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Service Robotics' has developed the award winning and disruptive remote care companion service "GenieConnect®", designed to improve health and social care outcomes for older adults. Now raising funds to develop new services helping to address a market of ~150k+ younger adults with learning difficulties.

  • Service launched 2021, first contracts with domiciliary care providers
  • Remote care has been shown to supplement in-person care for better carer utilisation
  • Covid validated the need for remote care options
  • UK digital healthcare market valued at an estimated £2.9bn.
Information £105,533 of funds on the progress bar represent funds raised by the Company prior to launching the campaign. The Company has already received these funds but shares have not yet been issued. The Company has indicated up to £50,000 may be spent whilst the pitch is live. Completion will occur alongside the Crowdcube raise.

Idea

Care providers are struggling to meet care needs. In the wake of Covid-19 the mental health cost of enforced isolation has become increasingly apparent. Age UK estimate that of 3.8m older adults living alone, 35% struggle with daily living activities. An estimated 150k+ adults with learning disabilities receive care packages. 35k+ carer vacancies further exacerbate the care crisis.

GenieConnect® helps to enable independent living for older users & adults with learning difficulties, through services such as Remote care & Welfare Checks; Medication Compliance monitoring; Companionship by video calling a Care Circle of Friends, Family, & Carers; Mood captures & alerting & Entertainment services. The company road-map plans to add health monitoring; family Inclusion by dashboards/reports; user routine deviation alerts & data analytics, as well as allowing for user specific services.

For market context, pre-pandemic predictions of the EU “silver economy” value was €5.7tn by 2025, with a UK digital healthcare value of £2.9bn.

Service Robotics developed GenieConnect® in 2018, launching a commercial service in 2021 for local authorities & care providers.

This raise to include adults with learning difficulties, is a logical extension of GenieConnect® remote care service.

SRL are recognized for innovation & leadership, 2019 Health Tech Digital awards for best use of robotics in healthcare.

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This pitch is approved by Crowdcube

This pitch is approved as a financial promotion by Crowdcube Capital Limited. Every pitch on Crowdcube is reviewed to ensure it is fair, clear and not misleading.

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Service Robotics Ltd has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.