Periodic Reporting for period 1 - memetis (Modular fluidic platform with Shape Memory Alloy miniature valves to disrupt medical technology industry (memetis))
Periodo di rendicontazione: 2019-01-01 al 2019-06-30
memetis introduces a modular fluidic platform using Shape Memory Alloy (SMA) miniature valves in combination with other features (e.g. sensors), fluidic ports as well as fabrication and bonding technologies for user specific needs. It enables the realization of unprecedented fluidic platforms with respect to the outer dimensions, functionality, integration density and power consumption, while being easily adjustable to customer specific needs. memetis’ foil-based SMA miniature actuators meet the augmenting challenges of strengthening miniaturization and ever-expanding functionality in their product development. Processes which are normally carried out in a lab can be miniaturized on a single chip and performed at the Point of Care/ Point of Need to enhance analysis and diagnostic efficiency and speed by reducing sample and reagent volumes. memetis’ innovation is a key to simplify or enable the technology developed by memetis’ customers.
memetis’ innovation addresses European business challenges, as it creates a new technology concept that will help businesses resolve difficulties relating to fluidic periphery and controls to perform a wide range of analyses while reducing reagent volumes as well as enabling automation and efficient operation. The feasibility study as part of the Phase 1 project helped to validate the technology’s viability, its market acceptance and future market potential. Phase 2 project promises a rapidly achieving production capacity and commercialization of the memetis solution in our target markets.
Feedback to and reception on the technical feasibility of our core innovation has been sincerely positive throughout the project. As one of the most important factors in the development of fluidic platforms is the choice of materials, our innovation was being tested to evaluate how, in addition to purely biological aspects, other factors such as rinsability and optical transparency also play a role. For these reasons, a material research was carried out with regard to various properties relevant for the fluidic platform.
The collected pilot data and user experience feedbacks provided us with sufficient data to create a development plan towards TRL9. Willingness to pay, price validation, and expected conversion rates were demonstrated in each particular case. The Phase 1 project helped to validate the business concept by demonstrating the market need for our product as well as evaluate the prospects for European growth and international expansion, consistent with the company’s commercialisation plans. memetis has also undertaken several complementary actions to maximize its market success, by defining and implementing the communication needs (product positioning and marketing message) to be used during the commercialization phase, thereby creating the basis for successful product launch.
memetis’ solution offers Europe an opportunity to boost competitiveness and enter new, emerging microfluidics market segments. The high-tech manufacturing industry therefore represents a direct path to development and is crucial for economic growth in Europe. Our solution will bring a tangible impact on society since many of our customers’ new applications and products would bring great advantages, among others in medical care. The existing market offer is limited, and, if such technology would be made available to the public, society in general would greatly benefit.