Impact investment growth grant

Lumin selected for Impact Investment Ready Growth Grant by Impact Investing Australia

Lumin team BlocksGlobal Updates Leave a Comment

Lumin is proud to have been selected for an Impact Investment Ready Growth Grant managed by Impact Investing Australia.

This recognises Lumin as a ‘profit for a purpose’ product with our goal of reducing social isolation and loneliness in older Australians. The Blocks Global vision for the Lumin technology is for “Better connected families and an improved quality of life” and the mission is “ to improve the lives and health of people experiencing isolation.

Social isolation is a considerable problem. An Australian Bureau of Statistics report shows that people over the age of 65 years with moderate and severe disabilities spend 85% of their waking time alone (Ref: Brotherhood 2007). Socially isolated people experience a 26% increase in mortality compared to those who had meaningful social engagement (Ref: UK 2013). Lumin offers seniors and disabled people a brighter, safer and more connected future and improves the quality of life in their home.

With the move of the aged and disability markets to Consumer-Directed Care (CDC), consumer in these markets are empowered to make choices that will deliver improved access to services and more efficient delivery of services for the service provider.

Lumin empowers the consumer and the service provider to deliver services more efficiently and effectively, whilst improving the standard and volume of services delivered.


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