Techstars is delighted to announce the Class of 2023 for the Techstars Future of Longevity Accelerator, run in partnership with Pivotal Ventures, a Melinda French Gates company that accelerates social progress in the United States. The accelerator, which has quickly emerged as the premier ecosystem for supporting early stage innovation in the longevity and caregiving category, focuses on innovative solutions to address the unmet needs of older adults and their caregivers. Investment categories include caregiver support, care coordination, financial wellness and resilience, preventive health (including both physical and cognitive), aging in place, and social engagement.
The 13-week program, which began on January 9, marks the culmination of months of sourcing, screening, and interviewing, to select the ten most promising startups in the category among many hundreds of applicants and thousands of startups reviewed. This class represents the third year of the accelerator building on the success of prior classes (see the last class featured on CNBC).
“We sought startups with extraordinary teams that were demonstrating promising early traction in solving problems that address large markets aligned with our program themes,” said Techstars Managing Director, Keith Camhi. “And after an extremely competitive selection process, we couldn’t be more excited with the outstanding and highly diverse class of founders that will be joining us.”
The founding teams of the selected companies will build strong relationships with thought leaders in the longevity space and leverage a mentor network of industry experts, successful entrepreneurs, investors, and prospective partners. Each company will use the program to accelerate the development of their solution, and by the end of the program the companies will have collectively engaged with over 100 mentors, formed deep relationships across the Techstars and Pivotal Ventures global networks, iterated on their product, business model and growth milestones, and mastered the ability to communicate their vision. The class will showcase their progress in a Demo Day on Thursday, April 6, 2023.
“After years working as a product leader at Apple I’m excited to bring my expertise combining universal design & inclusive design in technology to help older adults thrive independently at home," said Dhaval Patel, Founder and CEO of Lotus Labs. "And as a first-time founder, I’m thrilled to be joining the Techstars and Pivotal Ventures family to make an impact together.”
The 2023 Techstars Future of Longevity Class represents the experience, tenacity and deep connection to finding solutions in this space during a time when isolation, financial security, and care navigation have an outsized impact on seniors and caregivers. The class also demonstrates our commitment to invest in diverse-led teams with the majority of the companies being led by underrepresented CEOs including half by women.
Pivotal Ventures sees the huge market opportunity to invest in building a modern caregiving system. Their goal for this accelerator is to tap into the growing system of innovators who are introducing solutions to empower older adults to live with greater well-being and dignity, while alleviating the pressures on the people who care for them.
“By advancing innovative solutions in caregiving, we can move toward a future in which everyone has access to quality care solutions, and care is a source of comfort and joy, rather than stress and sacrifice. We are excited to partner with Techstars on the third year of their accelerator program, and have no doubt that this year’s winners will make huge strides modernizing our elder care system,” said Jennifer Stybel, Caregiving Lead at Pivotal Ventures.
Here are the companies that make up the Techstars Future of Longevity Class of 2023:
Advosense is developing intelligent incontinence solutions for elderly care to empower our clinicians to know when, where and how to best care for their patients' needs.
Building towards a future where cancer is no longer a threat to your life or finances.
Carefluent is a technology platform that allows its users to receive culturally responsive, highly personalized in-home care.
Keep Company is an HR tech platform that helps employers care for, and keep, the parents and caregivers on their team.
Ring that moves unsmart objects at home by pointing.
We are the first personalized and tech-powered financial mentor for women who don’t have access to a financial advisor – and crave easy, digestible financial education and know-how to increase cash flow today, and retire with wealth tomorrow.
Savvly is an innovative financial solution that helps people maintain their quality of life - no matter how long the live.
REEV makes a smart robotic knee brace to empower the daily mobility of 100 million people with walking disorders.
Tuktu is a community-powered care network that uses technology to smartly match family members and friends looking to support their older loved ones (or themselves) to safe, friendly, inexpensive companions for non-medical needs like shopping, cleaning, cooking, or rides to appointments.
Dementia friendly videos to make care easier and more meaningful.
The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas—entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,500 companies with a combined market cap of more than $220B. www.techstars.com