Nonprofit organization AARP and J.P. Morgan Asset Management have teamed up to form a $40m investment fund that will invest in innovative companies focusing on improving the lives of people 50-plus.
The AARP Innovation Fund will make direct investments in early- to late-stage stage companies developing innovative products in three healthcare related areas:
– Aging at Home—The fund will encourage the development of products and services that leverage technology to enable older adults to continue living in their homes safely and affordably such as: home sensor activity tracking; hearing and vision health; mobility
– Convenience and Access to Healthcare—The fund will support the advancement of products and services that enable 50-plus consumers to adopt positive health behaviors that they welcome into their lives such as: telemedicine; consumer diagnostics; consumer care transparency tools.
– Preventative Health—The fund will seek to expand the market for products and services that help 50-plus consumers prevent the onset of serious health conditions such as: diet and nutrition management; stress and emotion management/therapy; fitness apps and programs; integrated health engagement incentives; cognitive and brain health.
AARP is a nonprofit, nonpartisan organization that supports people and families in fighting for issues such as healthcare, employment and income security, retirement planning, affordable utilities and protection from financial abuse. With a membership of nearly 38 million and staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP also operates via the AARP Foundation, an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors.
FinSMEs
02/10/2015