About a year ago, Panasonic launched Panasonic Well, a global innovation initiative focused on enhancing family health and wellness through technology. Building on its century-long mission of societal well-being, Panasonic Well addresses modern family challenges with solutions across FamTech, Age Tech, and general health. CEO Yoky Matsuoka highlighted the impact of the COVID-19 pandemic on work-life balance as a driving force behind the initiative. The organization’s latest endeavor, the Family Wellness Innovation Challenge, offers over $1 million in equity-free prizes to startups developing wellness technology solutions, with applications open until October 25, 2024.