(NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisationof University Research

Neuroscience has revealed the importance of brainwaves for healthy and pathological brain function. Manipulating brainwaves can affect mood, memory, attention and sleep, with therapeutic benefits in conditions ranging from ADHD to anxiety to Alzheimer's, but current neuromodulation techniques are limited.

Through research led by Newcastle University, we have demonstrated how 'closed-loop' neurostimulation (whereby brain signals control brain stimulation in a real-time feedback loop) can boost or suppress brainwave oscillations at different frequencies). Neudio combines closed-loop algorithms with non-invasive technologies (surface EEG recordings and musical stimulation) to regulate brainwaves. Effectively, our technology establishes a resonance between brain activity and music that enhances or suppresses brainwaves at specific frequencies.

The initial brief of the executive will be to:

Phase 1 - Write an ambitious business plan in line with ambitions and market opportunities

Phase 2 - Obtain IP Spin Out Committee Approval

Phase 3 - Complete spin-out legal process and act as company representative in legal formation of the company Phase 4 - Prepare investment pitch deck and due diligence documents

Phase 5 - Initial negotiations to secure angel, seed or capital funding

Stage (5) will produce the funds by which the new start-up company can consider employing the executive going forward