What does it really take to turn neurotechnology into a scalable business? In this episode of The Business of Neurotech, host Adam Fraser sits down with Michael Brotherton, co-founder and managing partner at Dragonfly 44, to explore the capital, strategy, and market forces shaping the sector. Michael talks about his journey from science into investment banking and how this ultimately led him to establish a business specialising in neuroscience and neurotechnology. He then delves into his definition of neuroscience and neurotech across devices, diagnostics, therapeutics, BCI, and digital tools. Adam and Michael also dig into the surge of investor interest in brain-computer interfaces, the growing overlap between neurotech, biomarkers, and AI, and why clinician networks and community-driven investing could become a real edge as the market matures. Tune in for a look at where neurotech is heading and what it may take to build lasting companies in the space with Michael Brotherton!

Key Points From This Episode:

• [00:58] Background about Michael and what led him to focus on neurotech.
• [05:11] What type of expertise is needed to work in the neurotech space.
• [07:21] Learn what neurotech is and what makes it stand out from other sectors.
• [11:03] Find out why defining the size and scope of the neurotech market is still difficult.
• [13:30] Explore what is driving such strong investor interest in brain-computer interfaces.
• [15:12] Michael’s take on the most compelling neurotech subsectors today.
• [17:02] Discover how Dragonfly 44 approaches servicing the neurotech market.
• [19:10] What makes neurotech corporate finance different from medtech.
• [21:37] Hear why building a venture fund was always part of Michael’s long-term vision.
• [22:50] Unpack how AI could reshape investing, capital raising, and networking.
• [29:04] How AI may lower startup capital requirements and open up more opportunities.
• [30:21] Understand how Michael is thinking about his funding and networking efforts.
• [34:16] Final comments and how to connect with Michael to learn more about his work.

Links Mentioned in Today’s Episode:

Michael Brotherton on LinkedIn

Dragonfly 44 Capital

D44 Ventures

Neuroscience News

Adam Fraser on LinkedIn

Omniscient Neurotechnology