Pequot-Ventures

As you have prob­a­bly seen, the Cog­ni­tive Health and Brain Fit­ness field is rapid­ly evolv­ing, so let me high­light some of the main recent devel­op­ments affect­ing the field:

1) Pub­lic pol­i­cy initiatives: 
— The Gov­ern­ment of Ontario, Cana­da, announced a $10m invest­ment in Bay­crest Research Cen­ter to help devel­op and com­mer­cial­ize brain fit­ness tech­nolo­gies. This $10m invest­ment was matched with an addi­tion­al $10m by local investors.
— In the US, The Paul Well­stone and Pete Domeni­ci Men­tal Health Par­i­ty and Addic­tion Equi­ty Act of 2008 was signed into law, includ­ed in the recent­ly-approved eco­nom­ic bailout bill. The pas­sage of this law has sig­nif­i­cant impli­ca­tions for health­care providers and tech­nol­o­gy ven­dors alike.

2) Com­put­er­ized Cog­ni­tive Assess­ments Used by the US Military: 
The US Army launched a new pol­i­cy requir­ing cog­ni­tive screen­ings of all sol­diers before deploy­ment (in order to bet­ter diag­nose poten­tial prob­lems such as PTSD and TBI upon return). ANAM was the select­ed com­put­er­ized bat­tery of tests.

3) Ven­ture & Angel Fundrais­ing for Cog­ni­tive Train­ing companies: 
A num­ber of devel­op­ers have raised mon­ey. Cog­niFit received $5m (from Milk Cap­i­tal), Lumos Labs $3m (First­Mark Cap­i­tal ‑pre­vi­ous­ly called Pequot Ventures‑, Nor­west Ven­ture Part­ners), Sci­en­tif­ic Brain Train­ing $1.5m (issued shares), Viv­i­ty Labs $1m (undis­closed angel investors), This is, of course, on top of the Feb­ru­ary $10.6 invest­ment in Dakim (Galen Part­ners) that we already includ­ed in our mar­ket report.

4) Major Ini­tia­tives by Insur­ance Companies: 
— All­state launched a large-scale research project to mea­sure impact of Posit Sci­ence InSight (visu­al pro­cess­ing train­ing) on dri­ver safe­ty for adults over 50.
— OptumHealth announced a 3‑year, $18m agree­ment with Brain Resource to offer web-based cog­ni­tive assess­ments as part of clin­i­cians’ deci­sion sup­port systems.
— Humana decid­ed not to renew its agree­ment with Posit Sci­ence to offer Posit’s audi­to­ry pro­cess­ing train­ing pro­gram to Medicare members.

5) New Research:
— In a sig­nif­i­cant new study, a team from the Uni­ver­si­ty of Michi­gan pub­lished a high-qual­i­ty paper in the Pro­ceed­ings of the Nation­al Acad­e­my of Sci­ences show­ing how com­put­er­ized work­ing mem­o­ry train­ing can gen­er­al­ize and improve flu­id intel­li­gence (one of the domains that tends to decline with age).
— Learn­ing and Teach­ing Scot­land released an inter­nal study show­ing how Nin­ten­do Brain Train­ing can help children’s math and con­cen­tra­tion skills. The study gained sig­nif­i­cant media atten­tion, despite the fact it hasn’t been pub­lished in a respect­ed journal.

Note: This is an excerpt from the 6‑Month Mar­ket Update we will  release lat­er this month, cov­er­ing the many impor­tant devel­op­ments that have occurred since we launched the inau­gur­al Brain Fit­ness Mar­ket Report in March this year. This spe­cial report will be avail­able exclu­sive­ly for our Pre­mi­um Research Spon­sors.