Good ideas can come from anywhere. The AARP Foundation Prize was created to seek out promising ideas and unlock new opportunities to help solve the problems so many low-income older adults face as they age.
The AARP Foundation Prize is a cash award to entrepreneurs to help fund innovative solutions serving low-income (those earning less than $40,000 in Median Household Income) individuals aged 50 and older, with respect to one or more of the following:
AARP Foundation Prize awards are available in existing business plan competitions at participating universities, and to all startups in the U.S. through the 2017 Aging in Place $50K Challenge.
DispatchHealth has been selected as the winner of the 2017 Aging in Place $50K Challenge, a startup competition for entrepreneurs with solutions that help vulnerable older adults remain in their homes and communities. The challenge focused on innovations that reduce unnecessary health care services, costs and hospital readmission rates while allowing older adults the opportunity to live independently in their homes. 2017 finalists were DispatchHealth, FRND Health, and RoundTrip.
DispatchHealth is a provider of mobile and virtual healthcare. They are working to redefine healthcare delivery by providing convenient and affordable on-demand acute care services in the home.
The 2017 Aging in Place $50K Challenge is part of AARP Foundation’s Innovation Prize, designed to seek out promising, effective, and scalable solutions and unlock new opportunities to help solve the problems so many low-income older adults face as they age.
The AARP Foundation Prize offers cash prizes to teams competing in existing business plan competitions at participating universities. Awards are given for solutions that best help low-income adults 50 and older achieve one or more of the following:
Additionally, AARP Foundation encourages solutions that are both practical and scalable in order to have the greatest possible impact.
If your university is not listed and you would like your university to participate in the AARP Foundation Prize, please contact us at email@example.com
You can register to compete for the AARP Foundation Prize if you enter one of these business plan competitions
Emerald: Technology that uses radio waves to detect motion, falls, heart rate, breathing and patterns of daily activity without requiring the 50+ individual to wear any sensors. –Massachusetts Institute of Technology
MySupport: Software that allows low-income 50+ to select their own home-healthcare worker based on aspects of affinity resulting in improved healthcare outcomes and reduced costs. –Tufts University
AARP Foundation earns a high rating for accountability from a leading charity evaluator.
Eighty-one cents of every dollar we spend goes toward programs and services that help low-income older adults. We have met every one of the Better Business Bureau’s 20 Standards for Charity Accountability.