Canadian businessman Greg … We operate accross the Noetic Fund I & II, as well as our operating company Noetic Labs. Starting in March of 2020, with the listing of MindMed on Canada’s Neo Exchange, there are now over 50 publicly traded companies focusing on psychedelics. The firm seeks to invest in the emerging and early-stage psychedelic-based wellness, therapeutic and pharmaceutical companies around the globe. Sa'ad Shah of Noetic says that "psychedelics will transform the global mental health sector by shifting the focus from ongoing treatment of ailments to curing mental health diseases like treatment-resistant depression, post-traumatic stress disorder ("PTSD") and anxiety." We plan to be at the forefront of this renaissance, fostering development in white space. Founded by veteran investors with the professional experiences (The Carlyle Group, McKinsey & Company), educational backgrounds (Harvard, Columbia, Oxford, Max Planck Institute), and networks to shepherd the nascent psychedelic sector in the right way, the team at Noetic combines passion, purpose and pedigree to support the development of innovative and sustainable products and services that utilize technological innovation and the power of bioavailable plants to help define a healthy future for people and our planet. Break or cut a large turmeric rhizome into a small piece (or more, if desired) that has two or three buds. Noetic operates two venture capital funds, the first being Noetic Psychedelic Fund LP founded February 2020 and the second being Noetic Fund II Master Cayman, LP (dba Noetic Fund II). ", Michael Franks speaks to the effectiveness of psychedelic therapies: "the efficacy rates we have studied within the data rooms of hundred of companies are profound and we have great faith that the US Food and Drug Administration ("FDA") will follow the efficacy rates and safety rates as it works to support this sector into the future for the benefit of humankind, as it has done twice previously with breakthrough therapy designation for psilocybin for the treatment of major depressive disorder and treatment resistance depression.". The global cost of mental health issues is rising and will reach $6 trillion per year by 2030, with 12 billion working days lost per year due to mental illness. Psychedelic medicine offers higher efficacy rates, minimal toxicity, lower treatment costs and customized solutions to those suffering from medical and mental health disorders. A Venture Studio for Psychedelic Biotechnology Companies Noetic Foundry brings together the brightest people and most transformative solutions to assist in managing and solving mental health, addiction, and central nervous system ailments globally. Eric Segovia is on Facebook. Noetic Foundry has closed an oversubscribed round to fund its first group of biotechnology companies TORONTO, ON / March 30, 2021 / The Noetic team is pleased to announce that Noetic Foundry closed an oversubscribed round of financing earlier this year and is in the final stages of launching its first cohort, 100 Broadview Ave Ste 300Toronto, Ontario, M4M 3H3, © 2021 Noetic Foundry. Noetic Foundry was founded by the partners of the Noetic Psychedelic Fund (“Noetic Fund”), the leading venture fund in the space, with 20 portfolio companies across the value chain. 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