The AARP Innovation Fund will target startups developing technologies and services for customers aged 50 and above.
AARP, a membership-based non-profit lobbying group for people aged 50 and older, has joined forces with financial services firm JP Morgan to set up a $40m fund.
AARP Innovation Fund will invest in startups developing products for users aged 50 and above, and will target both early-stage and late-stage companies.
JP Morgan is acting as an advisor for the fund through its endowments and foundations, and private equity divisions. AARP is the sole external investor and will make direct investments…
