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RedStroke SIGNED

Smart ICT-solution to cost-efficiently detect atrial fibrillation to Reduce Europe’s burden of Stroke

Total Cost €

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EC-Contrib. €

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Partnership

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 RedStroke project word cloud

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

ict    200m    total    roll    atrial    gt    identification    fibrillation    healthcare    proven    amounts    attractive    verify    technologies    preventicus    65    competitors    million    cardiologist    2025    sales    service    routine    return    ecg    standard    time    grant    active    accuracy    clinical    suspects    eic    agrave    stroke    germany    initiation    first    smart    company    difficult    sustained    solution    prevent       predictive    billion    representing    successful    ready    death    efficient    170    99    health    revenues    screened    core    risk    safeguard    times    confirmation    capture    clinically    deployment    treatment    telecare    af    costly    150    deaths    started    commercialisation    suitable    market    insurance    international    78    profitability    20    96    31    grade    final    noticed    cumulative    accounting    employment    referral    24    investment    german    driving    screening    electrocardiogram    usa    services    rate    cardiac    accurate    smartphone    plus    detection    companies    player    patients    volume    structured    holter    vis    disability    strokes    surrounding    arrhythmia    sme    investments    accelerate    hour   

Project "RedStroke" data sheet

The following table provides information about the project.

Coordinator
PREVENTICUS GMBH 

Organization address
address: GOETHESTRASSE 3B
city: JENA
postcode: 7743
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 Germany [DE]
 Project website https://www.preventicus.com/ueber-preventicus/unternehmen/
 Total cost 3˙555˙382 €
 EC max contribution 2˙488˙767 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2018
 Duration (year-month-day) from 2018-11-01   to  2020-10-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PREVENTICUS GMBH DE (JENA) coordinator 2˙488˙767.00

Map

 Project objective

Stroke is the second most common cause of death and complex disability, accounting for ~1 million deaths in Europe each year. Total cost of stroke in the EU amounts to €65 billion a year. Main risk factor for stroke is atrial fibrillation (AF), the most common type of sustained cardiac arrhythmia. Early identification of AF can prevent strokes as treatment can be started on time. However, AF is difficult to capture and often not noticed. Classical AF detection methods (electrocardiogram [ECG] and 24 hour-holter-ECG) have less than 20% success rate. Plus these methods are costly and not suitable for routine large-scale screening. German SME company Preventicus developed a smart ICT solution for accurate and cost-efficient AF screening, aiming to prevent stroke, based on technologies present in a standard smartphone. Its technology is clinically proven in international studies (accuracy: 96%, predictive value: >99%). To ensure wide deployment as structured AF detection program, Preventicus has set-up clinical grade services surrounding its ‘core’ technology, e.g. Telecare service to verify AF suspects, to safeguard timely referral of the screened AF-patients to a cardiologist for AF confirmation and treatment initiation. The target market is an attractive high volume market (~150-200M end-users in Europe). Preventicus is the first European player in the market (all its competitors are US-based). As such, investments in the company will enhance Europe’s standing in the smart healthcare technologies market vis à vis the USA. Following successful commercialisation in Germany (~170,000 active users and sales to large health insurance companies), Preventicus is now ready to accelerate growth beyond Germany. Funding will allow the company to take the final steps needed for EU-wide roll-out, directly driving employment growth and profitability of the company (estimated cumulative revenues: €78 million in 2025, representing return of investment of >31 times the EIC grant)

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

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