Washington DC – October 20, 2020 – Twenty-one winners working to develop new solutions, systems, technologies and approaches that help build lasting community resilience by protecting vulnerable populations and frontline workers or support the safe return to work were selected to receive grant funding.
The PPE Exchange – a project under Connecticut-based Strike Labs LLC – selected by the Booz Allen Foundation from nearly 3,000 companies to receive financial support.
The PPE Exchange is a Risk-Mitigation Clearinghouse and Trading Platform for International Bulk PPE Transactions. It connects end-buyers with sellers of personal protective equipment and is designed to be a radically transparent financial platform for institutional entities which decreases transaction friction and reduces risk in these PPE transactions.
The Booz Allen Foundation, a 501(c)(3) organization dedicated to convening diverse stakeholders to solve challenging social issues, today announced the recipients of nearly $1 million in grants from the Booz Allen Foundation Innovation Fund. Established to support the development of creative solutions that address the wide-ranging impacts of the COVID-19 pandemic, the Booz Allen Foundation Innovation Fund was open to individuals, nonprofit organizations, and eligible small businesses to apply from April 30 to June 5, 2020. Nearly 3,000 applications were submitted, coming from all 50 states, four U.S. territories, and Washington, D.C.
“Strike Labs is pleased to have received the grant from The Booz Allen Foundation and looks forward to having access to the ongoing support provided by Booz Allen Foundation partners,” said John Casano, Chief Executive Officer. “By obtaining this grant, we are able to expand the PPE Exchange’s capabilities and continue to provide unique services such as Pre-Trade Proof of Goods and Proof of Funds Verification to continue to reduce risk in PPE Transactions.
About The Booz Allen Foundation
The Booz Allen Foundation was formed in 2017 as an independent 501(c)(3) tax-exempt organization. It serves as a convener of diverse stakeholders from the private, public, academic, and social sectors to solve challenging social issues through innovation and technology and build community resilience from the ground up.
For more information visit https://boozallenfoundation.org or https://boozallenfoundation.org/innovationfund/winners.
About the PPE Exchange
Risk-Mitigation Clearinghouse and Trading Platform for International Bulk PPE Transactions. The PPE Exchange is an international clearinghouse of end-buyers and sellers of personal protective equipment designed to be a radically transparent financial platform for institutional entities that decreases transaction friction and risk. The PPE Exchange is a Strike Labs project.