The problem we solve: Hospital-acquired infections are a growing cause of concern — they affect 1 in 25 hospitalized patients in the U.S. on any given day, according to the Centers for Disease Control and Prevention. Soft surfaces like medical uniforms can be germ carriers. Dangerous bacteria, including methicillin-resistant Staphylococcus aureus (MRSA), can spread from sick patients in a hospital to the scrubs of health care workers.
About our solution: Antimicrobial scrubs to inhibit the growth of bacteria found on the surface of the fabric. These scrubs also have fluid barrier protection to help prevent from blood, urine and other dangerous fluids found in a healthcare environment.LifeThreads garments are engineered to have robust liquid repellency and antimicrobial properties, along with breathability, comfort, and durability.Progress to date:
Selling to customers, retail partners.
Creator: Karan Jhunjhunwala
Location: New York
Bio: I am the CEO for LifeThreads. Before founding LifeThreads, I served for four years as a senior analyst at Sunrise Capital Partners, a private equity firm that manages global investments in private debt, senior secured lending, technology, health care. Previously, i worked as a business development associate for Neha Creations, a prominent distributor of diamond jewelry in Mumbai. I began my career as a junior sales associate responsible for equity sales and trading Edelweiss.
President, Bachelor of Science in industrial distribution and logistics
Biography: Tyler served as an informal advisor to LifeThreads before joining as president in May 2015 and is responsible for managing the company's sales and marketing. Prior to joining LifeThreads, he served as a territory manager for Coloplast, an international developer, manufacturer and marketer of medical devices and services.
Advanced Degree(s): Bachelor of Science in industrial distribution and logistics
90% of the patient contact environment is made up of soft surfaces. Yet, soft surface such as medical scrubs worn by healthcare providers have virtually been ignored in today's infection prevention practices. Antimicrobial and fluid barrier scrubs can provide a better cleaner environment for patients and their families.
LifeThreads textiles are a natural fit for healthcare settings, where patients with compromised ability to fend off pathogens represent a high risk for acquiring infections.
Did you know that antibiotic-resistant bacteria can hitch a ride on your hospital scrubs? Studies have noted that the pockets and sleeves of the nurses' scrubs were the parts of the clothing that were the most likely to be contaminated. These medical uniforms can harbor bacteria for significant periods of time and provide an easy transfer path for infections that is more difficult to sanitize than hands. Providing antimicrobial protection on scrubs, immediately inhibits the growth of bacteria found on them, reducing the chances of cross-contamination and offering a cleaner, safer environment.
Also, physicians are dealing with dangerous and contaminated fluids like blood, urine, chemicals, and vomit in the healthcare environment everyday. Our fabric is engineered to repel fluids. Liquids easily bead up and roll off the garment avoiding the need for instant cleaning or laundering and more importantly, avoiding contact with harmful bodily fluids. Liquid spills can easily be wiped away when blotted with a clean cloth, making your scrubs look clean and fresh each time.
Hospital-acquired infections (HAIs) are a growing cause of concern — they affect 1 in 25 hospitalized patients in the U.S. on any given day, according to the Centers for Disease Control and Prevention.
The environment in which scrubs are used in healthcare is often ideal for the proliferation and spread of bacteria and viruses. A new study reported at IDWeek2016 confirms that dangerous bacteria in patient rooms can end up on nurses’ scrub uniforms. Source: http://www.cbsnews.com/news/nurses-scrubs-can-harbor-nasty-germs-superbugs/
This study is a good wake-up call that health care providers need to concentrate on the idea that soft surfaces such as scrubs in a health care environment can be contaminated.
Regular scrubs can harbor bacteria for significant periods of time and provide an easy transfer path for infections. It's time for healthcare providers to begin thinking more proactively about providing additional layer of protection. Antimicrobial and fluid barrier protection on medical uniforms immediately inhibits the growth of bacteria found on them and provides protection from dangerous fluids.
Scrub retailer market size: - 3,000 specialty scrub store locations - Average sales per location $487,568 - 78% of store sales are from scrub tops, bottoms, jackets, lab coats - Therefore, total market opportunity is 3000 x $487568 x 78% = $1,140,909,120
Projected 3 Year Growth
We are disrupting a commodity industry by offering innovation in our style, functionality, fabrication and fit. We are uniquely positioned to gain market share exponentially as the movement takes place of switching to antimicrobial scrubs. We are online to hit $250,000 in sales this year.
Moving forward 2017 projected revenue : $2,220,000 2018 projected revenue : $7,189,000 2019 projected revenue : $11,266,755
How We Will Make Money
The end users of our product are healthcare professionals such as doctors and nurses. We will target them by a 2 prong distribution approach of selling direct to hospitals for bulk purchases and selling whole sale to specialty retailers across the country both in store and online. In the short run the retail segment will grow quicker while in the long run we see our direct to healthcare institution will pick up. We are targeting gross margins of 48%.
This growth comes from 4 different channels of sales that we are targeting.
1) Retail - We are distributing to specialty retail stores. We sell wholesale to different retailers across the country. Currently we are in about 75 of them.
2) Direct to hospitals - This is where industry is moving towards specially as hospitals mandate the need for wearing antimicrobial scrubs.
3) Commercial laundries : Significant cost savings as shorter dry time and less use of chemicals to wash
4) GPOs - As we growing we targeting to get on preferred vendor lists for GPOS.
About our Competition
Competitors- WearFigs, Strategic Partners, Jaanuu. We offer the highest level of antimicrobial protection needed to reduce bacteria on the garment. First mover advantage, good test results of our products, strong sourcing/manufacturing partners, innovation not only with being antimicrobial but we are the only one that is also anti fungal and we offer all products in extremely soft and innovative fabrications.
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