Bulgarian scale-up Checkpoint Cardio has secured full joint development and implementation contract from a leading university hospital consortium.
Checkpoint Cardio joined the EIT Digital Accelerator in November 2017 and is supported by the EIT Digital's Access to Market teams.
Founded in 2014, Checkpoint Cardio has developed patented wearables that allow constant streaming of cardiac and other significant biometric data, providing a whole system for online diagnostics, prevention and emergency reaction for cardiovascular diseases. It is one of the most avant-garde telemedicine systems for the transmission and monitoring of reliable medical data in real time.
Checkpoint Cardio's first deliverables in the EUR 475 000 deal were all accepted on 29 May. The company is now over the initial kickoff funding set by the contractor. This development and implementation budget will allow CheckPoint Cardio to enhance its key system through the measurement of additional health parameters. The contract will lead to a further development of the CheckpointCardio technology into wearables to be applied in many different hospital departments and use cases.
Boris Dimitrov, CEO and co-founder of Checkpoint Cardio said about EIT Digital Accelerator: 'We are grateful for EIT Digital Accelerator teams supporting us in the development of this deal and for the series of introductions already made this year. Without EIT Digital Accelerator and personal engagement of the access to market and access to finance teams, Checkpoint Cardio would never have been, where we are now.' Wolfgang Kniejski, EIT Digital Accelrator's Access-to-Market Team Leader added : 'For us it is an exciting and highly motivating experience to take such an innovative upscaling company to international markets'.
About CheckPoint Cardio
Checkpoint Cardio combines advanced medical devices with software in order to follow a patient's vital parameters in real time. This reduces visits to the doctor and can prevent sudden cardiac death. CheckPoint Cardio's vision is to offer - through the creation of wearable medical devices - an affordable medical service for all, anywhere at any time. This includes better diagnostic precision than non-connected devices currently used in doctors' offices, connecting patients from anywhere with dedicated medical teams 24/7.
EIT Regional Innovation Scheme
Bulgaria is one of the countries that is part of the EIT Regional Innovation Scheme. The EIT Regional Innovation Scheme (EIT RIS) is the EIT Community’s outreach scheme. The scheme enables the transfer of good practices and know-how from the EIT’s unique approach to boosting innovation. The EIT Regional Innovation Scheme was introduced in 2014 to share good practices and experience emerging from EIT Community activities and to widen participation in our activities across Europe.
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