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Wanted: Great ideas • AARP invests in ideas • Innovations already
Technology changes everything about our lives, including how we age.
Sometimes great new tech ideas need help to rise above the clatter. Since late 2021, AgeTech Collaborative from AARP has sought out companies with great products that make aging easier, burgeoning businesses that need help shaping and in some cases financing their ideas through the start-up stage.
The AgeTech Collaborative invites entrepreneurs to pitch their products or technologies to experienced panels that select a handful of the best from thousands of entrants. Those winners get access to the AgeTech accelerator program, which connects them with professionals who can refine the product and think through how to best deliver it to the market.
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The stakes are high. Older Americans have an estimated $8.3 trillion to spend.
Some of the companies already have proven their worth, raising nearly $700 million combined from investors to develop their ideas while generating more than $150 million in revenue and creating more than 2,000 jobs. But they sought AARP’s help to refine their products for older Americans.
AARP invests in older Americans’ future
The AgeTech Collaborative has about $6 million invested in 83 start-ups to help get better products to market — while generating a financial return for AARP.
AARP measures how many older adults have gained a direct benefit from companies that the collaborative has helped: more than 2 million as of 2023.
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What kinds of companies catch AARP’s eye? Ones like Zibrio, which produces a smart scale to help people improve balance and avoid falls; Prisidio, a tech-forward way to secure your most important documents and information; and Mighty Health, a digital wellness system that is custom-made for people 50 and older.
Some of the companies AARP helps nurture become part of the AgeTech Collaborative ecosystem, an online community of more than 500 start-ups, select investors and others who share a common goal: to provide high-quality and innovative products to serve older consumers.
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