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MAGTEST

MAGTEST: Simple and specific next generation lab-on-a-chip in-vitro molecular diagnostic device

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 MAGTEST project word cloud

Explore the words cloud of the MAGTEST project. It provides you a very rough idea of what is the project "MAGTEST" about.

device    investment    margins    proprietary    deployment    regards    smeinst    annual    winning    fundamental    sustainable    8    either    tool    worth    businesses    company    2015    boost    07    mastitis    commercialization    devastating    economic    molecular    initially    solutions    pipeline    2013    6bn    danger    vitro    informative    operate    bulky    award    reducing    world    identification    crushing    introduction    antimicrobial    dairy    health    disease    diagnostics    bovine    validated    efficient    2018    mammary    line    magtest    site    convenient    significantly    fast    industrialization    animal    portable    producers    antibiotics    forum    detect    infection    industry    detection    first    substrate    cows    diagnostic    2bn    human    competitiveness    judicious    expressed    industrial    parallel    accurate    compact    strategy    farms    innovation    magnomics    clear    biotechnology    status    platform    resistances    dna    milk    city    bacterial    2017    kansas    2016    hindrances    alone    gland    bacteria    simply    too    ipr    time    market    treatments    till   

Project "MAGTEST" data sheet

The following table provides information about the project.

Coordinator		 MAGNOMICS SA 

Organization address
address: PARQUE TECNOLOGICO DE CANTANHEDE NUCLEO 04 LOTE 2
city: CANTANHEDE
postcode: 3060 197
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Portugal [PT]
 Project website http://www.magnomics.pt
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.2.4. (Sustainable and competitive bio-based industries and supporting the development of a European bioeconomy)
2. H2020-EU.3.2.1. (Sustainable agriculture and forestry)
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
4. H2020-EU.3.2.2. (Sustainable and competitive agri-food sector for a safe and healthy diet)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2016
 Duration (year-month-day) from 2016-08-01   to  2017-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    MAGNOMICS SA PT (CANTANHEDE) coordinator 50˙000.00

Map

 Project objective

Antimicrobial resistances are a clear and present danger for human health. More than ever, it is fundamental to have an accurate and fast bacteria identification tool to ensure the judicious deployment of antibiotics.

Current diagnostic solutions are either too complex and bulky to operate “on site”, or are simply not informative enough. Magnomics novel, fast, award winning proprietary technology is able to detect bacterial DNA using a simple, compact platform. This fully portable, easy to use in-vitro molecular diagnostic device addresses the concerns expressed by the European Commission with regards to antimicrobial resistances: it allows for the easy and convenient detection of bacteria in any substrate, significantly reducing the lead time for treatments.

In line with the expected impact of the “SMEInst-07-2016-2017” topic, Magnomics will initially focus on animal health diagnostics. This choice of market, worth €2.6bn in 2013 with an 8% growth estimated till 2018, was fully validated after winning the Innovation Award at the Kansas City Animal Health Investment Forum in 2015. Addressing a devastating disease in dairy farms across the world that is crushing the margins of milk producers in the EU, the first product will target bovine mastitis, an infection of the mammary gland of dairy cows with an annual economic impact of over €2bn in the EU alone.

This technology is expected to significantly boost the competitiveness of the dairy industry through the reduction of health-related hindrances to production. In parallel, the milk production businesses will become more sustainable through the introduction of a high-end biotechnology process within their industrial pipeline, ensuring the efficient use of resources. MAGTEST will allow the company to fully assess the market potential, IPR status of Magnomics’ technology, ensuring an effective industrialization and commercialization strategy.

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The information about "MAGTEST" are provided by the European Opendata Portal: CORDIS opendata.

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