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dementia care, cognitive decline

Aging 2.0 Global Startup Search Finalists Announced

08/30/2016

We've scoured the globe to find very best aging-focused startups and we're bringing the finalists to you at the Aging2.0 OPTIMIZE conference! Throughout the last few weeks, the winners of local Global Startup Search events have been evaluated by online voters & expert judges.

Refunds for international buyers of Jibo Robot -- the peril of hype

See a product swamped by global media hype miss expectations.  Refunds for international backers of Jibo. In December, 2015, cute ‘social’ robot Jibo “received $16 million from Asian VCs to enable it to speak and sell in Japan and China.” And that was just a portion of the total of $52 million raised, the first chunk on IndieGogo found 5,554 supporters raising $2.3 million.  But what just happened should not be a surprise. Why? Because “it won’t function up to our standards in your country… and will create more issues with Jibo’s ability to understand accented English than we view as acceptable.” Why all this money for a poorly defined, loosely described $500 table-top and presumably robotic companion beloved in the media?  Why indeed, as the GeekWire article rightly observes, Amazon Echo began selling at the same time, with many of the original Jibo hyped features and at a lower price point.

Something’s rotten in care of the elderly – what does this week’s KHN tell us?

Do hospitals mismanage support for vulnerable older adults?  And we wonder why people, including doctors, avoid hospitals. We knew that an older adult going into the hospital experiences or departs with an unwanted side effect. Half a million per year acquire C.Difficile in hospitals -- costing $4.8 billion; ICU risk of death is 35% higher for elderly. And MRSA has a 12-month death rate of between 20 and 35% -- with the most vulnerable, you guessed it, the elderly.  But did you know that one-third of hospital patients over age 70 and half of the patients leave the hospital more disabled than when they arrived?  Question raised: what about appointed or actual advocates when elderly patients are admitted – is someone present or appointed by the hospital who will observe care, including vigilance about hand-washing or ICU treatment– perhaps the state-by-state Care Act address this in a future update.

What is reality? Headlines distort information about aging and health

So you read a headline and say, what, what?? But of course we regularly find ourselves incredulous.  Can that headline be accurate? What did that study say? Who did they survey to get that result?  This has been a particularly bad week for distortion headlines – and not about politics, actually.  These are about topics seniors and families would care about and be disappointed when they read more.  Let’s start with the Wall Street Journal article title:

AGE-WELL Pitch Competition: Technology to Support People with Dementia

07/24/2016

AGE-WELL, in partnership with the Global Council on Alzheimer’s Disease (GCAD), Otsuka America Pharmaceutical, Inc.,  Aging2.0 Local | Toronto, the Ontario Brain Institute, and the Women’s Brain Health Initiative is proud to host a pitch competition this July in Toronto, ON Canada.


Innovation for the senior market from Israel

Entrepreneurs from Israel have found or been found by Aging 2.0. The mission of Aging 2.0 extends beyond the US: they are seeking innovators and inventions from everywhere, holding events, inviting pitches and announcing finalists. Last week, 12 entrepreneurs from Israel were written up in Jewish Business News – targeting 'technologies for the myriad needs of the aging population.' Five are included here. These have some unique attributes, but also inspire questions -- which may be the 2.0 issue of aging tech/tech-and-aging. Consider the five below. The target recipient of the technology is uncomfortable with technology, may have a physical limitation (hearing or dementia), and be at risk of social isolation. For each of these inventors, next is to identify the go-to-market partner category that will move these offerings into the homes of those who benefit at a beta-tested price point, combining with already familiar services targeting the broader needs of these individuals. These are very early-stage and all text comes from the original article:

New Award-Winning Residence for Those with Alzheimer ’s Disease

06/29/2016

NORTH RIVERSIDE, IL – The Caledonian House, a new assisted living home specially designed for those with Alzheimer’s disease, will offer best in class memory care following a ribbon-cutting ceremony on July 13 at 11:00 a.m. on the Scottish Home campus, 2800 Des Plaines Avenue, North Riverside.

Proximity Button: Young entrepreneur launches crowdfunding campaign

06/06/2016

Natalie Price, aged 25, was inspired to create a device that

would keep people living with dementia safer after having watched her own mother

care for people with dementia for over 15 years. Today she launched an Indiegogo

campaign to crowdfund enough to manufacture the device. The Proximity Button,

the first of its kind in the dementia market, uses innovative technology to provide

carers with an affordable solution to protect people living with dementia from

wandering. The smart Button sensor, worn by a person with dementia, connects to a

Five technology Innovations for Older Adults – May, 2016

The more things change in the age-related markets, the more they change.  Even without an age-related event announcement, article, or article series, new startups and initiatives emerge every week that can provide benefit to older adults and those who provide care for them. Some firms want to apply tech from other market categories to the aging market segment. Others are already in the segment and announce a new offering. Categories of these five from May include health, tech support, hydration, transportation, and social connection, Information is derived from the websites of the companies:

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