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Neroes

Portugal
Market: Artificial Intelligence, Biotech
Stage of the project: Operating business

Date of last change: 15.01.2024
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Idea

Neroes offers an AI-driven mental training platform combined with advanced neurotechnology for personalized mental health improvement, by reducing anxiety, leading to better wellbeing and performance.

Current Status

Neroes advanced to the proof-of-concept phase (TRL 7-8), currently undergoing testing in operational environments. Although, we initially targeted elite sports, we decided to make a strategic pivot to pilot our solution in the corporate sector. Hence, we engaged companies, already including Fortune-500 members, like Zurich Insurances and Bayer, to collect valuable insights and feedback. This POC’s generated a total of €30,000 in revenue. Recently, we secured substantial sales agreements with nine technological centers, totaling more than €500,000 over the next three years.

Problem or Opportunity

Mental health issues significantly impact individuals performance and well-being, affecting 26% of the USA population and reducing productivity by 35%. The WHO estimates 12 billion working days are lost annually to depression and anxiety, costing $1 trillion annually. In fast-paced corporate settings, traditional therapy does not help. There is a need for an efficient method tailored for the workplace. Our mission is to explore the human potential, by providing personalized mental training that addresses mental health conditions, such as anxiety and burn-out, while enhancing performance.

Solution (product or service)

Neroes provides an AI-driven mental training platform combined with advanced neurotechnology for personalized mental health and performance enhancement. Our adaptive gamified platform analyzes each users mental profile, establishing a cognitive symbiotic interface that is 36% more efficient and 74% more cost-effective than current alternatives. Demonstrating tangible results, our solution yields a 14% reduction in anxiety levels after just 3 hours of training. Moreover, users experience enhanced decision-making and self-confidence, contributing to a boost in overall workforce productivity

Business model

Neroes offers a B2B SaaS (Solution as service) to companies, the Mental Training Platform (MTP). Tailored for office use, it empowers companies to proactively address employee mental health, preventing anxiety and burnout while enhancing interpersonal relations and productivity. Our revenue generation comes from monthly subscriptions (with an initial implementation fee) to have our device and platform in the companies’ workspace. We offer various premium plans, such as a team of psychologists to give support, or a quarterly mental and performance evaluation of the entire company.

Team or Management

Incubation/Acceleration programs accomplishment

NewChip
BGI Accelerator
Lanzadera
Teclabs Incubator
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