Summary
- Profile Type
- Technology offer
- POD Reference
- TOCY20230317003
- Term of Validity
- 17 March 2023 - 16 March 2025
- Company's Country
- Cyprus
- Type of partnership
- Investment agreement
- Targeted Countries
- All countries
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General information
- Short Summary
- A Cyprus based biomedical engineering company has developed a robotic system that can automate any laboratory procedure and work autonomously 24/7 – without the need of experienced laboratory personnel to be present. The company is looking for potential investors.
- Full Description
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The Cypriot company was established in 2018, by highly skilled and passionate experts. The company is focusing on developing high quality technological solutions intended for the global healthcare market.
In 2020, the company received a Certificate of Innovative SME by the Deputy Ministry of Research, Innovation and Digital Policy.
Since its establishment, the company managed to acquire multiples competitive funding grants through Research and Innovation Foundation of Cyprus and the Cypriot Ministry of Industry and Commerce (Young Entrepreneurship Award) in total value of 780.000 euros.
The company aspires to generate a series of robotic products for life-science researcher and diagnostic analysis.
They developed a state-of-the-art prototype automation platform an adjustable robotic system that can automate any laboratory procedure which constitutes the bottleneck in a researcher’s everyday workflow, reduce the rate of errors and increase overall productivity.
This pre-diagnostic processing tool will be used in laboratories for detecting microbes and other pathogens in feed, water, farm environment, meat or animal waste etc. to determine the pathogenic load in the farm and allow adjustment of antimicrobial drug doses and selection. Additionally, it can run tests non-stop (autonomously) within a day, thus generating big number of useful data for managing livestock health within 24 hours’ time. It can also automate microbiological laboratory procedures, genetic and molecular tests for detecting, identifying/categorizing, and quantifying multiple different microbes and pathogens (species-agnostic approach).
On the contrary to other robotic systems that exist in the market which focus on repeating the same procedure for multiple samples, this platform was build in to perform multiple procedures for few samples. Based on its versatility in the procedures performed it is the only one that can be used for everyday procedures which are the source of human handling inconsistencies. By eliminating human handling inconsistencies, the company aspires to solve the reproducibility crisis which is the term that describes that 70% of published data is non-reproducible and therefore non-trustworthy which leads to 28 Billion USD loss each year! - Advantages and Innovations
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This pre-diagnostic processing tool aims to infiltrate all life-science laboratories based on 4 innovative features:
1. Versatility: full automation of multiple laboratory application protocols
2. Autonomy: 24/7 functionality based on patent-pending robotic systems
3. Compact size: full laboratory with all needed equipment that are included in 3 cubic meters.
4. Attractive Price: competitive price - Stage of Development
- Lab tested
- Sustainable Development Goals
- Goal 5: Gender EqualityGoal 3: Good Health and Well-beingGoal 17: Partnerships to achieve the Goal
Partner Sought
- Expected Role of a Partner
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The company is looking for a financial agreement in order to proceed with the finalization and certification (CE marking) of their technology – pre diagnostic processing tool.
They have an innovative technology and looking for financing by offering the product to investors in exchange of company shares. - Type and Size of Partner
- SME 11-49UniversityR&D InstitutionSME <=10SME 50 - 249Big company
- Type of partnership
- Investment agreement
Dissemination
- Technology keywords
- 06001002 - Clinical Research, Trials06001012 - Medical Research006001020 - Laboratory Equipment006001012 - Electromedical and Medical Equipment06001005 - Diagnostics, Diagnosis
- Market keywords
- 08002003 - Process control equipment and systems08002006 - Numeric and computerised control of machine tools08002004 - Robotics08003007 - Other industrial equipment and machinery08002007 - Other industrial automation
- Targeted countries
- All countries
