Aortyx has been awarded the SME Instrument Phase I grant worth 50.000 €. This instrument is part of the EU's Horizon 2020 program. A total of 291 small and medium-sized enterprises from 24 countries have been selected for funding, out of 2784 total applicants in this last call.
The target of this grant is to explore and assess the technical feasibility and commercial potential of our breakthrough innovation. It will cover the improvement of our business plan, the clinical trial preparation, the finalisation of our manufacturing plan and the upgrade of our stakeholder analysis. If Aortyx continues to succeed in the development of its Business Plan, the company will apply to the Phase II of this program, which can grant up to 2,5 million euros.