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Market Overview for Technology for Aging in Place

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Silicon Valley Boomer Venture Summit Names Noctrix Health the 2016 Business Plan Competition Winner

The Thirteenth Annual Business Plan Competition of The Silicon Valley Boomer Venture Summit concluded with the $10,000 prize being presented to Shriram Raghunathan, Co-founder of Noctrix Health, an early-stage medical device company focused on developing a revolutionary therapy for a chronic illness.


The 13th Annual Summit was held on June 25th, 2014. The Summit pairs investors with entrepreneurs who can bring innovative products and services for the longevity economy to market.


“For the 13th year, we have assembled a unique community of entrepreneurs, investors and for profit and non-profit partners who are creating value for boomers, seniors and caregivers with their innovative companies,” said Mary Furlong, CEO of Mary Furlong and Associates and Producer of the Silicon Valley Boomer Venture Summit. “It is exciting to see the market grow and the talent migrating to the longevity marketplace. It feels like the Internet in 1999.”


Shriram Raghunathan presented the winning business plan for Noctrix Health’s wearable medical device used to treat the symptoms of restless leg syndrome, which affects over 8 million adults in the United States. Noctrix Health is a Stanford Biodesign spinoff that intends to commercialize a wearable medical device that harnesses the power of neural circuitry to relieve symptoms and thereby facilitate undisturbed sleep.


“Our 2016 Boomer Venture Summit business plan competition winner, Noctrix Health, has designed an innovative medical device to treat a chronic condition faced by millions of aging Americans,” said Gavin Teo, Partner at B Capital Group and 2016 Business Plan Competition judge. “This is the kind of ambition and vision for improving healthcare that has established the summit as a leading conference for startups in the longevity economy.”


Judges for the Business Plan Competition included: Leslie Bottorff, Managing Director, Healthcare, GE Ventures; Aaron Flink, Principal, McKesson Ventures; Jody Holtzman, Senior Vice President, Market Innovation, AARP; Jeff Lee, Principal, DCM Ventures; Jim Murphy, Vice President, Medicare & Retirement, UnitedHealthcare; Scott Smith, Founder & Partner, Managing Director, Viant Group; and Gavin Teo, Partner, B Capital Group.


The Keynote Speaker for the 2016 Summit was Dr. Ken Dychtwald, Founder & CEO, Age Wave. He provided a glimpse into the future by exploring: how people will use their newfound longevity; how a cyclic life plan will replace the traditional linear model and what that does to brand loyalty; how the aging boomers will re-invent retirement and transform the family, work, health, housing, leisure, giving/purpose and money; and what industries are poised for explosive growth. Please find a link to his keynote speech here: https://www.youtube.com/watch?v=HM5j86p1jBU


For more information and to follow the conversation, please visit http://www.boomerventuresummit.com, follow us on Facebook, @SiliconBoomer, #SVBoomer.


This conference was produced by Mary Furlong and Associates, Lori Bitter/The Business of Aging, and Susan Davis International. 

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Friday, July 22, 2016