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#News(Startup) [ via IoTForIndiaGroup ]
HAX announced the launch of an initiative targeted at helping startups advance the state of tech for people over the age of 65. The program was developed in conjunction with Centrica, the energy company behind the newly launched Hive Link, a smart home service for people with elderly family members.
The program will invest $250,000 in the startups it selects, including mentoring, office space, education and the like, in exchange for equity in the companies — a pretty standard setup for the San Francisco/Shenzhen-based accelerator.
As HAX notes in a related press release, the U.S. population is aging. Studies put today’s 47.8 million population of people over age 65 at 78 million in the year 2035.
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