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NORATEST SIGNED

NORATEST: An e-Health solution for a better Alzheimer's diagnosis and management

Total Cost €

0

EC-Contrib. €

0

Partnership

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 NORATEST project word cloud

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

molecular    noratest    gt    suffering    reference    leaders    hire    signatures    2030    projected    tests    ad    17    coupled    annual    lack    medical    12    efficiency    discriminate    diagnoses    combined    innovative    accurate    diagnosis    analytics    pay    platform    worldwide    efficient    accounting    32m    invasive    almost    profit    detection    countries    earn    people    model    market    algorithm    neurodegenerative    issue    computer    prototype    scalable    5    2    solution    stages    direct    combination    online    alzohis    roi    first    360k    markets    motivated    diagnostic    care    company    total    data    2016    ones    charging    2050    usa    cagr    detecting    business    trl6    fast    advantages    global    employees    healthy    accumulate    worth    detectable    2026    disease    anticipating    improvements    2024    revenue    biomarkers    speed    54m    shows    duplicating    diseases    producing    detect    ddiagnosis    affordable    5m    alzheimer    smart    health    sales    adaptable    patients    competitive    dementia    blood    80m    privacy   

Project "NORATEST" data sheet

The following table provides information about the project.

Coordinator		 ALZOHIS 

Organization address
address: RUE DU FAUBOURG POISSONNIERE 28
city: PARIS
postcode: 91400
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 France [FR]
 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 2019-12-01   to  2020-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ALZOHIS FR (PARIS) coordinator 50˙000.00

Map

 Project objective

Alzheimer's disease (AD) is a major medical problem and is currently an issue of global general interest as the total number of people with dementia is projected to reach ~80M in 2030 and almost duplicating this number by 2050. The lack of an efficient and affordable solution in the AD's health care sector has motivated our company Alzohis to develop NORATEST, a very unique and innovative e-Health platform producing significant improvements, in terms of speed efficiency, in the detection of neurodegenerative diseases. By means of a novel combination of biomarkers “signatures” detectable in the blood with a state-of-the-art computer algorithm NORATEST can discriminate patients suffering AD from those healthy ones, as well as detecting other neurodegenerative diseases. Our prototype, currently at TRL6, is the first reliable non-invasive molecular diagnostic method able to detect the disease in the very early stages, offering several competitive and innovative advantages such as: Cost-effective novel technology, fast, accurate, early ddiagnosis, data privacy coupled to smart analytics, user-friendly and highly scalable and adaptable platform. Our business model is a pay-per-use combined model of charging per analysis and direct online sales. The global AD market shows great opportunities for us since it was worth €2.5 B in 2016 and is set to reach €12.6 B by 2026 (CAGR of 17.5%). Worldwide we expect a market growth in both established and in developing countries, anticipating >5M annual AD's diagnoses in the two main markets leaders based in Europe (2.5-3.5M diagnoses/year) and USA (1.5-2.5M diagnoses/year) by 2024. Our company goal is to become the reference for AD's diagnosis in Europe. We estimated that in 5 years (end of Phase 2 project), we will accumulate 360K diagnosis tests sales (revenue €54M) accounting for ~2% of the EU and USA market. We expect to hire 40 new technical and sales employees and earn ~€32M profit, with a ROI of 6.5.

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

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