Opendata, web and dolomites

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.

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

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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