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The Biomechanics Institute Grows 20% in 2023, up to 12.4 Million Euros in Sales

The Biomechanics Institute (IBV) achieved 12.4 million euros in 2023, a 20% increase from the previous year, with 334 projects and 1,100 technological solutions developed for over 700 companies globally. International collaborations rose by 32%. Key projects included 3D anthropometry, digital health, and a prostate cancer screening device, generating 13.4 euros of social impact per euro invested.

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The Biomechanics Institute (IBV) grows by double digits. The company has obtained revenues of 12.4 million euros during 2023, which represents an increase of 20% compared to the same period of the previous year. In 2023, the IBV has carried out 334 projects and has developed around 1,100 innovative technological solutions , working with more than 700 companies, both in Spain and in the rest of the world.

At the international level, there has been a 32% increase in companies that trust the Spanish center to evolve their lines of research, development and innovation (R&D&I) and acquire their technologies.

In this sense, during 2023 the Biomechanics Institute’s ‘s key projects have covered areas such as 3D anthropometry, digital health, biomedical engineering, human factors and user experience . In the field of health, in 2023, the IBV, through RI Medical, a joint venture company with the investment vehicle Redit Ventures, has developed a medical device aimed at screening for prostate cancer, the cancer with the highest rate of diagnosis. in Spain and Europe among the male gender and in second position worldwide.

The Biomechanics Institute has generated 13.4 euros of significant social impact for every euro invested

Aging, fragility and dependency have been the objective of the Impuls project (Innovations for active and healthy aging in the Valencian Community). And in relation to mobility, the Biomechanics Institute has developed software to humanize the future of the autonomous car .

In the field of child well-being, the Biomechanics Institute (IBV) has coordinated the European-funded project “Anthropometric Data for Children”, a study to measure the anthropometric and strength data of boys and girls in Europe .

In addition to these projects, another of the Biomechanics Institute notable lines covers the area of ​​occupational well-being, improving the productivity and ergonomics of work equipment (machinery, exoskeletons, protective equipment), including design and purchasing recommendations to incorporate the perspective of gender in clothing, footwear and other work items.

“We have consolidated the companies’ commitment and, in addition, we have generated a significant social impact by generating 13.4 euros for every euro invested ,” explained Javier Sánchez, managing director of the Biomechanics Institute.

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First published in PlantaDoce. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.