Project description
New platform for connected medical devices
Diagnostics and medical devices manufacturers are going through a digital transformation. Recent technological advancements are increasing the speed and accuracy of diagnosis, which can help reduce the time it takes to treat a patient. The Internet of Medical Things (IoMT) – a combination of medical devices and applications that can connect to healthcare information technology systems – is revolutionising healthcare. This is why medical device companies need to transform into data companies. The EU-funded bio-T project is developing a special platform for connected medical devices to reduce risk and save valuable time and money. It is a flexible, secure and cloud-agnostic software solution allowing quick and affordable device connectivity.
Objective
The Internet of Medical things (IoMT), a multi hundred billion Euro market by 2028, presents an opportunity to revolutionize healthcare by collecting and analysing real time patient data. The IoMT brings together the digital and physical worlds to improve the speed and accuracy of diagnosis and treatments, and monitor and modify patient behaviour and health status in real time. It improves health care organisations’ operational productivity and effectiveness by streamlining clinical processes, information and work flows. Therefore medical device companies need to transform into data companies. BUT IoMT is inherently complex, and vendors face Major skill and technology gaps they must overcome in areas such as cyber security, Data Privacy and Quality regulations as well as scaling IoMT solutions to support Millions of devices worldwide. The bio-T™ platform is HIPAA & GDPR compliant, designed specifically for connected medical devices with the aim of reducing risk and saving valuable time, money and focus for healthcare innovators. The bio-T™ platform is an IoMT specific solution built to be flexible, secure, and cloud-agnostic, saving innovators the need to “reinvent the wheel” for their own device. Designed to provide complete flexibility and data ownership, the bio-T™ platform is a software allowing quick and affordable device connectivity and healthcare-related functions, including adherence management, remote patient monitoring, regulation compliance (US FDA & HIPAA, EU ISO & GDPR), and verification and validation protocols. bio-T is home for expert IoT, cloud and mobile app engineers, and has years of experience developing outstanding solutions for connected healthcare products. The IoMT market is expected to grow at a compound annual growth rate (CAGR) of 30.8 per cent, from €37 billion in 2017 to €158 billion by 2022. The tens of thousands of companies worldwide represent a €9b market size for bio-T.
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.
- medical and health sciences health sciences health care services eHealth
- natural sciences computer and information sciences internet internet of things
- social sciences economics and business business and management innovation management
- social sciences economics and business business and management business models
- natural sciences computer and information sciences computer security
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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.
4951446 PETACH TIKVA
Israel
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.