AARP launches AgeTech Collaborative
AARP has launched the AgeTech Collaborative, a new platform to help “AgeTech” innovators generate “big new ideas and send thriving products” into what’s now an “$8.3 trillion economy driven by those who are age 50 and older.”
The AgeTech Collaborative is launching with nearly 50 participating startups, six testbeds where companies can trial their products, more than ten major investors and venture capitalists, several top companies with a stake in the 50-plus community, and service providers helping catalyze startups’ work with tools and services. Investors and venture capitalists include QED Investors and Revolution Ventures; industry leaders include Walgreens, T. Rowe Price and the National Association of Realtors; testbeds such as the Massachusetts eHealth Institute, ADF, and ThriveWell Tech; and business services like Cooley and MassChallenge.
“COVID radically grew the world’s reliance on technology, a shift that’s especially notable among people 50-plus. The AgeTech Collaborative is more than an event or forum – it’s an ecosystem, a one-stop destination, and a sustained effort to make the promises of AgeTech a reality. Everyone 50-plus, families and caregivers will be the ultimate beneficiaries of new, better products and services for the second half of their lives.” – Andy Miller, AARP SVP of Innovation and Product Development.
“There is a pressing need for products and services that help people make informed choices about how they live as they get older. We want people to make better financial decisions, save for retirement and feel empowered to have financial resiliency. That is why we’re so excited by the efforts of AARP’s AgeTech Collaborative. AARP is bringing together VCs, industry leaders and entrepreneurs, providing innovative fintech startups the funding and support they need to build truly world-class disruptive companies that will meet the needs of the growing AgeTech community.” – Nigel Morris, managing partner of QED Investors.