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DIABETESMART

The first Clinically Validated AI-powered Diabetes Assistant

Total Cost €

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EC-Contrib. €

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Partnership

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 DIABETESMART project word cloud

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

glucose    app    iia    live    11    normal    artificial    platform    mission    corporates    cagr    thousand    28    clinically    ai    outperforms    europes    powered    66    time    context    25    intelligent    potentially    life    people    start    415    642    12    estimate    daily    complications    revenues    clinical    million    class    individuals    mdr    mobile    profits    company    sugar    19    75    prevalence    pioneer    physician    28b    2021    patient    81    provides       blood    recommendations    2015    2016    fatal    globally    benefit    country    self    children    integrate    lifestyle    stat    2022    diagnosed    insights    wearable    medical    hedia    2040    least    shown    validated    diabetes    health    mellitus    easier    10b    improvement    phone    26    bellow    device    founded    69    cumulative    2017    obtain    danish    employees    diabetesmart    2045    forecast    200    chronic    foresee    disease    care    market    18m    137    compliant    2026    team   

Project "DIABETESMART" data sheet

The following table provides information about the project.

Coordinator
HEDIA IVS 

Organization address
address: OLE MAALOES VEJ 3
city: KOBENHAVN
postcode: 2200
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 Denmark [DK]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (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-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-05-01   to  2019-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    HEDIA IVS DK (KOBENHAVN) coordinator 50˙000.00

Map

 Project objective

Diabetes mellitus, a common chronic disease that is associated with high blood glucose (also called blood sugar) can lead to potentially fatal health complications. Globally, 415 million people were diagnosed with diabetes in 2015, estimated to reach 642 million by 2040. In Europe disease prevalence is high, 66 million people were diagnosed in 2017, estimate to reach 81 million people by 2045, with 28,200 children (bellow 19 years old) diagnosed each year. Diabetes requires long-life care management from a physician care team and patient daily self-management. Improvement of diabetes self-care was shown when people with diabetes used mobile phone application. Yet, the challenge is to identify a clinical relevant App between the thousand diabetes management applications available in the market. Hedia, a Danish pioneer start-up company was founded with the mission to make life easier for people with diabetes. Based on the current challenges, we have developed a mobile platform for the daily diabetes management that outperforms the current stat-of-the-art: clinically validated Class IIA compliant to Europes’s new MDR; an artificial intelligent powered that provides tailored recommendations based on the individuals lifestyle and country context; integrate the user’s blood medical device and wearable of choice and other advanced features that enable people with diabetes live a normal life. DIABETESMART project targets the diabetes care market, which has an estimate value of €69.10B in 2016, forecast to reach €137.28B by 2022 with a 12.4% CAGR (2016-2022). We aim to offer DIABETESMART to corporates -who will obtain further revenues of €18M per year- and to people with diabetes who will benefit from real-time clinically meaningful insights based on AI by 2021. We foresee to reach revenues of €26.6 million with €75.1 million in cumulative profits and increase our team to at least 25 employees (from current 11) by 2026.

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

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