According to estimates from the U.S. Centers for Disease Control and Prevention, 1 in 4 U.S. adults is living with a disability — 61 million in total.
The global market for assistive technology estimated at $23.3 billion in the year 2020, is projected to reach a size of $32 billion by 2026.
Accessibility or assistive technology can include mobility devices such as walkers and wheelchairs, as well as hardware, software, and peripherals that assist people with disabilities in accessing computers or other information technologies.
Moaz Hamid is the founder of Mvmt Ventures, a venture studio and venture fund on a mission to advance accessibility and disability technology.
He previously served as general manager and partner with Google and helped with the emerging market growth for Maps, Apps, and Search. Before that, he helped Microsoft bring smartphones to the forefront of its agenda in the emerging market. Moaz also led the investment, strategy, and launch of the smartphone company HTC and many other global brands.
In this interview with Moaz, he shares:
- Common misconceptions about what it means to be disabled.
- The personal challenges and experiences that inspired him to focus on this space.
- The different ways assistive technology is being used to improve the quality of life for people with disabilities.
- The trends he is noticing in the assistive technology space.
- The reasons why startups focused solely on assistive tech have a more difficult time raising capital.
- What he looks for in a company before investing.
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