The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, has agreed the key terms of investments in Neurochat and Neurotrend companies developing innovative products and solutions in the fields of neurotechnology and artificial intelligence (AI), the RDIF’s official web page reports.
RDIF will invest up to RUB300 mln as part of the Investment Lift program, aimed at stimulating the growth of middle-sized non-resource companies with export potential. These funds will be spent on the development of new products, as well as expansion of Russian business and entry into international markets.
NeuroChat has patented a brain-to-computer multimodal interface system that enables the user to type on a computer screen without moving or speaking. By concentrating on the desired letter or symbol on a virtual keyboard, users of this system, are able to select the desired object with just their mind.
Over 200 patients are already using the NeuroChat product in rehabilitation centers and in their homes, with further potential use for the 25 mn people worldwide with speech and movement disorders.
Neutrotrend uses neuromarketing technologies and artificial intelligence capabilities to study consumer preferences and adjust product parameters based on the data obtained. The company’s clients include such major players as Yandex, MTS, Cherkizovo.K