Working together to share best practices that support healthy aging, find opportunities for agetech innovators to accelerate their businesses and promote the Danish-Canadian Eldercare Platform (DCEP)
April 11, 2022 (Toronto, ON) – The Centre for Aging + Brain Health Innovation (CABHI), powered by Baycrest, and the Trade Council of Denmark recently signed a Memorandum of Understanding confirming their plans to work together in support of innovation focused on aging and brain health, with a particular focus on healthy aging and cognitive health.
CABHI, a Toronto-based global solution accelerator for the aging and brain health sector, provides funding and support to innovators for the development, testing, and dissemination of new ideas and technologies that address unmet brain health and seniors care needs.
Innovation in this sector is vital to address the brain health and care needs of an ever-increasing number of older adults. CABHI facilitates collaborations between leading seniors care organizations and innovators from around the globe with promising solutions in the following areas, with an emphasis on dementia-related issues: non-invasive medical devices, emerging technologies, wellness and digital health solutions, healthcare delivery practices, therapeutic approaches, and practitioner/caregiver training and support. CABHI also provides support and training to innovators to increase the culture of innovation in the sector.
In the last decade, Danish export to Canada has grown significantly, making Canada an important market for Danish companies. At the same time, Denmark has become an international benchmark for eldercare. The Danish approach focuses on empowering elders, considering their individual needs and preferences, and enabling sustainable solutions to maximize quality of life. The Danish-Canadian Eldercare Platform (DCEP) was created to bridge opportunities for improvement in Canada and solutions from Denmark.
“CABHI appreciates how Denmark, as a super-aging country, fosters innovation to enhance older adults’ quality of life, so that people don’t just live longer, they live better,” said Dr. Allison Sekuler, CABHI’s President and Chief Scientist. “We are proud to work with the Trade Council of Denmark as a key international partner, expanding opportunities for our respective cohort startups, building a culture of global collaboration and sharing, and attracting more founders and funding to the agetech sector.”
“As a country admired for its high quality and publicly funded home care and long-term care, Denmark has successfully applied innovative solutions to the challenge of an aging population. Our Danish-Canadian Eldercare Platform identifies promising Danish companies and finds opportunities for them to develop and refine their solutions for a North American market and brokers introductions that can help them accelerate their business growth. In partnership with CABHI, we will continue to advance our respective cohort companies and learn from each other. We admire CABHI’s formidable dedication to agetech; we are thrilled to partner with them,” said Jeppe Fredslund, Consul General and Head of Mission, Royal Danish Consulate General, Toronto.
CABHI gratefully acknowledges the support of its funders: the Government of Canada through the Public Health Agency of Canada, the Government of Ontario through the Ministry of Colleges and Universities, and the Baycrest Foundation.
A solution accelerator for the aging and brain health sector, CABHI provides funding and support to innovators for the development, testing, and dissemination of new ideas and technologies that address unmet brain health and seniors’ care needs. Established in 2015, it is the result of the largest investment in brain health and aging in Canadian history. CABHI is a unique collaboration of health care, science, industry, not-for-profit and government partners whose aim is to help improve quality of life for the world’s aging population, allowing older adults to age safely in the setting of their choice while maintaining their cognitive, emotional, and physical well-being.
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ABOUT THE TRADE COUNCIL OF DENMARK
The Trade Council is part of the Danish Ministry of Foreign Affairs and is the official export and investment promotion agency of Denmark. The Trade Council of Denmark in North America (TCNA) is part of the Danish Ministry of Foreign Affairs and has teams in cities across the United States and Canada. From our offices in Toronto and Ottawa, we work to promote Danish exports and business interests in Canada to foster long-lasting bilateral partnerships in the several sectors including health and life sciences. The Trade Council advises and assists Danish companies in the export activities and internationalization process according to the vision: Creating Value All the Way.
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ABOUT THE DANISH-CANADIAN ELDERCARE PLATFORM (DCEP)
Denmark is an international benchmark for eldercare. The Danish approach focuses on empowering elders, considering their individual needs and preferences, and enabling sustainable solutions to maximize quality of care. The Danish-Canadian Eldercare Platform (DCEP) was created to bridge opportunities for improvement in Canada and solutions from Denmark. Launched with its inaugural members in August 2021, it is an initiative by the Danish Trade Council that aims to facilitate knowledge exchange, commercial trade, and collaboration between stakeholders in Canada and Denmark. Our inaugural cohort of company members are: Guldmann, DigiRehab, Wellness Nordic, and NORD Architects.