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ISSO SIGNED

Innovative Swept Source for next generation OCT devices

Total Cost €

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EC-Contrib. €

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Partnership

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 ISSO project word cloud

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

superior    heart    opportunity    world    unmatched    according    vascular    rate    gold    laser    standard    limitation    proposition    50    structures    vastly    tissues    sub    gain    expansion    bottleneck    competitive    disruptive    delivers    source    characterization    emerged    swept    advantages    preventable    dimensional    diagnostic    successful    2024    innovation    tailwind    hereto    price    acknowledge    fov    oct    impairment    organization    vital    cardiology    creation    diabetic    diagnosis    of    tier    diseases    besides    undisputed    components    fast    imaging    eye    job    octl    local    dermatology    simultaneously    views    competing    retinopathy    performance    entire       first    fuel    decades    vision    untapped    resonating    ophthalmic    business    digit    double    commercialization    octlight    retinal    market    avoidable    cornerstone    80    generation    8bn    health    profit    blindness    alternatives    supplier    revenue    resolution    tools    foothold    accurate    improvement   

Project "ISSO" data sheet

The following table provides information about the project.

Coordinator
OCTLIGHT APS 

Organization address
address: DIPLOMVEJ 381
city: LYNGBY
postcode: 2800
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 Denmark [DK]
 Project website http://www.octlight.com/2019/08/16/octlight-receives-eu-sme-phase-1-grant/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-08-01   to  2019-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    OCTLIGHT APS DK (LYNGBY) coordinator 50˙000.00

Map

 Project objective

According to the World Health Organization, 50% of all cases of blindness in Europe are preventable and 80% of all vision impairment is considered avoidable. However, early diagnostic requires comprehensive and accurate diagnosis tools. While OCT has emerged over the past two decades as the undisputed gold standard for accurate, high resolution local characterization of ophthalmic tissues, its limitation to provide wide field-of-views (FOV) over the entire eye structures has been vastly acknowledge as a key bottleneck to improve early diagnosis of eye conditions – in particular retinal vascular diseases (e.g. diabetic retinopathy).

OCTLIGHT has developed a disruptive laser source – the heart of the OCT system – enabling a step improvement over competing alternatives in the market, providing the cornerstone towards the next generation of 3-dimensional, wide-field and high-resolution imaging of the eye. Besides its superior performance compared to current competitive technology, OCTL’s swept source delivers these advantages at a competitive price, providing an unmatched value proposition– not only in ophthalmic applications but also in other fields using OCT (e.g. cardiology, dermatology, etc.).

Resonating with the fast expansion of the OCT market - expected to reach $1.8Bn by 2024 and growing at a double-digit rate – there is thus a very significant business opportunity for OCTLIGHT to gain a foothold as the lead (sub-)supplier of top tier OCT components. Hereto, the successful implementation of the present innovation project will represent a significant business opportunity for OCTLIGHT, with significant revenue/profit and job creation to be untapped in the first 5 years of commercialization. In addition, the present project is considered as a vital cornerstone to fuel OCTLIGHT’s growth, while simultaneously providing tailwind to a step performance improvement in next generation OCT systems.

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

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