Company Profile: mbt I mBrainTrain

Background

Overview

mbt I mBrainTrain (mbt) is a Serbian-based company specializing in mobile electroencephalography (EEG) technology. Established in 2012, the company is dedicated to advancing neuroscience by developing portable EEG devices that facilitate brain research beyond traditional laboratory settings. With a team of approximately 20 employees, mbt operates globally, serving leading neuroscientific laboratories across Europe, the United States, China, Turkey, Australia, Latin America, and South Korea.

Mission and Vision

mbt's mission is to enable everyday brain tracking, unlocking the hidden potentials of the human brain. The company's vision is to become the leading mobile brain technology company, inspiring researchers to continuously push the boundaries of neuroscience.

Industry Significance

As a pioneer in mobile EEG technology, mbt plays a crucial role in making brain research more accessible and versatile. By providing portable solutions, the company empowers researchers to conduct studies in diverse environments, including outdoor settings and real-world scenarios, thereby expanding the scope and applicability of EEG research.

Key Strategic Focus

Core Objectives

Innovation in Neuroscience: Develop cutting-edge mobile EEG devices that enhance the quality and flexibility of brain research.

Global Expansion: Establish a strong presence in international markets by collaborating with top neuroscientific labs worldwide.

Integration into Daily Life: Make EEG technology a seamless part of everyday life, enabling continuous brain monitoring and research.

Areas of Specialization

Portable EEG Systems: Design and manufacture lightweight, wireless EEG devices suitable for various research settings.

Hyperscanning Studies: Provide solutions for simultaneous brain activity recording from multiple participants to study social interactions.

Neuroergonomics: Develop tools to assess brain activity in real-world environments, aiding in the design of user-friendly products and systems.

Key Technologies Utilized

Wireless Communication: Implement robust wireless technologies to ensure high-quality, real-time data transmission.

Advanced Signal Processing: Employ sophisticated algorithms for artifact removal and signal enhancement.

Multimodal Integration: Integrate EEG with other physiological signals, such as eye-tracking, to provide comprehensive insights.

Primary Markets Targeted

Academic and Research Institutions: Equip neuroscience labs with advanced tools for diverse research applications.

Healthcare Providers: Support clinical settings in monitoring and diagnosing neurological conditions.

Consumer Electronics: Explore applications of EEG technology in wearable devices for health and wellness.

Financials and Funding

Funding History

Specific details regarding mbt's total funds raised and recent funding rounds are not publicly disclosed. The company has received support from the Innovation Fund, which has enabled the development of their miniature amplifier for stroke rehabilitation.

Notable Investors

Investor information is not publicly available.

Utilization of Capital

Funds have been allocated towards research and development, product manufacturing, and expanding the company's global presence.

Pipeline Development

Key Pipeline Candidates

Smarting PRO X: A high-density, 64-channel portable EEG device designed for complex research studies.

Smarting Spectra: A solution tailored for hyperscanning studies, enabling simultaneous EEG recording from multiple participants.

Stages of Development

Smarting PRO X: Currently available for purchase, utilized in various research applications.

Smarting Spectra: Recently launched, with initial deployments in hyperscanning research.

Target Conditions

Smarting PRO X: Suitable for a wide range of neurological studies, including cognitive neuroscience and neuroergonomics.

Smarting Spectra: Designed for social neuroscience research, focusing on understanding brain activity during social interactions.

Anticipated Milestones

Smarting PRO X: Ongoing enhancements to improve signal quality and user experience.

Smarting Spectra: Expansion of user base and integration with additional research platforms.

Technological Platform and Innovation

Proprietary Technologies

Smarting Platform: An integrated system combining hardware and software for seamless EEG data collection and analysis.

Spectra Hyperscanning Software: Facilitates synchronized EEG recording from multiple devices, enabling complex social interaction studies.

Significant Scientific Methods

Artifact Removal Algorithms: Advanced techniques to minimize movement artifacts, ensuring high-quality data in dynamic environments.

Multimodal Data Integration: Combining EEG with other physiological signals to provide a comprehensive understanding of brain activity.

Leadership Team

Key Executives

Ivan Gligorijević: Co-founder and CEO. Ivan has a background in electrical engineering and has been instrumental in developing mbt's product line.

Bogdan Mijović: Co-founder and CTO. Bogdan specializes in hardware development and has led the engineering team in creating innovative EEG devices.

Key Contributions

Ivan Gligorijević: Oversees strategic direction and product development, ensuring alignment with the company's mission.

Bogdan Mijović: Leads the technical team, driving advancements in EEG technology and product innovation.

Competitor Profile

Market Insights and Dynamics

The mobile EEG market is experiencing growth due to increasing demand for portable brain monitoring solutions in research and clinical settings. Advancements in wireless technology and signal processing are driving innovation in this sector.

Competitor Analysis

EMOTIV: Offers a range of EEG headsets for research and consumer applications, focusing on brain-computer interface technologies.

Muse: Provides EEG headbands designed for meditation and sleep tracking, emphasizing user-friendly interfaces.

NeuroSky: Develops biosensors for EEG and ECG applications, targeting both consumer and professional markets.

Strategic Collaborations and Partnerships

In 2024, mbt partnered with Brainbox Ltd to expand the reach of their mobile EEG products in the neuroscience research community.

Operational Insights

mbt differentiates itself through the development of high-density, portable EEG devices suitable for complex research studies. The company's focus on in-house product development ensures quality control and innovation.

Strategic Opportunities and Future Directions

mbt aims to expand its product offerings to include devices tailored for clinical applications, such as stroke rehabilitation. The company is also exploring opportunities to integrate EEG technology into consumer health and wellness products.