Innovation from companies that have been there, done that. It's intriguing to observe companies that have been in business for a while. Sometimes there is a redirect into a new space or channel (see Philips and its direct-to-consumer approach) and sometimes innovation arrives that may augment an existing portfolio. The market of technology and services for older adults continues to expand (see a near-hysterical Huffington Post article.) So flipping around the cliché that 90% of all startup companies fail, wonder if there is another one -- 90% of all existing tech-related companies launch a tech or a service targeting seniors and caregivers within the next 5 years? Here are five offerings - all text is from the company sites or press releases.
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:
Tel Aviv – July 11, 2016 – Essence, a leading provider of IoT, cloud-based connected living solutions, demonstrated its new Care@Home Voice Panic Detector last month at a series of global telecare and security events. The VPD is the first product in the industry to employ voice recognition technology to give seniors two-way access to emergency response via a simple vocal command.
The future of housing for seniors – or the future of senior housing? Innovators are approaching the tech-enabled future of homes for seniors from multiple directions – support for people with dementia, new approaches to tech in a senior housing campus, new systems for aging at home, and new kinds of age-friendly housing. Innovation is sorely needed -- considering that current approaches to senior housing, whether in assisted living (too expensive) or age-segregated communities (too isolated and/or risky) may not be right for everyone. Here are some other recently noted housing approaches, material is from sites or news:
What are the rules and what are the criteria? Look through these grouped press releases -- all posted here because they (or at least the reminder-to-drink-water concept that is represented) could/should be useful to an older adult or someone who cares for them. It is intriguing that we are at a perceived point in technology utilization for app-to-app communication between an adult child and parent. Also Tochtech is reminiscent ofCookstop, noted here in 2011. Comments are welcome.
VANCOUVER, British Columbia, June 29, 2016 /PRNewswire/ -- Tochtech Inc., a Vancouver-based tech company whose mission is to provide SMART home solutions for safer living, launched its first product, Toch Smarturns on Kickstarter. Utilizing the Internet of Things, motion sensor, wireless and patent-pending technologies, the Toch Smarturns solution transforms existing stoves to SMART stoves, adding intelligence to the kitchen.