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DEVELOPERS of devices for elderly Singaporeans received a $3 million boost from the Government on Friday.
It has set up a new fund to give them seed money to design and test gadgets to help elderly Singaporeans cope with aging.
The fund is part of the new Silver Community Test-Bed Programme announced by Community Development, Youth and Sports Minister Vivian Balakrishnan when he opened a fair on Friday at Suntec City.
The two-day fair of products and services for the elderly is held in conjuction with the Silver Industry Conference and Exhibition that ends on Saturday.
At least two companies are already eying the fund.
One wants to develop an electrical socket that sets off an alarm if it gets wet.
Another is designing a wireless watch that transmits back to the clinic or hospital the blood pressure of its wearer in real time.
But these have to be approved by a committee chaired by the president of property developer Ascendas, Mr Chong Siak Ching.
Ideas can be submitted now to the Community Development, Youth and Sports Ministry and the committee will select the successful proposals by June. Each can receive seed funding of up to $300,000.
Read the full story in tomorrow's edition of The Sunday Times.
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