Objective
Diabetic patients (around 8.6% of the western population) must constantly monitor their blood glucose level (BGL) with a continuous glucose monitoring (CGM) device. This social need has already been addressed by some companies, with an overall compound annual growth rate (CAGR) for this market (from 2014 through 2019) of 19.6%. Besides such highly attractive market possibilities, to date none of the commercial CGMs can provide accuracy below 20%. This is a non-assumable risk for the users. In addition, the readout medical device can only be used for glucose sensing, severely limiting its use for early detection of other analytes of interest.
WASP POC aims to bring into the market the next generation of CGMs which makes use of light as interrogation mechanism. In this approach, and with the appropriate multi-purpose medical readout device, accuracies of 10% will be attained. It is the vision of the WASP team that this approach will represent a game-changing player in the market of CGMs. Important is to mention that high technology does not necessary means huge fabrication costs, and WASP will only make use of mass-production technologies and well established measurement protocols (developed in the ERC Starting Grant HIP-LAB).
To determine the market impact of WASP, a throughout market study will be pursued, considering the advantages of the WASP concept as opposite to the competitors. Additionally, a preliminary industrial overview for WASP massive production will be pursued. This preliminary evaluation will take into account production series in the range of 3-300 million units per year, considering all key factors in a real productive environment such as direct costs, replacement costs, etc.
WASP is firmly grounded on already owned IPR related to this topic (patent PCT/ES2011/070011). In addition, a risk assessment procedure has been established allowing the choice of the best route towards either starting-up or licensing the concept to a major player.
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 clinical medicine endocrinology diabetes
- medical and health sciences medical biotechnology tissue engineering artificial pancreas continuous glucose monitors
- social sciences economics and business business and management commerce
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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.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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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.
ERC-POC - Proof of Concept Grant
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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) ERC-2015-PoC
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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.
28006 MADRID
Spain
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.