Do You Have an Innovative Solution for Healthy Aging?

If you have a solid business plan or are a start-up company that helps older adults thrive in their homes, we invite you to enter our $10,000 Business Plan Competition.

For more than 20 years, entrepreneurs have entered our competition to impress our judging panel of thought leaders and investors in the longevity market. Many of our winners have gone on to win other national longevity competitions and receive term sheets from funders.

Challenge Statement

Most older adults want to age in place, staying in their homes independently for as long as possible. Plans will be sought from entrepreneurs offering solutions for aging in place at home, improving older adult mobility, and housing innovation for the “forgotten middle.” Applicants should consider ideas for overcoming barriers in poor technology design and building social engagement and participation, especially for the growing number of solo agers. Health-related innovations are welcome, including management of chronic conditions. Additionally, we encourage submissions from entrepreneurs with innovative solutions using AI to address these challenges. Please see below for a list of categories.

Finalists

Finalists will compete for the $10,000 prize by presenting their business plans before a panel of judges comprised of leaders in the field of aging and the venture capital community on June 11 in San Francisco.

Application

Please complete this form to register your entry into the What’s Next Longevity Venture Summit Business Plan Competition and the chance to win a $10,000 prize for the best business plan idea. In addition to the $10K prize, the winner will be invited to present at the THRIVE Center in Louisville, KY and will be able to exhibit at the next CABHI Summit and present to CABHI.

Deadline: May 10, 2024, 11:59pm PST

Questions? Contact boomerventurecompetition@gmail.com

Criteria:

• Your company must have less than $2M capital raised or revenues
• Your solution must address the challenge statement above focused on adults age 50+ and/or their family caregivers. You can be at concept stage but ready to find investors for your idea.
• Categories
• • Artificial intelligence
  • Mobility Assistance
  • Fall detection and prevention
  • Solutions that help with managing chronic conditions
  • Home safety solutions
  • Telehealth/Virtual Care
  • Electronic Assistive Devices/Sensors
  • Tools for social engagement to combat social Isolation and loneliness
  • Mental Health
  • Care Services
  • Remote Patient Monitoring
  • Transportation
  • Health and Wellness

  You must agree to participate and present your business plan to a panel of judges at the conference in San Francisco, California on June 11.

Application
The deadline to submit has passed.

First Round
First-round judges will review the 10-page slide deck submission for financials and executive summaries. Each judge brings expertise in the longevity market and various segments of the space. Selected finalists will have an opportunity to make any revisions up to the several days before the competition.
 
Finalists
Finalists selected will be asked to commit to presenting their respective plans in person at the Fairmont Hotel in San Francisco on June 11.  Finalists will receive a free registration to attend the What’s Next Longevity Venture Summit and an invitation to VIP events. Judges will evaluate the finalists’ presentations of their Business Plans at the summit and choose the $10K winner at the end of the session.

Judges
 
Prize
Winner will receive a $10,000 check with no restrictions.

Timeline:

• February 1-April 30: Applications open
• May 10: Deadline for applications
• May 25: Finalists Announced
• June 12: Winner Announced

Judges’ Criteria:
 
PROBLEM STATEMENT –

• Is the problem statement and solution to the problem statement clear and well defined?
• Is the value proposition sound?

MARKET OPPORTUNITY –

• Why is there a need for this company’s solution?
• What is the market opportunity?
• Are there any market issues that the plan did not acknowledge but that need to be addressed?
• Is the market opportunity/need distinct for the Boomer Population?

COMPETITIVE LANDSCAPE –

• Competition: What does the market look for?
• Who would be the initial competitors and who would be likely competitors in the future?
• What is the company’s unique competitive advantage?
• What are the hurdles to entering the business?

PROPOSED SOLUTION –

• Is the solution to market clearly articulated?
• Is the product/service unique and defensible, patentable?
• Can the company make money with this product?
• Is there a demonstrated ability to achieve market leadership?
• Is there a well-defined plan to penetrate the market?
• How difficult would it be to enter the defined market segment with the proposed business idea?

BUSINESS MODEL –

• Is the business model clearly articulated?
• Is it operationally feasible?
• Is the value proposition sound?
• Does the company address major relevant risks and appropriate mitigation plans?
• How strong is the ability to get break-even capital? How reasonable are projections?
• Is the model scalable? Financially viable?

MANAGEMENT –

• Has the management team been defined?
• Is there industry expertise/prior success in the management team?

Questions? Contact WhatsNextLongevity@gmail.com

Disclaimer
Sponsor is not responsible for lost, late, mutilated or illegible entries nor for electronic transmission errors resulting in omission, interruption, deletion, defect, delay in operations or transmission, theft or destruction or unauthorized access to or alterations of entry materials, or for technical, network, telephone equipment, electronic, computer, hardware or software malfunctions or limitations of any kind, or inaccurate transmissions of or failure to receive entry information by Sponsor or presenter on account of technical problems or traffic congestion on the Internet or at any website or any combination thereof. If for any reason the Internet portion of the program is not capable of running as planned, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the control of the sponsor which corrupt or affect the administration, security, fairness, integrity, or proper conduct of this contest, the Sponsor reserves the right at its sole discretion to disqualify any individual who tampers with the entry process and to cancel, terminate, modify or suspend the contest.

Intellectual Property Protection
Organizers and sponsors of the 2024 What’s Next Longevity Venture Summit $10K Business Plan Competition have taken reasonable measures to ensure that all contestants retain their rights to their business plans and any intellectual property. Organizers and sponsors shall make no claim to any of the property or rights. The content of presentations is at the discretion of each contestant.

By entering this contest all contestants indemnify organizers and sponsors of the 2024 What’s Next Longevity Venture Summit and Business Plan Competition from any liability whatsoever arising out of this contest.