Our Co-founder Christian Ihre provides his perspective on why companies developing brain-computer interfaces need to start thinking about brand and communications.
Neuro technology
Time to build brand
What do you do when one of the world’s most famous tech profiles steps into the field of innovation that you have put years into building – and risks stealing both the limelight and the investor interest? How do you make sure to not just stay in the conversation, but be the one shaping it going forward? You need a plan.
—BCI is not just competing for market share or investment dollars; it is competing for mindshare.
Enter Musk
Late February, Elon Musk reported that the first human patient implanted with a brain-chip from his startup Neuralink appears to have fully recovered and was able to control a computer mouse using their thoughts. With that, Musk became the face of neuroscience, after just eight years in the field.
Visibility and recognition amidst a crowded landscape of innovation is a real challenge for transformative industries. Today’s attention economy is awash with innovations and your stakeholders are bombarded with messages about the next big thing. Companies developing brain-computer interfaces are not just competing for market share or investment dollars; they are competing for mindshare.
—There is a great story of real human progress waiting to be told.
Speak up now
Elon Musk and Neuralink will likely contribute enormously in crafting public perception in coming years. It’s crucial for other businesses to emerge now and be recognized, so they can shape the conversation going forward. Beyond the marvels of technology, lies the equally critical challenge of positioning and marketing.
The field of brain-computer interfaces and neuroprosthetics is ripe with innovation that is not just technological advancements. It's a beacon of hope to restore impaired people's communication, mobility, and independence. There is a great story of real human progress waiting to be told.
A company's ability to attract public interest, garner investor attention, and secure a place at the forefront of the neurotechnology revolution hinges on building brand and careful strategic communication. It’s crucial to take the real, progressive work that is being done and distill it into storytelling that resonates with all stakeholders.
Conclusion
Advanced BCI companies should consider what the world knows about their work and the impact it creates, and be careful not to be overtaken by more opportunistic market entrants on the final stretch. I for one, would love to be part of making them winners.
Christian Ihre, Co-Founder and Partner
Christian has 25 years of experience in purpose-driven business strategy for international companies across various industries. Christian has led successful projects for world leading organizations and is passionate about helping businesses discover how they can play a larger role in people's lives.