Well to me this does not sound like a new product, and I see some problems with this product.
To have a business idea you have to offer something you can’t get else were.
A few, if not all CGMs already have a function to warn you with a beeping sound if you go low or high, so what is the different between a normal CGM with this function and your product other than the price-point?
Many places with good health care system get diabetic supplies for free, and price won’t be a problem or downside in that context.
My first thought is; this «expert panel» or examinator might ask why this product is better then a regular CGM, or if it is offer something different from a regular CGM.
You also say about your device, «it wouldn’t offer continual tracking of blood glucose», I guess this is an argument to decrease price? This is the thing I found most problematic with this product, because it won’t work in real life.
The device has to be able to track blood glucose continual to warn the pasient of hypo or hypers.
One disadventage with not having continual blood sugar tracking is; the patient has to do some sort of manual action to get a reading of the blood. And this reading will only show your blood sugar at the choosen test time.
In practice this requers for the patient to be lucky enough to check his or her blood sugar at the moment of a hypo or hyper, to make it possible for the device to even warn the pasient. But then the whole point with this idea would be gone, because you already know your blood sugar at the moment of testing.
I see some flaws with this idea, and hope I don’t discourage you. Just hope I can give some insight and maybe be a little bit constructive.
The idea of a cheaper sensor, or help people with hypoglycemic unawareness, or fear of hyperglycemia is good. But the device has to track continual to be able to do that, so then you have to work around how this can be cheaper than a regular CGM, and if that arguement alone is enough for a «theoratical expert» to be interessted to invest in your product. Because as I understand, the exam or exercise is to sell a product for a panel of experts, and to do that the product has to be convincing and unique
Of course people here might be more critic, because well, it is a part of our regular life. But for all I know, the examinator might not be that well educated on this choosen subject, so he might not see all the flaws. But do not bet on, the safest to do on any exam is to think through every single aspect, because that is what you do to get an A. You have to be able to show that nothing is excluded
Well good luck on the product and cheers
Think it’s cool that you’ve choosen this subject