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AgeTech

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AgeTech

Scrum Studio and Hakuhodo Launch AgeTechX to Redefine the Future of Health and Longevity

12/01/2023

San Francisco, December 1, 2023 - Scrum Studio Inc., in partnership with Hakuhodo, announces
the launch of AgeTechX, a visionary open innovation program dedicated to helping scale and
grow startups developing products and solutions working to revolutionize the $2 trillion field of
aging-related technology and services by collaborating with Japanese corporations.

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Scam innovation -- moving faster than the speed of regulation

What a week – chaos at OpenAI plus the rise of scam innovation. This weekend exposed a conflict at OpenAI, the November 22, 2022 bringer of ChatGPT, between the board that wants to develop AI for good and perhaps another view, AI for commercial profit.  Sam Altman the founder is fired, begs to come back and instead is offered a job and a team at Microsoft (the other big funder of OpenAI.) He agrees to go to Microsoft and 700 of OpenAI’s 750 employees threaten to quit.  Guess they weren’t big fans of AI for Good.  Microsoft, which committed as much as $10 billion over time for OpenAI, might think AI for Profit might be a better strategy.  Watch for the next installment of this very public soap opera.

Five blog notes from September 2023 Aging and Health Technology Watch

Setting the stage for The Future of Care Work research.  Did you know that the number of workers per social security beneficiaries continues to shrink? That two-thirds of doctors and nurses are experiencing moderate or a great deal of burnout at work.  That over 85% of US adults suffer from one chronic illness.  That 33% of those aged 85+ have Alzheimer’s or dementia?  These points and more are the backdrop for the upcoming November report, The Future of AI and Care Work. Meanwhile, here are five points from September, 2023.

Visual cue company laser-focused on partnering with eldercare facilities to expand market

08/22/2023

Devices that offer visual or audio cues for older adults are an important developing market as care providers look to reduce incidences of falls.

One startup, De Oro Devices, is hoping to broaden its market reach for NexStride, a device that attaches to tools like canes or walkers and creates a green laser projection on the ground for users to follow.

The company officially announced a partnership with New York-based RiverSpring Living following a successful trial run of its device at RiverSpring’s campus in the Bronx.

Five 2023 innovations to benefit older adults and their care providers

Older adults and caregivers are served by a number of offerings and events. And CES 2024 is still more than 3 months away.  Events are ahead like Aging 2.0 Optimize in September in Lousiville, LeadingAge’s Annual Meeting in November in Chicago, and the What’s Next Longevity Innovation Summit in December in Washington.  Each of these will no doubt feature startups of services and technologies, many incorporating AI) in multiple areas.   In the meantime, here are five recently announced innovations and services for the older adult marketplace worth checking out:

Blooming Health Raises $4.2M in Oversubscribed Round to Power Healthy Aging-In-Place

09/07/2023

EW YORK, Sept. 6, 2023 /PRNewswire/ -- Blooming Health, a digital engagement and referral solution enabling service providers to engage older adults and their family members, today announced the close of an oversubscribed $4.2 million seed round. Investors include Afore Capital and Crossbeam Venture Partners, with additional investment from Chelsea Clinton's investment firm, Metrodora, and angel investor and DoorDash Cofounder, Evan Moore.

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Five technologies to mitigate social isolation in older adults

Social isolation has become an insidious problem among older adults. It’s at the point where the surgeon general recently declared it to be a serious health risk: "29% increased risk of heart disease, a 32% increased risk of stroke, and a 50% increased risk of developing dementia for older adults. Additionally, lacking social connection increases risk of premature death by more than 60%.  Certainly one factor is the growth in the number of older adults living alone, including 44% of women aged 75+.  Technology’s role in mitigating it is being studied in research programs and healthcare. In one study of studies, the authors concluded that while it seems apparent that it can be helpful, specific technologies were not studied separately.  In another pilot program, Talking Tech, participants were surveyed as being less lonely following increased technology literacy and access to tools to connect with others and boost social interactions. And in New York State, the rollout of AI companion robot ElliQ to 800 seniors reportedly resulted in a "95% reduction in loneliness."

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