App on AR-Smartglasses for improved autonomy and mobility of visual impaired persons

Project Information

Retiplus

Grant agreement ID: 807637

DOI

10.3030/807637

Project closed

EC signature date 20 January 2018

Start date 1 February 2018

End date 30 June 2018

Funded under

• INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

PLUSINDES SL
Spain

Periodic Reporting for period 1 - Retiplus (App on AR-Smartglasses for improved autonomy and mobility of visual impaired persons)

Reporting period: 2018-02-01 to 2018-06-30

Summary of the context and overall objectives of the project

Low Vision (LV) is a disabling condition caused by eye diseases that substantially decrease the ability to see causing problems not fixable by usual means (glasses, contact lenses, medicines or surgery).
LV deteriorates the quality of life (QOL) of affected people (246 million), who lose their autonomy and mobility. Besides altering the life of the patient, it also has a huge impact on healthcare systems. According to AMD Alliance International, by 2020 the direct costs of vision loss worldwide will reach €2.8 trillion and €760 billion for indirect costs.
Our patented technology is an App for wearable augmented reality Smartglasses (SGs) that will improve LV people vision in all-day situations. Our solution is a disruptive evolution with respect to conventional aids for LV people offering a versatile, discrete, and cost affordable solution for improved QOL.
Retiplus PHASE 1 OBJECTIVES
Performing a market analysis and preparing a consistent go-to-market plan.
Defining a technological roadmap for RETIPLUS evolution and migration to other SGs.
Defining a plan for financial readiness.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

COMMERCIAL FEASIBILITY STUDY: A detailed market analysis (value, forecast, segments, drivers, etc.) performed during Retiplus FS allowed us validating our market hypothesis and the market opportunity for our technology. We also defined the best go-to-market plan considering the features of our potential clients and stakeholders.
TECHNICAL FEASIBILITY STUDY: We defined a 2-year work plan and methodology, including a technological roadmap for RETIPLUS evolution and adaptation based on customer and professionals´ feedbacks to achieve full technological readiness.
FINANCIAL FEASIBILITY STUDY: FS has also allowed us analyzing the funding requirements to bring Retiplus System to the market. We also explored different funding sources (public funding, bank loans, private equity, etc.) to achieve these goals.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

Retiplus System is a single device solution whose features widely overpass current LV aids, allowing a notable improvement on QOL of LV people and reducing the economic impact on healthcare systems as well as other indirect costs (lost productivity, etc.).

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