Opendata, web and dolomites

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.

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

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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