Technology

Apple gives $10 million from its manufacturing fund to a COVID-19 testing firm

Apple gives $10 million from its manufacturing fund to a COVID-19 testing firm
Apple gives $10 million from its manufacturing fund to a COVID-19 testing firm

Apple offered $10 million to a company that manufactures COVID-19 sample collection kits, names Copan Diagnostics. The aim is to help in increasing the scale for its coronavirus sample kit production capability from thousand to over million kits a week by July. Apple raised its finds which is usually reserved for close suppliers such as Corning- shows the urgency it is placing for the projects.

The following fund will help Copan to a new end large facility in Southern California, creating as in 50 jobs. Also, apple will help Copan to source materials from the “Companies all over the US”. Whenever designing new kits in collaboration with other companies.

Copan stands for a “Global player in the department of specimen collection and preservation for infectious disease diagnosis.” Stated by Apple, “and moreover Apple also feels that for the COVID-19 testing process, Copan’s kits are playing a sensitive role. This company is known for investigating the flocked swab, nylon tipped stick that helps to take rapid collection and extraction of samples. Copan is additionally the “leading transport medium for transport, collection, storage of specimens which contains viruses and preservation.

Apple gives $10 million from its manufacturing fund to a COVID-19 testing firm
Apple gives $10 million from its manufacturing fund to a COVID-19 testing firm

Apple appreciated as it has donated 10 million face shields and 30 million masks for health care worker also developed an application as well as a website with the CDC which will help users to check their symptoms. It is also collaborating with Google on COVID-19 apps.

In 2017, the advanced manufacturing fund from apple was $ 1 billion and gradually increased to $ 5 billion which focused on investing in local manufacturing and job creation in the US. Many speculated that it was an initiative designed to help win favor with the President of the US, who has already shown a desire that Apple move of its production works in the US.

About the author

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Steven Ly

Steven Ly is the Startup Program and Events Manager at TheNextHint Inc. She recruits rockstar startups for all TC events including Disrupt, meetups, Sessions, and more both domestically and internationally. Previously, she helped produce Dreamforce with Salesforce and Next '17 with Google. Prior to that, she was on the advertising teams at both Facebook and AdRoll, helping support advertisers in North America and helped grow those brands globally. Outside of work, Priya enjoys Flywheel, tacos, the 49ers, and adventuring around the globe.

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