Project description
Technological innovation to make bone surgery safer
Surgify Medical is developing a product that will make bone surgery safer, more accurate and faster while preventing injury to surrounding soft tissue. The core innovation targets mechanisms of the disposable cutting tip of a surgical drill. It will automatically cover the cutting edges when they come into contact with soft tissues. The technology was successfully tested preclinically on animal and human cadavers and according to company estimations it will reduce risk of damage to soft tissues by 80 %. The EU provides funding for phase 1 of the project, enabling the development of a commercial and operational business plan, establishing manufacturing partners and completing market analysis.
Objective
Surgify’s mission is to make bone surgery safer around the globe. Our product - Surgify Safety Burr (SSB) enables surgeons to cut bone safely, accurately and fast without compromising the safety of important soft structures. The core innovation is in the mechanisms of a disposable cutting tip of a surgical drill. SSB automatically covers the cutting edges of the small drill tip when it comes into contact with soft tissue.
Surgify has successfully tested the technology in preclinical setups with human and animal cadavers (TRL:6). Based on non-clinical trials by surgeons, Surgify estimates that SSB can realistically reduce the risk of soft tissue injuries with 80% - 91%. Academic research shows that patients without dural tears have 42% - 97% less complications. World-famous neurosurgeon, Professor Juha Hernesniemi has stated: “Breakthrough!”
The first target applications (est. potential €640M) are skull, spine and ear procedures, which account for 55% of the bone cutting disposable attachment market (€1.2B). In the future, Surgify can expand to other fields of surgery as well as robotic surgery applications.
Surgify has multiple ongoing pilots and signed letters of intent worth €355k / year. In September 2017, Surgify’s CEO received the prestigious MIT Technology Review Innovators Under 35 Europe award. In December 2018, Surgify was named as one of the 24 winners of the European Venture Contest, arranged by TechTour.
The SME Phase 1 funding is critical for Surgify. It will be used to further develop a focused, detailed and achievable commercial and operational business plan that adds necessary expertise and scales the sales and revenue delivery to deliver the 2021/2022 goals. With this funding, we can find commercial manufacturing partners, complete a detailed market analysis, interview leading surgeons and prepare necessary commercial plan with financial forecasts to raise SME Phase 2 and/or VC funding for commercial product launch by the end of 2019.
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.
- social sciences economics and business business and management innovation management
- medical and health sciences clinical medicine surgery robotic surgery
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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.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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-EIC-SMEInst-2018-2020
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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.
02150 Espoo
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.