- Unique coronavirus tracing platform well positioned for robust adoption
- Blockchain-powered technology to ensure privacy
- Extensive strategic public health relationships
What Contakt World does:
Tracking and tracing has been shown to be most effective in stopping the spread of the coronavirus (COVID-19), and San Diego-based, privately-held Contakt World has developed real-time contact tracing for government agencies and businesses that is both efficient and accurate.
Best of all, privacy is guaranteed as the company utilizes blockchain technology to preserve personal information from unauthorized use.
Contakt World has the goal of becoming the most trustworthy, accessible and scalable digital public health and safety platform globally, while addressing the needs of a post-pandemic world.
It combines aggressive research and development, human-centered design, next-gen data integrations, and strategic health partnerships to empower and build mutual trust within communities, contributing towards health equity for users around the world.
The company’s first suite of tools emerged from the urgency surrounding coronavirus to manage the pandemic through innovative contact tracing and case management spanning multiple modes of communication.
Contakt World is led by CEO Justin Beck, an entrepreneur with 20 years of experience forming and building growth-stage companies, which includes a licensed cannabis company in California as well as an M&A and consulting practice.
How is it doing:
On October 30, 2020, Contakt World announced that it had entered into a definitive amalgamation agreement in which it will be indirectly acquired by Tracker Ventures Corp (CSE:TKR) (OTCMKTS:TLOOF) (FRA:B2I), resulting in Tracker owning 80.5% of Contakt World.
The company expects to leverage Tracker’s blockchain platform in the deployment of its end-to-end contact tracing solution, retaining privacy and data security for all stakeholders. The pending acquisition will also enable Tracker to expand its customer base and further monetize its proprietary blockchain platform.
Contakt World’s platform will also be leveraged to further expand Tracker’s existing suite of blockchain-enabled technologies in the financial and logistics industries.
More recently, Contakt World launched its Research, Development, Training (RDT) division to spearhead continued development of breakthrough public health and safety technologies by conducting university research and by seeking funding through non-dilutive grants.
The RDT division is expected to play a critical role in non-dilutive capital formation for Contakt World through recurring applications for grants bolstered by the expertise and scale of the FreeMind Group, which has successfully garnered over US$1.5 billion in awards for its clients.
FreeMind will assist Contakt World with strategy and frequent applications from agencies in the United States, such as National Institutes of Health (NIH), Department of Defense (DoD), Biomedical Advanced Research Development Authority (BARDA), National Science Foundation (NSF) and through private foundations.
Contakt World has also filed two provisional patents and is currently processing two additional applications as part of its overall Intellectual Property (IP) strategy.
On the management front, Contakt World recently hired human-centered design expert Deepti Pahwa as its chief innovation officer as the company develops its coronavirus contract tracing platform.
Pahwa has more than 15 years of experience working on product and consumer experience design with global brands such as Calvin Klein, Swatchgroup, Swarovski and Zalando.
She is a core member of the MIT spinoff PathCheck Foundation and has worked with various members of the organization, including the Google-Apple Exposure Notification (GAEN) system team. She has also been involved with thought leadership and think-tanks for PathCheck and MIT Safepaths.
Pahwa is considered a respected industry voice on topics such as privacy-preserving digital technologies, interoperability of data in public health, embedding of design practices in global health, architecture of trust and consumer experience design in digital solutions, building culture and teams for innovation and the role of contact tracing and digital health solutions.
Showing its reach, the company was named a winner for best product in the 2021 BIG Innovation Awards presented by the Business Intelligence Group. The annual business awards program recognizes organizations, products and people that are bringing new ideas to life in innovative ways.
- Pending majority acquisition by Tracker Ventures
- M&A opportunities
- Near-term commercialization of its platform
What the boss says:
Commenting on the company’s pending acquisition by Tracker Ventures, Contakt World CEO Justin Beck said in a statement: “The acquisition by Tracker opens the door for Contakt World to commercialize its platform in the near term, which we expect could save countless lives as health agencies together with businesses and institutions in their jurisdictions deploy our solutions.”
He added: “We hope to make a material impact on the COVID-19 response in the United States and abroad, while placing our system in the hands of local, state and national health agencies to mitigate any disease or contagion through a trusted, private link with their communities – particularly vulnerable populations left behind by other tracing systems.”
Contact Sean at [email protected]
Story by ProactiveInvestors
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