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RemoRehab

Empowering the society with a cost-effective solution for remote rehabilitation

Total Cost €

0

EC-Contrib. €

0

Partnership

0

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 RemoRehab project word cloud

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

individual    global    total    sufficient    opportunity    pensions    65    introduces    empowerment    balance    international    feasibility    population    explore    mainly    care    until    live    home    exploring    regular    2040    respect    started    actions    society    physical    services    grounds    possibilities    active    2010    domestic    olds    solutions    near    ways    aging    us    strength    europeans    pressure    420    solution    occurs    billion    trend    outside    market    societal    20    devoted    municipalities    rehabilitation    living    activating    heavy    markets    finland    members    caring    versatile    assisted    technologies    period    sure    physilect    950    176    proper    double    daily    government    independent    modify    2060    commercialization    implementing    pervasive    almost    segment    seniors    economic    spending    valid    2023    countries    scalable    created    lives    elderly    innovation    business    75    ageing    model    exercises    stay    healthcare   

Project "RemoRehab" data sheet

The following table provides information about the project.

Coordinator
PHYSILECT OY 

Organization address
address: VUORIKATU 16 A 10
city: HELSINKI
postcode: 100
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 Finland [FI]
 Project website https://physilect.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.6. (SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies)
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 2018
 Duration (year-month-day) from 2018-02-01   to  2018-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PHYSILECT OY FI (HELSINKI) coordinator 50˙000.00

Map

 Project objective

Ageing is one of the major societal challenges, which has already become a significant economic factor. One of three Europeans will be over 65 by 2060. In Finland the number of over 75 years olds will more than double until 2040 from current 420.000 to 950.000. Total government spending on pensions, healthcare and long-term care will increase by almost 20% between 2010 and 2060. Being under heavy cost pressure, municipalities in many European countries started to explore possibilities of implementing assisted living technologies to provide the elderly care and rehabilitation at home. Similar trend occurs in US. The global home rehabilitation products and services market is expected to reach US$ 176 billion by the end of 2023. To stay independent and active, seniors need both sufficient balance and physical strength to manage in their daily lives. In order to maintain these abilities, regular and versatile physical activity is required. Physilect will help extending the stay-at-home period for seniors by activating them to regular exercises. Our solution enables seniors to maintain their ability to live at home as active members of the society. The proposal introduces a novel business model innovation built on following opportunities: individual empowerment, the pervasive use of new technologies, and new ways of caring. We are targeting at commercialization of our product for global markets by exploring the emerging market opportunity created by the aging of population and a growing need for novel rehabilitation solutions. Our main objective for the near future is to make sure our business model is scalable and valid outside the domestic market. Actions described in this proposal provide grounds for a two-years development project, which will be mainly devoted to the international scale up. The main goal of the proposed feasibility study is to define the proper application focus and modify the business model in respect to specific needs of the selected market segment

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

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