Objective The objective of the ACE project is to broaden NEOS’ product portfolio by launching its first Spinal Product, an Annulus Closure Device in 2018. Sales from this product will more than triple NEOS’ turnover between 2018 and 2022. It will also position NEOS in a very strategic segment of the Spinal Implants Market: Non-Fusion Spinal Implants (900-1400 M€, CAGR 10-18%), consolidating its visibility as a manufacturer of innovative implants.The ACE provides a permanent solution to an unmet clinical need: disc hernia management. The ACE solves the challenge by providing a barrier to re-herniation which is expandable, is securely fixed to the vertebra, has minimum impact on the current surgery procedure, and respects natural spine movements. This is done by combining expertise in implant design, textile technology, and advanced manufacturing techniques, and was developed by a European consortium in a Eurostars-funded project. The ACE is currently at TRL6, and is ready for testing in its operational environment. The European patent of the invention is in conversations with the examiner, approval foreseen in 2015. Freedom to Operate had been verified. The ACE has been validated with clinicians and commercial partners and the ACE Business Plan has been approved by NEOS’ Board of Directors.The ACE will address a “Blue Ocean” type market with a dynamic IP and start-up landscape, with only one commercially active player at the moment. The ACE will add value to Patients, Surgeons and Payers by offering a cost-effective, permanent solution to low back pain. NEOS will be the first European company to launch an Annulus Closure Device, which will address many European challenges: the socio-economic impact of low back pain (Health Costs, sick leaves, productivity loss), European industrial leadership in the high added-value Medical Devices sector, and bridging the gap between research and the market.The ACE is the cornerstone of NEOS’ Strategic Plan to accelerate its growth. Fields of science medical and health sciencesclinical medicinesurgeryengineering and technologymaterials engineeringtextilessocial scienceseconomics and businesseconomicsproduction economicsproductivitymedical and health sciencesmedical biotechnologyimplantssocial sciencespolitical sciencespublic administration Programme(s) H2020-EU.2.1.2. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Nanotechnologies Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) NMP-25-2015 - Accelerating the uptake of nanotechnologies, advanced materials or advanced manufacturing and processing technologies by SMEs Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-2-2015 Funding Scheme SME-2 - SME instrument phase 2 Coordinator NEOS SURGERY SL Net EU contribution € 1 905 575,00 Address PASEO MIKELETEGI 2 PARQUE TECNOLOGI 20009 DONOSTIA SAN SEBASTIAN 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 Noreste País Vasco Gipuzkoa Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 2 722 250,00
