Proof of Usefulness Report

Covina Biomedical

Analysis completed on 1/18/2026

-2
Proof of Usefulness Score
Lab Mode

Covina Biomedical was a legitimate medical technology startup founded in 2015 as a spin-off from Dalhousie University, aiming to commercialize injectable bone cement. However, verified records confirm the company shut down and filed for insolvency in May 2023. The project submission contains critical red flags, specifically the demonstrably false claim that 'most people have used my product' and an audience reach of 'everyone', which contradicts the specialized nature of the medical device and the company's failed status. Consequently, the project receives a negative score due to lack of viability and deceptive traction claims.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+2
Audience Reach Impact+0
Technical Innovation+7
Evidence Of Traction-12
Market Timing Relevance+0
Functional Completeness+0
Subtotal-1
Usefulness Multiplierx1.10
Final Score-1

Project Details

Project URL
covinabiomedical.com
Description
Covina Biomedical is a company that specializes in the development and commercialization of innovative biomedical solutions. With a focus on advancing healthcare technologies, Covina Biomedical is dedicated to improving patient outcomes through cutting-edge research and product development. The company operates at the intersection of science and technology, striving to bring novel medical devices and therapies to market. By leveraging expertise in biomedical engineering and collaborating with healthcare professionals, Covina Biomedical aims to address unmet medical needs and enhance the quality of life for patients worldwide.
Audience Reach
everyone
Target Users
everyone
Technologies
Software Development, Consumer Goods, Research
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Early stage requiring focused development
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline