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Piomic SIGNED

Empowering homecare solutions in advanced wound care

Total Cost €

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EC-Contrib. €

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Partnership

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 Piomic project word cloud

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

piomic    obesity    created    employed    2016    affairs    service    ce    consists    team    traction    matches    ag    19    company    professionals    severe    wound    addressable    pain    annually    segments    inflammation    strategy    financial    swiss    life    plan    suffer    faster    engineering    feasibility    commercialized    allowed    population    35m    paired    aging    specify    first    efficacy    portability    protection    market    engage    patients    stakeholders    burden    revenues    planning    clinical    ftes    benefit    strengthen    hard    tech    treatment    billion    upgraded    total    commercial    believe    interdisciplinary    therapy    founded    trl    mega    50m    device    everyone    develops    2024    solution    regulatory    global    self    healthcare    conduct    instrument    outcome    heal    diabetes    trial    validate    safety    med    sme    ip    experts    rates    refine    hope    certification    wounds    mdd    patient    healing    safe    medical    due    shouldn    human    regulation    science   

Project "Piomic" data sheet

The following table provides information about the project.

Coordinator
PIOMIC MEDICAL AG 

Organization address
address: REITERGASSE 6
city: ZURICH
postcode: 8004
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 Switzerland [CH]
 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 2019-11-01   to  2020-02-29

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PIOMIC MEDICAL AG CH (ZURICH) coordinator 50˙000.00

Map

 Project objective

Due to an aging population with growing rates of obesity and diabetes, over 50M patients suffer from hard-to-heal wounds annually, which has created a severe cost burden to global healthcare systems. Piomic Medical AG, a Swiss Med-Tech company founded in 2016, develops a medical device to promote wound healing processes in hard-to-heal wounds. The device matches market mega-trends for portability and patient self-management. The patient may benefit from a faster healing process, reduced pain and inflammation as well as an improved treatment outcome. Early traction allowed Piomic to conduct a first in human clinical trial to evaluate safety and efficacy of its product and engage CE certification under MDD regulation. The management team of Piomic consists of professionals with interdisciplinary knowledge in science and engineering, paired up with experts in regulatory affairs, life science and product development. We believe life shouldn't be defined by a medical condition. By developing a therapy which is safe and effective we hope to set a better future for everyone in need. The feasibility study aims to validate the commercial feasibility of Piomic with target market segments and key stakeholders. We will strengthen our financial planning and IP protection strategy necessary to improve our service and refine our go-to-market strategy. We will also specify product features needed for a fully commercialized solution upgraded to TRL 9, after the SME Instrument Phase 2. With a Total Addressable Market of €19.3 billion, we plan to reach €35m revenues by 2024 with 90 FTEs employed.

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

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