Shipment volume of the global smart watches is estimated to reach 78.3 million units in 2021, up from 68.5 million units in 2020, according to MIC (Market Intelligence & Consulting Institute), a major government think tank and a leading IT research institute in Taiwan. The world is facing the population-aging problem, which also increases the prevalence of dementia among the elderly.
The “Smart City Taiwan” Project initiated by the IDB (Industrial Development Bureau) of Taiwan’s MoEA (Ministry of Economic Affairs) is a project to promote smart city development in Taiwan with emerging technologies. When it comes to caring for someone with dementia, the IDB has facilitated a new startup, called OPEN-LiFE, which leverages Bluetooth positioning technology to develop the so-called PingAmulet D+ card.
OPEN-LiFE’s Invention: PingAmulet D+card
Source: OPEN-LiFE, compiled by MIC, July 2021
To date, the Project has fostered more than 220 innovative services from about 300 local companies and has benefited over 8.54 million people living in Taiwan.
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