Our portfolio company Azalea Vision has been awarded €2.5 million by the European Innovation Council (EIC) to further develop its smart contact lens technology. The grant supports their mission to improve the lives of people with severe vision problems.
Azalea’s ALMA smart lens includes an embedded diaphragm, the aperture of which can be modulated to filter the amount of light that enters the eye. The innovative design is a groundbreaking solution integrating liquid-crystal technology, a microchip, an RF antenna, a medical-grade micro-battery, and a configurable light control. This smart lens is easy to use and program, by patients and physicians, allowing for personalized therapy. It is designed to enhance visual acuity without necessitating intraocular surgery.
This prestigious award is a strong vote of confidence in the company's potential to revolutionize eye care and positions Azalea Vision among the top innovators in smart contact lens technology.
Enrique Vega, co-founder and CEO of Azalea Vision: “Our selection by the EIC is a testament to our team’s dedication and the potential impact of our smart contact lens technology. This funding will significantly boost our journey towards providing smart lenses as a medical device for multiple large patient groups.”
You can read the full announcement on the Azalea Vision website.