Opendata, web and dolomites

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.

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

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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