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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.

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

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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