The third annual Neurotech Industry meeting in Boston kicked off yesterday morning (May 8) with some big numbers: * Two billion people each year are affected by brain-related illnesses, from stroke to depression to chronic pain, with an economic loss worldwide of about $2 trillion. * Venture capital companies invested about $1.77 billion in neuroscience-related research last year. * Worldwide, neuro-related industry profits hit $130.5 billion in 2007-- a growth of 8% from the previous year. The numbers come from the linkurl:Neurotech Industry Organization,; a group formed about two years ago by a San Francisco entrepreneur named Zach Lynch, whose mission is to bring together academic researchers, companies, investors and patient advocacy groups "to give the brain a voice." The voice is also going to the legislature -- earlier this week, the NIO announced the introduction of a linkurl:a bill; in both houses of Congress to fund a national neurotechnology...

Interested in reading more?

Become a Member of

Receive full access to more than 35 years of archives, as well as TS Digest, digital editions of The Scientist, feature stories, and much more!
Already a member?