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26-28 MAY, 2013 - FIRST ANNUAL YOUTH ENTREPRENEURSHIP AND INNOVATORS CONFERENCE IN RUSSIA. STARTUP VILLAGE - one of the most ambitious start-up conferences in Russia, organized by Skolkovo in cooperation with partners. The conference is the first this year and will be held annually. European Center for Development of Innovations (ECDI) is the first conference day's pitch session participant in the Life Science pavillion.
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1
European Center for Development of Innovations (ECDI) presents an Russian-German project:
«Mobile Systems eLOC for Multi-Parameter Individual Express Immunodiagnostics»
Title: «Equipment for diagnostics and monitoring of physiological data status».
2Range of problems
Drastically increase of death rate due to infectious and chronic diseases and
illnesses, danger of pandemic diseases. Diseases and viral infection have mixed nature and atypical syndromes which
require diagnostics with application of complex analytical methods. The financial burden for the medicine require reduction of expenses. Lack of market of diagnostics systems which allow determining the nature of
disease of a particular patient precisely (Point-of-care-testing (POCT)).
Quick and accurate diagnosis can save a life, stop the epidemy, become a navigator in treatment!!!
3Substance of the technology
The designed product is based on the application of a cutting-of-edge technology of the electronic Laboratory-on-Chip (eLOC). With the help of an electronic chip and a measuring device the “antigen-antibody” signal is directly converted into an electric signal without any additional labels. This provides:
multi-functional diagnostics (250 tests) small sample volume (one drop of blood) mobility
The results of the MULTI-analysis made using one drop of blood will be ready in 5-10 minutes!!!!
4Product
Product of the project: mobile measuring devices eLOCfor multi-parameter individual express-immunodiagnostics.
Chip cartridge
e-LOC measuringdevice
Software for data acquisition and analysis
Electronics
Biosensor proteins
Electronic chip(MEMS)
5Volume and segments of market
World market volume by 2015 – 40 billion Euros.
Segments of market: POCТ for immunodiagnostics of viral infections: TB, malaria, viral hepatitis, AIDS, new viral infections (bird flu etc.). Еmergency diagnostics. Physician office labs - diagnostics and screening at the office of a physician, in out-patient clinics, in small clinics. In-home monitoring of treatment effectiveness, for example, of treatment with anticoagulation drugs, anticancer drugs etc. Neonatal screening.
6Competitive strengths
multi-functional diagnostics (250 tests) small volume of a sample (one drop of blood) low cost (less than 16 RUR) high speed of measurements (milliseconds) mobile «pocket-type» concept of the device simplicity of use (one-step application of a sample,
automatic measurements, application of IT, cloud calculations)
scalability of technology platform eLOC: application is possible in medicine, veterinary, plants protection, emergency service, armed forces etc.
eLOC surpasses its competitors in its unique specifications!
Abbott I-STAT 16 indicators as a maximum, expensive
Immunochromatograpy test-strips
1 indicator – 80 rub.,a lot of waste
Roche Cobas h232 system (automatic immunochromatography analyzer
1 test –1 indicator,expensive
7Required investments /commercialization
Investments:
1-st stage (R&D) - 5 mln. rub.:
2-nd stage (R&D+pilot-line production) – 25 mln. rub.
3-rd stage (strategic investor) – 260 mln. rub. Commercialization figures:
Turnover of 320 mln. rub. in 2.5 years after the start of sale /commercialization (IRR = 36%).
8Team
Vasilets Larisa Anatolyevna, Doctor of Biological SciencesR&D Director (CSO)
Great international experience :Over 20 years of research in the field
of fundamental studies (bio-physics, molecular biology) in the universities of Germany, Switzerland and Russia; Winner of several start up contests
in Germany; 7 international prizes and grants
awarded. 10 years of experience in management of the innovative high-tech companies in Germany.
Strizhkina Anna AnatolyevnaGeneral Director (CEO)Experience:
Wide experience of establishingand support of start-up companies and
research and development projects; Designer of new site Start-up
Challenge conference.
Paradis Svetlana BorisovnaManaging Director (CMO)Experience:
Wide experience in the area ofinnovative management; Designer of new site for informalcommunication of IG clubinnovation and venture communityand media project «Five o'clock withthe guru of innovation.”
9
ECDI
eLOC diagnostics - is the medicine of the future!