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Chapter 3 Gaps and Difficulties within the Ecosystem 71
3.1 Government 74
3.1.1 Lack of Awareness 75
3.1.2 Highly Risk Averse 77
3.1.3 Outdated Regulatory Systems 78
3.1.4 Insufficient Retirement Protection 79
3.2 Applied Research Stage 80
3.2.1 Shortfall in Applied Research Funding 81
3.2.2 Lack of Human Resources 84
3.2.3 Systemic Issues in Academia 86
3.3 Prototype Stage 87
3.3.1 Obstacles in Spin-off and Licensing Procedures 88
3.3.2 Lack of Support for Start-ups 89
3.3.3 Risk of Idea Sharing 90
3.4 Enhancement Stage 91
3.4.1 Product Design Not Catered to Elderly Consumers 92
3.4.2 Lack of a Testing Ground for New Products for Use in Elderly Homes 93
3.4.3 Cultural Differences and Difficulties in Product Localisation 94
3.5 Gerontechnology Market 95
3.5.1 Producer 96
3.5.2 Consumer 98
3.6 Collaboration 100
3.6.1 Insufficient Collaboration Between Universities and
Research Institutions 100
3.6.2 Insufficient Collaboration Between Research Organisations and
the Private Sector 101
3.6.3 Insufficient Collaboration Between the Public and Private Sector 102
3.6.4 Insufficient Medical-Social Collaboration 102
3.7 Conclusion 104
