TLDR:
- Canada’s AgeTech Capital aims to raise $50 million for technology targeting the aging population.
- The aging population is seen as a significant transformation in society, driving the need for innovative solutions.
Canada’s AgeTech Capital is focusing on raising $50 million to invest in technology addressing the needs of the aging population. Partner Bruce Simpson emphasized the importance of this sector, referring to the aging population as “the most uncontroversial transformation happening now to our society.” The firm aims to target the “silver tsunami” of aging individuals and provide solutions to improve their quality of life.
Simpson highlighted the increasing demand for innovative solutions in the health and wellness sector, particularly for older adults. The fund will focus on emerging managers and startups in North America, particularly in the USA. This initiative reflects the growing recognition of the opportunities in the AgeTech sector and the need to address the unique challenges faced by the aging population.
