OpenPlacement Blog

Silicon Valley Boomer Summit Recap

Screen shot 2013-07-01 at 2.36.28 PMThe 2013 Silicon Valley Boomer Venture Summit held at Santa Clara University on Wednesday brought together big names in healthcare and venture capital for an event that captured innovative products and services along with cutting-edge technology for the aging community. In addition, the program was designed to guide entrepreneurs to think through a business.

The Boomer Summit, now in its 10th year, has allowed for a hub of investors, entrepreneurs and companies creating technology to ease the burden and worry that comes along with aging. With new technologies now available to elderly customers, seniors can age more comfortably, live longer and age much more independently with a richer quality of life.

During the Business Plan Competition, five finalist entrepreneur groups competed for the $10,000 grand prize. Each group spoke in front of a panel of judges comprised of leaders in the field of aging and venture capital community. Jeff Maltz, CEO & Founder of SilverRide, moderated the competition. Each group introduced a different aspect of the aging and venture capital community:

ChemoPatch (Theratech)
A low-cost, disposable, electronic patch-based cancer chemotherapy device designed to be easy-to-use by cancer patients outside of the hospital because of the automated drug delivery feature.

Pristine Solutions
Smart wine tags that track the environment of your wine from the moment it was bottled until it is uncorked to assure wine drinkers that their wine has not been exposed to extreme temperature.

QMedic
Smart medical alert device for seniors and caregivers that passively monitors physical activity, sleep, and falls for 24 hours/day. It also alerts care providers for unusual behavior.

Resido Medical
A small, wearable, medical device for patients that suffer from Essential Tremor. The device improves hand and wrist tremor without interfering with daily tasks.

OpenPlacement
Provides online visibility to care transition. Offers tools and real-time vacancy information to match patients, family members and care professionals with appropriate care providers.

The winner of the business plan competition was Resido Medical who has developed a small, wearable, device for patients that suffer from Essential Tremor. The device improves hand and wrist tremor without the high side effects of ineffective drugs or the risks of invasive awake brain surgery. The device is still in clinical trial phases, but investors at the summit believed in the product enough to name it the winner of the $10,000 grand prize. Congratulations to Resido Medical!  Finally, a special thanks to Mary Furlong for putting on a terrific, well organized and much needed event in the aging space - we commend all your work and efforts!