Business colleagues studying graphs on screen in meeting room
(Credit: Getty images)
Business colleagues studying graphs on screen in meeting room
(Credit: Getty images)

Coming this summer, a new On Aging Institute, or OIA, will start with the intent of spurring tech innovation for both older adults and senior living and care providers. 

The institute, a collaboration between Colorado-based Next50 and the American Society on Aging, announced the imminent launch last week.

The new endeavor will unfold in multiple stages, with the ultimate goal of bringing together technology and long-term care organizations to collaborate. 

“Our work will ensure the organizations that are serving older adults have the resources they need to remain resilient and responsive to our aging society,” Next50 President and CEO Peter Kaldes said in a statement

Next50 expects the Institute to address, among other issues, adding more older adults into clinical trials, adding attainable housing and evaluating care costs and policy measures, Kaldes said.

The OIA will begin by offering a library of virtual content for operators, including lectures and toolkits, for using technology to improve senior care.

Currently, the website itself merely states that the institute hopes to launch later this summer. So far, Next50 has received $1 million in funding for OIA’s first three years, the company said.

The idea of collaborative efforts to leverage leadership for agetech is appealing to many organizations at a time when new tools — including artificial intelligence — have proliferated rapidly, and the long-term care sphere aims to shed its reputation of being behind other sectors in embracing innovations.

At least one major tech service provider, Enseo, recently created a new tech advisory committee to address challenges in senior living.

The federal government also has created new leadership groups as a way of addressing regulatory concerns around new healthcare technologies.

Last fall, the US Food and Drug Administration announced a new advisory committee to address topics such as software, AI and medication management, the McKnight’s Tech Daily previously reported.