Reimagining Longevity Ideathon - Collaborating to Reinvent Aging in Japan, U.S. and World


Venture Cafe, 5th Floor, CIC, One Broadway
Cambridge, MA 02142
United States

Saturday, 9 September 2017 - 9:00am to 6:00pm

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Caring for our seniors has become a growing concern for governments and economies worldwide as people live longer lives. These challenges provide opportunities for startups and innovators to address with new approaches. They also provide an awesome market opportunity. For example, the combined U.S. and Japanese senior care market is estimated to be $8 trillion dollar market.

SOMPO is one of the largest insurers and assisted living facility operators in Japan. SOMPO has been working with innovators in Japan to deploy new solutions and business models to transform elderly care.

SOMPO is now teaming up with Venture Cafe to leverage the wisdom of crowds on a global scale -- with a special focus on reimagining care for people with dementia.

From September 9 thru 12, we’re convening entrepreneurs, business executives, academics and thought leaders in a global “ideathon” with the Venture Cafe to spark collaboration, far out ideas and new insights on how to care for people with the debilitating illness. We want to encourage you to look at dementia from all angles, including preventive care, home care, accessibility, financial management, and long term care in healthcare facilities.

Your help is critical: seven million people in Japan, or twenty percent of 65+ year olds, are expected to suffer from dementia within the next 10 years. The number of people worldwide living with dementia is currently estimated at 47 million, and is projected to increase to 75 million by 2030.

The timeline for our Ideathon is as follows:

  • Tuesday July 20 - SOMPO announces Ideathon at Venture Cafe
  • Saturday Sept. 9-10 - Ideathon kicks-off at Venture Cafe at CIC Cambridge
  • Monday Sept. 11 - SOMPO and Venture Cafe announce ten finalists to present at the final on Sept. 12th
  • Tuesday Sept. 12 - Finalists present & winners announced at Venture Cafe’s District Hall event

And we’ll offer cash awards to the winners:

  • Grand Prize $10,000
  • Runner Up $5,000
  • Third Place $2,500

In addition, SOMPO will work with the winner on a Proof of Concept in Japan (including airfare and accommodations for two people for a week). We’re eager to share what we experience daily on the frontlines of our 300 care facilities in Japan.

The ten Ideathon company finalists will also receive up to two seats to work out of a new Reimagining Longevity / Aging co-working cluster location at CIC for twelve months.

Schedule for the weekend Ideathon

Saturday, September 9, 2017 9 AM - 6 PM

- WiFi, Bagels, Coffee / tea, snacks and lunch provided

- 9 AM - 10:30

- Welcome

- Framing of the size of the dementia issue and the areas that could be addressed

- Ideathon schedule

- Criteria for winning

- Presentation outline

- Introduce mentors available for the weekend

- Pitches by teams that have already formed who might need people to help

- 10:30 AM - Breakouts

- Brainstorming area and then work areas for teams with ideas already

Sunday, September 10, 2017 9 AM - 6 PM

- WiFi, Bagels, Coffee / tea, snacks and lunch provided

- 9 AM - 10:00

- Check-in with teams

- Answer any questions from teams

- Team breakouts

- Selection of the ten finalists teams by 6 PM via interviews by the judges

Tuesday, March 12, 2017 - District Hall - 75 Northern Ave., Seaport District Boston

- 3 - 3:30 PM - Team check-ins & attendee registration

- 3:30 - 4:00 PM - Keynote presentation - Mikio Okumura, Director & Managing Executive Officer, SOMPO Nursing Care & Healthcare

- 4 - 4:30 PM- Panel with SOMPO team & special guest

- 4:30 - 6:30 PM- Team pitches w/ Q&A time

- 6:30 - 7:30 PM- Reception and judges pick the winners

- 7:30 PM - Announce the winners, reception continues