Cogknow’s mission is to put on the market, affordable and user-friendly solutions (mainly the Cogknow DayNavigator system) for people with dementia that focus on helping them live independently for longer by using the best off-the-shelf hardware along with custom software and adaptations.
THe Cogknow company has been formed from the highly successful European research project COGKNOW, and will enter the highly scalable business of integrating systems suitable for persons with dementia and other cognitive impairments.
The target market for Cogknow is significant. Dementia is a progressive, chronic disease affecting 10% of all persons above 65. In Europe by 2050, it is estimated that one-third of the population will be over 60. This is compounded by the fact that life expectancy has been rising on average by 2.5 years per decade in Europe. There are currently 7.3 million cases of Alzheimer’s disease in Europe and more are found every year. This means that there is an estimated economic value of introducing COGKNOW amounting to about 250 million Euros per year, in Europe alone.
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