
Aging in Place: A Rapidly Emerging Space with Innovation and IP Opportunity
What is “Aging in Place”? Why is it important? “Aging in place” is exactly what it sounds like: remaining in your home as you grow older. Historically, the elderly lived with family as they aged. Today, this model has evolved to more prevalence of institutional care such as assisted living and nursing care facilities. However, there are multiple issues with this model, including high cost, inconsistent quality, lack of independence and control over one’s life, and little room for customization. The COVID-19 pandemic also presented new issues with spread of disease and lockdowns that prevented family visitation and much needed socialization.










