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SSB SIGNED

Surgify Safety Burr

Total Cost €

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EC-Contrib. €

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Partnership

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 SSB project word cloud

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

hernesniemi    successfully    world    automatically    fast    signed    venture    cutting    compromising    complications    worth    complete    expertise    patients    innovators    manufacturing    surgery    named    business    famous    human    realistically    plan    commercial    skull    ssb    burr    surgical    professor    received    safer    trl    bone    covers    market    setups    expand    small    spine    arranged    globe    tip    scales    safety    35    innovation    revenue    2019    robotic    interview    ceo    tissue    trials    355k    640m    2021    cut    surgeons    goals    shows    neurosurgeon    estimates    sales    91    academic    safely    core    injuries    techtour    mechanisms    clinical    preclinical    2017    intent    award    est    reduce    stated    prepare    tested    multiple    adds    tears    accurately    24    55    prestigious    2b    letters    first    contact    attachment    juha    97    ear    pilots    animal    surgify    structures    achievable    launch    soft    2022    december    breakthrough    42    risk    financial    dural    winners    sme    critical    september    2018    contest    mit    forecasts    80    drill    mission    ongoing    edges    vc    disposable    review    cadavers   

Project "SSB" data sheet

The following table provides information about the project.

Coordinator		 SURGIFY MEDICAL OY 

Organization address
address: OTAKAARI 5 I
city: ESPOO
postcode: 2150
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 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 2019-08-01   to  2020-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SURGIFY MEDICAL OY FI (ESPOO) coordinator 50˙000.00

Map

 Project objective

Surgify’s mission is to make bone surgery safer around the globe. Our product - Surgify Safety Burr (SSB) enables surgeons to cut bone safely, accurately and fast without compromising the safety of important soft structures. The core innovation is in the mechanisms of a disposable cutting tip of a surgical drill. SSB automatically covers the cutting edges of the small drill tip when it comes into contact with soft tissue.

Surgify has successfully tested the technology in preclinical setups with human and animal cadavers (TRL:6). Based on non-clinical trials by surgeons, Surgify estimates that SSB can realistically reduce the risk of soft tissue injuries with 80% - 91%. Academic research shows that patients without dural tears have 42% - 97% less complications. World-famous neurosurgeon, Professor Juha Hernesniemi has stated: “Breakthrough!”

The first target applications (est. potential €640M) are skull, spine and ear procedures, which account for 55% of the bone cutting disposable attachment market (€1.2B). In the future, Surgify can expand to other fields of surgery as well as robotic surgery applications.

Surgify has multiple ongoing pilots and signed letters of intent worth €355k / year. In September 2017, Surgify’s CEO received the prestigious MIT Technology Review Innovators Under 35 Europe award. In December 2018, Surgify was named as one of the 24 winners of the European Venture Contest, arranged by TechTour.

The SME Phase 1 funding is critical for Surgify. It will be used to further develop a focused, detailed and achievable commercial and operational business plan that adds necessary expertise and scales the sales and revenue delivery to deliver the 2021/2022 goals. With this funding, we can find commercial manufacturing partners, complete a detailed market analysis, interview leading surgeons and prepare necessary commercial plan with financial forecasts to raise SME Phase 2 and/or VC funding for commercial product launch by the end of 2019.

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

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