Grundium Oy receives €2 million grant from the Horizon 2020 SME Instrument

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Invent Baltics consultants supported Finnish company Grundium Oy in preparing a successful SME Instrument Phase 2 project proposal. The project with a total budget of €2,9 million will develop the world´s first portable and smart digital microscope scanner for clinical and research use.

Today, digital pathology is at the verge of major breakthrough and it is regarded as one of the key enabling technologies in future medicine forming a €5 billion market by 2023. However, the digital pathology adoption is still far from achieving its full potential as ~80% of potential end-users (hospitals, labs, researchers) have still no access to digital pathology because of the cost of slides´ scanning tools.

Grundium has solved this bottleneck and developed the world´s first professional grade portable microscope slide scanner that costs up to 90% less than current alternatives.

Horizon 2020 SME Instrument provides an excellent opportunity for small and medium sized companies to get financial support for product development and also for commercial uptake. Applying for Horizon 2020 SME Instrument should be considered if your company:

• has developed a novel technological solution with a superior value proposition
• has already contracted the first customers and believes there is strong market demand for the solution
• has tested and validated a prototype proving the benefits of the technology.

The next SME Instrument cut-off date for Phase 2 projects are 10.10.2018 and 09.01.2019. Invent Baltics OÜ provides initial consultancy regarding funding opportunities within the Horizon 2020 Research and Innovation programme free of charge.

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