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Life Sciences & Health

Promoting micro-surgical robotics from Dutch soil

Approach

Direct investment

Partner

BOM Brabant Ventures, venture capital investor Innovation Industries, TCIM

Date

July 1, 2022

Reading time

5 minutes

Through the investment in Microsure, Invest-NL contributes to the development of micro-surgical robotics of Dutch origin. Sjaak Deckers (CEO of Microsure), Karin Steffens (senior investment manager Life Sciences and Health at Invest-NL), and Kristie Dekkers (​​investment associate at Invest-NL) discuss a product with global impact in micro-surgery.

Microsure is a leading Dutch developer of micro-surgical robotics. The MUSA is the world's first CE-certified surgical robot assistant available for clinical use in micro-surgery. The MUSA seamlessly reduces movements and filters out vibrations to maintain a steady hand at any moment during any micro-surgical procedure. This can significantly improve clinical outcomes for various complex micro-surgical procedures.

With passion, Sjaak talks about the product: “It is very difficult to suture vessels smaller than 1 mm in diameter: for a good connection, 5-8 stitches need to be made to attach it to another vessel. This is a technique required in many surgical interventions, for example in reconstructive surgery after trauma or tumour removal, but also for repairing the palate in cleft lip and palate cases or in neurosurgery.”

There is a great need for such a robot, as not many surgeons can achieve the required precision.


Sjaak Deckers

CEO of Microsure

There is a great need for such a robot, as not many surgeons can achieve the required precision. Microsure works closely with doctors from various centres both domestically and internationally. What makes the MUSA unique in the world of medical robots is that the MUSA can achieve extremely high precision, and that the robot, as the only one worldwide, enables surgeons to continue using their existing micro-instruments, so they don't have to incur high costs for expensive instruments intended for single use.

Sjaak: “Moreover, operating our robot can be learned by doctors in just a few days. Our future clients are convinced that this will enable many more precision interventions to be performed better.”

Karin and Kristie talk about the Life Sciences and Health theme within Invest-NL and how Microsure fits perfectly into this. Karin: “We want to make an impact by focusing on innovations that positively contribute to reducing healthcare costs for significant chronic conditions while providing better care and quality of life. Kristie: “In developing the MUSA, Microsure truly listened to the surgeons, its clients, ensuring that it’s an innovation aligned with market needs. That’s why we believe in the potential of the MUSA.”

Invest-NL participates with €1.35 million in the share issue via the Temporary Bridge Credit Program for Innovative Start-ups and Scale-ups (TOPSS). Through this program, Invest-NL ensures the availability of risk capital for innovative start-ups and scale-ups with good prospects that are affected by the Covid-19 crisis.

Within TOPSS, proposals are assessed based on criteria different from those for regular proposals. Kristie: “Due to the pandemic, the capacity in the hospital to conduct clinical studies was reduced, and Microsure resorted to this facility. Of course, it would be a shame if the development of promising innovations were halted by the pandemic. This is a good example of why we established the TOPSS program. Innovation must always continue.”

Invest-NL’s investment in Microsure is part of a funding round of €2.7 million, as an extension of the Series B round from 2020. This round was led by Invest-NL. The remaining 50% of the funding came from the existing shareholders BOM Brabant Ventures and venture capital investor Innovation Industries, as well as private investor TCIM. The funds will be used to continue the initial clinical deployment of the MUSA.

Our task is to challenge that ambition level. That creates a fun and positive dynamic.


Sjaak Deckers

CEO of Microsure

The collaboration between Invest-NL and Microsure is really gaining momentum now that they are in the management phase. Karin: “We support Microsure wherever possible. Given our mandate, one of our core tasks is to maximize the impact on healthcare.” Kristie adds: “The Microsure team is ambitious in its plans. Our role is to challenge that level of ambition. That creates a fun and positive dynamic.”

The future of the relationship between Invest-NL and Microsure presents some challenges. Sjaak: “We very much hope that Invest-NL will work even more closely with us. We are in the midst of a major upcoming financing round at a challenging time, namely just before the product development of the first commercial version of our product, MUSA-3, is completed, and before we have begun its clinical validation. With this Series C investment round, we can complete the product development, initiate clinical studies for CE marking and FDA approval in the USA, and start pre-commercialization.”

I find it a privilege to work in medical product innovation


Sjaak Deckers

CEO of Microsure

There is a huge transition taking place in healthcare. Sjaak: “We are living in a very exciting time. I believe that healthcare will look significantly different in 10 years due to major changes in education and prevention, advanced diagnostics, and new treatments, including robot-assisted surgery. In the Netherlands, we are leading the way in all three of these areas. I am convinced that molecular diagnostics will be able to detect many risky conditions at a much earlier stage in the next 10 years, allowing treatments to start much sooner. I feel privileged to work in medical product innovation. Health is a fundamental human need, and medical technology can help develop better, more efficient, and cheaper methods and products to make and keep people healthy.”

Questions about this investment? Karin is happy to help!

Karin Steffens

sr. investment manager