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Market Overview for Technology for Aging in Place

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GuideWell Innovation Launches Health+Accel to Fast Track Health Solutions for Aging Well

07/11/2017

ORLANDO, Fla., July 11, 2017 /PRNewswire-USNewswire/ -- GuideWell Innovation, a subsidiary of GuideWell Mutual Holding Corporation, has launched a new program and pitch competition to fast track entrepreneurial ventures focused on aging well. Health+Accel is a one-week intense workshop for advanced entrepreneurs with innovations that allow individuals to age with dignity on their own terms.

Robotics and older adults – in 2017, are we there yet?

Investor money has forever flowed to innovation in robotics. Robots on the Runway at Digital Health at CES offered a view of what was new then in human-like robots, the most charming was Anybots QB, now QB2 – which would 'go to the office for you.'   In fact, this ‘telepresence’ robot begs the question, what’s a robot anyway – is it a 'machine controlled device through an external or (usually internal) computer, often equipped with audio, visual, and/or tactile sensors as well as other devices and tools to perform one or several programmed jobs?'  Oh yeah.  They can be autonomous, like the iRobot one for the military – working on their own.  Like Anybots, they could be a telepresence robot – a 'remote controlled, wheeled device that has wireless internet connectivity.'   And the market for all types in healthcare globally some say is $2.8 billion.

LifeAssist Chosen as a 2017 Red Herring Top 100 North America Winner - Healthcare

07/05/2017

Red Herring today announced the winners of its Top 100 North America event, recognizing the continent’s most exciting and innovative private technology companies. LifeAssist had been selected from thousands of entrants. The ceremony, led by Red Herring chairman Alex Vieux, was preceded by two days of keynote speeches, discussions and finalist presentations.

Independence Day – How Old Age is a (New) Number

Movin' up – so goes the definition of old age. Maybe this confirms what you have already observed, and the Society of Actuaries (which also uses Social Security Life Tables) has also calculated. According to Stanford economist John Shoven, the definition of "old" is rising, ridiculously compared to the 1920s, but very interesting, nonetheless. Says Shoven: For women, "old" is approximately age 73, with women transitioning out of middle age at 65. For men, he asserts that "old" is around age 70, with transitioning out of middle age at age 60.  The assumption underlying this are based on "risk of dying" within 1, 2 or 4 years. If it is 1% or less, a person is is middle-aged. Good graphic, and no surprise, it's another document in the litany of advice for deferring Social Security payments until late, late, late, despite the actual behavior in which 42% of men and 48% of women are claiming it at age 62.

New York, New York – Age Friendly, Age-Supportive Innovations

Largest city in the US shows a path for an aging society.  New York has long been a host and leader in supporting older adults, from being a WHO Age Friendly City, to acknowledging the presence of Naturally Occurring Retirement Communities (NORCs) starting in 1994, to being the home of the first Virtual Senior Center (VSC). In addition, technology leadership initiatives have been offered via SelfHelp in Queens, and Senior Planet, a technology exploration center that offers tech training for adults 60+. So many people aging, many needing the skills to find and keep jobs. So they utilize services like OATS and Senior Planet, or senior centers, training in libraries, carrier stores and online sites like AARP TeK Academy.  

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