Encouraging entrepreneurs into the silver space

The MOU signing between NUS Enterprise and ACCESS Health International.

NUS Enterprise and non-profit think-tank ACCESS Health International have launched a new programme called Modern Aging at InnovFest unBound 2015. Starting in August, this four-month programme brings together students, researchers and health professionals from across disciplines to create businesses targeting the ageing population in the areas of ageing and healthcare.

This is further in line with Singapore’s agenda to be a Smart Nation and is being supported by the Ministry of Health (MOH), and Duke-NUS Graduate Medical School and ESSEC Asia Pacific, who are the programme’s academic partners.

“Modern Aging can contribute to the growth of new business in Singapore and help the country meet the needs of an ageing population worldwide. Businesses that are successful in Singapore may serve the needs of the elderly globally,” said William Haseltine, chairman and president, ACCESS Health International.

Through a blended curriculum of online presentations, workshops and industry talks on ageing and healthcare, and mentoring sessions from business leaders, multinationals and successful entrepreneurs on how to develop a business plan, participants will be encouraged to meet and interview seniors, as part of their market research. Over the course of the programme, teams will develop and translate their ideas into viable business plans, with a final pitching session awarding a top prize of US$50,000 seed funding while the runner-up receives US$20,000. The teams that do not make it to the top are still given the chance to move forward regardless, with all teams receiving incubation support from NUS Enterprise.

The programme will be held annually in Singapore, with plans to expand in the region.



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