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Zack Lynch is author of The Neuro Revolution: How Brain Science Is Changing Our World (St. Martin's Press, July 2009).
He is the founder and executive director of the Neurotechnology Industry Organization (NIO) and co-founder of NeuroInsights. He serves on the advisory boards of the McGovern Institute for Brain Research at MIT, the Center for Neuroeconomic Studies, Science Progress, and SocialText, a social software company. Please send newsworthy items or feedback - to Zack Lynch.
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March 16, 2005

VCs Have Brains on Their Minds - Neurotech VC Up 225%

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Posted by Zack Lynch

Neurotechnology Industry Experiencing Explosive Growth in Venture Funding Says Upcoming Report from NeuroInsights

SAN FRANCISCO--(BUSINESS WIRE)--March 16, 2005--A soon-to-be-released report from NeuroInsights, the neurotechnology market authority, will show that venture capital investment in neurotech companies (firms developing treatments for neurological and psychiatric illnesses) climbed a phenomenal 225 percent from 1999 to 2004 -- representing $5.987 billion invested by VCs during that period.

According to data compiled by NeuroInsights, more than one-in-four venture capital dollars invested in the Life Sciences now goes to companies creating innovations in neuropharmaceuticals, neurodevices and neurodiagnostics.

"Five of the top ten leading causes of disability worldwide are caused by problems with the brain and nervous system," explained Zack Lynch, managing director of NeuroInsights. "The good news is that new treatments for those suffering from illnesses such as Alzheimer's disease, depression and chronic pain are emerging quickly. Building on the success of the Human Genome Project and decades of brain research, neurotech now holds the greatest potential for major discoveries, commercial success and real investment opportunities. It's no wonder over 60 venture capital firms made significant investments in private neurotech companies last year."

"Neurotech companies are addressing the largest and fastest growing unmet medical market so there's room for many new companies with good science to compete," said Mark Cochran, managing partner at NeuroVentures Capital. "As a focused neurotech fund, we've talked with over 500 startups in the space and the potential for high return investment has never been more compelling."

Comments (4) + TrackBacks (0) | Category: Neurotech Industry


COMMENTS

1. FrancesM on March 18, 2005 7:35 AM writes...

As a tonsillectomy research advocate, I encourage all venture capitalist to invest in linking lymph to the nervous system. Whoever discovers how lymph adds power to the nervous system, will be in line to earn not only a handsome return on all VC investments but also a Nobel!

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2. FrancesM on March 18, 2005 9:53 AM writes...

FYI: The correct URL to my tonsillectomy research advocacy nonprofit is http://missinglymph.org

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3. Faiez Kirsten on March 21, 2005 12:41 PM writes...

I think that neurotechnology should also include mental techniques which enable the strengthening of social \ emotional skills which are vital for greater productivity and a better society.What do you think?
The MindFeel Career Enhancer is a self-directed learning program consisting of a 360 assessment of social and emotional skills (would this be a neurodiagnostic tool?) and a manual - Enhancing the Emotional Mind - which enables the strengthening of these skills. It can be found at
www.mindfeel.co.za

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4. tomeij on March 28, 2005 4:05 PM writes...

NeuroVenture Capital needed
mail to: tomeij@neurocare.nl

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