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ContraBand: the only heart failure medical device that is placed outside the heart

ContraBand is an implantable device designed to restore heart function in CHF patients, aiming for a 2024 launch and generating significant revenue while creating over 95 jobs in Europe.

Subsidie
€ 2.499.999
2022

Projectdetails

Introduction

Worldwide, 26 million people suffer from Congestive Heart Failure (CHF), a chronic condition that worsens with time and leads to staggering healthcare costs and a significant reduction in quality of life.

Project Overview

ContraBand is an implantable device aiming to restore heart function in patients suffering from left ventricle failure.

Benefits of ContraBand

ContraBand's benefits include:

  • Built-in fail-safe for full reversibility of functionality
  • Tremendous ease of use due to its proprietary stent-within-a-stent design and transcatheter delivery system
  • Full clinical flexibility to be compatible with pharmacotherapies and other CHF devices

Development and Launch

In the project, we will finalize clinical development and introduce ContraBand into clinical routines in Europe.

Financial Expectations

We expect to launch ContraBand in 2024, generating:

  1. 15M in revenues in 2025
  2. 60M in revenues in 2026

Job Creation

Before market launch, we will create over 95 jobs at the company in strategic locations in Europe.

Financiële details & Tijdlijn

Financiële details

Subsidiebedrag€ 2.499.999
Totale projectbegroting€ 3.850.718

Tijdlijn

Startdatum1-12-2022
Einddatum30-11-2024
Subsidiejaar2022

Partners & Locaties

Projectpartners

  • RESTORE MEDICAL LTDpenvoerder

Land(en)

Israel

Inhoudsopgave

EIC Accelerator

EU-subsidieprogramma voor mkb en start-ups met grants tot €2,5 mln en equity-investeringen tot €15 mln voor baanbrekende innovaties.

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