CliniSenzProject ID: 684368
H2020-EU.3.1. - SOCIETAL CHALLENGES - Health, demographic change and well-being
CliniSenz(TM) - A Cost-effective Biosensor for Automatic Continuous Blood Glucose Monitoring
Total cost:EUR 71 429
EU contribution:EUR 50 000
Topic(s):PHC-12-2015-1 - Clinical research for the validation of biomarkers and/or diagnostic medical devices
Call for proposal:H2020-SMEINST-1-2015See other projects for this call
Funding scheme:SME-1 - SME instrument phase 1
We are a Swedish medical devices manufacture, Senzime AB, who have been driven by the need to take advantage of an existing core technology to embark on a new strategy to grow based on our vision of becoming the leading provider of analyte evaluation systems, with a turnover of €30.5m by 2020.
To realise this vison we will add a new product line to our portfolio by exploiting an existing biosensor technology that we have developed, as well as the experience and contacts gained on a parallel project, which is currently yielding high growth. We have identified within our target market the need of health care providers to be able to track blood glucose levels continuously which is not currently being met in a cost effective and practical way by existing products.
To overcome these deficiencies we have developed the CliniSenzTM system with innovative features and functionality which in turn creates performance advantages of being more sensitive, specific and continuous. These performance advantages, in turn generate real commercial customer benefits, such as reduced mortality rates, faster recovery rates and the freeing up of healthcare professionals. Since 2004 Senzime has been working to develop prototypes and has conducted clinical trials which has allowed us to have achieved TRL 6. We now seek to create a feasibility report and detailed business/investment plan which will enable us to secure funding to reach TRL 8 and launch the product. This new product will be key to realising our growth strategy relating to achieving growth in sales. Based on projected demand from ICUs across the UK and US, we have forecasted sales worth €30.5 million to us by 2020.
EU contribution: EUR 50 000
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