Booz Allen Foundation launches $1M fund for COVID-19 innovation projects
Funding is available for nonprofits, small businesses and individuals with ideas to solve COVID-19-related social problems.
McLean-based global management consulting company Booz Allen Hamilton Inc. announced Friday that its foundation has launched a $1 million Innovation Fund that is open to nonprofits, small businesses and individuals who have ideas for projects that can help solve COVID-19-related social problems.
Founded in 2017, The Booz Allen Foundation provides funding to youth and education causes, veterans and military families, global health initiatives and assistance during times of declared disasters. The Innovation Fund was established to help organizations and individuals to use data and technology to improve COVID-19 relief efforts.
“We want to surface the most innovative solutions and empower the individuals and organizations behind those solutions to drive their development and implementation,” the foundation said in a statement.
The Booz Allen Foundation is accepting grant applications through June 5. Nonprofits can apply for up to $100,000, while individuals, teams of individuals and eligible for-profit small businesses can apply for up to $10,000 in funding. Eligible businesses must employ fewer than 100 people and bring in annual gross revenues of no more than $3 million.
Applicants will be asked about their solution or project to solve an urgent social problem related to COVID-19, and grants will be awarded to projects such as a new system, product, approach, technology, delivery system or process, according to the foundation.