Aussie startup Psylo has recently led a $5 million seed round, and gotten the backing of global VCs for their psychedelic-inspired medicine to treat mental illness.
The 2021 startup is breaking into a huge market for alternative treatments with psychedelic-assisted therapy. Research suggests that psilocybin is significantly more effective in treating major depression than existing options. And the government is catching on to this. Last year the former Australian federal government launched a $15 million fund for psychedelic clinical trials and innovative treatments. And in July 2021, the Psychae Institute, opened a $40 million psychedelic research centre in Melbourne.
https://www.startupdaily.net/topic/funding/psychedelic-biotech-startup-psy
A group of socially minded leaders and entrepreneurs, in partnership with Big Brother Big Sister and AmCham Australia, have launched an innovative mentoring approach to guide and inspire at-risk youth. Co-Founded by Jon Michail and Mark Watt AM, AmCham & BBBS The Leadership Council is sourcing 100 business leaders to step up and achieve social good through collaboration, support and sharing of expertise.“We are creating a mentorship space to allow young people to enjoy creativity, learn effective entrepreneurial skills – critical thinking and self-leadership and sustainability,” says Jon Michail. “This will ultimately improve resilience and mental health in young people.” https://leadershipcouncil.org.au
When sanctions on Russia removed access to SWIFT, Payments
and Financial Services became a weapon of war.Whilst a justified response, where does the line stop and
start when a provider or country doesn’t like the services you offer, or where and
how those services are provided?Or maybe as a citizen you said something online that
provoked a response where your access to financial services were removed.Though hate crime and other behaviour deserves action. Should
we be worried that access to financial services is becoming a mechanism for censorship?And will DeFI solve or create more problems?