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About Revera

Innovation at Revera

Contact your nearest Revera location for details
Contact your nearest Revera location for details
 

Revera is invested in enabling seniors to live life to the fullest through innovations that improve the aging experience. We have rethought what it means to be an innovative company and have empowered our employees – from senior leaders to frontline workers – to find solutions that elevate the resident experience and enhance care and services. Click here to see Revera’s 2017 Year in Review.
 
 

The Revera Innovators in Aging Program

Since 2016, the Revera Innovators in Aging Program has been a platform for the company to invest in and scale innovations that improves the aging experience. Revera’s innovation team works with entrepreneurs and start-ups to pilot new products, services and technologies at Revera residences and provide strategic support to help realize a scalable business model.
 
As part of the Revera Innovators in Aging Program, we are committed to investing up to $20 million to bring the most promising innovations to seniors to improve the aging experience.

  • Stack Care is based in the heart of Silicon Valley, in California, and is committed to  enhancing seniors’ wellbeing and safety through IoT technologies. With spatial awareness mapping through discrete, passive sensors, Stack Care uses proprietary data science to notify caregivers about unusual behaviour patterns that may be indicative of issues while supporting seniors’ healthy sleep-wake cycles, via circadian lighting plans, to encourage more activity throughout the day.  The system helps residents by mitigating falls, increasing energy levels, and easing sundowning symptoms. Caregivers benefit from improved staff efficiency, management of health-related costs, and reduced chances of resident elopement.
     
    stack.care

  • Swift Medical is a Toronto, Ontario-based healthcare start-up that is developing a wound care management app that provides precise, consistent measurement, instant documentation and wound progression imaging with a smartphone. The app improves patient outcomes, allows for effective collaboration among care team members, and improves measurement accuracy.
    swiftmedical.com
  • Winterlight Labs is a Toronto, Ontario-based healthcare start-up that is developing an AI diagnostic platform that can quickly and objectively assess and monitor cognitive health through a sample of speech.  WinterLight’s platform provides major improvements over current pencil-and-paper tests which can be time-consuming, subjective, costly, coarse, and challenging to administer.  www.winterlightlabs.com

  • Sensassure is a Toronto, Ontario-based healthcare start-up that is developing a tele-monitoring system for the management of urinary incontinence. Incubated in the Next 36, Canada’s premiere tech incubator program, this team of young entrepreneurs is passionate about solving problems in the elderly care sector. The smart technology provides caregivers with up-to-the-minute data about their residents, detecting wetness quickly and allowing for more efficient, targeted care. More importantly, the patch helps preserve residents’ dignity.
     
    www.sensassure.com

  • WalkJoy Inc. is a Long Beach, California-based healthcare start-up that is developing a wearable gait analysis sensor and diagnostic tool that helps identify residents’ risk of falls on a low-medium-high scale by detecting irregularities in step patterns that can be predictive of loss of balance and falls. The tool allows anyone from a skilled Physical Therapist or Registered Nurse to a Recreation Director to assess a resident’s fall risk and institute proactive preventative measures. WalkJoy’s WalkingHealth diagnostic tool has been approved by the FDA for applications related to Peripheral Neuropathy, Parkinson’s and Multiple Sclerosis for balance and gait improvement and fall prevention.  
     
    www.walkjoy.com
  •  
    FirstKind Ltd. is a United Kingdom-based company that is developing a lightweight, wearable device designed to enhance blood flow to the lower limbs through the activation of muscle pumps, resulting in increases of about 100% in venous return, 75% increase in arterial volumetric flow and about a 400% increase in microcirculatory flow. Enhanced blood flow is crucial to the effective management and quick healing of wounds, which affect approximately 10 per cent of residents in long term care.
     
    www.gekodevices.com

  • Carely is a Columbus, Ohio-based start-up that is developing a mobile app focused on understanding the social needs of people caring for a loved one and creating meaningful connections between families and their care circles. By introducing users to helpful resources, services, technology and information that is both timely and relevant to care givers and their loved ones, Carely serves as a family’s social communication channel as well as their personal health care concierge.  
     
    www.care.ly
Submissions for Revera’s Innovators in Aging program are reviewed on a quarterly basis and successful applicants are invited to partner with Revera as an Innovators in Aging portfolio company.
 
Applications are evaluated based on the following criteria:
  • Does the product, service or technology address a key challenge or opportunity relevant to seniors’ care, accommodation and services?
  • Will it elevate the resident and employee experience?
  • Does it have potential to be scaled across Revera’s network of retirement residences and long term care homes?
Participants in the Revera Innovators in Aging program receive the following benefits:
  • Unparalleled access to Revera’s senior living network of retirement residences and long term care homes.
  • The ability to test and evaluate their product, service or technology’s impact with residents and staff, and to gather real-time user feedback in a real world environment.
  • The opportunity to leverage Revera’s operational and financial expertise to help build a successful and sustainable business model that can be scaled across Revera’s network and beyond.
  • Engagement and advisory support from Revera’s senior leadership team.
  • Promotion and visibility on Revera’s website and social media channels, opportunities to demonstrate at speaking engagements and conferences. Access to Revera’s strategic partners in business, government, and innovation in both Canada and the U.S. 
The opportunity to be evaluated for a direct investment into their product, service or technology from Revera.

 
 
  • Chief Elder Officer Hazel McCallion
    In 2015, former Mayor of Mississauga Hazel McCallion joined Revera as Chief Elder Officer to help shape the company’s innovation agenda. In this role, she engages residents and families at Revera communities to share their experiences in senior living to help the company continue to improve its programs and services.
    Hazel McCallion, Revera's Chief Elder Officer
     
  • Innovation Partners

    Revera seeks strategic partnerships with national and international innovation leaders to support leading-edge products and services that help seniors age well and enhance their lives
     

    Aging 2.0 logo
    • Revera partners with Aging 2.0, a global aging and seniors’ care innovation platform, as a Leader's Circle sponsor. Revera taps into Aging 2.0's global network of innovators to evaluate and scale promising solutions aimed at improving the lives of older adults at Revera communities and beyond.
    Agewell logo
    • Revera partners with AGE-WELL, a Networks of Centres of Excellence program funded by the Canadian government and focused on research, training and commercial development of innovative technologies for healthy aging.
     
    Rotman School of Management logo
    • Revera partners with the Rotman School of Management to bring students enrolled in the Master of Business Administration program to Revera communities, where they apply the principles of design thinking to better understand and create an empathetic experience for residents, families and staff.
    MaRS Discovery District logo
    • Revera partners with MaRS Discovery District, one of the world’s largest innovation hubs, to connect entrepreneurs with corporations, investors, mentors, university institutions and labs to help test their concepts and grow the innovative companies of the future.