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Market Overview for Technology for Aging in Place

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Nine Finalists from IAGG 2017 Tech Day Pitch Competition

Technology and Aging – One Full Day Component from IAGG 2017.    The International Association of Gerontology and Geriatrics (IAGG) held its World Congress symposia (73 member organizations from 65 countries) last week in San Francisco, "key opinion leaders in health & social services, housing & income support, research & education, public policy, administration & other areas, disciplines, and professions that impact older people and affect their quality of life." As part of the symposia (billed "as the largest world conference on aging"), July 26 was 'Tech Day' and included a pitch event from the following companies.  The winner of the pitch event was Kinesis Health Technologies, and the 'people’s choice' winner was Life Assist Technologies.  Descriptions are from the companies' websites.

Five technologies for older adults from CES 2017

CES 2017 – an overwhelming 'tech-o-rama' that defies categorization.  So do not expect insight here about why, where, or what was intriguing to journalists and geeks, including the Wall Street Journal.  There will be no discussion of how Vegas may be different in a year where the show, which attracted 175,000, ended on a Sunday. [Rant on] And the Silver Summit at CES is long gone, first replaced by Lifelong Tech in 2015 and then fully absorbed into the Digital Health Summit last year and this year. And there will be no discussion here about why, oh why, do all of the demonstration videos of nearly everything have to limit the viewer imagination to the young people being shown? [Rant off] Okay, there is no existing aggregator source for tech that could be useful to older adults -- spanning multiple categories -- nor to caregivers who care for them, either professional or family. Note that some media articles grouped items: a)  tech related to hearing loss, b) tech to assist people with disabilities, and c) an Accessibility Marketplace.  In addition to those offerings, here are five that so far caught my eye -- drawn from various sources:

URise Products’ StandUp Walker Wins Gold in Medtrade’s New Product Pavilion

11/11/2016

URise Products’ StandUp Walker has been named the Gold winner in the New Product Pavilion at Medtrade 2016. The Providers’ Choice award was voted on by all attendees at the largest Home Medical Equipment Expo and conference in the U.S.


Over 60 new products were featured in Medtrade’s New Product Pavilion during the conference with StandUp Walker taking top honors. StandUp Walker will be featured in the December issue of HomeCare Magazine, the sponsor of the New Product Pavilion and Providers’ Choice award.


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Aging 2.0 Optimize -- the goal is to accelerate the pace of innovation

It's been a busy week that reflects growing interest in aging and new technologies. Just after the third annual Louisville Innovation Summit, some of the attendees and/or exhibitors dashed to San Francisco for the Aging 20 Optimize event. The founders, Stephen Johnston and Katy Fike, launched Aging 2.0 in 2012 'to pick up the pace of innovation that benefits older adults.' The program includes the Generator Ventures fund, an 'Academy' to cultivate classes annual classes of startups, distributed worldwide events, and competitions that feature finalists who participate in pitch competitions. Their flagship and well-attended Optimize event concluded today in San Francisco – with five of the exhibiting/pitching startups featured below. Information is from their websites or press materials: 

CTA Foundation Launches Contest for Startups Improving Lives of Seniors and People with Disabilities

09/14/2016

ThThe Consumer Technology Association (CTA)™ Foundation, partnering with Extreme Tech Challenge, today announced the second annual video contest focused on startup companies with technologies that improve lives.

Five hearing tech announcements that could benefit older adults

Hearing technology advances -- the hearing aid industry considers changing. It’s a positive when you see disruption of industries that have too tight a lock on the consumer, whether it is in categories of health insurance, telecom carriers or hearing aids.  You spend time with people everywhere you go – those with significant hearing loss but no hearing aids; they have hearing aids, but hate to wear them.  According to a recent NY Times article, two-thirds of adults over 70 have hearing loss that warrants hearing aids, but only 15-30% of those wear them – and at $5000 a pair, no wonder. In recent years, personal sound amplification products (PSAPs) that are not classified as hearing aids and thus do not require the audiologist role, though the FDA may change that. Just asking, if the device is called a ‘Wearable’, does Silicon Valley find it more worthy of funding? But anyway. In July, Consumer Reports published an explanatory guide that should be required reading for organizations that serve older adults. It would seem to be the wild west of innovation.  Here is a sampling of five recent product announcements:

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