#nictalkschat january 22, 2016 - national investment center€¦ · january 22, 2016 seniors’...

#NICTalksChat

Welcome to Live #NICTalksChat w/@ChrisEdell, CEO and Co-Founder, @ElevarCo. The chat will go from 1 PM - 2 PM ET, we welcome your thoughts

Chris Edell @ChrisEdell

@Natl_Inv_Ctr and thanks for having us! we are excited for this chat

Q1: Is seniors care becoming an industry of interest for entrepreneurs and venture capitalist? #NICTalksChat @ChrisEdell @ElevarCo

January 22, 2016Seniors’ Care the Next Unicorn for Start-Up’s?

Q2: What new products/services do you think will have the biggest impact on the aging population? #NICTalksChat @ChrisEdell @ElevarCo

#NICTalksChat Q1: @ElevarCo’s research has indicated a rising interest in venture capitalinvestment for senior care, given the market size opportunity...

#NICTalksChat Q1: Nearly 1 out of 5 Americans will reach retirement age by 2030, of which 50% will have access to a smartphone device...

#NICTalksChat Q1: Boomers also represent 80% personal asset $. This population will requireeventual caregiver support from relatives & professional services.

@lmariettaf Q1:#NICTalksChat Think there is a real opportunity for wearables & smart home tech @ChrisEdell

@lmariettaf #NICTalksChat Absolutely! We are already starting to see some players in this space. The trick will be correct user interfacing.





January 22, 2016Seniors’ Care the Next Unicorn for Start-Up’s? #NICTalksChat

#NICTalksChat Q2: Products/ svcs that will have the biggest impact on aging population incl caregiver support tools & medical adherence apps



#NICTalksChat Q2: These innovations will have the most direct effect on daily schedule/lives of this demo as they age/require further support


#NICTalksChat Q2: This is definitely a huge opportunity for #DigitalHealth startups and sure to be addressed at future @ElevarCo Labs

Q3: What challenges can start-ups entering the seniors care market expect to face? #NICTalksChat @ChrisEdell @ElevarCo


#NICTalksChat Q3: Biggest challenge startups face entering the senior care mkt will be establishingtrust, recognition & adoption w/ the pop


#NICTalksChat Q3: w/younger demos/audiences, @ElevarCo has found that marketing can beachieved thru social media & emerging product channels


#NICTalksChat Q3: But targeting a sr market requires building partnerships w/established HC/seniororganizations & connecting w/ caregiver


#NICTalksChat Q3: These stakeholders are more cautious to champion new/emerging innovations@ElevarCo helps w/ these enterprise relationships

Q4: How can #startups (industry disruptors) affect the existing seniors living community structure? #NICTalksChat @ChrisEdell @ElevarCo


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#NICTalksChatChris Edell @ChrisEdell

#NICTalksChat Q4: #DigitalHealth startups can play key role in developing social solutions thatengage stakeholders in caring process for SRs


#NICTalksChat Q4: #DigitalHealth can also leverage ‘crowdsharing’ models that can identify/accessnearby medical/caregiver support on-demand


#NICTalksChat Q5: Startups should develop strong partnership w/ an influential org/enterprise thataddresses the needs of SRs today, ie AARP


#NICTalksChat Q5: These companies can provide ‘Good Housekeeping Seal of Approval’ as wellas access to a volume of potential furture-users


#NICTalksChat Q5: @ElevarCo we emphasize this access to customers & scale...it’s power of enterprise partnerships and deals for #startups

Q5: What are the best ways for #startups to establish themselves in the seniors housing & care sector? #NICTalksChat @ChrisEdell @ElevarCo

Q6: What makes a #startup attractive to investors in the seniors housing & care sector? #NICTalksChat @ChrisEdell @ElevarCo


#NICTalksChat Q6: They’re looking for new innovations that improve customer experience while reducing admin costs of performing that service


#NICTalksChat Q6: We advise @ElevarCo #digitalhealth #entrepreneurs if BOTH can be achived,that’s a compelling value prop for any #startup



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#NICTalksChat


#NICTalksChat Q7: As Boomers age, they’ll cont to place more trust in family members/caregivers/physicians/medical professionals for advice


#NICTalksChat Q7: If these people in their ‘social network” of care strongly vouches for a newinnovation, they’ll be more inclined to adopt


@CareMonster great question. Most startups are focused on D2C but there is a real opportunity tobe had enterprise side as well #NICTalksChat

Q7: If we build it will #Boomers embrace it? How do we get Boomers to embrace new products/services? #NICTalksChat @ChrisEdell @ElevarCo

Carely @CareMonster

@ChrisEdell agree. Social validation is huge for the boomer demographic and we see it helpingsignificantly with adoption. #NICTalksChat

Carely @CareMonster

@ChrisEdell Are you seeing more west coast VCs taking a look at this space than a year ago?#NICTalksChat

Carely @CareMonster

@ChrisEdell is the focus more on consumer health (ie @honor) or on the enterprise side?#NICTalksChat

Carely @CareMonster

@ChrisEdell agreed, Especially in Aging. Including the enterprise in the bus. model is huge, mstlyuntapped, opportunity. #NICTalksChat

Thank you @ChrisEdell of @ElevarCo for your time this afternoon, we appreciate your candid insight and participation in the #NICTalksChat



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#nictalkschat january 22, 2016 - national investment center€¦ · january 22, 2016 seniors’...

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