newYou can now listen to Fox News articles!

Since the start of the COVID-19 pandemic, there has been a focus on mental health, especially among young people. 1 in 6 children ages 6 to 17 experience a mental health disorder each year, and now a new investment company wants to use technology to make it easier for them to treat. Telocity by Vinaj Ventures is a fund set up in 2019 specifically to invest in companies that provide tech-based solutions to improve mental well-being among young people, a demographic with a lot to do on their phone or computer. is used for. Founder and CEO, Anish Srivastava, says he was inspired to start the fund when he saw how many mental health resources were available, especially for children and adolescents. According to Srivastava, “access is very difficult,” and what the technology does is help democratize access to care.

- Advertisement -

And if Telocity is successful, in the near future, kids and teens can meet their mental health counselors in cyberspace, which the company wants to use as a jumping off point to meet young people in the places where they’re most likely to. are more comfortable. “We can use this as a place for resources,” says Srivastava, “whether its educational type capabilities, self-learning mental health, being able to provide tele-therapy solutions, etcetera.

And it’s not just scheduling apps and telemedicine; New advances in virtual reality could make it much easier for doctors to examine and treat patients in an online setting. Telosity is seeing increasing market interest in augmented and virtual reality (AR/VR), and much of it focuses on mental health assessment tools for providers. All of this can make access to mental health resources even easier for children and adolescents, as they do not even have to leave their home in many cases.


There is good news for businessmen too. Telocity released a report last month showing that youth mental health solutions will be a $26 billion market by 2027, and the company says there’s an unprecedented opportunity for businesses to grow their bottom line, while millions of the most Also provides aid to vulnerable Americans. This could be a major selling point for investors in the mental health space, says Srivastava. “There’s an opportunity to do well while investing in and building sustainable businesses, and I think that’s the driver for the technology.”

You can view the full Telocity report here

- Advertisement -