Glattbrugg-based Nanoflex Robotics has been selected for EUR 12.5 million in blended financing under the European Innovation Council Accelerator. The award comprises a EUR 2.5 million grant and EUR 10 million in equity investment from the EIC Fund; the announcement describes a funding award, not confirmation that all funds have been disbursed.
The ETH Zurich spin-off develops a magnetically controlled telerobotic platform that steers flexible guidewires and catheters through blood vessels, with the aim of extending access to endovascular procedures such as stroke treatment. Nanoflex says the financing will support clinical validation toward European CE marking and development of the first commercial version of its platform.