AARP Expands AgeTech Investment Network for Older Adults
AARP has taken a significant step in addressing the technological needs of older adults by launching the AgeTech Investor Network. This initiative, developed in collaboration with AgeTech Capital, connects visionary startups with investors to create innovative solutions that improve aging experiences. With a global economic impact projected to surpass $100 trillion by 2050, AgeTech is quickly becoming a vital industry for both entrepreneurs and consumers.
Supporting Startups with Resources and Opportunities
The AgeTech Investor Network offers robust support to early-stage startups. Entrepreneurs gain access to mentorship, curated investment opportunities, and resources to help scale their businesses. AARP’s accelerator program, part of its larger AgeTech Collaborative, ensures these startups are market-ready. Over the past three years, AARP has invested in more than 100 companies, reflecting its commitment to innovation.
This network is designed to address gaps in the current funding landscape. While many startups struggle to secure adequate funding, AARP’s network connects them with investors ready to back scalable, impactful solutions. By fostering this ecosystem, AARP not only empowers startups but also creates pathways for long-term growth in the AgeTech sector.
Key Areas of Innovation
AARP and its partners focus on several critical areas to enhance the quality of life for older adults:
- Smart Home Technologies: With 77% of older adults preferring to age in place, smart homes equipped with fall detectors and advanced sensors are gaining traction.
- Mobility Solutions: Innovations like exoskeletons are making movement easier for those with physical limitations.
- Brain Health Tools: Technologies that address cognitive decline, such as apps for mental fitness and dementia care, are at the forefront of development.
In addition to these areas, social engagement remains a priority. Virtual reality applications and music therapy are being explored to combat loneliness and foster community connections among seniors.
AgeTech’s Expanding Global Impact
The AgeTech market is growing rapidly. People aged 50 and older in the U.S. alone spent $77 billion on technology in 2022, a figure projected to reach $120 billion by 2030. By embracing this trend, AARP’s initiatives are poised to meet the needs of an aging population while driving economic growth.
AARP’s presence at CES 2025 will highlight over 30 startups in smart home tech, digital health, and lifestyle technology. This global platform underscores the importance of AgeTech as a transformative industry for the future.
By creating the AgeTech Investor Network, AARP is championing innovation that will redefine how people age, ensuring they live with dignity, independence, and access to cutting-edge technology.
