Objective Cardiovascular disease (CVD) is the leading cause of death in the EU with over 4m deaths annually. Although up to 80% of premature deaths are preventable through early prognosis and treatment the associated costs are significant with global estimates of €41tn in the next 25 years. There is an increasing focus on making care more patient-centric which could save €99bn in healthcare costs in the EU annually. Currently the only medically acceptable method of monitoring a CVD condition includes a trip to the hospital, a complete 12 lead ‘wet’ electrocardiogram (ECG) and a follow-up with a doctor. This process is time-consuming, costly to hospitals and provides only a snapshot of a patient’s heart health. At Smartlife, we have developed wellwatch; a wearable technology garment with our patented textile sensors built in and our unique contactless electronics hub that transmits signals to a mobile application for remote monitoring by patient and clinician. Our technology can be truly disruptive – assisting in the diagnosis of early onset or predictive heart conditions. To gain first mover advantage in the challenging medical market we must secure our supply chain, fully develop the care pathway and present an attractive value proposition to licensees and suppliers. We expect our initial route to market will be through private healthcare, as historically they have a faster uptake of novel solutions. The primary aim of our overall innovation project is to develop a clinically and economically validated wellwatch platform for self-monitoring of CVD. The objective of this feasibility study is to develop our business model for successful commercialisation of wellwatch.The market size of smart textiles in medical applications is forecast to be worth €0.9bn by 2021; our growth projections for wellwatch are to achieve a 5-year ROI of 250% for Smartlife following market entry in 2019, based on our estimated project costs this equates to an ROI of 770% to the EC. Fields of science medical and health sciencesclinical medicinepsychiatrysleep disordersnatural sciencescomputer and information sciencesinternetinternet of thingssocial scienceseconomics and businessbusiness and managementbusiness modelsmedical and health sciencesbasic medicineneurologydementiamedical and health sciencesclinical medicinecardiologycardiovascular diseases 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) SMEInst-01-2016-2017 - Open Disruptive Innovation Scheme Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator SMARTLIFEINC LIMITED Net EU contribution € 50 000,00 Address SANDERSON HOUSE STATION ROAD HORSFORTH LS18 5NT LEEDS United Kingdom 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 Yorkshire and the Humber West Yorkshire Leeds 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
