Demcon invests in SmartQare’s intelligent wearable and healthcare platform
Value-added platform and data
The real added value of this innovation lies in the platform provided by SmartQare. The healthcare providers, ranging from the family doctor, informal caregiver and home care provider to the nursing institution and the hospital, are involved in the monitoring via this platform. This enables the right instance to take action in the event of an alert. First of all the healthcare system benefits because this device reduces the use of expensive facilities in healthcare institutions, because people continue to live at home longer. Second, fast response and effective interventions due to the continuous monitoring limit healthcare costs. The platform collects medical data via the wearable, naturally with effective data security measures in place and with due consideration to the privacy regulations. This is the first medical device to make use of the Internet of Things for this purpose. This makes outdoor monitoring possible and does not limit the wearer’s – healthy – freedom of movement. Healthcare professionals can use the data for analyzing the medical problems and healthcare needs of seniors. Over time this can help further improve the quality of life, design a more efficient healthcare delivery system and optimize cooperation among parties involved in the platform.
SmartQare will be introducing its innovation in cooperation with healthcare professionals and institutions, and when proven successful, will also supply consumers directly. Technology developer and producer Demcon has been engaged to develop this innovation into a professional product. ‘If seniors can live independently at home for longer, this is very important for themselves and for society,’ says Jemy Pauwels, Director Investment at Demcon. ‘We have a great deal of experience developing medical technology that can contribute to solutions for social problems, such as the overburdened healthcare system. Demcon has all the expertise in-house needed for designing systems that meet the requirements of healthcare professionals and patients alike. In addition, we are able to reliably produce wearable devices in accordance with the guidelines for medical products.’
In addition to technology development and production, Demcon also makes a contribution by making an investment. It is participating in the new investments round SmartQare requires to bring the innovation up to a professional, market-ready product. Walter van Kuijen, CEO of SmartQare, emphasizes the importance of this investment: ‘Our system has the potential of being the catalyst for a shift in the medical world towards greater autonomy and care at home. Our goal is to enable our clients to experience freedom by giving them the certainty that they will receive suitable care at the right time and at the right place. The biggest challenge in innovations like this is to involve the healthcare world. The fact that partners such as Demcon are giving this their full support opens doors to healthcare professionals, healthcare insurers and other medical parties.’ And to other investors, Pauwels adds: ‘The fact that Demcon is now on board as technology and production partner gives them the confidence that SmartQare’s innovation can grow into a socially valuable product.’