Market Overview for Technology for Aging in Place

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fall prevention, fall detection

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fall prevention, fall detection

Seven technology offerings from 2017 Silicon Valley Boomer Venture Summit

Startups and pitches – for funding and more.  Last week was the start of a boomer-senior two week marathon – the 2017 Silicon Valley Boomer Venture Summit, Business Plan Competition and associated pre-conference Boot Camps – to be followed this week by TechDay at IAGG 2017.  Here are seven that played a role at the Silicon Valley event in Berkeley, some just (barely, and not yet) starting, some related to the needs, including manufacturing, for startups. The material is extracted from the content of these companies:

IGUARDFIRE FINDS A UNIQUE WAY TO HELP DETECT IF SOMEONE HAS FALLEN IN THE HOME

07/01/2017

iGuardFire’s new innovative iGuardStove device shuts off unattended cooking using their patented motion sensing technology and now they’ve introduced the Activity Monitor, as an additional value added feature to the iGuardStove

The Activity Monitor can alert you when it doesn’t see any motion in the kitchen for a 3-hour period.  You can choose to receive either an email and/or text alert after that period suggesting you should check in on your loved one. 

Reflexion Health Wins Home Care 100’s Most Promising New Technology Award

02/21/2017

Home Care 100, the preeminent leadership and strategy conference for top executives from the nation’s largest home care and hospice providers, awarded Reflexion Health with the Most Promising New Technology award at today’s general session.


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 2.0 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: 

Blue Willow Systems Highlights Wearable Technology for Elders

10/14/2016

Debuted just last month at the prestigious NIC Conference in Washington, DC, Blue Willow is already causing a buzz in the senior living and health care space. In a recent issue of Forbes Magazine (9/28/16), the discussion is around three industries that will be transformed by intelligent technology, including health care. Blue Willow is poised for that revolution.

Louisville cultivates innovation that benefits aging adults

Innovation featured in Louisville, Kentucky.  Louisville, known for the Kentucky Derby and Bourbon, has also emerged as one of the aging care headquarter cities in the US, with some of largest providers of aging care services -- like Kindred, Signature, Atria, as well as Humana and Delta Dental, among others.  This is the third year of the Louisville Innovation Summit – which provides a platform for the sponsoring organizations as well as a forum for startups and an innovation competition.  Announced by the city's mayor Greg Fischer at the event, Louisville was just named as an Age Friendly Communities by one of the event's sponsors, AARP, using the framework that originated by the World Health Organization  Among those exhibiting were Pharmerica, GrandCare, and LifeBio. The event also included some of the very (very) newest. All information is from the companies' or Summit website):

Reflexion Health raises $18M for FDA-cleared, Kinect-based physical therapy programs

06/23/2016

San Diego-based Reflexion Health, which offers physical therapy programs that leverage Microsoft Kinect for Windows, has raised $18 million in its series B round of funding from undisclosed investors.

Sensor-tech university research, beloved by media, not by markets

Americans are worried about the risk of seniors falling.  It’s a YARP ("Yet Another Research Project"). Yay.  Carnegie Mellon researchers have provided this 2016 insight based on a survey -- accompanying their engineering project to 'solve' the problem. Coined to describe those special projects run by professors and grad students who appeared to have no access to the Internet to see what others have already developed and commercialized. But they have significant grant money that has yet to run out.

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