How tough is it to highlight tech innovation that could help older adults? Pretty tough, judging by the accelerator pitch event winners at the South by Southwest (SXSW) conference (etcetera) held this week in Austin. Even the hearing-loss tech winner, Sound Scouts, was pitched as a screening tool for children. And no joke, one of the winners, Laugh.ly, was a streaming app for stand-up comedy. Yay! So prior to next week's older-adult events in Chicago, here are new tech offerings drawn from those listed in the 2017 Technology Market Overview. Content is from their company websites:
San Francisco-based Sense.ly, which makes a virtual nurse assistant available through an app, announced it has raised $8 million in Series B funding in a round led by Chengwei Capital. Additional contributions came from Fenox Venture Capital, Bioved Ventures, the Mayo Clinic and the Stanford StarX fund. This brings the company’s total funding to date to at least $11.5 million.
Is there a difference between health tech and aging tech? A friend told me about a comment from an arrogant investor (that may seem redundant to some). The observation was that ‘aging’ was not important, health is THE topic and subsumes (overrides) aging. Do you buy that? Just ask my daily alerts or search yourself for the term 'aging seniors.' See that the list starts with NCOA and improving the lives of older adults. Okay, now do the same for 'digital health' (investment north of $4 billion in 2016). Other than a few blog posts, there is virtually no intersection. And as for VC focus on the aging demographic?
Partners’ Connected Health Symposium 2016 – note the aging opportunity. Over the years of this event, a session here and a speaker there occasionally talked about an aging society – and what it means. But aging is today’s health business reality. First, the first keynote was about the innovation opportunity – delivered by AARP’s JoAnn Jenkins. The pitch-off event ‘supporting cognitive function as we age’ also included AARP judges viewing submissions of the four finalists – and the Avatar for tracking health and exercise that won. Upcoming: the 2017 merger of this conference into the Personal Connected Health Alliance (PCHA) and its Connected Health Conference event (formerly known as the mHealth Summit). With material from the firms themselves, 2016 innovation winners included:
PHOENIX, AZ, AUGUST 30, 2016— Life365 announced today that Kent Dicks, Founder & CEO of Life365, will speak at four upcoming conferences in anticipation of the companies’ wearable and health management platform release this fall.