Objective INSULCLOCK addresses the opportunity of providing a new product within the growing market for diabetes care, a very serious and painful disease with an expected global patient pool of 380 million by 2025.More specifically, INSULCLOCK approaches the insulin pens market which totaled above 8 billion € in 2013, with a 9% CAGR for the next years.More than 25% of diabetics depend on insulin injections daily, and it is estimated that two-thirds of insulin volume is injected via a modern pen devices. In case treatment fails, there is high risk of complications related to vascular and nerve affection and even death.The goal of our project is to launch market uptake of INCULCLOCK, an integral solution to really help diabetics and their caregivers in self-managing their disease. Thanks to the unique integration of smart electronic devices and mobile&wearable technologies, we create new demand both from patients already using insulin pens and those not doing so because of reliability issues. Also, around their caregivers, not involved today in business, creating an uncontested market space.In the current market there are smart/memory insulin pen devices however several reasons make INSULCLOCK really unique:1. It automatically records all critical information related to insulin in-taking for diabetes treatment.2. It stores data taking full advantage of possibilities offered by the Cloud and mobile application technologies, assuring security and privacy.3. It integrates wireless communication. 4. It is universal, reusable and even smaller and lighter than competitors.5. It fulfils these advantages altogether.We plan to undertake detailed studies for identifying key action points for the internationalization and growth of the company as well as industrialization process, purposes of Phase 2, for which we estimate a total budget of 1M€ for 12 months. In Phase 3 we will focus in further private investment. Fields of science natural sciencescomputer and information sciencesinternetinternet of thingsmedical and health sciencesclinical medicineendocrinologydiabetesengineering and technologyelectrical engineering, electronic engineering, information engineeringinformation engineeringtelecommunicationsradio technologybluetoothsocial scienceseconomics and businessbusiness and managementbusiness models Programme(s) H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) ICT-37-2014-1 - Open Disruptive Innovation Scheme (implemented through the SME instrument) Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-1-2014 Funding Scheme SME-1 - SME instrument phase 1 Coordinator INSULCLOUD Net EU contribution € 50 000,00 Address JULIO PALACIOS, 29 13 Esc.A 28029 MADRID Spain See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Comunidad de Madrid Comunidad de Madrid Madrid Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00
