A €50,000 Challenge Prize to identify an innovation that uses the Internet of Things to empower older adults to achieve the quality of life they aspire to, socially and independently.
The Problem
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 Challenge Prize
The AAL Programme has launched its first Challenge Prize to source innovations in internet connected devices and technologies (Internet of Things) that 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 Timeline
The Prize will help the most innovative ideas to develop prototypes and business plans. Fifteen of the most promising applications will be chosen as Finalists and will be invited to a social innovation mentoring academy in Brussels in July, where they will receive expert coaching and support to develop their ideas. Following the Academy the Finalists will be asked to submit a detailed plan of their idea. From these detailed plans, five applicants will be selected who will have the opportunity to attend the AAL Forum in Switzerland in September 2016. One winner will be announced at the AAL Forum, this year in St. Gallen between 26-28 September (www.aalforum.eu) and will be awarded a prize of €50,000.
The Entry Criteria and Process
The Smart Ageing Prize is run by the AAL Programme with the support of Nesta’s Centre for Challenge Prizes. The Prize is open to individuals, groups and organisations from the 28 member countries of the European Union, as well as Israel, Canada, Norway and Switzerland. Applications can only be accepted in English.
Applying to the Prize is easy:
- Simply read the Terms and Conditions and FAQs.
- Take a look at the template application form and answer the following questions.
- Submit your application using the online entry form by Friday 13 May 2016 at 12.00 noon Central European Time.
All applications will be assessed in line with the judging criteria. The 15 Finalists and overall winner will be selected by our panel of judges – names to be announced shortly.
To apply for the Prize you will need to register first via Nesta’s Challenge Prize Centre website by clicking here. Once you create your account, you’ll be able to log in, select the Smart Ageing Prize, and complete your application. You can save your application at any time and return to submit it at a later stage.
Visit the official page of the price by clicking here.
Find out how you could win with our webinar on March 16 by clicking here
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