Social business and charity in COVID-19

Mologic used Government Funds develops a self-test for COVID-19

Bedfordshire, UK, 06 April 2021: Mologic, a leading developer of lateral flow and rapid diagnostic technologies, today announced its rapid antigen self-test for COVID-19 has been selected by the Rapid Acceleration of Diagnostics (RADx^SM) initiative launched by the U.S. National Institutes of Health (NIH)….

This project is being funded in whole or in part with Federal funds from the National Institute of Biomedical Imaging and Bioengineering (NIBIB), National Institutes of Health, Department of Health and Human Services, under Contract No. 75N92021C00010.

(If it is funded in whole, how can it be funded in part?)

https://mologic.co.uk/mologics-covid-19-rapid-antigen-self-test-selected-by-nih-for-radx-initiative-funding/

The results of the Government fundings are then acquired by a social enterprise.

New York, USA, and Bedford, UK, 19 July 2021: A group of philanthropic funds and investors led by the Soros Economic Development Fund (SEDF), with support from the Bill & Melinda Gates Foundation, is today announcing the launch of Global Access Health (GAH), a social enterprise that will seek to expand access to affordable state-of-the-art medical technology through decentralized research, development, and manufacturing in and for the Global South.

https://mologic.co.uk/mologic-to-become-a-social-enterprise-after-acquisition-by-social-impact-funders-and-investors/