Firm looks to raise €5m to develop EEG headset for smartphones

Mind Technologies plans to do a capital raise of 4 to 5 million Euros in order to fund the development of its advanced EEG (electroencephalography) headset for the BCI (Brain Computer Interface) market. Still confused?

Basically, it wants to develop a smaller, easy to use, EEG device that can be used for mobile smart phones as well as the PC. The upshot is using a small portable headset to run apps on smartphones. Star Trek!

Mind Technologies wants to make their EEG headset and thought controlled software “a household name.” We’ll see. For now, the race is on to replace that bluetooth headset with something a tad more powerful.