Scrum Studio Inc., in partnership with Hakuhodo, announces the launch of AgeTechX, a visionary open innovation program dedicated to helping scale and grow startups developing products and solutions working to revolutionize the $2 trillion field of aging-related technology and services by collaborating with Japanese corporations.
Demographic Shifts Drive Need for AgeTech Innovation
According to the World Health Organization, there is a significant demographic shift on the horizon: by 2030, one in six individuals globally will be aged 60 or older, with the world’s population of people aged 60 and above expected to double to 2.1 billion by 2050. Moreover, the number of individuals aged 80 or older is projected to triple by 2050, reaching a staggering 426 million. This demographic transformation presents an enormous opportunity for startups to pioneer innovative solutions catering to this growing aging population.
“In a world where the aging population is on the rise, we started AgeTechX to encourage innovation, uniting startups and industry pioneers to shape the future of aging-related technology and services, ” said Yuya Watanabe, Program Associate with Scrum Studio. “Together with our partner, Hakuhodo, we invite the world’s most visionary entrepreneurs to join us on this transformative journey towards a healthier and more connected 100-year life.”
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“The mission of the Hakuhodo Senior Business Force is to expand our DNA of ‘sei-katsu-sha thinking’ to ‘100 years of sei-katsu-sha thinking’ to gain deeper insight into individual seniors and create new values,” said Jun Matsuda from Hakuhodo Senior Business Force. “Our mission is to create value through deep insight into seniors. AgeTechX aims to create businesses that solve the problems of Japan’s aging society together with startups from around the world that have new ideas and technologies. We hope to create a prosperous society where people want to live to be 100 years old.”
Program Connects Startups with Japanese Corporates to Encourage Innovation
AgeTechX is a groundbreaking global initiative between Hakuhodo, renowned for its expertise in senior consumer-oriented ventures, and Scrum Studio, an affiliate of Scrum Ventures known for its commitment to fostering innovation, designed to ignite innovation by connecting startups from around the world with cutting-edge technologies and applications across diverse sectors. With the participation of industry experts and forward-looking municipalities, this program is poised to catalyze dynamic collaborations between startups and Japanese corporations spanning various industries.
The ‘AgeTechX’ initiative will focus on the following key areas:
- Anti-Aging / Care
- Regenerative Medicine
- Treatment, Regenerative Medicine
- Empowered Independent Living / Cognition
- Personalized Health Management
- Connected Care and Support
- Lifelong Learning and Enrichment
- Economic, Life Planning
Startups from around the world are invited to participate in this transformative program, which offers selected candidates a unique opportunity for business co-creation alongside leading corporations. Participants will also gain access to a series of enriching events, including kickoff sessions and demo days meticulously designed to accelerate their growth and impact.
‘AgeTechX’ seeks collaborative ventures with diverse industries, corporations, and municipalities dedicated to nurturing a society enriched by technology-powered well-being and healthy aging. Companies aspiring to explore innovative solutions and address societal concerns through regional Proof of Concept (PoC) initiatives are encouraged to engage. The program offers comprehensive support, aiding exceptional startups in establishing a presence in Japan. The Studio programs boast a track record of helping startups enter the Japanese market with two previous Studio participants entering the market.
SOURCE : PRNewswire