Riyadh, November 29, 2023
Dr. Mehmood Khan, CEO of the Hevolution Foundation, a global non-profit organization, inaugurated the first-ever Global Healthspan Summit in Riyadh today. The groundbreaking event convened over 120 world-class speakers and nearly 2000 delegates, uniting health leaders, pharmaceutical executives, policymakers, geroscientists, former astronauts, AI experts, academics, and entrepreneurs. This summit aimed to collaboratively shape the future of aging societies worldwide, according to a press release issued by the foundation.
The two-day summit commenced with a focus on action-based conversations, centering on catalyzing research, entrepreneurship, investment, and international collaboration in the emerging field of healthspan science. Renowned speakers from institutions such as 5am Ventures, Eli Lilly, GSK, Harvard University, Lifera, Mayo Clinic, Milken Institute, Ministry of Health for Saudi Arabia, National University of Singapore, Reckitt, World Bank, and World Health Organization led sessions exploring the societal impacts of population aging, the pharmaceutical ecosystem, and next-generation medicine.
Reflecting on the opening of the event, Dr. Khan emphasized the urgency of the Global Healthspan Summit as a call to revolutionize perspectives on aging. He underscored the need to translate scientific advancements into tangible solutions that can enhance the quality of life globally, making the summit a central meeting place to shape a collective vision for healthier aging reinforced by measurable impact.
The Hevolution Foundation announced a substantial commitment of nearly SAR375 million ($100 million) in funding over the two-day event, bringing its total commitments to approximately SAR937.5 million ($250 million). The release highlighted pivotal initiatives unveiled on the opening day, including the SAR379 million ($101 million) XPRIZE Healthspan, a global competition launched by Dr. Khan and XPRIZE Foundation Founder Dr. Peter Diamandis. This initiative reflects Hevolution's commitment to inspiring a healthier aging future, with teams worldwide competing to develop therapeutics supporting healthier aging.
The Breakthrough Innovation Alliance, another initiative launched by Hevolution, comes with SAR37.5 million ($10 million) in base funding. This global partnership aims to provide mentorship and capital to 10-12 high-potential companies focusing on breakthroughs in healthspan.
As the Global Healthspan Summit progresses into its second day, it will delve deeper into the next great leaps in healthspan science and longevity. Additional funding announcements are anticipated, fostering a global shift from focusing solely on lifespan to prioritizing healthspan.
This summit assumes particular significance amid a rapid global population shift. By 2050, the population over 60 years old is projected to double to 2 billion people, with two-thirds of them residing in low- and middle-income countries. Dr. Haya Khaled Al Saud, Hevolution Foundation Vice President of Organizational Strategy and Development, expressed optimism about the summit's impact, stating that it marks a pivotal step in transcending cultural and geographical boundaries to redefine aging as an opportunity for growth rather than decline. The global healthspan community, working together as never before, has the potential to bring lasting change and help everyone in our aging world thrive.