INV-23033
Background:
The field of precision psychiatry is emerging as a significant area in the healthcare industry due to growing acknowledgment of the role of individual variability in disease etiology, treatment response, and health outcomes. Standard practice for mental health treatment often involves therapy or medication. However, the 'one size fits all' approach these methods embody is often inadequate because mental health disorders are highly personal and individual. Therefore, there's a pressing need for precision behavioral therapies that can provide personalized, adaptive treatments based on each individual's unique characteristics and needs. Existing approaches to mental health treatment are largely focused on in-person therapy sessions or pharmacological interventions. These methods, while effective for some, are wrought with inefficiencies and obstacles. Traditional therapy sessions are time-bound, expensive, and reliant on the patient's ability to physically attend sessions, which can pose significant challenges for those living in remote areas or with mobility issues. Pharmacological interventions also come with a host of side effects and do not always work the same way for every person. These problems underpin the need for a more flexible, personalized, and accessible form of therapy that leverages advanced technology to enhance and expedite the treatment process.
Technology Overview:
The Mind Balance Training Platform is a new development in precision psychiatry. It fosters development of precise behavioral therapies by bridging the gap between individuals and medical practitioners. Users are first initiated in a technology-intensive clinical environment allowing for direct and efficient initiation of these therapies. The platform then facilitates the adaptation of these therapeutic measures to a more natural, at-home setting, reducing the necessity for intensive technological assistance. Ultimately, the platform prepares individuals to incorporate these therapies into their everyday lives without the need for explicit technological support. What sets the platform apart is its sequential nature of therapy implementation. Starting from a clinical setting and moving to real life application without technological interference gives this platform a unique edge. Its novelty lies in how it leans on precision psychiatry to enable people to overcome dysfunctional neural interactions and leads to a balanced mental disposition.
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Opportunity
Seeking licensee/industry partner/funding