Longevity Explorer Business Model
The Longevity Explorers are an initiative of Tech-enhanced Life, PBC. As a Public Benefit Corporation, Tech-enhanced Life is allowed to combine a "Mission" (like a non-profit) with the focus and incentives of a for-profit company. We think of it as harnessing the best bits of Silicon Valley Capitalism to chip away at some of the more thorny challenges facing society today.
Our Mission is to improve the quality of life of the aging and their families.
Business model: We hope that eventually the learning and collaboration that members of the Longevity Explorers do together will lead to meaningful revenues. And when they do, our vision is that these revenues will be shared among those who participate in proportion to the value of their contributions.
Pilots: We are presently running a number of pilot initiatives to figure out the details of how the individual parts of the Longevity Explorers will mesh together. These are starting to include some interactions between innovators (businesses and entrepreneurs) and the Longevity Explorers, for the mutual benefit of both the innovators and the Longevity Explorers.
For older adults and Longevity Explorers: Most of the research done by our analyst team over the last two years has been made available for free on our website for older adults and their families. And all of the collaborative learning and exploration by the explorer circles has also been made available at no cost.
And for the first two years of their life the explorer circles have been run entirely for the benefit of our explorers and other older adults like them, with funding from the Tech-enhanced Life investors. We hope to be able to continue to provide high quality independent research for the benefit of older adults and their families for free, or at a heavily subsidized price.
For companies and innovators: We are starting to offer services to innovators and companies wanting to develop better products and services for older adults. These services often leverage the domain expertise of our analyst team, but they also may involve participation by Longevity Explorers as well.
While we are still refining the business model details for these interactions, our philosophy is straightforward. We think these services will be of great value to the companies that engage us, and there will be fees for those services. We structure our engagements so that, if explorers participate, they also receive economic benefit from the engagement.