The Conscious Fund Emerges as a Launchpad for Modern Psychedelic Drug Businesses


Posted October 5, 2021 by theconsciousfund

The Conscious Fund invests in early-stage psychedelic medicine ventures globally, helping deliver better outcomes for people suffering from mental health problems, chronic pain, and addiction.

 
To Be Dated: Although psychedelic use predates written history, they’ve had a tumultuous history in the United States. Psychedelics were once widely available across the fifty states. Moreover, in the 1950s, many research programs were ongoing to study the benefits of these mind-altering substances. Harvard University, arguably the most esteemed educational institution in the country, even had a program devoted to psychedelic research. However, psychedelics became associated with the counter-culture movement of the 1960s, resulting in people attaching negative connotations with them. The Ronald Reagan administration decided to ban these drugs, imposing a Schedule I classification on them. Research came to a screeching halt and wouldn’t restart until 1999. Since then, many experiments have studied the impact of psychedelics on mental health disorders like depression, anxiety, obsessive-compulsive disorder, and more. These studies have yielded impressive results, leading to a rise in psychedelic medicine. As science continues to uncover the benefits of psychedelics, more psychedelic companies are propping up, leading to the industry growing significantly. Statistics show the sector is growing at an annual rate of 13.3 percent. Experts believe the industry will be worth approximately $10.75 billion by 2027.
Studies show psychedelics can have a significant impact on mental health disorders, including eating disorders. According to ANAD, over 28.8 million Americans will battle an eating disorder in their lifetime. Likewise, according to the National Institute of Mental Health, over 51 million Americans live with mental illness. Although various treatments exist for such disorders, their efficacy rates vary. That’s where psychedelics enter the picture. Research shows promising results when administering psychedelics – like MDMA and Psilocybin – to treat these disorders.
The Conscious Fund is an ethical venture capital firm that aims to improve people’s lives. The psychedelics venture fund aims to help deliver better outcomes for people living with mental health disorders, chronic pain, and addiction. The company funds early-stage psychedelic medicine businesses, assisting them to scale their growth. In addition, the venture capital firm helps businesses in overcoming obstacles.
Speaking to us, a company spokesperson shared, “There has been a significant breakthrough in the world of psychedelic medicine. Research continues to uncover the benefits of psychedelics as a treatment option for various mental disorders and chronic ailments. At The Conscious Fund, we’re focused on helping psychedelic businesses grow. The industry is still in its infancy, meaning no established big-name players are currently operating. Our goal is to help organizations get to the forefront of the psychedelic drugs industry. We provide funding to early-stage ventures to help them trailblaze the way forward while setting a precedent for others. Startups are often in a delicate position and require funding and a strategic partner, and we fulfill that role. We assist organizations in scaling rapidly while overcoming business hurdles. We’ve already helped numerous companies scale, and we hope to continue doing that for the years to come.”
The company meticulously examines the applicant’s business model, requirements, and goals. Based on these facets, they create a customized funding plan that covers all the bases. The venture capital firm then carefully implements the program to ensure timely fruition.
About The Conscious Fund
The Conscious Fund is an ethical venture capital firm that invests in plant-based psychedelic medicine ventures in their early stages. The VC fund aims to deliver better outcomes for people living with mental health disorders, chronic pain, and addiction.
Contact The Conscious Fund
Website: https://theconscious.fund/
Email: [email protected]
Twitter: https://twitter.com/ConsciousFundHQ
LinkedIn: https://www.linkedin.com/company/the-conscious-fund/
Portfolio:https://theconscious.fund/portfolio/
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Contact Email [email protected]
Issued By theconsciousfund
Country Malta
Categories Business , Finance , Health
Last Updated October 5, 2021