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Because the begin of the COVID-19 pandemic, there was an elevated deal with psychological well being, particularly amongst younger individuals. 1 in 6 kids ages 6-17 expertise a psychological well being dysfunction annually, and now a brand new funding firm needs to make use of know-how to make treating them simpler. Vinaj Ventures’ Telosity is a fund created in 2019 particularly to spend money on firms that present technology-based options to enhance psychological well-being amongst younger individuals, a demographic used to doing virtually all the pieces on their telephones or computer systems. Founder and CEO Anish Srivastava says he was impressed to begin the fund when he noticed the few psychological well being sources obtainable, particularly for youngsters and adolescents. “Accessibility could be very troublesome,” in response to Srivastava, “and what know-how does is assist democratize entry to care.”
And if Telosity is profitable, within the close to future, kids and teenagers may meet their psychological well being counselors in our on-line world, which the corporate needs to make use of as a place to begin to fulfill younger individuals within the area the place they really feel most snug. “We are able to use that as a spot for sources,” says Srivastava, “whether or not it’s sorts of academic capabilities, self-study psychological well being, having the ability to present teletherapy options, and so forth.”
And it’s not simply scheduling and telemedicine apps; New advances in digital actuality may make it a lot simpler for docs to look at, and likewise deal with, sufferers in an internet surroundings. Telosity has seen rising curiosity within the augmented and digital actuality (AR/VR) market, with a lot of it centered on psychological well being screening instruments for suppliers. All of this might make it even simpler for youngsters and adolescents to entry psychological well being sources, since in lots of circumstances they don’t even have to go away their properties.
It is usually excellent news for firms. Telosity launched a report final month displaying that youth psychological well being options will probably be a $26 billion market by 2027, and the corporate calls that an unprecedented alternative for firms to enhance their backside line, whereas additionally offering assist. to thousands and thousands of probably the most susceptible Individuals. Srivasta says it might be a serious promoting level for traders within the psychological well being area. “There is a chance to do good by investing and constructing sustainable companies, and I believe that’s the engine of know-how.”
You’ll find the total Telosity report at