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Grip Molecular Technologies announced it raised $500,000 in an initial filing from an offering of $500,000

Grip Molecular Technologies announced it raised $500,000 in an initial filing from an offering of $500,000

05/30/23, 4:38 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsaint paul
Money raised
$500,000
Industry
information technology
Round Type
seed

Company Info

Company
GRIP Molecular Technologies
Location
1000 westgate drive
saint paul, minnesota, united states
Additional Info
GRIP Molecular is developing a novel, patent-protected, chip-based electronic biosensor that will provide lab-grade diagnostic results in minutes using a mobile device at the point of need. Unlike existing diagnostic technologies, it has the capability to simultaneously detect various diseases and characterize their state of infection (infectious to immune) with a single test. GRIP uses a combination of novel nanomaterials and patented 3D printing to deliver accurate results in minutes without the burden of complex chemistry. The appearance of COVID-19 as a global health threat has increased the urgency to transform diagnostics, which the GRIP team was well into even before this threat emerged. The ability to quickly, easily and cost-effectively test for active infection and immunity at the point of need has become the new baseline for what we should expect for early detection of all kinds of disease, but particularly when fighting a pandemic level enemy. GRIP is committed to confirm the science and commercialize a new approach with a number of specific panels/products that address our most challenging diseases and chronic conditions.

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