Bringing connected to the active elderly

Informazioni relative al progetto

INVIS Care

ID dell’accordo di sovvenzione: 826747

DOI

10.3030/826747

Progetto chiuso

Data della firma CE 12 Luglio 2018

Data di avvio 1 Giugno 2018

Data di completamento 31 Agosto 2018

Finanziato da

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Costo totale

€ 71 429,00

Contributo UE

€ 50 000,00

Coordinato da

INVIS SP ZOO
Poland

Periodic Reporting for period 1 - INVIS Care (Bringing connected to the active elderly)

Periodo di rendicontazione: 2018-06-01 al 2018-08-31

Sintesi del contesto e degli obiettivi generali del progetto

Over incoming years Europe will be witnessing a large change in the age pyramid due to growing number of the elderly. This will impact the rising costs of public healthcare – now the European population aged 65+ consumes 60% of healthcare resources. One of the ways to reduce the costs of care for the elderly relates to different means of activating and monitoring them. Although the scientific evidence indicates that the health and quality of life effects of a physically active lifestyle extend across the life course, midlife and older adults represent today the most inactive portion of the population despite availability of diverse assistive solutions such as wearables. At Invis, we have developed an advanced wearable technology that brings connectivity to the classic watch industry, while leaving traditional design without any changes. With our connected strap end users can still keep their watches and at the same time use new technologies. With the Invis Care project we aimed to verify technological and business feasibility of evolving our existing product into a device primarily addressing needs of the elderly.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

Being assisted by our coach assigned by the EASME, we verified end user needs as well as we identified other, new to us, expectations which may be addressed with INVIS Care device. Within the technology related part of our work, we evaluated possibility for enhancing our product with sever vital features awaited by the elderly which resulted in planning of coherent hardware and software development. The conducted in-depth market analysis helped us better understand both global and regional market conditions which contributed to an update of our commercialization strategy and our business plan. As a part of market research, we also investigated into the competitive landscape updating and extending our knowledge of competitors and their offering. We also reviewed our IPR strategy, consolidating our knowledge of IPR assets in our position and drafted plan for future activities in the domain of IPR protection.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

Finally, we updated and extended our business plan also including future revenues generated from collaboration a B2B client acquired during the project. Building on the conclusions we are convinced that Invis Care matches confirmed needs and expectations of the elderly in the technological, economic and practical aspects. We aim to prove it by successful entering to the market, possibly with the support from Phase 2 Instrument.

Invis connected straps for classic watches - startup pack