New attention is being paid to high-tech treatments for mental disorders in young people.

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With the onset of the COVID-19 pandemic, mental health has received increased attention, especially among young people. 1 in every 6 children between the ages of 6 and 17 suffers from a mental disorder every year, and now a new investment company wants to use technology to make their treatment easier. Telosity by Vinaj Ventures is a fund created back in 2019 specifically to invest in companies that provide technology solutions to improve the mental well-being of young people who are used to doing almost everything on their phones or computers. Founder and CEO Anish Srivastava says he was inspired to start the foundation when he saw how few mental health resources were available, especially for children and teens. “Accessibility is very complex,” Srivastava says, “and technology is helping to democratize access to health care.”

And if Telosity is successful, in the near future, kids and teens can meet their mental health counselors in cyberspace, which the company wants to use as a starting point to meet young people in the space they feel most comfortable with. “We can use this as a place for resources,” Srivastava says, “be it its educational opportunities, mental health self-education, the ability to provide teletherapy solutions, and so on.”

And it’s not just scheduling apps and telemedicine; New advances in virtual reality can make it much easier for doctors to examine and treat patients online. Telosity has seen a growing market interest in augmented and virtual reality (AR/VR), and much of it is focused on mental health assessment tools for vendors. All of this can make it even easier for children and adolescents to access mental health resources, as in many cases they don’t even need to leave their homes.

This is also good news for business. Telosity released a report last month showing that the market for youth mental health solutions will be $26,000,000,000 by 2027, and the company calls it an unprecedented opportunity for businesses to increase their profits while also helping millions of the most vulnerable Americans. Srivasta says this could be an important benefit for mental health investors. “There is an opportunity to do good by investing and building a sustainable business, and I think that is the driving force behind technology.”

You can find the full Telosity report at https://www.telosity.co/mkt-guide