-meter race in his category.
“As more people recognize running with prostheses, we could see faster athletes and the possibility of someone topping the world record,” said Ken Endo, Xiborg's founder.
Sato and Endo teamed up in 2014, and Sato ran with a Xiborg prosthetic blade at the 2016 Paralympic Games in Rio, taking bronze in a relay. Sato said he began running during his post-surgery rehabilitation but often wore long pants to hide his legs. The turning point came when he was 17 and met two Paralympians. “They were really positive,” he said. “It changed my mind so much.”
Endo found his passion for developing advanced prosthetics working in the same lab as Hugh Herr, a biophysicist at the Massachusetts Institute of Technology. A double-amputee rock climber, Herr is known for his TED talk about his journey to engineering bionic limbs after a climbing accident. Herr was also instrumental in persuading sports authorities that Pistorius's blades didn't give him an unfair advantage in competitions, paving the way for him join the 400-meter race at the 2012 London Olympics.
It costs hundreds of thousands of dollars to develop Xiborg's products, according to Endo. The total market for prosthetics is projected to top $3 billion in 2028. For tailored prostheses, the Tokyo-based company uses sensors to check how the athletes move and to find where forces are applied. A prosthetist fine-tunes the blade with feedback from the runners. “An athlete can't get faster just by making a carbon blade harder,” said Endo. “It's trial and error.”
As more athletes with prosthetics compete at world-class levels, a broader population of amputees is increasingly looking for artificial limbs that let them participate in sports activities. That's an opportunity for Xiborg and others such as Ottobock, the German prosthetics market leader, along with Iceland's Ossur. “More people are buying athletic prostheses” in Japan, said Kana Fukaya, marketing manager for Ottobock in Japan.
Xiborg, working with Toray Industries Inc. and Sony Corp.'s Computer Science Laboratories, is aiming to introduce a new blade this year. The company is also looking to sign up athletes in Japan and the U.S. American Paralympic sprint runner Jarryd Wallace, uses Xiborg's prosthetic blades. “The knowledge and experience of the team at Xiborg will play a huge part in making my dream a reality – to be the fastest amputee the world has ever seen,” Wallace wrote on the company's website.
To contact the editor responsible for this story: Reed Stevenson at rstevenson15@bloomberg.net
©2018 Bloomberg L.P.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.