35% decadal growth rate of the senior population compared to 17% overall presents a massive and underserved ~$5.5 bn opportunity.
Need to build scalable, community-centric, hyperlocal models aimed at enabling ageing in place.
Loneliness among the elderly a global pandemic - a massive unsolved problem.
Market rife with fragmented solutions focused primarily on healthcare needs.
- Joe Coughlin, MIT Age Labs