News Summary

MEDTEQ+ and AGE-WELL have announced the second cohort of 20 collaborative AgeTech projects under the envisAGE initiative, aimed at enhancing the well-being and independence of older adults across Canada. The projects, which include SMEs, Community Labs, Beachheads, and Innovation Hubs, are designed to improve the quality of life for older adults through technology. The total funding for this cohort is over $23 million, with contributions from the Government of Canada’s Strategic Innovation Fund and Quebec’s Ministère de l’Économie, de l’Innovation et de l’Énergie. Key projects involve technologies such as AI companions, smart room technology, and AI-powered monitoring systems to address issues like dementia, fall prevention, and social isolation. This initiative is part of a five-year plan to propel Canadian leadership in the AgeTech market.