Opendata, web and dolomites

FastFinder

Artificial intelligence for automated, standardised interpretation of DNA testing results

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

0

 FastFinder project word cloud

Explore the words cloud of the FastFinder project. It provides you a very rough idea of what is the project "FastFinder" about.

commercial    interpretation    uten       standards    healthcare    public    extends    manual    genetic    gdp    company    disruptive    pharma    continues    demanding    molecular    advancing    24    projected    workflow    hiring    innovation    learning    2060    clinical    dna    grow    usp    chronic    safety    team    founded    treatment    algorithms    venture    skilled    raised    427    solution    faster    artificial    belgian    flanders    2018    leuven    centre    imec    biologists    coming    automated    stricter    implications    backed    record    times    eic    tests    cagr    removes    develops    ugentec    labs    business    quality    population    lab    clear    2014    pull    budgets    solutions    health    innovative    award    data    scientists    patients    winning    machine    diseases    engineers    promotion    substantially    platform    diagnostics    track    serious    gain    boosting    decisions    ku    detection    wouter    coupled    deloitte    errors    tom    food    standardised    software    revenue    45    bio    microsoft    market    additional    ageing    ict    million    volumes    contracted    successful    costly    fastfinder    highlights    pressure    personalised    expenditure    automate    led    setting    university       employees    capital    start    human    automation    martens    intelligence   

Project "FastFinder" data sheet

The following table provides information about the project.

Coordinator
UGENTEC NV 

Organization address
address: KEMPISCHE STEENWEG 305/6
city: HASSELT
postcode: 3500
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Belgium [BE]
 Project website http://www.ugentec.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2017
 Duration (year-month-day) from 2017-06-01   to  2017-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    UGENTEC NV BE (HASSELT) coordinator 50˙000.00

Map

 Project objective

UgenTec is an award winning Belgian bio-IT start-up that develops software for automated and standardised analysis of DNA detection tests. Founded in 2014, it is venture backed and as raised a capital of €3.45 million. The company is led by Wouter Uten and Tom Martens, both with a track record in successful business development. UgenTec has a contracted revenue of €427.000, a team of 24 software engineers, data scientists and molecular biologists and is supported by Deloitte, IMEC, KU Leuven university, EIC-ICT labs and Microsoft Innovation Centre Flanders. Public health expenditure in the EU continues to rise with projected growth at 8.5% of GDP in 2060, driven by an ageing population and associated rise in chronic diseases and the promotion of personalised healthcare, demanding molecular information. This highlights an increasing need for automation in molecular diagnostics, including software solutions for interpretation of results. The market for genetic analysis software will grow substantially at 6.9% CAGR already by 2018. There is a clear market pull for automated solutions: as genetic testing volumes are growing every year and quality standards become stricter, the lab budgets are coming under pressure. As a disruptive innovative solution to this problem, UgenTec has developed the FastFinder software platform, advancing state of the art artificial intelligence and machine learning algorithms to automate the interpretation of results in the genetic testing workflow. FastFinder USP allows interpretation 30 times faster than manual interpretation and removes human errors that can lead to serious – and often costly – implications in treatment decisions for patients. Platform application potential extends beyond a clinical setting, (e.g. pharma, food safety) boosting commercial gain. This innovation has a revenue potential for UgenTec of over €100 million within 10 years coupled to the hiring of 100 additional highly skilled employees.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "FASTFINDER" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "FASTFINDER" are provided by the European Opendata Portal: CORDIS opendata.

More projects from the same programme (H2020-EU.2.1.1.;H2020-EU.2.3.1.)

Assist (2015)

Telocate ASSIST – Development and marketing of an acoustic solution for localization and navigation of people in buildings using the smartphone

Read More  

Gestoos (2017)

The first Behavior Recognition Open Platform

Read More  

NeuroPsyCAD (2017)

Artificial Intelligence for early and accurate neuropsychiatric diagnosis

Read More