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Novel AI-based system for orthopedic surgery to help surgeons fully automate the pre-operative planning of knee osteotomy

Project description

Innovative AI-based solution for preoperative planning of orthopaedic surgery

The Portuguese MedTech company Peek Health is introducing PeekMed-Auto, an innovative AI-based system that fully automates the preoperative planning of osteotomies around the knee, allowing patients to postpone or avoid knee replacement altogether. The innovation is necessary to overcome the difficulty of preparing this type of surgery, often avoided due to the complexity of its planning and the limitations of available tools. The EU-funded PeekMedAuto project aims to introduce innovative technological solutions for preoperative planning of orthopaedic surgeries, increasing the quality and sustainability of healthcare services, ensuring patient safety and establishing Peek Health’s position in the market.

Objective

Peek Health S.A.s overall mission is to develop innovative technological solutions for pre-operative planning of orthopedic surgeries; increasing the quality of healthcare services, decreasing the overall cost of care, and providing added value to surgeons, patients, and partners. Based on a successful manual version with significant market traction -PeekMed- Peek Health introduces the innovative AI-based PeekMed-Auto, the first system that fully automates pre-operative planning for osteotomies around the knee (correcting bowlegs or knock knees); a surgery allowing patients to postpone knee replacement for several years, or avoid it altogether. The need for this innovation became apparent by the reported difficulty of planning osteotomies by surgeons due to its complexity and limitations of tools available. Through significant and disruptive impact, PeekMed-Auto will establish Peek Healths position in the market, generating >40M in revenue by 2026, and a cumulative profit of ~40M.

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Keywords

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

HORIZON-EIC-ACC-BF - HORIZON EIC Accelerator Blended Finance

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Call for proposal

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(opens in new window) HORIZON-EIC-2022-ACCELERATOR-01

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Coordinator

PEEK HEALTH SA
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 2 287 922,00
Address
CENTRO DE NEGOCIOS IDEIA ATLANTICO RUA PADRES CARMELITAS CX 186
4719 005 Braga
Portugal

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Continente Norte Cávado
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 3 268 460,00
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