be-nz logo
Story image

Thought-Wired is crowdfunding the way to innovative thought-sensing tech

29 Aug 2016

Some of the most innovative ideas come from crowdfunded platforms, and Thought-Wired's mission to commercialise their thought-sensing software is going strong.

Thought-Wired launched an equity crowdfunding campaign on August 17, which has currently raised $154,549 of its ideal goal of between $200,000 and $350,000.

“We really believe that the world should be universally accessible to everyone regardless of their differences in abilities. We believe we can do that through our technology,” says Dmitry Selitskiy, Thought-Wired CEO.

The thought-sensing software, called 'nous' is described as a communication platform for people who can't move or talk due to disabilities. The technology uses a lightweight headband to detect and translate thought patterns, which are then turned into actions.

Thought-Wired is the brainchild of three university students and formed in 2011. They have made five separate prototypes and ran more than 500 tests to get to the commercialisation stage.

“We need the funding to finish building version 1 of nous to get it out to our first customers. It’s an important next step because it allows us to validate the product in the world with paying customers and takes on board everything we’ve learnt so far,” Selitskiy explains.

Pledgers who invest more than $500 can choose to purchase non-voting shares at $1 each, software discounts and website recognition.

Anna Guenther, PledgeMe CEO, believes the project is a sign of the times for social enterprises and equity crowdfunding, citing the difference this technology can make to real people.

“That’s the great thing about companies that focus on social good, they are so easy to share and support because it’s about more than the money. We can’t wait to see who comes in to support the Thought-Wired crew during their campaign and afterwards when they’re commercialising their product,” Guenther explains.

“The first day has been amazing. It’s encouraging to see the mix of people coming on board. It’s a combination of people from our existing crowd and people who we’ve never met before and already joining in a big way. Up until this point, we’ve done everything through our circle of close supporters. It’s amazing to see new people joining in," Selitskiy concludes.

Story image
Vodafone NZ launches new COVID-19 plans
“Vodafone has taken a proactive approach to this pandemic right from the beginning, and is committed to doing its utmost to support society during this rapidly evolving situation.”More
Story image
COVID-19: Adobe unveils index to track changes in consumer behaviour
In an effort to track and analyse the ways in which the pandemic is changing retail behaviour, Adobe has revealed its Digital Economy Index, which analyses trillions of online transactions across 100 million product SKUs in 18 product categories. More
Story image
Axios Systems bolsters University of Canterbury's IT service management
“The Axios Systems team had clearly addressed the requirements set out in our RFP Documentation. Not only did they answer the question of assyst’s capability, but also commented on how we could expand the use of the same functionality in the future phases of our implementation."More
Story image
Why you might want to buy tech right now
Manufacturing disruption, closed borders, remote working and learning, economic downturn - it might pay to get that purchase in now.More
Story image
Chorus: First day of significant increase in broadband traffic
Traffic has begun to increase in day time broadband traffic as the network starts to see the impact of the COVID-19 outbreak. More
Story image
Snowflake and Adobe team up to empower marketing teams
The Federated Data Access (FDA) connector integration is part of the Adobe Experience Cloud and enables joint customers to analyse data from Adobe Campaign on Snowflake’s integrated cloud data platform.More