Innovative medical imaging camera project led by Thermetrix awarded over €578k from Eureka-Eurostars
RedKnight is delighted to have supported South Wales based start-up, Thermetrix Ltd, with a successful application to the Eureka Eurostars programme. Since 2017, Thermetrix have designed and manufactured hardware and software for medical devices in personal healthcare. The company, along with two SME partners, Quantificare (France) and SymblCrowd (Germany), will now receive €578, 684 in grant funding to develop its Multi-Modal Medical Mapper (M4).
Aims
M4 aims to deliver a prototype of a portable camera that integrates 3D scanning, visual and (thermal) infrared imaging modalities. As the user moves the camera along the human body under investigation, it will capture and display the three representational characteristics in a single 3D representation. During the scanning process, graphical overlays will adaptively guide the user. This will minimise the amount of training required and improve the reliability and repeatability of scans.
The project is disruptive in the digital medical devices sector as there are no existing devices capable of performing all functions at the same time. Therefore, this device opens entirely new possibilities for prevention, diagnosis, and treatment, in areas including Diabetic Foot Ulcer treatment, medical aesthetics and wound healing. Importantly, M4 addresses a pressing need for more accurate, reliable devices for wound measurement and management of higher practicality. It will also be usable by all healthcare professionals in various settings and at commoditised price points.
Outcomes
Combined, the global Diabetic Foot Ulcer, Wound Care Management and Medical Aesthetics markets are worth $53.77bn. They pose significant socio-economic challenges to both patients and healthcare systems worldwide. With anticipated high reliability and accuracy, M4 could reduce costs by 13%, saving the EU over $1 billion each year. Crucially, M4 could also save patient lives and improve quality of life for many.
Dr Peter Plassmann, Founder and CEO at Thermetrix said of the success,
“It would have been impossible for us to navigate the complex and time-consuming Eurostars application process on our own. The support from RedKnight was crucial for the success in this highly competitive competition. ”
You can read about more of our recent success stories here. If you would like to discuss your own project with one of our expert advisers, please contact us today.
SBRI competition: using digital technology to support psychological therapies
NHS Scotland is funding a new Small Business Research Initiative (SBRI) competition. Organisations can apply for a share of £345,000 to fund digital technology projects with the potential to provide psychological support. Successful applicants will receive 100% funding and have access to advice from NHS Grampian.
This competition aims to increase the availability of psychological care at Royal Aberdeen Children's Hospital for children and young people with significant gastrointestinal symptoms but no underlying medical disease. Where there are no biomedical solutions, digital psychological support allows patients to self-manage symptoms and live a fuller life.
Scope
Innovate UK are looking for proposals that:
- are interactive and engaging, and can be tailored to individual needs within general themes
- embed sound psychological approaches to improve symptom management and wellbeing
- will disrupt current clinical pathways in NHS Grampian and beyond, and transform clinical care to this population
- use relevant NHS, academic and commercial expertise
- have clinical and commercial potential locally, nationally and globally
- are person-centred with the potential to co-produce solutions with both clinician and users, including CYP, parents and carers
- detail creative, contemporary and engaging solutions targeted to CYP and families
- can deliver an AI-driven psychological therapy service which consists of state-of-the-art technology that responds to the specific needs of young people at any given time.
This is phase 1 of a potential 2-phase competition. In phase 1, you must:
- demonstrate the technical feasibility of your proposed innovation
- establish ongoing collaboration between technical and clinical members of the project team
- formalise any required ethical approvals, data sharing agreements, and contracts
- submit an outline plan for phase 2.
Phase 1 projects should cost up to £10,000, including VAT. Projects must start by 21 October 2020 and last up to 3 months.
This competition is open from 20th July - 9th September. For more information, please visit Innovate UK. If you think that you may be eligible for SBRI funding, contact us today to arrange a free consultation.
Medi2Data Awarded Innovate UK Smart Grant
RedKnight are delighted to have supported South Wales based Medi2Data with a successful application to Innovate UK. The healthcare software company will receive a Smart Grant of £259,100 to further develop its innovative mobile application, ‘eMR Health Passport.’
Using the company’s flagship proprietary software, eMR, Medi2Data develops highly secure applications that make it simple for GP practices and patients to exchange data. The project, titled eMR Health Passport – A patient-centric mobile application to securely hold and transmit medical data, aims to further enhance the technology’s potential by developing a fully interactive app that will securely hold a copy of the patient’s medical record in an easy-to-navigate format.
Crucially, eMR Health Passport provides a digital solution to two of today’s most pressing healthcare challenges: 1) GPs are becoming overwhelmed by GDPR requirements for data handling and requests for patient medical records from third parties, costing primary care an estimated £70m. Medi2Data estimates these costs could be considerably reduced by using eMR technology and interfacing through the health passport with the patient. 2) eMR Health Passport also offers a novel solution to rising levels of mental illness, distress, and low wellbeing among UK Higher Education students. It provides students with the first free patient-centric health wallet with access to real-time data monitoring performance.
The interactive app will allow users to control who sees their medical data, ensuring appropriate consent. Information stored in the app can be pushed back to their GP practice from health organisations outside the NHS, or overseas, and ‘redacted’ records can be created for authorised third parties to receive.
The enhanced application will allow users to access and update their health record from anywhere in the world at any time, improving patient outcomes and the relationship between GP and patient.
Mr Richard Freeman, CEO of Medi2Data said of the success,
“We’re delighted to be receiving this grant from Innovate UK in order to develop and enhance our proprietary technologies. The Smart Grant means we can build on our achievements and test new innovative software and applications that not only gives patients control of their medical data, but has the potential for significant societal impact in how healthcare services are delivered for decades to come.
The support we received from RedKnight was excellent. Their professional approach and knowledge of the process was crucial in helping us secure the funding.”
Helping companies grow is RedKnight's core mission. You can find out more about the types of projects we support here.