Provide a one-line summary of your solution.
Myndzon - mental wellbeing and social economical status uplifting zone for underserved children, youth and mothers
What specific problem are you trying to solve?
Today, mental wellbeing and healthcare are each individual’s right and should be affordable and accessible with no taboos. This is even underserved in the foster care ecosystem.
As of 2021, there were approximately 660K Children and Aging Youth in America. As of 2021, ~660K children are in the foster care system.
• 36% of children placed in non-relative foster homes
• 25% of children placed with relatives
• Need a Source of resilience and inspiration
• Top Musicians, Artists, Computer era pioneers, and Authors, among other trailblazers are raised here
Cost to Society Wellbeing is in the billions. Social Return of Investment (SROI)* for every $1 dollar spent on child 1, the future value created is approximate -$3.64 Negative Outcome for public social wellbeing.
Statistics show that children in foster care are more likely to experience mental health issues than their peers. According to the National Survey of Child and Adolescent Well-Being, approximately 50% of youth in foster care have a diagnosed mental health condition, compared to just over 20% of children in the general population. Additionally, youth in foster care are more likely to experience depression, anxiety, and behavioral issues.
We at myndzon - our aim is to improve mental wellbeing by offering tool kits in art, music, and meditation. These kits are designed to elevate moods and empower individuals to create positive moments, with the support of their community. Adhering to strict data security measures, the program also provides incentives to support the creators' social and economic well-being."
*aliainnovation.org, samhsa.org
What is your solution?
We at Myndzon - “our aim is to improve mental wellbeing by offering personalized AI/ML data-driven tool kits in art, music, and meditation, and a charity place with NFT for each creator's work. These kits are designed to elevate moods and empower individuals to create positive moments using arts/musics, with the support of their community. Myndzon technology stack adheres to strict data security measures through data-residency protocols, the program also provides incentives to support the creators' social and economic well-being.
Who does your solution serve? In what ways will the solution impact their lives?
Our goal is to ensure that every mother and child have access to mental and emotional wellbeing, starting with those in the foster care system. Unfortunately, welfare agencies and services often lack the resources and personnel to provide adequate support, with a shortage of funding estimated at 25% in Massachusetts alone.
Myndzon is working to address this issue by offering tools for self-expression through art and music. We prioritize data residency and privacy to empower creators and improve their financial stability. Our mission is to give a voice to those in the foster care system and support their mental and emotional wellbeing.
How are you and your team well-positioned to deliver this solution?
Manjula Shivanna, MIT Sloan EMBA 24 | Data Science/ AI/ML Leader at Cisco : (Mother, Tech-savvy ) Advocate mental wellbeing and healthcare to bring in awareness for mothers and children through her non-profit work. Data Science and AI/ML Leader of Innovation and Product Engineering, Cloud Analytics and SaaS Platform Execution)
Matthew DePaolis, MIT Sloan EMBA 24 | COO, CSO @Repslu : ( Father, Tech-Savvy, Chief Operations and Customer Officer , Advocate of Community Service and wellbeing, Technologist on emerging technologies and Cloud SaaS Platforms)
Eric Rosenkranz, MIT Sloan EMBA 24 | Director @ Google: (Father, Cloud Partnerships, Private Equity, Venture Capital, Advocate and coach on meditations, and mental well being, Global Growth head)
Courtney Caswell, MIT Sloan EMBA 24 | Vice president of pricing and distribution @ Live Nation Entertainment ( Godmother, Charity Funds, Women wellbeing advocate, Talent Pricing)
Reiya Das : Junior at New York University, Skilled in UX/Product Designer, She is a junior at NTU studying Product Design and Data Science with a minor in Social Entrepreneurship
What steps have you taken to understand the needs of the population you want to serve?
Executing active primary market research study and collaboration with leading advisors and innovative leaders in this space. Here are the advisors board and who have contributed their valuable time towards the construction and critics of this initiative.
Which aspects of the Challenge does your solution most closely address?
Improving learning opportunities and outcomes for learners across their lifetimes, from early childhood on (Learning)What is your solution’s stage of development?
Prototype: A venture or organization building and testing its product, service, or business modelIn what city, town, or region is your solution team located?
Cambridge, MA, USAWho is the Team Lead for your solution?
Reiya Das
What makes your solution innovative?
Novel is the system and ensemble technology stack by itself as it solves the end-to-end broken thread of foster care ecosystem through collaborative and process democratization between human and technology.
What are your impact goals for the next year, and how will you achieve them?
Engage with 50% of Massachusetts (~20) welfare agencies to introduce the took kits and charity place for the youth usage and enable them to create wealth for their future. This bridges the collaboration and pay back aspiration of larger general community through a transparent and accessible technology platform.
Describe the core technology that powers your solution.
Artificial Intelligence, Machine Learning, Full Stack Observability based Natural Language Processing, NFT.
Please select the technologies currently used in your solution:
In which countries do you currently operate?
How many people does your solution currently serve, and how many do you plan to serve in the next year? If you haven’t yet launched your solution, tell us how many people you plan to serve in the next year.
10 as PMR members, 400K through agencies.
What barriers currently exist for you to accomplish your goals in the next year?
Public sectors contacts and engagement with foster care agencies.
How many people work on your solution team?
5 Part-time
How long have you been working on your solution?
30 days
What organizations do you currently partner with, if any? How are you working with them?
DFC , Alia Innovation. Working to interview, primary research, and evaluate the solution fit for adoption and accessibility within foster care ecosystem.
What is your path to financial sustainability?
Sustained Grants, Public Foster care welfare funds by Government, revenue margin cut from NFT tagged artifacts.
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Solution name.
Myndzon mood platform