ET WLF: Panov lays out Neurotechnology's goal
Neurotechnology CEO Alex Panov outlined the ambitious goals of his group, Neiry, as they aim to transform human potential through neurotechnology. Panov emphasized the importance of developing human beings as creators rather than mere consumers, enhancing human-to-human interaction, and fostering a society of free and capable thought leaders.
To achieve these objectives, Panov spoke of establishing ADI Neuroscience, a ₹10,000 crore neurotechnology-focused fund set to accelerate research in India over the next five years. The fund intends to invest in local startups, scientific teams, and laboratories, with the goal of making India the leading hub for neurotechnology.
Panov outlined three primary objectives for the fund: enhancing mental health through neuroenhancement of memory, knowledge, and creative thinking; advancing brain-to-brain synchronisation technologies, which include the transfer of sensations, emotions, thoughts, and skills between individuals; and creating a noosphere, a global network for exchanging thoughts and ideas that will involve leaders from various fields such as science, government, business, philosophy, and religion.
ADI Neuroscience will focus on addressing mental health challenges through neurotechnological solutions, with a particular emphasis on accessible options for neuroenhancement, assistive communication, and rehabilitation after neurological injuries. The Indian brain-computer interface (BCI) market is on the rise, boasting structural characteristics that differentiate it from markets in the US and China.
India currently leads with the third-highest number of BCI startups, with a dozen companies following the US and China, according to market intelligence platform Tracxn. The Viksit Bharat 2047 programme, a government initiative, aligns closely with the development of neurotechnologies in India, with SPEC Finance, led by Panov, committed to advancing neurotechnology R&D in the country, creating competitive products, and fostering industry growth domestically.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
