Photo - MindCheck Pty Ltd
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MindCheck Pty Ltd

Massive online help with depression and anxiety

Australia
Market: Services
Stage of the project: Prototype or product is ready

Date of last change: 07.04.2020
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equalizer from 2000
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Idea

MindCheck helps thousands of people every month understand their levels of depression and anxiety, the underlying causes of it and what to do about it.
https://mindcheck.me

Current Status

Online for a year but as a free service.
Nearly 100,000 people used it, about 10,000 per month.
We just developed the B2B paid services.
In the process of launching them.

Market

The current market size is of about USD $1 Trillion and expected to grow to $15 trillion by 2030.
Our paid product will target businesses that have between 20 and 1000 employees and where mental health is a concern (tech industry, mining, medical, security and emergency services, etc.)

Problem or Opportunity

1/5 people in the world have mental health problems every year.
A person dies by suicide every 40 seconds.
Depression is the leading cause of disability worldwide.
It is expected the Coronavirus pandemic will only worsen it.

Solution (product or service)

MindCheck's unique IP identifies 12 scienced-backed underlying causes or contributing factors of depression and anxiety and directs the user to activities that will address these causes.

Competitors

Unmind, Virgin Pulse (although these are aimed at larger corporates)

Advantages or differentiators

Unique IP that identifies underlying contributing factors for depression and anxiety.
Great tracking on free B2C product.

Business model

B2B, pay per use and subscription

Money will be spent on

Advertising, sales, development, salaries.

Team or Management

Won the competition and other awards

QLD Government SparkPlug top 5 social impact organisations
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video