by Editorial Team | Apr 25, 2024 | General News
The European Innovation Council has acknowledged PhysioMRI as one of the five most outstanding technological projects in the European Union for its technology, which represents a significant advancement in the field of medicine, offering an innovative and accessible solution for medical diagnosis. PhysioMRI’s innovation, the world’s first portable magnetic resonance imaging machine, stands out in the European medical technology scene.
PhysioMRI, the world’s first portable magnetic resonance imaging machine, has been selected as one of the five most important technological projects in the European Union, as determined by the European Innovation Council (EIC), the European Commission’s program designed to support and drive innovation and cutting-edge research in Europe, to which this technology has captured the attention of health experts from the European Union.
PhysioMRI is not just a magnetic resonance imaging machine; it is a promise of accessibility and efficiency in medical diagnosis. With a portable design and a structure 20 times more economical than traditional machines, this technology challenges the spatial and economic limitations that previously prevented widespread access to magnetic resonance imaging.
The prestige of PhysioMRI has been recognized by the European Commission, which has invited it to participate in VivaTech2024 and Deeptech50 in Paris, two prominent events on the European technology calendar that will take place from May 22nd to 25th in Paris, France, and will bring together over 100 investors to hear presentations from 50 technology startups from across Europe, showcasing the latest trends and studies in the field of health. These invitations as one of the continent’s top five technological projects underscore the impact and potential of PhysioMRI in the healthcare industry.
Alfonso Ríos, CEO of the Valencia-based startup, expressed his pride in PhysioMRI’s recognition as one of Europe’s top technological projects. “It is an honor and a privilege for us at PhysioMRI to be recognized as one of the top five technological projects in Europe. This recognition is a testament to the hard work and dedication of our team in Valencia. We are committed to revolutionizing the field of medicine with our innovative portable magnetic resonance imaging technology and are excited to share our vision at events like VivaTech2024 and Deeptech50, where we hope to connect with investors, industry leaders, and healthcare professionals from around the world.”
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by Editorial Team | Mar 11, 2024 | Investors
The basketball world champion and Euroleague player with Valencia Basket, Víctor Claver, has entered as an investor in PhysioMRI, the startup that has created the world’s first portable magnetic resonance device.
The former NBA player joins a list of stars from the world of sports such as Luis Scola or Fernando San Emeterio who have seen a good business opportunity to invest in the field of health linked to sports. “PhysioMRI is a great project that meets the needs of sports clubs for the rapid diagnosis of injuries, and will also allow them to reduce waiting lists in hospitals around the world. Finally, for me trust is important and in this project I I will meet with friends from the world of basketball like San Emeterio and Luis Scola who are also aware of their value in the world in which we operate,” explains Víctor Claver, player for Valencia Basket and the Spanish national team.
For his part, Luis Scola has applauded the entry of the Valencian athlete as an investor in PhysioMRI, in a project that “will have a very positive impact on society and people’s health since it will make magnetic resonance diagnosis available.” . “. of all the world.” Athletes know MRI technology perfectly, as they have used this technique on many occasions but have always had to go to a hospital. With the portable PhysioMRI solution, these machines are 30 times cheaper than the current ones and will be able to have a presence in the medical departments of clubs, physiotherapy clinics or small hospital centers, something that until now was totally impossible. It will revolutionize MRI technology as it is known to date.
Explains Jon Fatelevich, co-founder of the Spanish startup PhysioMRI. A fact as revolutionary as the possibility of democratizing healthcare costs by reducing MRI diagnoses has attracted attention in the sector. The tests carried out in recent weeks show that it can be diagnosed for a price 30 times lower than the current price, and the endorsement of the Higher Council for Scientific Research (CSIC) gives it that halo of a great revolution in the world of health. The first of the PhysioMRI machines are already manufactured and tested on humans, they are in the certification stage and the company estimates that the prevention stage will begin in the first half of 2023.
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by Editorial Team | Mar 10, 2024 | General News
The recent Valencia Summit has witnessed the outstanding participation of PhysioMRI, a leading company in the field of technology applied to medical diagnosis.
The event, which brought together to professionals from various sectors and prominent experts in innovation, served as platform to present and discuss the most recent advances in the field of health and welfare. PhysioMRI, based in Valencia, is proud to have shared its vision and progress in the development of advanced physiotherapy solutions at the Valencia Summit. The company has been at the forefront of the integration of emerging technologies to improve the quality of life of people through more effective and personalized physical therapies.
During his participation in the Valencia Summit, Alfonso Ríos, the manager of PhysioMRI, presented the flagship project, which has captured the attention of the medical community. Participate in Valencia Summit is recognition of the great work and dedication carried out by the entire team of PhysioMRI for all these years.” “We are committed to leading the revolution in MRI technology quality, innovation and excellence in manufacturing “state-of-the-art MRI scanners.” The PhysioMRI project is based on the premise that each patient is unique, and, therefore, Therapies must be tailored to individual needs.
The platform uses algorithms advanced tools to analyze biometric data and create personalized treatment programs that maximize the effectiveness of physical therapy. Alfonso also highlighted the financial support of the CDTI that represents a significant milestone that will enhance the continuous development of the solutions proposed by the company PhysioMRI in the field of medical diagnosis. The approval of aid within the CDTI Neotec program not only validates the vision and PhysioMRI’s commitment to revolutionizing the field of clinical diagnosis through the low-field magnetic resonance technique, but also provides the resources needed to accelerate research and deployment of new functionalities on its platform. This financial support will allow PhysioMRI consolidate its position as a leader in the field of technology applied to diagnosis clinical.
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by Editorial Team | Feb 29, 2024 | Investors
The Valencian startup PhysioMRI , which has developed low-field magnetic resonance medical technology, has closed an investment and financing round of 4 million euros . An injection in which it has obtained funds from the Horizon Europe program of the European Union, in addition to the CDTI of the Ministry of Science and Innovation and the Valencian Institute of Finance (IVF), together with previous investors, which include personalities from the world of sport and technology.
Among the investors who are part of the shareholders are recognized basketball figures, such as former NBA players Luis Scola or Víctor Claver . Prestigious businessmen such as Jorge Alonso, Javier Lopezosa, or the Fernández Serosa brothers are also part of it, all of them with experience in the world of sports, the distribution of medical devices and investment in technology, according to the company itself.
PhysioMRI already has a team in operation at the facilities of the Hospital La Fe in Valencia, under a collaboration agreement to improve neural networks and image processing. The company is a leader in the development of low-field MRI devices, priced up to 20 times lower than current devices .
Jon Fatelevich, co-founder of PhysioMRI and leader of the financing and commercialization strategy, explained that “this investment round will allow us to fulfill our ambitious roadmap. In the next 18 months, we will complete CE and FDA certifications and begin manufacturing. of the first generation of our MRI machines.
The company’s intention is to begin selling its product this year, although the first deliveries will be long-term. “The interest from clinics, doctors and even distributors is extraordinary, and in 2023 we will begin the commercialization of our devices, with an estimated delivery date for early 2025,” he explains. This technology has the potential to reduce the cost of testing for patients by 70%.
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by Editorial Team | Feb 28, 2024 | General News
The machine is already in the facilities of the Polytechnic University of Valencia (UPV), where it has been tested on humans
The emerging company PhysioMRI has developed, together with the Higher Council for Scientific Research (CSIC), an innovative magnetic resonance device that reduces the cost of current devices by up to 30 times, with the same diagnostic result. The machine is already in the facilities of the Universitat Politècnica de València (UPV), where it has been tested on humans, and the new scanner has shown ” incredible results and offers professionals a high quality image “, as reported the company. It is a device “that has a couple of steps left to be ready for large-scale commercialization ” and become a great advance in medicine worldwide, which will make Spain “a benchmark in the field of research.” of health and advances in biomedical technology,” they indicate.
The low-field machine costs between 20 and 30 times less than current devices , something that, according to sources, “constitutes a great medical advance that will democratize the use of this important diagnostic equipment and will result in better people’s health.” The objective is that MRI diagnosis can reach all parts of the world and the cost of each test does not exceed 50 euros , when the current average is about 300 euros.
The machine has been developed by a research team led by the director of I3M, José María Benlloch, and which also includes Joseba Alonso , a doctor in atomic physics with extensive experience in research projects worldwide. Within the investment support of PhysioMRI there are references from the world of sports, such as the Olympic champion with Argentina Luis Scola or the silver medalist with Spain in the Olympic Games Fernando San Emeterio who, according to sources, know the applications of the machine and its importance for the health of the athlete and of people in general.
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