Employment of Elderly as an

Economic Factor for SMEs

Partnership for Linking Innovation and Social Challenges for the Benefit of SMEs - Innoval

Lead Partner Number of projects under realization: 23

Number of EU partners: 350

Why is it valid and relevant socially?

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

5-14 15-24 25-34 35-44 45-54 55-64

Shortages:

50.000 worker in Austrian market yearly

4 million worker in German market

300 million worker on Chinese market

Why is it valid and relevant financially?

Shortages:

Limited public financing space

Fast capital flow

Evaporation of credit

Why is it valid and relevant businesswise?Shortages:

SMEs again fear market decrease

No catching up in productivity

What does it mean locally for Elderly and SMEs?

Environment:

Life Long EmploymentLimited Social CareFlexible status – Free lancer

Business opportunity:

Working at HomeSafety and SecurityActive Elderly Ages

How to transform it into SME business?

Idea generation

Facilitation

SME callEvent, Students43 business ideas

TrainingOngoing procedure6 facilitators, 17 ideas

Feasibility study

6 feasibility, now with financial planning

Open innovation

Methodology adaptation

In-depth research

AAL subsegments analysis

Thematic Working Groups

Smart HomesSafety and SecurityActive Ageing

Elderly and SME business opportunity link

Ageing Society is a business opportunity for local SMEs

Supporting employees to work actively in the long run is a mutual individual and social interest/pressure

Thank you for your attention!

Pannon Business NetworkHungarywww.pbn.huBalázs Barta