MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
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Dear Friends and Colleagues,
My busy summer has continued with my attendance at the Fifth Annual Ziegler LinkAge Fund Symposium in Chicago. I enjoyed meeting with many industry leaders, private clients and new colleagues. And, of course, there were many amazing sessions. Some of my favorites were on diverse revenue and earnings (a critical need for start-ups in the wake of the pandemic); social isolation and tech-based prevention strategies; tech solutions for resident engagement; and technologies needed to train, upskill, and empower staff (a needed topic, with workforce retention set to be critical in the decade to come).
I also had a wonderful time teaching Women in Leadership at SCU this summer with noted angel investor and serial entrepreneur, Anu Shukla. We took a deep dive into issues such as diversity, inclusion and equity, business planning and strategy, work/family balance and innovation, investment and entrepreneurship. It was great to be back in the classroom again and learning from the students, the speakers and the readings. A class is a great way to refresh and develop a new perspective on life and business.
For those who still have a summer vacation ahead, I have a few good books on my reading list:
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The Metaverse and How it Will Revolutionize Everything by Matthew Ball
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Why Zebras Don't Get Ulcers: The Acclaimed Guide to Stress, Stress-Related Diseases and Coping by Robert Sapolsky
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Rethink: Smashing the Myths of Women in Business by Andi Simon
Enjoy your last few weeks of summer! We are gearing up for a great fall season.
Warmly,
Mary
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Table of Contents:
- MFA Events
- What's Next Longevity Innovation Summit Dec 7-8
- MFA Podcasts
- Smart Home Solutions
- Focus on FemTech
- Adventures at Any Age
- Innovation and Inspiration
- Funding News
- Corporate Updates
- Events and Opportunities
- Books, News, and Reports
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What's Next Longevity Innovation Summit, December 7-8
Traditionally held at the National Press Club in Washington, DC, the 2022 What’s Next Longevity Innovation Summit will be a hybrid event comprising two days of speaker panels, keynotes, networking breakouts, and a pitch for distribution session. With the theme of Innovation and Policy in the Care Economy, we will address the crisis of care in senior housing and home care, public/private partnerships, regulatory issues facing the longevity ecosystem, leading-edge technology solutions improving the quality of life for older adults, and additional relevant topics. The full agenda will be posted on the summit website soon!
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What’s Next Longevity Deal Talk |
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Smart Home Solutions – Companies big and small are vying to become leaders in smart home technology to enable older adults to live more safely and comfortably and give relatives and caregivers peace of mind. From AARP Innovation Labs, Rick Robinson joins Mary and Fred along with Tyler Thompson of Second Century Ventures, Scott Moody of K4Connect and Dave Watkins of Livindi. And they offer tips for entrepreneurs and investors.
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Focus on FemTech – Hear all about FemTech! Mary and Fred are joined by Lanie Yeung, the winner of the fast pitch competition from the FemAging Project and Keiretsu Forum (Hydro Gummy), Sasha Spellman from the AgeTech Collaborative at AARP, and Magnify Ventures co-founder Julie Wroblewski.
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What’s Next Living Longer Better Smarter |
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Adventures at any Age – iN2L co-founder Jack York and crew are embarking on an adventure to travel the country with a mobile studio capturing the stories of older adults in senior living facilities. And you’ll be finding TaleGate on Saltbox TV. Jack and Saltbox TV co-founder Jerry Goehring join Mary and Fred on episode 35 of What’s Next Living Longer Better Smarter. And then stay tuned for CTA Foundation head Steve Ewell on the F.D.A. opening the door to over the counter hearing aids and the foundation’s Eureka Park Accessibility Contest.
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Innovation and Inspiration – Innovation and inspiration is coming from everywhere, from large corporations to high school students. Mary and Fred talk with GM’s OnStar Marketing Director Laura Thornton about bringing OnStar into the home and everywhere else at an affordable price for older adults and their families. Then, T-Mobile Senior Manager of Communications Steve Carlson outlines the latest plans, services, and devices that can benefit older adults. Finally, we’re joined by teens Jacqueline Teague and Amelie Beck to learn about how their MedTechConnect is making vaccinations and telehealth appointments easier to access.
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Funding News
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Sage, which offers technology that improves nurse call systems in senior care facilities, raised $9 million in seed funding led by Goldcrest Capital.
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Senior living platform Serviam Care Network acquired SeniorVu and announced the launch of a new platform called Via.
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London-based mobility product provider WeWalk raised over £1.5 million in funding from institutional and individual investors.
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Remote patient monitoring company Verustat acquired chronic care software company One Healthcare Solution for an undisclosed amount.
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China-based Sironax raised $200 million in Series B funding led by Gaorong Capital and Yungeng Capital for its development of treatment of age-related degenerative diseases.
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Cleerly raised $192 million in Series C funding led by T Rowe Price and Fidelity Management and Research Company for its technology that catches heart disease earlier.
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Inflation Reduction Act Includes Historic Measures to Lower Prescription Drug Prices
“At a time when so many Americans are struggling with rising costs of everyday essentials like groceries and gas, the Inflation Reduction Act of 2022 signed into law by the President is historic legislation that will lower the prices of prescription drugs and put money back in the pockets of seniors,” says Nancy LeaMond, AARP’s Chief Advocacy & Engagement Officer, in her recent blog. Read more to find out when the prescription drug policies take effect and what consumers can expect.
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GetSetUp Expands Job Services & GetSetUp Accelerator Winners Gain Media Attention
Plus, GetSetUp is expanding its services to assist government partners to access grant funding for job services. The company is ramping up its job assistance programs to assure older adults can address rising costs and inflation with opportunities to work. Job services include grant-aligned skills training (like SCSEP), customized reskilling and upskilling programs, skillset coaching offers, one-on-one career counseling services, and train-to-hire services.
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New Developments at MeetCaregivers
This month, MeetCaregivers began a partnership with Elizabeth Seton Residence, a nursing home in Wellesley, Massachusetts. It will send LPNs and CNAs as needed to bolster staffing and get the nursing home back to full resident capacity. MeetCaregivers also recently expanded service to NY state under a national contract with Sunrise Senior Living. Additionally, at the beginning of August, the MeetCaregivers team attended the Florida Health Care Association's annual Conference and Tradeshow alongside some of the biggest names in national health services. Finally, MeetCaregivers published an article about the impact of social determinants of health on seniors, which you can view here.
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OdessaConnect Joins Forces with BlueStar Telehealth to Provide RPM Through the TV
BlueStar Telehealth, a Rockville-based provider of telehealth services, and OdessaConnect, a Louisville-based company who specializes in senior-friendly technology, announced a partnership to launch a television-based Remote Patient Monitoring (RPM) platform. Learn more about this exciting partnership!
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Ziegler Link-Age Holds Annual Symposium
Ziegler held its annual Ziegler Link-Age Fund Symposium in Chicago the final week of July. With nearly 170 attendees (including Mary Furlong), the daylong event featured innovation, technological advancement, creative partnerships, and solutions to some of today’s greatest challenges within the sector.
In Ziegler client news...
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Artifcts Expands Its Offerings
Artifcts is expanding its reach into the world of "stuff" by adding TV-star and author Matt Paxton to our Advisory Board, and kicking off a new pilot with Heritage Auction House. Artifcts members can now click the "What's It Worth'' button on their Artifcts to get a free, no obligation valuation. Check it out in the MFA online store!
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Events and Opportunities
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The AARP Innovation Lab is hosting its August Open Mic Challenge on August 26, 2022 from 4-6pm ET. Start-ups can apply to pitch in this competition and winners will become eligible for an invitation to the AARP Accelerator Program.
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The Techstars Future of Longevity Accelerator is accepting new applications through September 28, 2022.
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The Saskatchewan Health Research Foundation is partnering with CABHI to offer the SHRF Focus Innovation and Impact Grants on Virtual Care, which seek to fund innovations that address health needs in Saskatchewan. Applicants must complete the eligibility check by September 29, 2022.
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The Alzheimer’s Drug Recovery Foundation launched a new phase of its Diagnostics Accelerator Program and is also accepting applications for core funding, with letters of intent due September 30, 2022.
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Explore National Institute on Aging (NIA) funding opportunities that may be a fit for your business.
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