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Eindhoven-based Scinvivo, a medtech startup, introduced on Wednesday that it has secured €4.7M from Santec OIS Company, The NLC Well being Affect fund, present shareholders, and an “Innovatiekrediet” (Innovation credit score) mortgage of the Netherlands Enterprise Company (RvO).
The corporate will use the funds to enhance the catheter, OCT system, and software program such that it may be used within the clinic and is interesting to urologists.
Marijn van Os, CEO of Scinvivo, says, “I’m very happy with this funding spherical. With Santec we strengthen our provide chain and get a foot gap within the Japanese market. With NLCs HIF, the most important investor in Europe for Medical start-ups, we’ve got an investor on board who understands the precise dynamics within the medical venturing world.”
Scinvivo says medical trials shall be performed to show the medical advantages of the product, and they’ll additionally put together the required documentation to acquire CE certification.
Maaike de Jong, CMO of Scinvivo, says, “This funding brings us a step nearer to the market introduction of our OCT imaging platform. We’re wanting ahead to a detailed collaboration with Santec, and to acquiring the primary in vivo medical outcomes.”
Moreover, the corporate will work on a go-to-market technique to make sure a profitable launch of the OCT imaging platform and make it a industrial success.
Scinvivo: Enhancing most cancers diagnostics
Led by Marijn van Os, Scinvivo goals to enhance most cancers diagnostics for higher affected person outcomes by lowering pointless surgical procedures and rising accuracy.
The corporate is creating an imaging platform based mostly on a forward-looking OCT catheter to visualise the human morphological tissue construction a number of mm deep with a excessive decision.
This method fills the hole within the present picture modalities and permits extra exact invasive surgical procedures.
Consequently, it’ll considerably enhance the prognosis of most cancers, leading to a exact personalised remedy.
The investor
Santec is guided by a dedication to Optical Know-how that’s revolutionising the way in which we understand the world and share data.
Changho Chong, CTO of Santec, says, “I strongly consider most cancers screening with Scinvivo’s OCT know-how supported by Santec’s laser will set a brand new milestone not simply within the process for bladder most cancers but in addition in lots of different endoscopy functions.”
NLC Well being Ventures is an early-stage healthcare investor and the world’s largest enterprise builder in healthtech.
Lars Olthof, Funding Supervisor at NLC Well being Ventures says, “This funding will allow Scinvivo to additional develop their know-how and get their first medical outcomes. It’s a vote of confidence of all events concerned, that we actually consider that this innovation has the potential
to enhance affected person lives at scale. ”
The Innovation credit score is a mortgage from the Netherlands Enterprise Company (RvO). The Innovation Credit score is meant for the event of progressive improvement initiatives with appreciable technological dangers and a very good market perspective.
RVO represented by Bibi van Gijzel and Iris Eefsting, says, “Because the Netherlands Enterprise Company (Rijksdienst voor Ondernemend Nederland ((RVO)), we’re proud to announce our help for Scinvivo via the Innovation Credit score program (Innovatiekrediet). This partnership exemplifies our dedication to fostering innovation with tangible advantages for the Netherlands. Scinvivo’s pioneering photonic know-how holds nice promise in revolutionising early prognosis for bladder most cancers sufferers, probably lowering the necessity for invasive surgical procedures and considerably impacting the healthcare system. We’re excited to collaborate with Scinvivo in driving ahead this transformative venture, in the end aiming to enhance affected person outcomes and advancing healthcare innovation in our nation.”
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