Shark Tank

Long Islanders typically cringe at the mention of sharks, but eight companies serving the disability community were thrilled to enter the Shark Tank in Garden City last month organized by the Disability Opportunity Fund (DOF). The fund gave out $250,000 during the pitch fest to support product development and job creation benefiting individuals with disabilities. First prize of $50,000 went to Valence Variations, which has developed an AI-powered app that can read and interpret a speaker’s emotions.

“Thank you so much to the Disability Opportunity Fund for this opportunity,” said Valence Vibrations Co-Founder and CEO Chloe Duckworth. “This capital is going to accelerate our growth to be able to support more neurodiverse people and help in building digital accessibility.”

The Shark Tank competition was part of the DOFs (DOF) 15th anniversary celebration. The evening also included a major funding announcement from the Maidenbaum Property Tax Reduction Group, which together with DOF awarded $75,000 in grants to 15 Long Island nonprofit organizations that support people with disabilities. Each organization received a $5,000 grant to continue and expand on their work. Read more.

TravelAbility TakeAway: Are Shark Tank competitions taking a bite out of the traditional phone book-sized grant proposal? (By the way, what’s a phone book?) That could be a welcome trend in the industry, particularly for the extroverts out there who make it look easy. Don’t be fooled: Pitching to an audience is still a lot of work and a lot of pressure.