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A Romanian start-up exceling in medical engineering seeks to conclude investment agreement with partners that can support to complete the prototype from its current technology readiness level (TRL6) to full commercialization (TRL9).

Summary

Profile Type
  • Technology offer
POD Reference
TORO20230911013
Term of Validity
11 September 2023 - 10 September 2025
Company's Country
  • Romania
Type of partnership
  • Research and development cooperation agreement
  • Investment agreement
  • Commercial agreement with technical assistance
Targeted Countries
  • All countries
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General information

Short Summary
The company objective is to develop an inventive robotic system for medical procedures that require the use of flexible tools such as catheters. This robotic system has the capability to navigate instruments within the human body without potentially harmful technologies like X-rays. The partner the company is looking for are investors that could provide the necessary financial support and know-how for taking the patented robotic systems to full commercialization
Full Description
The Romanian company is a pioneering medical start-up, established in 2020, on a mission to translate cutting-edge technology stemming from an international research endeavor, also delivering top-tier consulting services in research and engineering. This includes expertise in design, computational simulations, development of artificial intelligence applications, and prototyping.
One of the innovative developed solutions by the company is an USA patented innovative robot designed specifically for medical applications. The SME already achieved a major milestone by developing a functional prototype of this compact, easy-to-use robot, including advanced software for control and precise navigation. Additionally, they have made significant progress in creating prototype medical instruments that seamlessly integrate with systems.
The inventive robotic system integrates medical imaging navigation, electromagnetic tracking, and complex algorithms including artificial intelligence for continuous registration during the procedure, resulting in increased surgical precision. Unlike rigid, pre-programmed robotic aids, the patented solution utilizes flexible instruments and dynamically adapts to the ever-changing surgical environment in real-time, elevating accuracy and minimizing the potential for human error.
This cutting-edge system is specifically tailored for medical procedures such as bronchoscopy, endoscopy and cardiovascular interventions, making use of flexible instruments like catheters, guidewires, biopsy, or ablation tools. What sets apart the innovative robotic solution is its openness, allowing seamless adaptation to the surgeon's preferred off-the-shelf instruments.
The compact and cost-effective design of the patented robot ensures accessibility across diverse healthcare setups, bridging the gap in the availability of advanced surgical care. It serves as a powerful extension of a surgeon's capabilities, empowering them with enhanced precision and endurance during prolonged procedures.
Moreover, this easy-to-use system not only boosts precision but also significantly reduces radiation exposure for both doctors and patients by employing non-harmful imaging and electromagnetic tracking methods. The potential for this innovative robotic solution is to transform patient outcomes in complex procedures is unmatched, solidifying its position as an unparalleled innovation in the medical industry.
The company is keen to find partners with a solid background in medical devices which could invest and support to complete the prototype, moving the innovative system from its current technology readiness level (TRL6) to a model being successfully deployed for multiple missions by end users (TRL9).
Advantages and Innovations
The groundbreaking patent proves AI-driven surgical precision enhancing outcomes in complex procedures, compact, and surgeon-centric, meets healthcare market demand for precise, adaptable, and accessible surgical robotics.
Stage of Development
  • Available for demonstration
Sustainable Development Goals
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 3: Good Health and Well-being
  • Goal 17: Partnerships to achieve the Goal
IPR status
  • IPR granted

Partner Sought

Expected Role of a Partner
To propel the project forward, the company is actively seeking a strategic partner who shares their vision for the future of surgical robotics. They aim to collaborate with an investor who can provide the necessary capital and expertise to help them complete the prototype, moving the system from its current Technology Readiness Level (TRL6) to full commercialization at TRL9.
The ideal partner would be an experienced and forward-thinking entity with a deep understanding of the medical technology landscape and a strong interest in advancing healthcare through innovation. They should have a track record of successfully supporting and scaling projects in the medical sector, particularly in the realm of robotics and medical devices.
In addition to financial support, the Romanian company values a partner who can bring outstanding industry insights, strategic guidance, and access to relevant networks, helping them to navigate regulatory processes and market penetration. The right collaborator will recognize the vast potential of the innovative technology, its ability to improve patient outcomes, and the opportunity to make a significant impact on the global healthcare market.
By joining forces with the right partner, they envisage a future where their pioneering robotic system becomes the gold standard in medical procedures, revolutionizing patient care, and solidifying their position as leaders in the field of medical robotics. The envisaged partnership will shape the future of surgical medicine and create a lasting legacy of innovation and improved healthcare worldwide.
Type and Size of Partner
  • R&D Institution
  • SME 11-49
  • Big company
  • SME 50 - 249
Type of partnership
  • Research and development cooperation agreement
  • Investment agreement
  • Commercial agreement with technical assistance

Dissemination

Technology keywords
  • 01003003 - Artificial Intelligence (AI)
  • 01003012 - Imaging, Image Processing, Pattern Recognition
  • 06001013 - Medical Technology / Biomedical Engineering
  • 01001001 - Automation, Robotics Control Systems
Market keywords
  • 005001008 - Diagnostic test products and equipment
  • 05005010 - Cardiology
  • 05005004 - Gastroenterology
  • 05005007 - Pulmonary medicine
  • 05005014 - Oncology
Targeted countries
  • All countries