SilverBills has been awarded a $2.5 Million Small Business Innovation Research grant from the National Institute on Aging of the National Institutes of Health
Summary
The direct to Phase II SBIR award will fund the development of additional features of the SilverBills technical application that address legal and financial challenges faced by LGBTQ+ older adults with impaired cognition. Funds will aid the further development of supportive tools such that individuals can age safely and securely with the assistance of SilverBills financial technology and services. Almost one third of LGBTQ+ adults aged 50 and older live on 200% of the Federal Poverty Level or less: a significantly larger proportion of impoverished LGBTQ+ individuals as compared to the non-LGBTQ+ population. The goal of the grant is to develop additional software features that will improve the financial wellbeing of LGBTQ+ older adults with cognitive impairment by enhancing the SilverBills application with tools that will help prevent fraud, encourage savings, and provide support for legal issues. Principal Investigator Marci Lobel-Esrig, Founder, CEO and General Counsel of SilverBills stated that "We are honored to once again receive federal funding to build additional technology tools that we anticipate will greatly benefit LGBTQ+ older adults.".