“The tech accelerator has aggressively been helping start-ups like True Link find the tools they need to survive and thrive in an industry that’s slow to innovate. It helped True Link attract deep-pocketed investors like Cambia Health Solutions, a nonprofit health insurance company.
Aging 2.0, which was started just two years ago, has already pushed 31 early-stage companies through its one-year program pipeline. It has attracted investors and corporate partners for its start-ups, includingsenior residence operator Brookdale Senior Living and medical supplier Medline Industries.
Besides transforming senior care, which many say desperately needs a makeover, the payoff is also potentially huge. The so-called longevity economy, which serves the needs of Americans over 50, is currently a $7.1 trillion market and composes 46 percent of the U.S. economy, according to Oxford Economics. As baby boomers age, the niche is forecasted to grow to more than $13.5 trillion by 2032.”
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