The August issue of Ven­ture Cap­i­tal Jour­nal brings a very good piece on the emerg­ing brain fit­ness soft­ware  (also called “neu­rosoft­ware”) category:

– Mind Games (sub­scrip­tion required)

– Dakim, Lumos Labs, Posit Sci­ence and other brain fit­ness star­tups are start­ing to gain mind share and cap­i­tal from ven­ture firms.

The reporter and I spoke as Lumos Labs received its $3m round, and we dis­cussed other fund­able start-ups, fea­tur­ing Cog­niFit. Which, as men­tioned over the week­end, just raised $5m.

If case you are a new Sharp­Brains reader, per­haps vis­it­ing us after read­ing this VCJ arti­cle, let me pro­vide a quick overview of the cat­e­gory and our Mar­ket Report (which is annual, not quar­terly as the arti­cle states):

A) Report High­lights

We esti­mate the size of the US brain fit­ness soft­ware mar­ket at $225M in 2007, up from $100m in 2005 (50% CAGR), ana­lyz­ing the size and trends of four cus­tomer seg­ments: con­sumers, health­care & insur­ance providers, K12 school sys­tems, and for­tune 1000 com­pa­nies, mil­i­tary, and sports teams. Two seg­ments fueled the mar­ket growth from 2005 to 2007: con­sumers (grew from $5m to $80m, 300% CAGR) and health­care & insur­ance providers (grew from $36m to $65m, 35% CAGR).

Ten Spe­cific High­lights from The State of the Brain Fit­ness Soft­ware Mar­ket 2008 report include:

1) 2007 was a sem­i­nal year for the US Brain Fit­ness soft­ware mar­ket, which reached $225 mil­lion in rev­enues up from an esti­mated $100 mil­lion in 2005.

2) Over 20 com­pa­nies are offer­ing tools to assess and train cog­ni­tive skills to four cus­tomer seg­ments: con­sumers; health­care and insur­ance providers; K12 school sys­tems; and For­tune 1000 com­pa­nies, the mil­i­tary, and sports teams.

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Some recent brain train­ing and health news:

1) A Promis­ing Debut for Com­put­er­ized Therapies

2) Fit­ness pro­tects brain in Alzheimer’s patients

3) Brain Fit­ness Pro­gram Clas­sic comes to Mac

4) Posit Sci­ence gains own­er­ship of Sci­en­tific Learn­ing (NSDQ: SCIL) BrainConnection.

5) Brain train­ing on your mobile

6) You must remem­ber this: how the mind works

Here you have the links and my com­men­tary for these news: Read the rest of this entry »

A few col­leagues referred me over the week­end to a very nice arti­cle at busi­ness pub­li­ca­tion Port­fo­lio.

While the arti­cle does an excel­lent job at intro­duc­ing the reader to the con­cept and promise of com­put­er­ized cog­ni­tive assess­ments, it also con­tributes to the mythol­ogy of “Brain Age”.

Let’s first take a look at the arti­cle How Smart Are You: The busi­ness of assess­ing cog­ni­tion and mem­ory is mov­ing from test­ing brain-impaired patients to assess­ing healthy peo­ples’ brains online.

A cou­ple of quotes:

- “Cog­ni­tive Drug Research is one a hand­ful of busi­nesses, most of them out­side of the U.S., that work with phar­ma­ceu­ti­cal com­pa­nies to test how new drugs for every­thing from nico­tine addic­tion to Alzheimer’s dis­ease affect the mind’s abil­ity to remem­ber things, make deci­sions, and ana­lyze information.”

- “Cog­ni­tive tests have been around for a cen­tury as exam­i­na­tions taken with paper and pen­cil. In the 1970s and ‘80s the tests shifted to com­put­ers, Cog­ni­tive Drug Research founder Keith Wesnes says.

So far, so good. In fact, one of the key high­lights from the mar­ket report we released in March was that “Large-scale, fully-automated cog­ni­tive assess­ments are being used in a grow­ing num­ber of clin­i­cal tri­als. This opens the way for the devel­op­ment of inex­pen­sive consumer-facing, base­line cog­ni­tive assess­ments.” And we pro­filed a few lead­ing com­pa­nies in the space: Brain Resource Com­pany, Cog­ni­tive Drug Research, CNS Vital Signs and CogState.

Now, the arti­cle is accom­pa­nied by a 5–7 minute quick test that promises to give us our “Brain Age”. And this doesn’t come from Nin­tendo, but from Cog­ni­tive Drug Research, a respected science-based company.

You can check it out Read the rest of this entry »

Press release: Here

– “Lumos Labs, devel­oper of Lumosity.com, the lead­ing web-based provider of scientifically-tested brain train­ing games, today announced that it has raised $3 mil­lion of equity financ­ing from Pequot Ven­tures, Nor­west Ven­ture Part­ners (NVP), and exist­ing investors includ­ing Michael Dear­ing. The investor group brings exper­tise that will cat­alyze the ongo­ing devel­op­ment of Lumosity.com and sup­port Lumos Labs mis­sion to improve lives by enhanc­ing brain fitness.

– “Lumos Labs is at the cen­ter of a boom­ing inter­est in cog­ni­tive exer­cise and the emerg­ing sci­ence about the remark­able plas­tic­ity of the brain, said Amish Jani of Pequot Ven­tures. Lumosity.com has seen tremen­dous demand from users and part­ners alike by lever­ag­ing the power of the web to deliver a unique plat­form for brain fitness.

Great news for the sec­tor. The more tools avail­able for lead­ing men­tally stim­u­lat­ing lives, the bet­ter we will all be.

Lumosity.com (click Here to get a sense of their games) pro­vides a great user expe­ri­ence at a rea­son­able cost. From an investor’s per­spec­tive, we believe Lumos Labs is a very seri­ous con­tender in the brain fit­ness space, and it has indeed been exe­cut­ing a very smart online strategy.

Now, I am not sure what “scientifically-tested brain train­ing games” really means. While prepar­ing our Brain Fit­ness Soft­ware Mar­ket Report we reviewed all pub­lished research on the effi­cacy behind dif­fer­ent pro­grams, and didn’t find any for Lumos­ity (which has some very inter­est­ing inter­nal, but not pub­lished, data).

We gave Lumos­ity a score of 2 ouf of 10 in Clin­i­cal Val­i­da­tion (with Nin­tendo Brain Age get­ting a score of 1, and NovaV­i­sion, cleared by the FDA for use with stroke/ TBI patients, get­ting a 5).

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I wrote this arti­cle for the March/ April edi­tion of the pub­li­ca­tion Aging Today, pub­lished by the Amer­i­can Soci­ety on Aging, and received per­mis­sion to repro­duce it here.

—————-

In recent years, most pro­fes­sion­als in aging have become aware of the grow­ing sci­en­tific evi­dence show­ing that human brains retain the abil­ity to gen­er­ate neu­rons and change over a life­time, dis­cov­er­ies that have bro­ken the sci­en­tific par­a­digm preva­lent dur­ing the 20th cen­tury. Fur­ther­more, neu­roimag­ing and cog­ni­tive train­ing stud­ies are show­ing how well-directed exer­cise presents peo­ple major oppor­tu­ni­ties for healthy brain aging.

How can peo­ple use emerg­ing tech­nolo­gies to keep their brains healthy and pro­duc­tive as long as pos­si­ble? An emerg­ing mar­ket for brain health– $225 mil­lion mar­ket in 2007, in the United States alone, of which con­sumers account for $80 million–is try­ing to address that ques­tion in a way that com­ple­ments other impor­tant more tra­di­tional pil­lars (and multi-billion indus­tries) of brain health, such as phys­i­cal exer­cise, bal­anced diet, stress man­age­ment (stress has been shown to actu­ally kill neu­rons and reduce the rate of cre­ation of new ones) and over­all men­tal stim­u­la­tion and life­long learning.

2007 AN ACTIVE YEAR

A series of impor­tant events took place in 2007, a sem­i­nal year for the brain health field, begin­ning in Jan­u­ary when many main­stream media pub­li­ca­tions, such as Time Mag­a­zine and CBS News, started to pub­lish major sto­ries on neu­ro­plas­tic­ity and brain exer­cise. This media cov­er­age fol­lowed the pub­li­ca­tion of the long-awaited results from national clin­i­cal tri­als show­ing that sig­nif­i­cant per­cent­ages of the par­tic­i­pants age 65 and older who trained for five weeks improved their mem­ory, rea­son­ing and information-processing speed. Find­ings from the Advanced Cog­ni­tive Train­ing for Inde­pen­dent and Vital Elderly (ACTIVE) Study appeared in the Jour­nal of the Amer­i­can Med­ical Asso­ci­a­tion (Dec. 20, 2006) and revealed that even after five years, par­tic­i­pants in the ACTIVE computer-based pro­gram showed less of a decline in information-processing skills than those in a con­trol group that received no cog­ni­tive training.

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In the past two days, The New York Times has pub­lished two excel­lent arti­cles on brain and cog­ni­tive fit­ness. Despite appear­ing in sep­a­rate sec­tions (tech­nol­ogy and editorial), the two have more in com­mon than imme­di­ately meets the eye. Both raise key ques­tions that politi­cians, health pol­icy mak­ers, busi­ness leaders, educators and consumers should pay atten­tion to.

1) First, Exer­cise Your Brain, or Else You’ll … Uh …, by Katie Hafner (5/3/08). Some quotes:

- “At the same time, boomers are seiz­ing on a mount­ing body of evi­dence that sug­gests that brains con­tain more plas­tic­ity than pre­vi­ously thought, and many peo­ple are tak­ing mat­ters into their own hands, doing brain fit­ness exer­cises with the same inten­sity with which they attack a treadmill.”

Read the rest of this entry »

Quick update: 2 very inter­est­ing news, 2 excel­lent blog carnivals.

1) For­get Brain Age: Researchers Develop Soft­ware That Makes You Smarter (Wired). Thanks Senia!

- “In a lim­ited trial, he and his team were able to make 34 test sub­jects sig­nif­i­cantly bet­ter at answer­ing IQ test ques­tions after train­ing them on a com­pletely sep­a­rate mem­ory task”

Read the rest of this entry »

An inter­est­ing recent arti­cle announcesPupils to start day with Nin­tendo Brain Train­ing(UK’s Daily Tele­graph). Some quotes:

- “Chil­dren at 16 pri­mary schools are to start each day by play­ing on a Nin­tendo games con­sole, it was dis­closed yesterday.”

- “The pupils will play “brain train­ing” exer­cises before lessons after a pilot scheme at a school in Dundee found that it boosted learn­ing ability.”

Read the rest of this entry »

A cou­ple of great blog car­ni­val editions (col­lec­tions of blog posts around spe­cific topics):

- Encephalon: neu­ro­science and psychology.

- Grand Rounds: health and medicine. 

And a good Radar Roundup of brain-related news. Note: our esti­mate for the whole mar­ket in 2007 is $225m, not $110m; and the Con­sumer Seg­ment (mostly Nin­tendo Brain Age/ Acad­emy, but not all) accounts for $80m.

 

After many months of work (and we hope many new neu­rons and stronger synapses in our brains), we have just released our inau­gural report on the emerg­ing Brain Fit­ness Soft­ware Mar­ket, the first to define the brain fit­ness and train­ing soft­ware mar­ket and ana­lyze the size and trends of its four cus­tomer seg­ments. We esti­mate the size of the US brain fit­ness soft­ware mar­ket at $225M in2007, up from $100m in 2005 (50% CAGR). The two seg­ments that fueled the mar­ket growth: con­sumers (grew from $5m to $80m, 300% CAGR) and health­care & insur­ance providers (grew from $36m to $65m, 35% CAGR).

High­lights from The State of the Brain Fit­ness Soft­ware Mar­ket 2008 report include:

1) 2007 was a sem­i­nal year for the US Brain Fit­ness soft­ware mar­ket, which reached $225 mil­lion in rev­enues – up from an esti­mated $100 mil­lion in 2005.

2) Over 20 com­pa­nies are offer­ing tools to assess and train cog­ni­tive skills to four cus­tomer seg­ments: con­sumers; health­care and insur­ance providers; K12 school sys­tems; and For­tune 1000 com­pa­nies, the mil­i­tary, and sports teams.

3) The Nin­tendo Brain Age/ Brain Train­ing phe­nom­e­non has dri­ven much of the growth. The con­sumer seg­ment grew from a few mil­lion in 2005 to an esti­mated $80 mil­lion in 2007.

4) There is major con­fu­sion in the mar­ket, so edu­ca­tion will be key. Users and buy­ers need help to nav­i­gate the maze of prod­ucts and claims.

Read the rest of this entry »