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French medtech company Sparta Medical, providers of multifunctional antimicrobial, antiviral and anti-inflammatory coatings, - including against SARS-CoV-2 - has received €2.4M ($2.75M) in grants and an additional undisclosed equity financing from the European Innovation Council (EIC) Fund.
It is one of is 99 innovative European companies that the EIC Accelerator program selected at the end of 2021 to receive a grant. This is one of the most competitive European programs, with a 6 percent selection rate in 2021.
The company uses a non-antibiotic-based solution derived from natural biopolymers that make the coating biocompatible and applicable to all surface types, so can be used on medical devices without affecting their primary function; it can also act as a physical antibacterial/antiviral barrier, which makes it easier to enable application on implants for at-risk patients. The company also offers a customised coating development service.
“Spartha Medical is thrilled to have the support of the EIC fund, which we will use to launch clinical trials, strengthen our infrastructure and hire new talent,” company CEO Dr Nihal Engin Vrana, said. “We are set to achieve the necessary regulatory compliance steps, including ISO certification, as well as start researching the next-generation of coatings. These will propel us to the forefront in preventing post-operative infections and in fighting against resistant bacteria. By consolidating our current co-development programs and partnerships and the development of new business opportunities, our aim is to become the market leader in customised coating development services using a platform supported by Artificial Intelligence.”
The company is currently preparing a clinical trial to evaluate its medical coating kit, which has antimicrobial properties with dedicated instrumentation, to be used in surgeries and other patient care settings and is also working on a customer product for daily use in personal and surface hygiene.
“The inspiration behind Spartha Medical resides in Greek mythology, where a mere 300 Spartans held off an army of 70,000. Similarly, we aim to help protect and arm the public with humane and environmentally-friendly formulations to fight all forms of infection,” he added.
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