Steadiwear offers battery-free glove for tremor

TORONTO – Steadiwear, a Toronto-based medtech company pioneering battery-free tremor stabilization technology, has announced the official launch of its Steadi-3 device. The Steadi-3 is the world’s lightest battery-free tremor stabilizing glove, delivering instant, non-invasive relief for patients living with Essential Tremor and Parkinson’s Disease.

Lightweight and discreet, the Steadi-3 demonstrated 84 percent efficacy in placebo-controlled studies, helping patients regain independence in daily tasks such as eating, writing and drinking.

The company also secured $2 million in new funding through a mix of equity investments, a loan from the Business Development Bank of Canada (BDC), a grant from the Accelerator Centre Studio program and funding from the Mobility Unlimited Hub, a program in collaboration with Toyota Mobility Foundation and MaRS Discovery District.

The investment round included participation from HaloHealth, the Agetech Collaborative from AARP, Birdhouse Ventures, and a network of angel investors. These new funds will accelerate the commercial rollout of Steadi-3, expand distribution partnerships and support R&D for Steadi-4, the company’s upcoming Medicare-reimbursable model.

“The launch of Steadi-3 marks a transformative milestone in tremor care,” said Mark Elias (pictured), the CEO and co-founder of Steadiwear. “For millions of people whose daily independence is disrupted by hand tremors, Steadi-3 offers a lightweight, clinically proven, and instantly effective solution.

“Our mission has always been to restore quality of life and dignity to patients, and Steadi-3 is a giant step toward making that vision a reality.”

“HaloHealth is proud to be a follow-on investor in Steadiwear,” said Luke Sheen, executive director of HaloHealth. I have been impressed with the founders’ ability to consistently achieve set milestones and successfully commercialize their vision of creating an effective solution for patients with Essential Tremor and Parkinson’s disease.”

About Steadiwear
Founded in 2015, Steadiwear Inc. develops cutting-edge stabilization technologies for individuals living with Essential Tremor and Parkinson’s disease. Its proprietary battery-free system leverages magnetic dampening to reduce tremors instantly and effectively, restoring independence and improving quality of life. Steadiwear is guided by world-class advisors with previous experience with companies like Medtronic and Boston Scientific, and is headquartered in Toronto.