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About Revera

Innovation at Revera

Revera is committed to helping seniors live life to the fullest and is focused on innovation to improve the aging experience. 
Revera’s primary objectives in supporting innovation are to elevate the resident experience, engage and empower its employees and enhance the company’s care and services.

The Revera Innovators in Aging Program

In 2016, the company created the Revera Innovators in Aging program as a platform to invest in and scale innovations to improve the aging experience. Through the program, Revera’s innovation team works closely with entrepreneurs to pilot new products, services and technologies at Revera residences, and provides advisory services, coaching and strategic support related to developing a human-centric solution and a scalable business model.
As part of the Revera Innovators in Aging program, Revera intends to invest up to $20 million to help bring the most promising products, services and technologies to seniors to improve the ageing experience. Successful Innovators in Aging will be selected for investment based on pre-determined criteria: the potential benefits to seniors, including Revera residents; the benefits to staff serving the seniors living sector, the unique value proposition, and the possibility for the solutions to be scaled, including across Revera’s network of retirement communities and long term care homes.

  • 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.

  • 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.
  • 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.

  • 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.

  • 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.  

    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.

  • 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.  

  • Continyou Care is a Markham, Ontario-based healthcare start-up that is developing a meal service management platform and analytics tool built to help healthcare staff better serve residents in long term care homes. The Continyou Care app includes features aimed at: streamlining the ordering process from the resident (via staff) to the kitchen so food is prepared and delivered faster, customizing meal preferences for individual residents, reducing errors in food delivery for residents with the dietary and nutrition alerts, and providing easier navigation through menus in different languages.

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.