We at American Made DiagnoStiks® have recently developed the IQStik®, a saliva-based COVID-19 test that can be taken anywhere with results in just 5 minutes! Right now, demand for quick and efficient COVID testing has never been higher. We believe our new IQStik® is a huge improvement over the traditional nasal swab test that can take days for results to come in, not to mention the high rate of false negatives.
Our test has NO False Negatives and can be taken from the comfort of your own home. With results in as little as 5 minutes, it eliminates any chain of custody issues that are inherently present in other tests that need to be taken to labs to analyze. In addition, our test is Much cheaper than others currently available on the market, costing only $1.50 per Stik to manufacture and selling for $19-23. Other comparable tests cost an average of $150-190.
We are currently looking for angel investors/venture capitalists to help fund our mass production of IQStiks® with the goal of distributing it worldwide. We are looking to raise $15M total across two rounds, $3.5M in the first round and $11.5M in the second round. The funds from the first round will go towards FDA Emergency Authorization Use Approval, Stage-1 Production Machinery and patent licensing fees. The funding from the second round will go towards scaling production, additional patents, management/personnel and marketing. We will be in full production of the IQStik® within 120 days from the date Round One funding is completed.
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