After receiving a $500,000 grant from WA Country Health Services, Perth-based aged care technology company InteliCare is now aiming to raise $5 million from private investors to scale up.
Aware of the ageing baby boomer population and the burden it will place on government services, InteliCare is aiming to help keep seniors at home for longer and reduce the pressure on public aged care facilities. InteliCare’s SaaS smart home monitoring solution offers peace of mind to seniors living at home and their families.
While there are other competitors in the smart home monitoring market, InteliCare’s growth potential comes from its advanced analytics and in-house R&D. This makes the product scalable for consumers and aged care facilities.
Read the full article for details on InteliCare’s expansion plans.