MindAffect raises €1 million in venture capital for ALS-invention

Info Mindaffect Geen categorie

Nijmegen, May 14 2018 – MindAffect, the Dutch startup that has developed a unique ‘brain computer interface’ which enables amongst others ALS patients to communicate again, raises €1 million in venture capital from different Dutch investors.

One of the founders of the initiative is Peter Desain, professor artificial intelligence at the Radboud University Nijmegen, who has already done research into brain computer interfaces for 20 years. Desain: “Our invention allows us to detect in brain activity what people are looking at. This enables us to control a computer. This means that patients who are not able to speak and move as a consequence of ALS or a cerebral infarct can use our technology to communicate with their loved ones again.”

MindAffect has been founded in September 2017 and builds on research that has been financed partly by international ALS-foundations. These funds are extended with the current investment of €1 million in venture capital by a consortium of Dutch investors. This group consists of informal investors Bernard Muller, entrepreneur and ALS-patient himself, and the founders of smart energy company Quby, as well as formally organised capital from regional development company Oost NL and medical specialistic company Isala.

Ivo de la Rive Box, CEO of MindAffect, is proud of the investment: “We feel honoured that so many stakeholders in the market have given us the confidence to further develop our technology into a product for people that have lost their ability to communicate.”