230: Shark Tank, Advanced Prosthetics, and How PSYONIC's Ability Hand is Driving Accessibility for Humans and Robots Featuring PSYONIC CEO & Founder Dr. Aadeel Akhtar

Robotics is a cool field, no doubt about that. But what’s cooler than using it to change people’s lives?

When he was seven years old, Aadeel Akhtar met a girl in Pakistan with a missing leg. This kickstarted a fascination with helping people regain control over lost limbs and a decision that pivoted his planned career in medicine to robotics and prosthetics.

Today, he’s the CEO and Founder of PSYONIC, the company behind the world’s first touch-sensing bionic hand. He’s on a mission to make this tech as accessible as possible, and we hear about the challenges of balancing philanthropic ventures with running and scaling a business.

Host Chris Luecke gets to try out the hand remotely in this episode and talks about the different use cases of bionic tech, from helping humans to helping robots. We talk about crowdfunding, getting investment, how the hand works, and what PSYONIC is working on right now to make the Ability Hand even better.

Plus, Aadeel is our very first Shark Tank alumni, so we get to hear about the nerve-wracking behind-the-scenes story of demonstrating the Ability Hand in front of the Sharks.

In this episode, find out:

• What PSYONIC does to help people regain mobility and control with bionic limbs
• The moment that kickstarted Aadeel’s passion for helping people with lost limbs and pivoted his planned career from medicine to robotics
• The challenges of funding R&D in bionics and making the tech accessible to as many people as possible
• What the early days of making prototypes and testing them out on the first patients
• What made Aadeel realize he needed to go into business and production rather than just researching bionics
• Why San Diego is PSYONIC’s chosen HQ and how it’s partnering with medical and biotech companies
• What PSYONIC is working on now to make bionic hands feel more natural for users
• Chris gets to remotely control the Ability Hand from across the country
• How Aadeel is working on making the tech accessible through Medicare and the Ability Fund
• Different ways Aadeel and PSYONIC have approached getting funding, from crowdfunding to venture capital to government grants
• The challenge of keeping up with demand and prioritizing accessibility while running a successful business that’s focused on the mission
• How PSYONIC helps both humans and robots with its tech, including NASA
• The biggest tech advances that have made this possible today, including micro controllers and AI
•  What it’s really like being a contestant on Shark Tank and how Aadeel prepared for his pitch and eventual negotiations
• Why Aadeel is optimistic that bionics is becoming a bigger industry

Enjoying the show? Please leave us a review here. Even one sentence helps. It’s feedback from Manufacturing All-Stars like you that keeps us going!

Tweetable Quotes:

• “We're bridging both the neurotech side with the robotic side, with AI being the connecting piece between the two.”
• “We would be attaching the hand directly to your bones, muscles and nerves that are in your forearm to give them the most optimal control possible.”
• “Seeing the amount of interest at the intersection of neurotech and robotics and having big investors behind it shows this is an exciting field that's up and coming.”

Links & mentions:

• PSYONIC, supercharging humans and robots with advanced capabilities, including the world’s first touch-sensing bionic hand
• Dr. Aadeel Akhtar on Shark Tank
• Robotics Summit & Expo, bringing together 5,000+ developers focused on building robots for aerospace and defense, healthcare, logistics, manufacturing and other markets

Make sure to visit http://manufacturinghappyhour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.