GuideWell Scale Up Accelorator Now Launching Aging in Place Apply by December 8, 2019

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Aging in Place

The GuideWell Scale Up Accelerator is an eight-week technology accelerator program focused on “scale up” health technology companies.

In Partnership with

FIBA (Florida-Israel Business Accelerator) logo

Overview

GuideWell is interested in growing health technology ventures that have the opportunity to solve big problems and reach large markets in the U.S. health care industry. For the Spring 2020 cohort, we are seeking innovative technology companies with novel approaches that enable America’s rapidly growing senior population to “Age in Place”.

Topic Area

The Centers for Disease Control and Prevention defines Aging in Place as “the ability to live in one’s own home and community safely, independently, and comfortably, regardless of age, income, or ability level.”

For the Spring 2020 cohort, GuideWell is seeking innovative technology companies with novel approaches that enable America’s rapidly growing senior population to “Age in Place.”

Seniors strongly prefer living at home, even in cases where physical or cognitive decline makes it difficult to live independently. There are many studies that show seniors are happier and healthier if they’re able to remain in their homes instead of moving into assisted care facilities.

Today most assistance is provided by family members, including spouses, partly due to the high costs of facility-based long-term care. In addition, there will be fewer family members available to help the next generation of older adults because of the rise in single-person households as well as the number of adults living without children.

Did you know?

  • Population Growth

    According to the U.S. Census Bureau, the number of Americans over 65 will grow from 35 million in 2000 to over 71 million by 2030. This translates to almost 20% of the US population being over age 65 by 2030.

  • Household Icon

    According to Harvard’s Joint Center, the number of households with at least one senior having a self-care disability will reach 12 million by 2035.

  • Median Income

    The median monthly cost for a home-health aide working five days per week is $3,813, which is unaffordable for many seniors or their families.

Topic Area

The Centers for Disease Control and Prevention defines Aging in Place as “the ability to live in one’s own home and community safely, independently, and comfortably, regardless of age, income, or ability level.”

For the Spring 2020 cohort, GuideWell is seeking innovative technology companies with novel approaches that enable America’s rapidly growing senior population to “Age in Place.”

Seniors strongly prefer living at home, even in cases where physical or cognitive decline makes it difficult to live independently. There are many studies that show seniors are happier and healthier if they’re able to remain in their homes instead of moving into assisted care facilities.

Today most assistance is provided by family members, including spouses, partly due to the high costs of facility-based long-term care. In addition, there will be fewer family members available to help the next generation of older adults because of the rise in single-person households as well as the number of adults living without children.

Did you know?

  • Population Growth

    According to the U.S. Census Bureau, the number of Americans over 65 will grow from 35 million in 2000 to over 71 million by 2030. This translates to almost 20% of the US population being over age 65 by 2030.

  • Household Icon

    According to Harvard’s Joint Center, the number of households with at least one senior having a self-care disability will reach 12 million by 2035.

  • Median Income

    The median monthly cost for a home-health aide working five days per week is $3,813, which is unaffordable for many seniors or their families.

Criteria

A critical goal for the 2020 Scale Up Accelerator is for GuideWell to identify a diverse portfolio of innovative approaches that enable seniors to maintain a healthy, happy lifestyle within their home and their community. GuideWell is particularly interested in solutions around the following themes:

  • Novel approaches to increase the affordability and accessibility of health care for seniors that are economically challenged, or that are cared for by a working family member

  • Easy-to-use solutions that enable seniors to improve overall physical and emotional wellness

  • Solutions that connect seniors into their communities

  • Solutions that empower seniors to easily conduct lifestyle tasks in a manner that eases the burden on family members caring for them

Eligible companies must be able to meet our minimum “Scale Up” requirements. A Scale Up is a growing technology startup that has clear traction in its chosen marketplace. Traction can be demonstrated by one or more of the following:

  • A minimum of $500,000 in revenue earned for 2018

  • A minimum of $500,000 of capital raised

  • Verifiable (reference required) customer pilots

  • Accelerating product adoption (especially for consumer-focused solutions)

Important Dates

  • Feb 24: Aging in Place Innovation Showcase (Orlando)

  • March 18 - April 1: Ongoing virtual mentoring sessions, weekly virtual workshops, pitch preparation

Check Out Our 2019 Accelerator Program

2019 Summer Scale Up Cohort

20Lighter (Delray Beach, Fla.): A holistic, lifestyle transformation solution incorporating cutting edge, industry leading health and quality of life outcomes leading to a healthier, happier life experience.

AireHealth (Orlando, Fla.): Revolutionary care management and drug delivery for respiratory illness via a connected-portable nebulizer. 

Azzly (Orlando, Fla.): An affordable, electronic health record and revenue cycle management system specific to addiction treatment and behavioral health care.

Corstrata (Savannah, Ga.): A specialized Nurse2Nurse Consultations for the management and prevention of complex and chronic wounds for post-acute care providers.  

Evren (Newberry, Fla.): Wearable neurostimulation therapies for the treatment of post-traumatic stress disorder (PTSD). 

Healthy Bytes (Winston Salem, N.C.): An online claims management platform for a national network of registered dieticians.

Heno (Orlando, Fla.): A full-service practice management solution focused on physical and occupational therapy practices.

Hello Jessie (New Orleans, La.): Backed by Cedars-Sinai and Techstars, provides care coordination and access to today’s leading women’s virtual care services. 

Resility Health (Jacksonville, Fla.): A digital health company with a mission to unlock each person’s power of resilience to achieve peak performance and improve their physical and mental health in the face of stress. 

RxLive (Tampa, Fla.): A nationwide telehealth platform of clinical pharmacists delivering concierge medication counseling to provider’s patients, employer groups, and consumers.

Tao Connect (St. Petersburg, Fla.): An online behavioral health company with a proprietary AI-driven cloud platform comprised of interactive modules designed to expand the delivery of behavioral health care services

About GuideWell Innovation

GuideWell Innovation, a subsidiary of GuideWell Mutual Holding Corporation (GuideWell), drives collaborative innovation for the family of forward-thinking companies that make up GuideWell. Headquartered in Orlando’s Lake Nona Medical City, GuideWell Innovation focuses on transforming the health system into a more integral and useful part of people’s everyday lives by fast tracking the delivery of next generation health solutions. For more information, visit GuideWellInnovation.com.

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