“The National Institutes of Health (NIH) on Wednesday announced a contest aimed at finding new technologies to expand coronavirus testing capacity, with the goal of deploying millions of tests per week by the end of summer.”
“Officials likened the program to the television show “Shark Tank,” where entrepreneurs pitch their ideas to a panel of judges who can choose to invest in them.”
“The NIH program will have a $500 million pot of funding, using money Congress provided in the most recent response package, that will be awarded to promising testing ideas.”
“Ideas approved by the panel will be matched with funding as well as experts who can help develop the idea…” Read the full article here.
Source: NIH launches ‘Shark Tank’-style contest to develop new testing technologies – By Peter Sullivan, April 29, 2020. The Hill.