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PRESS RELEASE from provider: Globe Newswire
This content is a press release from our partner Globe Newswire. The AP newsroom and editorial departments were not involved in its creation.

The Longevity Revolution: How the Rapidly Expanding Aging Population is Generating Entrepreneurial Opportunities

March 13, 2019

CAMBRIDGE, Mass., March 13, 2019 (GLOBE NEWSWIRE) -- Startup opportunities abound in the new world of tech assisted aging.

As the average life expectancy rises, a massive shift in the demographics of aging is having profound effects throughout the economy. The 50+ year-old population today controls almost 80% of US aggregate net worth. Increasingly tech savvy, this group spends more money online than Gen X and Gen Y consumers combined. As women and men alike redefine expectations for later life, they are leveraging their health and wealth in ways that were unimaginable only a few years ago.

These dynamics are creating unprecedented entrepreneurial opportunities. From new healthcare and social services to novel hardware and software solutions, this shift represents an $8 trillion market in US alone. The desire to age well while living a more connected, healthier and fulfilling life is fueling accelerating demand for tech-enabled innovations.

To dig into these trends, MIT Enterprise Forum (MITEF) Cambridge is partnering with AGENCY – a co-working space for collective impact where innovators focused on aging and longevity can grow their companies – to present The Longevity Revolution is Here. Set for the Cambridge Innovation Center on Thursday, April 11, moderator Jody Holtzman, a leading tech and aging strategist, thought leader and senior managing partner of Longevity Venture Partners, aims to uncover the opportunities generated by the Longevity Economy during an interactive session with top industry experts including:

-- Moulay Elalamy, Vice President, IT, Benchmark Senior Living -- Codi Gharagouzloo, CEO, Imaginostics -- Phil Lambert, Senior Vice President, Discovery and Labs, Life Biosciences -- Kendra Seavey, Clinical Administration Director, care.coach

With AGENCY Cofounder and Global Launch Director Danielle D. Duplin hosting the evening, the panel will delve into a range of topics affecting the new longevity frontier while exploring how entrepreneurs can meet the demands of an aging population by addressing issues. These include:

-- lifelong engagement and aging in community -- medical care -- economic security -- service-enriched housing -- mobility -- assistance with activities of daily living -- age-friendly products that are designed without stigma -- radical advances in brain health and chronic disease management

“The longevity economy is fundamentally transforming how we think about aging,” said MITEF Cambridge Executive Director Katja Wald. “By partnering with AGENCY to highlight new products and services that can impact our daily lives, we’ll shine a spotlight on how the innovation community is fueling many of these profoundly important social and business trends – to the benefit of startups and the aging population.”

Event Details:

The Longevity Revolution is Here Thursday, April 11, 2019 Cambridge Innovation Center 245 Main Street, 3rd Floor Mosaic Room5:30 - 6:00 p.m. - Registration & networking (light refreshments served)6:00 - 8:00 p.m. - Welcome & panel discussion8:00 - 9:00 p.m. - Beer, wine & networking Registration and more information are available online. This event will be live-streamed - select the live-stream ticket option during checkout.

The evening is made possible by sponsors Caldwell IP, CHEN PR, Hamilton, Brook, Smith & Reynolds, Morse Barnes-Brown Pendleton, Withum Audit Tax Advisory and Wolf Greenfield.

About the MIT Enterprise Forum Cambridge

The MIT Enterprise Forum Cambridge is the founding chapter and one of 27 worldwide chapters comprising the MIT Enterprise Forum, Inc. Celebrating its 40th anniversary of offering more than 40 programs and events annually that inspire innovation, MIT Enterprise Forum Cambridge initiatives facilitate critical one-on-one mentoring while providing team services that increase the skills and expertise necessary for entrepreneurs to succeed.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7e5754da-f8fc-49e4-be9f-30f7ff696413

MITEF CONTACT: Katja Wald MIT Enterprise Forum Cambridge 617-253-8238 kwald@mit.edu PRESS CONTACT: Gabrielle Kondracki CHEN PR for MIT Enterprise Forum Cambridge 781-672-3113 gkondracki@chenpr.com