A start-up that applies artificial intelligence to medical imaging wins a European competition for IT projects in the field of health – Ideas And Entrepreneurs

40 finalists and 22 winners received € 200,000 for new developments in health, raw materials and food during an eruption competition organized by EIT Health. Oxipit, a Lithuanian start-up, won the largest funding of the contest, worth 25,000 euros. Here are some of the victories.

The winners were selected from 400 innovators who participated in the competition this spring, three times more than last year.

This was the last stop of the three launch competitions organized by the EIT (InnoStars Institute of Technology) and the Joint Business Ideas Contest organized by EIT Health, EIT Raw Materials and EIT Food. Forty teams from Central and Eastern Europe presented their ideas to international investors, business partners and EIT community networks.

The winner of the InnoStars Awards is a Lithuanian company called Oxipit, which has earned 25,000 euros to validate its products. Oxipit applies artificial intelligence to medical imaging. They have developed a range of instruments for chest radiography, the most common method of medical imaging. Oxipit differentiates itself from the competition by covering all pathologies and generating reports similar to those of a radiologist.

At the semi-final presentation, HydrUStent, winner of the European Health Catapult Award, received a grant of € 7,000. HydrUStent is a biodegradable, antibacterial and personalized urological stent that avoids secondary surgeries and reduces treatment costs by 60%.

HeadStart Funding, which was created to accelerate products and solutions for SMEs and enable businesses to prepare to invest, awarded two InnoStars awards of € 12,000 to HeartWatch and Koatum.

HeartWatch is a SaaS (software as a service) solution that sends smart alerts to the closest caregiver to improve patient safety. It uses a patented combination of advanced computer vision technology and intelligent learning intelligence to monitor patients through ordinary optical sensors that are not monitored by other methods. The first modules developed include permanent medical monitoring of cardiac alerts, respiratory rate and descent into the bed. Koatum is a medical technology company that offers customizable bioactive solutions to prevent inflammation and accelerate bone integration for faster, pain-free recovery.

The winner of the Joint Health Business Ideas section is a Portuguese team called Nebula X Medical, which aims to put an end to the fear and discomfort caused by colonoscopies for a future in which fewer patients will be suffering from colorectal cancer. The team is developing a PillScope, a swallowing capsule that helps to analyze the patient's colon.

Marios Chryssolouris, head of the winning team of the Joint Business Idea Competition for Joint Business Idea, said it was nice to see young people creating startups and tackling real social problems . The name of his project is FreshStrips. These are inexpensive and easy-to-read stickers that stick to food packaging and change color if foods are exposed to inadequate temperatures during transportation.