• SSTI poll shows overwhelming support for innovation platform

    More than 90 percent of the electorate support expanded efforts to strengthen the key elements of a knowledge-driven economy. Members can sign up for a webinar on how the poll can inform your communications.

  • Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

NIH launches $1.5 billion “shark tank” to accelerate testing

April 30, 2020

The most recently-passed federal legislation to address COVID-19 included funding for the National Institutes of Health (NIH) and the Biomedical Advanced Research and Development Authority (BARDA) to accelerate testing. The provision, added by Sens. Roy Blunt and Lamar Alexander, was envisioned to take an approach similar to TV’s “Shark Tank.” NIH is implementing the funds as a three-phase, “Rapid Acceleration of Diagnostics (RADx),” challenge with up to $500 million in prizes. Teams with COVID-19 testing solutions will submit proposals, which will be evaluated by experts from the five hubs of NIH’s Point-of-Care Technologies Research Network. Finalists will receive assistance from experts before the final selection is made.

nih, funding opportunity, coronavirus