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- Weekly Roundup - £20M XR Mental Health Boom & AI’s New Clinical Co-Pilot
Weekly Roundup - £20M XR Mental Health Boom & AI’s New Clinical Co-Pilot
Plus: Wearables Redefining Real-Time Care!
Jean-Michel Van
July 05, 2024
Hey there, wellness warriors and tech trailblazers!
Welcome to this week's Mindtech Bytes, your go-to source for the latest in mental health tech and AI innovation. Let's dive into what's making waves in the world of digital wellness!
Table of Contents
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This Week's Highlights
XR Technologies Revolutionizing Mental Health Care
Extended Reality (XR) technologies are making significant strides in mental health treatment. Innovate UK's £20 million Mindset programme is driving the growth of immersive digital mental health solutions in the UK. The program has funded 24 projects developing therapeutic interventions XR technologies, including virtual reality solutions for depression, hearing voices, and autism spectrum disorder
AI-Powered Clinical Decision Support for Mental Health
Medea Mind is transforming mental health care with its innovative Clinical Decision Support System (CDSS). Thesystem standardizes andautomates the collection of biopsychosocial clinical data, enabling professionals to make data-driven decisions without theburden of managing the data. Thisdigital co-pilot for professionals andpatients streamlines theentire intervention process, savingtime and improving patient adherence.
Wearables and Virtual Reality in Mental Health Monitoring
Wearable devices are increasingly being used to monitor mental health conditions. These devices provide continuous data flow to healthcare providers, allowing for real-time monitoring and treatment adjustments. Additionally, Virtual Reality (VR) therapies offer controlled, immersive environments for patients to develop coping mechanisms for various mental health conditios.
Who's Disrupting Healthcare This Week?
XRHealth: Revolutionizing healthcare with its immersive virtual reality platform for mental health, physical therapy, and pain management
Myndgard: A Trinity College Dublin spinout using AI and app technology to identify early signs of depression and anxiety in young people
EXR Solutions: Developed an immersive training product for health and care clinicians, currently being trialed in universities, schools, and NHS settings
Rescape: Partnered with Universal Music Group to develop a new approach to treat anxiety by integrating music, scenic virtual environments, and active listening exercises
Awen Emotions Ltd: Received funding from Innovate UK for their project using VR for personalized anxiety management, leveraging biometric data and algorithmic design.
Quick Hit: Upcoming Mindset-XR Funding Event
Mark your calendars!
On Friday, July 19, 2024, there's an exciting event to learn more about Innovate UK's Mindset-XR funding and the Mindset-XR Innovation Support Programme. It's a great opportunity for those interested in immersive technology in mental health
Mental Health Trivia Challenge
Test your knowledge and learn something new about mental health!
Question of the week: According to recent data, what percentage of UK GDP is estimated to be the cost of mental health issues to the economy?
A) 2%
B) 3%
C) 4%
D) 5%
(Scroll to the bottom for the answer, but no peeking!)
That's all for this week, folks! Remember, in the world of mental health tech, we're not just building apps – we're leading the chance for a healthier, happier humanity.
Stay curious, stay innovative, and most importantly, stay well!
Until next time, keep pushing those digital boundaries!
Resources
🔎 Browse companies in our Wellness / Mental Health company Database!
💰 Raising money? Check out our database of Wellness Funds, Investors and Business Angels in the space.
(Answer: D) 5% - The cost to the UK economy is estimated to be at least £117.9 billion per year, which is about 5% of UK gross domestic product