Objective
Intravenous (IV) therapy involves administration of fluids or medications through a needle or a catheter and it is administered
to over 90% of hospitalised patients. Although a simple procedure, a balanced IV therapy has a significant impact by
reducing the number of complications by 59% and the length of hospital stay by 3.4 days. Currently the everyday IV
treatment is administered manually and monitored visually as the infusion pumps that offer accurate treatment monitoring
are very expensive and complicated to use, making them suitable only for emergencies.
A Finnish SME, Monidor, has developed high-accuracy IV infusion monitoring device based on patented technology that
uses infra-red light beam drop calculation and specific measurement algorithms. This allows to offer state-of-the-art accuracy
in a simple and cost effective form bringing balanced IV therapy to every bed in the hospital. Additional features such as
touch-screen interface and wireless connectivity will help to lower the associated workload for the medical staff.
Monidor has been developing the technology for the past two years and has reached a prototype device currently defined at
TRL7. The technological excellence has been tested with Oulu University Hospital and user needs studies have been
conducted with medical staff in Finland, UK, Italy and Denmark. The company has a strong team of 8 experts including
doctors and engineers with experience in R&D and business development from companies such as Nokia, Microsoft and
Broadcom.
Monidor is now looking to conduct the feasibility studies in order to finalize the development process and introduce the novel
solution to the market. As a result of the proposed project Monidor will have a validated technology development plan, IPR
strategy for EU-wide technology exploitation and a detailed business plan to commercialize the technology. According to the
first estimates the company has the potential to generate revenues of more than 30MEUR by 2022.
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.
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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.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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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-1 - SME instrument phase 1
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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
See all projects funded under this callCoordinator
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.
90590 OULU
Finland
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.