November 16, 2023: The inspiring story behind Trexo Robotics
AI and Canadian banks, an inspirational founder story, what constitutes an exceptional acquisition, and more jobs for you
Profile: The inspiring story behind Trexo Robotics
What is Trexo Robotics?
Trexo is transforming the lives of children with disabilities through their technology. A child’s disability should not define what they’re capable of. The Trexo gets your child upright and walking so they can keep their whole body active!
What was the inspiration to create Trexo Robotics?
Trexo’s tale commenced in 2011 when Manmeet discovered that his nephew, Praneit, had been diagnosed with cerebral palsy. Similar to many kids facing CP, Praneit lacked the ability to walk independently.
Driven by the desire to find a solution for Praneit to walk and reap the crucial health advantages associated with mobility, Manmeet and his family embarked on a quest.
However, despite their efforts, Manmeet realized there was no existing market product enabling children to walk with a proper gait pattern from a device usable at home.
The absence of walking ability and the lack of a device capable of not only fostering a correct walking pattern but also potentially supporting weight-bearing and stamina development meant these children could potentially face a host of health challenges.
Manmeet (Founder), driven by a profound desire to aid his nephew, teamed up with his friend Rahul. Both had a background in robotics from the University of Waterloo, making the idea of crafting a robot to assist Praneit a natural choice. Thus, the inception of Trexo took place and gradually evolved into the product we have today.
Trexo's exceptional journey has significantly shaped our core values and mission. Every design is meticulously crafted, prioritizing a child's comfort and specific physical requirements. With each child benefiting from Trexo, the device undergoes enhancements.
Our commitment to collaborating with children, parents, and physiotherapists in the creation process holds immense significance. Trexo stands as a crucial therapeutic tool for children with disabilities. The impact of movement on a child's long-term growth and health underscores the importance of our mission.
Ultimately, our aim is to develop technologies that earn the trust of physical therapists, remain affordable for parents, and genuinely resonate with children, fostering a deep affection for the devices they use.
More from Manmeet
Manmeet joined our recent TechTO event this month to chat more about creating Trexo, the challenges faced in reaching the final product, what worked (and what didn’t), plus more on his inspiring story.
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Quick Take: Where do the Canadian banks rank?
Canadian banks rank in Evident AI Index
image courtesy of ideogram.ai
What is the news?
A new Evident AI Index was released this week and RBC was ranked 3rd in the world with strong showings from TD (11th), BMO (16th), and Scotiabank (18th).
What is the Evident AI Index?
According to their website, the Evident AI Index evaluates the diverse strategies businesses adopt to prepare for AI, beginning with banks.
The November 2023 Index encompasses 50 of the most prominent banks across North America, Europe, and Asia. Each bank undergoes assessment based on over 100 individual indicators sourced from millions of publicly accessible data points. These indicators are categorized into four pillars: Talent, Innovation, Leadership, and Transparency.
Why did the Canadian banks rank so well?
Their strengths appeared to lie in Innovation, demonstrated through achievements in research, patents, ventures, and fostering an open ecosystem. However, they seemed to lag behind in terms of Talent and Leadership.
Why is this interesting?
Many Canadians often voice dissatisfaction with our banking system and our struggle to effectively market our technology. It's truly promising to witness our financial institutions leveraging our leadership in AI research to instigate transformations within their establishments.
However, it's somewhat unexpected to observe their lag in acquiring talent, considering the robust AI talent pool across Canada. This discrepancy might suggest that our talent is predominantly engaged in academia, employed within startups, or enticed by higher-paying opportunities at financial institutions in the United States.
Why is this important for our ecosystem?
This scenario might offer a chance for small local businesses to collaborate with major Fortune 500 companies, adding credibility to their offerings in international markets.
With a stroke of luck, this could pave the way for enhanced products and solutions specifically for these start-ups (I am an optimist by nature).
A new episode drops soon
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