AARP Starts $40 Million Venture Fund for Technology for Seniors
- Investments to be administered by JPMorgan Chase unit
- Group to target technology for aging at home, preventive care
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AARP, the 37 million-member organization for people 50 and older, is establishing a $40 million venture capital fund to boost innovation and technology that will serve its constituents.
The fund, administered by a unit of JPMorgan Chase & Co., will invest in enabling aging at home, improving access to health care and expanding the market for preventive health services, said Jo Ann Jenkins, AARP’s chief executive officer.