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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.

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

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.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "SSB" project.

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Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

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

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