Globally, the ageing population is increasing at an unprecedented rate. By 2060 one in three Europeans will be over 65. This demographic shift presents a challenge as well as an exciting commercial opportunity as the Silver Economy emerges as a new market.
Innovative technological approaches are needed that cater to the needs and aspirations of older adults, empowering them to continue to lead independent lives and play an active role in society, whether that be at home, work, education, or in their community.
The Active and Assistive Living (AAL) Programme is a €700 million funding initiative focused exclusively on developing ICT solutions for active and healthy ageing. The overall objective of AAL is to enhance the quality of life of older adults while strengthening the industrial base in Europe through the use of ICT.
Since 2008, AAL has funded more than 190 trans-national innovation projects with over 1000 partners. Through its funding the AAL Programme helps to bring new ICT-based products, solutions and services onto the market.
The AAL Programme is seeking innovations in internet connected devices and technologies (Internet of Things) that will empower older adults to achieve the quality of life they aspire to, socially and independently.
The innovation should present a business opportunity which improves connectivity between older adults, devices and technologies related to any aspect of their life (e.g., home, social, work, study, transport or services).
Innovations must involve older adults in the development and testing of the technology.
The Prize will develop the most innovative ideas into viable projects which can achieve commercial sustainability and have a positive impact on older people.
You can meet our 15 finalists and their projects here.
The winner of the Smart Ageing Prize will be announced on 28 September at the AAL Forum in St Gallen, Switzerland. For further updates, follow us on Twitter and join the conversation using the hashtag #SmartAgeing.