VIRTUAL DISCUSSION Mitigating Transition Risks in Health and Wellness Working within ecosystems including customers, academia, hospitals, banks, insurers, and other key market players not only provides new unique ways to look at problems but also differentiating paths to designing, developing, and delivering Kjell de Orr innovative products and services that Director of Strategic individuals and societies want. Within the Partnerships, Global CoCreation Lab health and wellness space, great advances have already been made to apply technology to the current societal challenges faced by older generations. Building Long-Term Healthcare Resillience Societies that fail to invest in medical research and development, innovation, and entrepreneurship risk losing their long-term healthcare security and resilience. We have a moral imperative to collaborate with communities to accelerate the pace of medical innovation and introduce transformational solutions and technologies to society faster. 1. Co-creation The Co-creation Lab model is a great way to co-create with the private and public sector, to combine finance, government, academia, medical technologies, innovation-driven enterprises, and investment through community-based collaboration. This enables organizations to validate concepts through venture building and spin-off those ventures to allow them to scale from the ground up. As we all acknowledge, the transition economy comes with transition risks. These risks give rise to some urgent questions to which we need to find the answers. Initiatives must address emerging needs for combining both health and wellness into solutions that focus on the wellness and quality of life of older and younger generations alike. It should also serve the needs of underserved market segments seeking affordable, ethical care, and allow them to be cared for safely and consistently from home. 34