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The world’s first needle-free continuous glucose monitor to prevent and manage diabetes at scale

Developing a non-invasive glucose monitoring device to improve diabetes management and prevent onset for over 2 billion people through EIC blended finance support.

Subsidie
€ 2.500.000
2022

Projectdetails

Introduction

Diabetes is one of the biggest health concerns globally: 6% of the world’s population already lives with diabetes, and another 35% is at a high risk of developing it.

Importance of Monitoring

Proper management of diabetes starts with consistent and accurate monitoring of glucose levels. Yet, most diagnosed diabetics do not monitor their blood sugar as often as prescribed, because it is painful and inconvenient to do so.

Industry Need for Change

This is clear evidence that the €16+ billion glucose monitors industry needs a change – the current methods are not good enough.

Innovative Solution

We have invented, patented, and productized a new technology category for extracting and analysing blood sugar levels in a completely non-invasive way.

Funding Application

We are applying for the EIC blended finance to further miniaturise, optimise, and clinically prove this technology on a wider scale.

Potential Impact

The financing will turn our breakthrough scientific discovery into an end-user device that can potentially impact over 2 billion people by helping them prevent diabetes onset altogether.

Financiële details & Tijdlijn

Financiële details

Subsidiebedrag€ 2.500.000
Totale projectbegroting€ 6.567.443

Tijdlijn

Startdatum1-2-2022
Einddatum31-1-2024
Subsidiejaar2022

Partners & Locaties

Projectpartners

  • GLUCOMODICUM OYpenvoerder

Land(en)

Finland

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.

Bekijk regeling

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€ 2.194.210
2022
Details
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