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ACCESS Health International and NUS Enterprise Announce Modern Aging Program to Create New Business Ventures to Serve the Needs of the Elderly

The best business plan to receive S$50,000 start up funds

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SINGAPORE – April 28, 2015 – ACCESS Health International and NUS Enterprise today announced the Modern Aging program. Modern Aging seeks to help create new business in Singapore that serve the needs of elders and their caregivers. Partners in Modern Aging include ACCESS Health International, NUS Enterprise, Duke-NUS Graduate Medical School, and ESSEC Asia Pacific.

Modern Aging will provide a four month training program for entrepreneurs that wish to create new businesses to serve the needs of the elderly. Anyone with a good idea for a business may participate. Modern Aging will provide instruction in the fundamentals of writing a business plan, an overview of the needs of the elder community in Singapore, and examples of successful healthcare businesses. The Modern Aging instructors are successful entrepreneurs, professors of management and business, and experts on Singapore health and wellness systems.

Modern Aging is designed so that those with full time jobs and students can participate. Modern Aging will offer a blended curriculum, a mixture of online presentations, in person workshops, and one on one mentorship. Participants, either on their own or working in teams, will develop business plans. Each will have an opportunity to present the plan before a panel of successful entrepreneurs and experts in eldercare. The plan judged to be the best will be given a fifty thousand dollar start up award.

ACCESS Health International brings a global perspective to health and wellness, in addition to specific expertise in the needs of the elderly. NUS Enterprise provides access to NUS technologies, intellectual property expertise, and contacts with the Singapore business

community. Faculty members of the DUKE-NUS Graduate Medical School and ESSEC Asia Pacific will share their knowledge through lectures, workshops, and one on one mentoring. Modern Aging is supported by the Ministry of Health of Singapore as part of its work to promote successful aging.

Modern Aging offers the exciting opportunity to create new businesses in Singapore that meet local and global demands. Businesses that provide practical solutions that meet the needs of the elderly can be successful both in Singapore and internationally. The elder care market is one of the fastest growing sectors in healthcare in Asia, Europe, and the Americas.

“Modern Aging can contribute to the growth of new business in Singapore and help the country meet the needs of an aging population worldwide. Businesses that are successful in Singapore may serve the needs of the elderly globally. We are delighted to partner with NUS Enterprise in the creation of this exciting program,” said William A. Haseltine, Chairman and President, ACCESS Health International.

“NUS Enterprise is honored to partner with ACCESS Health International, to support entrepreneurs in developing solutions for the silver sector. Modern Aging brings together academics, industry, healthcare practitioners, researchers, and experts in aging to inspire young entrepreneurs. In addition to benefiting Singapore’s aging community, new businesses that arise form Modern Aging will result in the creation of high value jobs in Singapore and help businesses in Singapore make a global impact. I believe this is the first time that such a program has been launched on this scale,” said Lily Chan, CEO of NUS Enterprise.

Modern Aging was officially launched by Dr. Vivian Balakrishnan, Minister for the Environment and Water Resources and Minister in Charge of Smart Nation, at InnovFest unBound, a two day innovation festival presented by NUS Enterprise and AcreWhite. InnovFest unBound focused on the latest trends in global and Asian innovation. Some one thousand entrepreneurs, investors, researchers, policymakers, and industry members attended the event.

About ACCESS Health International

ACCESS Health International, Inc. is a nonprofit think tank and advisory group with a mission to improve access to high quality, affordable healthcare for people everywhere. ACCESS Health partners across sectors in low, middle, and high income countries to drive innovation in healthcare delivery, financing, and technology. For more information about ACCESS Health International, please visit

About National University of Singapore (NUS)

A leading global university centred in Asia, the National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education and research, with a focus on Asian perspectives and expertise.

NUS has sixteen faculties and schools across three campuses. Its transformative education includes a broad based curriculum underscored by multidisciplinary courses and cross faculty enrichment. Over thirty seven thousand students from one hundred countries enrich the community with their diverse social and cultural perspectives.

NUS has three Research Centers of Excellence and twenty three university level research institutes and centers. It is also a partner in Singapore’s fifth Research Center of Excellence. NUS shares a close affiliation with sixteen national level research institutes and centers. Research activities are strategic and robust, and NUS is well known for its research strengths in engineering, life sciences and biomedicine, social sciences, and natural sciences. It also strives to create a supportive and innovative environment to promote creative enterprise within its community. For more information, please visit

About NUS Enterprise

NUS Enterprise is a University level cluster that provides an enterprise dimension to NUS teaching and research involving the University’s students, staff, and alumni. The functions of the Enterprise Cluster complement the academic cluster of the University to nurture talents with an entrepreneurial and global mindset. NUS Enterprise promotes the spirit of innovation and enterprise through Experiential Education, Industry Engagement and Partnerships, and Entrepreneurship Support. For more information, please visit

For more information contact:

Susan Wile Schwarz
Director of Communications
+1 917 447 1254

Chan Yiu Lin
Greener Grass Communications (NUS)
+65 9765 5897

Modern Aging: inspiring and empowering entrepreneurs of all ages and backgrounds to create businesses to serve the needs of the elderly.
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