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 2/3 of insulin volume is injected via injection pens. If 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, a solution to really help diabetics and their caregivers in self-managing their disease. Thanks to the unique integration of smart electronic devices and 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 insulin pen devices, although several reasons make INSULCLOCK unique:
1. It automatically records all critical information related to insulin in-taking for diabetes treatment, without interfering activities of daily living.
2. It stores data taking full advantage of possibilities offered by the Cloud and mobile technologies, assuring security, assistance and privacy.
3. It is universal and reusable.
During Phase 1, further business opportunities have been detected, with pharmaceutical and health insurance companies, and relevant leads have been open. Additionally, market barriers and dynamics are fully understood now, allowing us for the definition of the work plan proposed in this Phase 2 application, which will last 15 months with a total budget of 1.48M€. Finally, we created the team, alliances and resources for international high growth. Now is our moment.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- medical and health sciences health sciences health care services eHealth
- natural sciences computer and information sciences internet internet of things
- medical and health sciences basic medicine pharmacology and pharmacy pharmaceutical drugs
- medical and health sciences clinical medicine endocrinology diabetes
- engineering and technology other engineering and technologies food technology food safety
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.1. - SOCIETAL CHALLENGES - Health, demographic change and well-being
MAIN PROGRAMME
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H2020-EU.3.1.4. - Active ageing and self-management of health
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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H2020-EU.3.1.6. - Health care provision and integrated care
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
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.
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.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2016-2017
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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.
28029 MADRID
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.