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October 2, 2020

Fairfield company secures $10K grant for venture

IMAGE | Pixabay.com
By Natalie Missakian

A Fairfield company has won a $10,000 grant from a Washington, D.C.-based foundation to advance its creation of a national clearinghouse of buyers and sellers of personal protective equipment.

Strike Labs LLC was among 21 nonprofits, small businesses and individuals across the country to win a grant from the Booz Allen Foundation’s $1 million Innovation Fund. 

The fund supports the development of creative solutions to address impacts of the COVID-19 pandemic, according to the Booz Allen website. 

The foundation, which awarded grants of between $10,000 and $100,000, said it was targeting “ideas and solutions that will help build lasting community resilience by protecting vulnerable populations and front line workers or providing the safe return to work.” 

Strike Labs describes itself as a research and development shop “with a focus on implementing practical solutions based on published academic research.”

The company received the grant for its PPE Exchange, a national clearinghouse of vetted buyers and sellers of personal protective equipment. 

The exchange is billed as “a radically transparent financial platform for institutional entities that decreases PPE transaction friction and increases the fair market value of these PPE goods.”

“Our diverse set of winning teams displayed creativity, innovative thought and best-in-class ability to create impact for our most vulnerable populations,” John M. Murdock, the foundation’s president, said in a statement.

Winners were chosen from nearly 3,000 applications and from 30 semi-finalists who virtually pitched their products to a team of external evaluators. Strike Labs won in the for-profit category.

In addition to the grant, award recipients will have access to ongoing support from Booz Allen partners, the foundation said.  

Contact Natalie Missakian at news@newhavenbiz.com

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