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12/10/2016

 Standards have to be agreed and adopted for markets to take off.

12/09/2016

One senior living provider has launched a full-blown technology overhaul.

12/08/2016

In 2015 life expectancy at age 65 was 20.6 years for females and 18.0 years for males, both unchanged from 2014. 

12/03/2016

Aspire Health software aspires to do so.

11/29/2016

The still-private company is now generating over $250 million in annual revenue.

Market Overview for Technology for Aging in Place

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Seniors

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Seniors

We still don't have insurance to protect from a disruptive technology future

We buy many insurances – just in case.  Car, homeowners, apartment, flood, personal liability – all are hedges against the unknown and unwanted.  Seeing a business opportunity, insurers created a long-term care insurance market for a benefit the customer might not need for another 25 years. We can buy a service contract to cover repairs of our appliances.  Yet so it continues that when we purchase technology, carrier, or software services, the offering changes ever more quickly -- and our technology becomes obsolete. So we toss the products (and services) into the soon-forgotten gadget graveyard with 135 million mobile phones discarded in 2010 alone -- the last date for which there are EPA statistics.

True Link Launches Tech-Enabled Investment Advisory Service for Retirees

11/22/2016

True Link Financial, the leading financial services provider for seniors, today announced the completion of a $3.6 million round of funding with participation from Kapor Capital, Initialized Capital, Symmetrical Ventures, and the Ziegler Link-Age Longevity Fund, LP. This investment brings True Link’s cumulative funding to $7 million in equity and venture debt since the company’s launch in 2012.

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Like polls, health tech market size and savings could be wrong

In a week where polls were so wrong, predictive science may be shaken.  Watching pollsters apologize this week for missing the obvious, folks wonder if the polling process has flawsPew Research concluded: most pollsters 'underestimated' support for the eventual winner. Duh. Were these polls out of whack due to 'nonresponse bias'-- that certain types of people don’t respond to surveys?  Are non-responders a 'type' or were they were becoming grumpy at the phone's frequent ringing, listening to the hum of the robocaller connections to live pollsters?  And if so much money was spent on conducting polls and research that did not predict the outcome, how about polling and surveys that track and predict technology uptake, particularly in the much-hyped category of digital health? 

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 20 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: 

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):

Five tips for startups and enterprises with 2016-2017 offerings

It’s timely – we are entering the competition/event season.  School has started and so has the search for innovation.  To name a few: Stanford has launched a design competition for Innovating Aging in Place. And the day approaches for the Aging 2.0 Global Search Finalists to present. Meanwhile the CTA (Consumer Technology Association) Foundation launched its video contest for startups who want booth space at CES; and the Louisville Innovation Summit announced its pitch finalists. And those are just those in the older adult market segment, not even counting what may be initiated by LeadingAge or Argentum in senior housing or the plethora of upcoming health-related innovation conferences.

CTA Foundation Launches Contest for Startups Improving Lives of Seniors and People with Disabilities

09/14/2016

ThThe Consumer Technology Association (CTA)™ Foundation, partnering with Extreme Tech Challenge, today announced the second annual video contest focused on startup companies with technologies that improve lives.

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