Objective IRIDEON is a Spanish-German SME, which develops and provides Internet of Things (IoT) sensor solutions based on a proprietary framework. We have partnered with HERIM, a distributor leader in the diagnostics market for lifestyle, body composition and vascular monitoring. We have been working in the development of a disruptive way to improve the monitoring of congestive heart failure (CHF) patients from home. We aim to prototype, test and commercialise an IoT telemedicine system based on bioelectrical impedance vector analysis (BIVA): CardioBIVA.One in five people in Europe will experience heart failure. CHF is the most common cause of hospitalization in people aged over 65, and half of these die 5 years after the first hospitalization. Heart problems cause 29% of total global deaths, and in Europe 47% of all deaths- over 4 million/year. CHF costs the EU economy €60 billion a year.We have a clear business opportunity, as an IoT telemedicine system that would enable an easy and frequent monitoring of a reliable physiological indicator to CHF in the home environment is expected to substantially reduce hospitalizations and, as a result, lower medical costs and impact on life.The telemedicine industry has become an integral part of the European economy, investing approximately €200 billion a year. The shipments of telemedicine “gateways” for CHF are expected to reach 561,000 in 2015 and over 3.5 million units by 2020.We already have the primary distribution covered by HERIM’s consolidated sales network in Iberoamerican countries, complemented by IRIDEON’s e-commerce channel. The secondary channel will be other Medical Equipment and Supply companies and Insurance companies.With the exploitation of CardioBIVA we expect to create 35 new job positions, internationalize and enter new markets where telemedicine programmes are limited by resources, and increased revenue from sales generated by CardioBIVA (NPV=€8.9 million, ROI=0.70). Fields of science natural sciencescomputer and information sciencesinternetinternet of thingsnatural sciencescomputer and information sciencessoftwaresocial scienceseconomics and businessbusiness and managementcommercee-commerceengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsensorsmedical and health sciencesclinical medicinecardiology 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 IRIDEON SL Net EU contribution € 50 000,00 Address AVENIDA JOSEP TARRADELLAS 38 08029 Barcelona 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 Este Cataluña Barcelona 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
