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Olfactomics Surgery SIGNED

BRINGING SURGERY TO THE 21ST CENTURY: REAL-TIME TISSUE ANALYSIS DURING CANCER SURGERY. Improving Patient Safety, Quality and Cost-Effectiveness

Total Cost €

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EC-Contrib. €

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Partnership

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 Olfactomics Surgery project word cloud

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

university    clinical    consists    850m    solution    pathological    reachable    optimal    society    surgery    000m    women    impaired    100m    care    industry    olfactomics    specialties    impacts    specialists    rate    trl    first    skin    effectiveness    founded    300    13    software    removed    intestinal    additional    900m    direct    time    surgeon    incomplete    healthcare    surgeries    sensor    applicable    2015    surgical    postoperative    launched    breast    smoke    operated    follow    patient    imaging    oy    market    tissue    breakthrough    quality    benefits    commercialize    international    company    performed    ranges    savings    spinoff    prostate    workplaces    invasive    compromising    global    2027    sold    team    commercial    easily    currently    200    finnish    law    cancer    instrumentation    excellent    revenue    preoperative    minimally    financials    medical    60    life    innovative    device    connections    2019    tumor    examination    health    removal    sparing    workflow    data    hospital    operation    noninvasive    saved    reoperation    trend    analyze   

Project "Olfactomics Surgery" data sheet

The following table provides information about the project.

Coordinator
OLFACTOMICS OY 

Organization address
address: AAKKULANKATU 4 C 9
city: TAMPERE
postcode: 33700
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]
 Total cost 2˙649˙375 €
 EC max contribution 1˙854˙562 € (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 2019
 Duration (year-month-day) from 2019-04-01   to  2021-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    OLFACTOMICS OY FI (TAMPERE) coordinator 1˙854˙562.00

Map

 Project objective

Currently, cancer tumor removal operation is based on preoperative imaging and postoperative pathological examination. There is a strong global trend towards more tissue-sparing and minimally invasive surgery. If all cancer is not removed in the operation, a reoperation is needed, leading to additional costs, impaired cost-effectiveness and impaired quality of life of the patient. The rate of incomplete removal of a tumor ranges from 10-60%. The breakthrough innovative Olfactomics device allows the surgeon to analyze the operated tissue in real-time during cancer surgery leading to optimal tissue removal without compromising the workflow of the operation and facilitating the use of existing instrumentation. The solution is based on noninvasive, real-time analysis of surgical smoke. The reduced reoperation rate results in significant benefits for the patient, surgeon, hospital and society. The market potential is high. Easily reachable market for the breast cancer surgery is 850M€ and market for other applicable specialties (such as prostate cancer, skin cancer, and intestinal surgery) is over 2,000M€. Olfactomics Oy is a Finnish university-based spinoff company founded in 2015 to commercialize the results of over 10 years of clinical and technical research. The team consists of 13 specialists in surgery, medical technology, software, data analysis, financials and law. The team has excellent connections in the international healthcare industry and sensor technology industry. The technology is currently at TRL 7. The first commercial product for research use will be launched in 2019. This project will focus on scale-up to Olfactomics medical device on breast cancer surgery. The impacts by 2027 include: 3,000 Olfactomics devices sold; 300,000 Olfactomics breast cancer surgeries performed, 70,000 women saved from reoperation, 900M€ costs savings in health care, 100M€ revenue and 200 direct workplaces generated. Scale-up to several surgical areas will follow.

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

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