ZURICH, Switzerland, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Nanoflex Robotics AG, a remote
robotic surgical company based in Switzerland, announced it has received a second grant
from Innosuisse, Switzerland's Innovation Agency this year.
The receipt of the second grant brings Nanoflex Robotics' total non-dilutive grant funding received from Innosuisse this year to CHF 2.9 million. It reaffirms the company's commitment to bringing life-saving procedures to more people through innovative remote robotic solutions. The second grant, disbursed under the “UK – Switzerland Bilateral: Collaborative R&D” program, is administered by Innosuisse and Innovate UK, United Kingdom's innovation agency. It was awarded to Nanoflex Robotics and Brainomix, a UK-based AI-powered medtech solutions company. As part of the grant, both companies will work together to jointly develop an integrated remote diagnosis and treatment platform for stroke, powered by artificial intelligence. Innosuisse awarded CHF 400,000 to Nanoflex Robotics, while Brainomix received £400,000 from Innovate UK
“We are truly honored to receive our second funding grant from Innosuisse this year. The Innosuisse grants are a testament to our team’s unwavering dedication in developing cutting-edge remote surgical solutions and devices that bring life-saving procedures to more people across the globe. Our project with Brainomix aims to improve stroke discovery and treatment options, by leveraging the power of artificial intelligence to enhance our magnetic robotic navigation system,” said Matt Curran, Chief Executive Officer, Nanoflex Robotics. Starting in 2024, Nanoflex Robotics and Brainomix will collaborate to create an artificial intelligence-assisted magnetic navigation system for robotic surgical tools. The project will leverage Brainomix's artificial intelligence-enabled diagnostic imaging capabilities and Nanoflex Robotics’ precise magnetic navigation technology to create an assisted-navigation feature for interventional devices, such as catheters, as it moves through the vascular network. In April, Nanoflex Robotics received the inaugural Swiss Accelerator Grant of CHF 2.5 million in non-dilutive funding