The percentage of young adults experiencing certain types of mental health disorders around the world has increased significantly over the last decade. We can blame our increasingly digital way of life, the impact of social media, or various other social and even environmental factors. But regardless of what the root cause is, the impact is always the same: people living less satisfying lives. The good news is that there are many health-tech companies that are actively trying to treat mental disorders using state-of-the-art technology. Among them is UAE-based healthcare and beauty distribution company Gaelan Medical.
During Arab Health 2021, a global healthcare event that took place in June at the Dubai World Trade Center, Gaelan Medical unveiled its smart helmet, which uses artificial intelligence and deep transcranial magnetic stimulation to treat depression, obsessive-compulsive disorders, and smoking.
“The new device uses innovative technology, which requires less time and offers maximum comfort to the patients,” said Ammar Martini, Board Directors Member and Medical Scientific Officer at Gaelan Medical.
The helmet is able to reach deep inside the brain and target a specific region through a method called transcranial stimulation, making it completely non-invasive and thus comfortable for its user.
Now that the helmet has been officially revealed to the whole world, Gaelan Medical would like to make it available to as many people as possible. “We have already built a base of integral partnerships in the region, and we look forward to expanding our relations, developing along the way a better future with care and cure,” said Bino John, Division Head at Gaelan Medical during the Arab Health 2021 event.
Hopefully, smart health products such as Gaelan Medical’s helmet will soon be not only available across the world but also affordable enough so that all people who suffer from mental health issues can use them.
Abu Dhabi’s Hub71 To Help Climate Technology Startups
The initiative was announced at the COP28 summit and will help selected startups with a $200,000 cash injection and further incentives.
Hub71, Abu Dhabi’s global technology system, has launched a new initiative to support climate technology startups backed by several of the UAE’s largest public and private sector organizations.
A total of 342 startups have submitted applications so far, with the top companies being added to a shortlist that will be revealed shortly. Selected startups will receive Dh250,000 ($68,000) in incentives and an upfront cash support package of Dh250,000. In addition, the top performers of Hub71’s new initiative will also receive a top-up of up to Dh250,000 in exchange for additional equity.
Ahmad Alwan, deputy chief executive of Hub71, said: “This initiative aims to bring in different entities that have a shared mission towards climate tech […] Throughout the journey, we will support these companies, not only from being startups to becoming mature companies but also to facilitate their engagement with entities that would support them with access to capital, market, and talent”.
The Hub71+ ClimateTech ecosystem is backed by the Abu Dhabi National Energy Company and the National Central Cooling Company, who have each pledged Dh500,000 to the initiative as anchor partners.
They are joined by corporate partners, including Abu Dhabi holding company ADQ, Aldar Properties, sovereign wealth fund Mubadala, First Abu Dhabi Bank, Masdar City, and Dubai’s Emirates NBD. In addition, Siemens Energy is also onboard as an anchor partner.
So far, Hub71 has helped 260 member startups and created over 1,000 jobs, according to the organization’s website. In addition, it has collectively raised around Dh5 billion since its foundation in 2019.