Project description DEENESFRITPL Smart device for mycotoxin-free food production Mycotoxins may be invisible, but they are very harmful to human health. About a quarter of the world’s harvested crops are contaminated by mycotoxins, causing major trade losses for agricultural businesses. This can be solved only by early and on-site detection of mycotoxins. The EU-funded BIOsens project is designing a handy portable device for accurate and rapid mycotoxin analysis for commercialisation on a global scale. The EU’s SME Instrument Phase 1 funding programme will ensure market needs are met. To do so, the project will conduct a comprehensive analysis of the target market. Show the project objective Hide the project objective Objective Every year, companies involved in agriculture businesses experience significant financial losses because of mycotoxins – invisible and dangerous for human health foodborne toxins, which contaminates 25% of the global supply. Farmers, grain elevator owners, and food processing companies suffer the most from this issue and crave for the solution that will allow them easily, swiftly and accurately detect mycotoxins on-site. Timely detection of mycotoxins will prevent them from unsuccessful trade or border rejections, and will lead to revenue increase.BIOsens provides cutting-edge solution that successfully tackles the problem of agriculture companies by creating an easy-to-use portable device for mycotoxin analysis. The mycotoxins testing market is expected to grow to USD 1.75 billion in 2023, and BIOsens is the first solution on the market which combines the accuracy of laboratory testing and the speed of onsite devices.BIOsens team comprises of experts in Biochemistry, Biotechnology, IT and Business which ensure the high quality of the developed solution and successful market entry. According to Financial Times, company’s CEO Andrii Karpiuk is one of 100 eastern Europe’s emerging technology stars and the team has already won numerous start-up competitions, including Intercontinental Startup Battle in San-Francisco.BIOsens aims for global commercialization to ensure that people all over the world consume safe food. SME Instrument Phase 1 funding will enable the company to validate customer needs, conduct thorough analysis of target markets and validate priority countries for market entry, research regulatory requirement and develop an IRP strategy, validate business model and as a result create an elaborated business plan for the successful commercialization of the device. Fields of science natural sciencesbiological sciencesbiochemistryagricultural sciencesagriculture, forestry, and fisheriesagriculturegrains and oilseedsnatural sciencescomputer and information sciencessoftwaresoftware developmentsocial scienceseconomics and businessbusiness and managementbusiness modelsengineering and technologyother engineering and technologiesfood technologyfood safety Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-SMEInst-2018-2020-1 Funding Scheme SME-1 - SME instrument phase 1 Coordinator LLC BIOSENS UKRAINE Net EU contribution € 50 000,00 Address Magnitogorska 1a litera 2 02606 Kyiv Ukraine See on map 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 Other funding € 21 429,00
