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Market Overview for Technology for Aging in Place

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Brown / Hasbro team to design smart robotic companions to assist seniors

11/02/2017

PROVIDENCE, R.I. [Brown University] — A group of academic researchers, led by cognitive and computer scientists from Brown University, is teaming up with a cross-functional team from global play and entertainment leader Hasbro to design a smart robotic companion capable of assisting older people with simple but sometimes challenging tasks of everyday living.

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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.

Intuition Robotics Raises $14 Million Series A Investment Led by Toyota Research Institute

07/11/2017

Ramat Gan, Israel, July 11, 2017-- Intuition Robotics, developer of social companion technologies for positive social impact, announced a $14M A-round investment today led by the Toyota Research Institute (TRI). TRI joins early A-round investors OurCrowd and iRobot as well as existing seed investors Maniv Mobility, Terra Venture Partners, Bloomberg Beta, and additional private investors who participated in the round.

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Robots help improve independence of elderly

06/17/2017

The Yomiuri Shimbun Interacting with communication robots helps elderly people be more independent in their everyday lives, with a recent large-scale trial demonstrating a 34 percent increase in the degree of independent living after such interactions, according to a national research and development agency.

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