SINGAPORE: Three teams of entrepreneurs received seed funding and mentorship support on Friday (Dec 4) for solutions they have developed to serve the needs of the elderly.
Teams Altrue, Pillpresso and SoundEye were the top teams out of almost 100 which had participated in the inaugural Modern Aging Singapore initiative, jointly organised by ACCESS Health International and NUS Enterprise.
The top two co-recipients - Altrue and Pillpresso - were awarded S$50,000 each, while SoundEye was given S$25,000.
Altrue is developing sensors to protect bedridden patients from pressure ulcers and infections, while Pillpresso is developing an automated pill dispenser. Meanwhile, SoundEye is working on sensors to detect elderly falling at home.
Modern Aging Singapore was launched in August. During the past four months, more than 500 participants took part in workshops, industry talks and individual mentoring sessions.
NUS Enterprise CEO Lily Chan said: "This initiative highlighted the multi-dimensional needs of the silver sector and encouraged teams to take action."
Going forward, there are plans to hold Modern Aging Singapore on an annual basis, with future expansion in the region.
"I think we're going to see a lot of entrepreneurs coming out of this programme," said Ms Chan. "Other future programmes, we are looking into verticals, so healthcare ageing is one. There are a lot of other verticals we can think about. I think our team is starting to curate some of these verticals, so there will be a lot more coming up from NUS Enterprise."